A Crucial Tool To Track Fast Moving Stocks & Breaking News …
FINAL DAYS OF THIS SALE:
Save up to 56% off HERE on this annual plan sale
Save 40% on these DVD study guides for a limited time
I already have 2 official millionaire trading challenge students, and 2 unofficial millionaires, and I’m up $650,000+ halfway through in 2014 trading (see all trades) even as I spend the majority of my time teaching…tools like StocksToTrade.com help me immensely since it’s programmed with my daily scans and can alert subscribers to fast moving stocks.
But no programmed tool/software will ever be as useful for education as millionaire traders who can share the nuances of trading with their students.
The world of profitable trader/teachers is very small since trading is so time intensive and teaching even more difficult/time consuming.
There’s this guy who is up $880,000+ halfway through 2014, see all his trades HERE, and this great and hugely active trader whose up nearly $300,000 halfway through 2014, see all his trades HERE.
Aside from that I just don’t see trader/teachers who make big money, many don’t show their entire track record or they have stopped posting publicly probly because they have something to hide.
It’s CRUCIAL that your newsletter writer/teacher show every trade/investment or you can pretty much assume they’re lying, a fraud, or more often not worth learning from since their method is flawed.
That’s why I’m so proud of this interview you should definitely listen to because it’s with the team behind this great chatroom for active traders and this truly amazing DVD guide (both of which are on sale for the next few days only HERE and HERE, DEFINITELY take advantage!!!)
The Investors Underground chatroom is ideal for tracking breaking news and fast moving stocks because it has some serious traders like this veteran trader up nearly $500,000 in 2014 already and up and coming traders like this guy up $167,000 in 2014 already who alerts often and quickly whenever there is a hot stock or actionable news item in play.
Many of the best penny stock traders in the world outlined here, including this great trader who is up $5 million in 2014 already, utilize this chatroom and I pop in every now and then to get a sense of what’s moving, check it out:
We even got it transcribed for my valued deaf subscribers/those with crappy internet who can’t handle videos yet (remember I have students in 65+ countries, we take our high-speed internet for granted, understand there’s a giant world out there…hence why I get 3,000+ emails/day from people wanting to learn)
Interviewer: Hey, it’s Cam for Investors Underground. Today, I’m speaking with one of the big personalities in the world of trading. He took a few thousand and turned it into a few million buying and shorting penny stocks. If you search for mentions of his name on the Yahoo and iHeart message boards, you’ll probably read some profanity that you never knew before, but in all seriousness, this section of our YouTube channel wouldn’t be complete without an interview with him, Timothy Sykes. How are you doing, Tim?
Timothy Sykes: Good. Thanks for having me.
Interviewer: Everyone who’s watching already knows a lot about your story, betting against pump and dumps and riding the downside move while you’re short. Why don’t you tell us about what it was like during the early days of your trading, maybe the first three to six months?
Timothy Sykes: Yeah. My parents gave me control of my bar mitzvah gift money. They thought I would lose everything. I had slow moving stock, and my $12,000 account wasn’t growing very fast for about a month or two. I started playing penny stocks that were trading under a dollar, under two dollars a share. There wasn’t that much information about them, but they were moving fast. By the end of my senior year of high school, within the first six months of trading, I had grown the $12,000 into $120,000. I was only buying. I hadn’t learned short selling yet, but what I was buying were all pump and dumps stock that were being promoted by boiler room, but I was buying basic breakouts that were manipulated breakouts. I didn’t know it at the time. I was just like, why are these stocks breaking out so perfectly. I was very fortunate.
Interviewer: How’d you know what you were doing when you were starting out? Were you winging it or was it just trial by fire?
Timothy Sykes: Yeah. I mean, it was all trial and error. I never had a mentor. I saw a pattern so that was kind of cool when you see just basic breakouts over the previous high, with volume, with some kind of noose. That was a pattern that I used to buy back in ’99 and 2000, and it worked well because I was aided unbeknownst to me by telemarketers. When there were no breakouts, I would not necessarily make a lot of money. I held onto my money because I had learned by trial and error to cut losses quickly when I was wrong because, again, it’s so amazing that I was playing these telemarketed stocks. When they weren’t breaking out, they would crash because that’s when the telemarketers were done with them. I didn’t know this at the time. I just knew, based on the stocks non-breaking out, to get out quickly. I still use that rule today, and I’ve actually become even more conservative because I just don’t trust any stocks. After 15 years of seeing everything, I’ve learned to be grateful for every single profit.
Interviewer: You’ve got a ton of subscribers now who are probably starting off with similar emotions as yourself when you started trading. Does some of your new subscribers remind you of yourself when you started out?
