Do you aspire to become a well-seasoned trader? Are you determined and committed to building a successful trading career for yourself? If yes, then this article is for you as there are in-depth details about the all you need to be successful trading penny stocks. Generally, it is not easy to trade penny stocks except you have an idea of what to do. There are a lot of newbies that lose almost all their trading funds by being victims in various pump and dump stock schemes. However, you do not need to have the same experience as those traders as Profit.ly, an educational hub created by Timothy Sykes, provides valuable insights into the world of penny stock trading from Tim Sykes's perspective.
Before we proceed, we need to know who Timothy Sykes is and how he has immensely contributed towards building several successful penny stock traders making five and six-digit figures. Timothy Sykes, otherwise known as Tim Sykes, is a well-known penny stock trader. One of his notable trading achievements is the $12,000 Bar Mitzvah, which he turned into over $1.65 million while studying Philosophy and a minor program in Business at Tulane University. In 2008, he re-enacted the same success and grew it over the years into over $5 million in profits. His success stories as a stock trader and that of his mentees have been featured on Bloomberg, CNN, CNBC, Forbes, and other noteworthy sources. Additional Tim Sykes has been hosted on both Larry King and Steve Harvey's shows.
Now that we know who Timothy Syke is, we can delve into his trading strategies. The mistake most newbies make is that they do not have a concrete feasible trading strategy. Most of them gamble, rely on stock picks, tips and previous day historical data. By selecting random stocks, a trader is being exposed to financial disasters. To add insult to injury, they do not know when to exit the market even when they have few good picks. A lot stock companies flaunt themselves as small startups with promising stocks that are set to rival the likes of Google, Amazon, and Facebook. That way, a lot of newbies are deceived into purchasing their stocks as they do not want to lose out on getting them in time.
However with Tim Syke, it isn't just about the next Amazon or Google. It was more about understanding the underlying factors that drive a stock. He takes into consideration the technical and fundamental analysis of a stock as confirmations of the stock market price movement. He monitors penny stocks that are in momentum, and buying them prior to such movement, and then sells them off before the momentum level drops. Generally, Tim's trades last for a few hours. The maximum period he holds his positions is two days.
It is possible to short-sell penny stocks as they are speculative. This implies that the value of stocks are dependent on promoters' hype. However, when the hype ends, the value of those stocks crashes. If you missed profiting from the high market price level, you can still profit from an inevitable drop in stock prices. With this, you can profit from an up- and down-trend movement.
Timothy Sykes Mentorship Programs
There are three training levels that are being offered by Timothy Sykes to individuals interested in boosting their trading careers. These training levels include PennyStocking Silver, Tim Alerts, and Tim's Challenge. Other financial trading programs just teach you elementary stuff that you can easily find on the internet. In some cases, these training programs are masked marketing props that are created to upsell unsuspecting traders various trading systems and hotlists that in no way contribute to their trading success. On the other hand, Tim Sykes's mentorship programs are value-packed, value-driven, and relatively affordable as compared to other training programs.
Amongst the mentorship programs is the Tim Alert, which has a monthly price plan of $74.95. However, you are given 24% annual discount when you make a year payment pegged at $684. Tim's Alert is ideal for testing how cut out you are for penny stocks trading. With Tim's Alert, you are given access to the chatroom where you can relate with other traders and share trading ideas. It also features daily watchlists on stocks with detailed performances. Additionally, you have access to real time trading alerts which are available via Email, SMS, and Push notifications.
For traders who intend studying how to take smart trading decisions, the PennyStocking Silver program is an ideal training program that provides more value. With this program, a trader is equipped with the know-how to make smart decisions on his or her own. It has a monthly price plan of $149.95 with a 28% discount for the annual plan.
Then there is the Tim Sykes Millionaire Challenge which is the upper crust of the programs - especially for those who want to be full-time penny stock traders. Before you join this exclusive program, you have to apply and be interviewed to provide Tim Sykes the basis for your motives, passion and dedication to the program. The program is fully equipped with over 6000 video lessons and uniquely curated videos with video lengths of more than 300 hours. Besides, you also have access to live webinars, trade alerts, newsletters, chat room, and community. To top all these, there is a possibility of you being personally mentored by Tim and granted access to exclusive premium content which can include a review of hot sectors.
There are a lot of students on this program that have gone beyond the million-dollar threshold. Although Tim has an accumulated trading profit of $5 million, some of his students have outperformed him in this area - an example being Tim Grittani.
Conclusion
Will you become a penny stock millionaire overnight implementing Tim Sykes mentorship program? No! You need to be cautious of any coach who offers you a guaranteed fast-track success. One of the features of the stock market is volatility, which makes it unpredictable. Also, historical data can not be relied on for future performance. However, you need to be solely dedicated towards understanding and aligning yourself with the psychology of the market. As you keep learning and practising, you will draw closer towards achieving your trading goals. If you wish to know more on how to get started with any of these programs discussed in this article, please visit this link: Timothy Sykes