Timothy Sykes: Yeah. I love hungry, dedicated students. Back then, I only wanted new picks, and I was always interested in what’s the latest hot stock pick. I wish someone would have smacked me and been like, the latest hot stock pick doesn’t necessarily matter. You need to be much more meticulous and treat trading like a business. I didn’t understand that when I first began. I think many people still don’t understand that. People who trade penny stocks and hot day-trading type stocks, they just want the action. They want the quick hits and they don’t necessarily go in with a full framework and a well thought out plan ahead of time. I think that’s their mistake. That’s why the majority of traders lose money.
Interviewer: When was it that teaching became such a big part of your focus?
Timothy Sykes: I was trading pretty much every day or every few days all the way up until 2006. I had a hedge fund at the time. I was going long and going short. It was just based on the catalyst. I was still working and refining my rules. I was in a TV show called Wall Street Warriors, and I was the jackass of the show because I just didn’t care at the time. My hedge fund wasn’t doing very well. I started getting into investing because I wasn’t happy with how slow my fund was growing. I was making 20% per year, and it was just not enough money for my greedy Hebrew lifestyle. I started investing, and I got crushed because I didn’t have the right risk management in place. But right when this was happening, the TV show Wall Street Warriors was becoming a hit and people started emailing me. People were like, I want to take a few thousand and turn it into a few million, what’s your secret? At first, I brushed them off, but as I got more and more emails, I started saying, you know what, all I have to do is explain how I took a few thousand and turned it in a few million, and I think that I can do it again and I think I can teach other people to do it.
That got me into teaching, and it was the best decision ever because I can always trade, I can always make two, three, five, six hundred thousand a year from trading, but I have much bigger ambitions. Teaching people how to make a few thousand, tens, or hundreds of thousands, or millions of dollars, I think that can be a hundred million dollar plus per year business. I’m basically one-tenth of the way there to my goal, but I think there’s so many people out there in the trading industry so full of fraud that people who don’t actually know how to trade, and I think that more people who can do, like Nate and myself, who can pass those lessons down to others is going to revolutionize finance.
Interviewer: For those people who don’t know, Tim’s a co-founder of Profit.ly and Investimonials. Tim, can you tell us a bit about the growth of those businesses? What’s your vision for the future of both of those sites?
Timothy Sykes: It’s basically just to find the top traders who can become teachers. As Nate has become a great teacher, Superman is a great teacher. They weren’t necessarily students of my strategy, but they’re students of trading, and they’ve refined their strategy. They’ve proven to be profitable traders. I’m not the only profitable trader in the world. There are roughly 5 – 10% of traders who do make consistent money, and we each have our own strategy and personalities. I basically created Profit.ly as a way to find other traders, other gurus because I just can’t handle all the students myself. It’s great for other people to learn other strategies. People who like to trade more like Nate’s strategy. Eric Wood’s started out as my student, made five or six hundred thousand dollars with my strategy, but I don’t trade as much as he wanted. He went to Nate, and now, he’s making solid money over there in your room, Investors Underground. I’m always looking for more traders and more gurus, and Profit.ly fleshes them out by showing their track record, and we see who’s active in the chat room.
In Investimonials, everyone gets reviewed openly. It’s like a TripAdvisor or Yelp! for finance, and you get to see what everyone thinks of everyone’s strategies, websites, and brokers, and stuff like that. Just trying to bring transparency overall to the trading industry, which is very not transparent at all. It’s full of frauds. It’s full of liars. I think that the Internet is going to change everything in the next few years.
Interviewer: What was it that made you pursue Nate to offer his products and services on your site there?
Timothy Sykes: Yeah. I was trying to get him to make a DVD for years. He’s a stubborn guy, but finally, he created a DVD, and I’m very proud that it’s literally amazing. I think it’s the number one ranked product on Investimonials, and it deserves to be. People love it, and it gives them a great framework for trading, which is all I ever want for traders, to have a framework and have a structure to their trades in their mind before they even make the trade. But then I think that I have enough exposure that I think I can bring quite a few students to Investors Underground and Nate, and I’ve been, I think, proven right so far. It always is helpful to have more traders in the chatroom, especially for a chatroom like Investors Underground where a lot of the traders are looking for breaking news or stocks that are making technical breakouts or breakdowns and people alert very quickly so I think it’s a great tool for fast alerts. I use it every now and then. I trade a little more slow moving patterns, but it’s always great to be alerted in real time with news and SEC filings.
The other day, I was in a stock, I had just bought it, and someone in Investors Underground alerted a breaking SEC filing on it, a negative SEC filing, and I was like, oh shoot, I’ve got to get out. I got out. I cut losses quickly, and sure enough, over the next 30 minutes, one day, two days, one week, however long you want to look at, the stock tanked. The negative SEC filing was damaging to the stock. I’m glad that I got out, and I think more people should use that. It’s all about getting good information and having a plan with trading. This is not an easy game where it’s 90 -95% of traders make money. No, it’s the opposite. Most people are losers. Most people don’t have a plan. Most people give in to their gambling addiction. We need all the tools and resources, whether it’s Nate’s DVD or Investors Underground chatroom, or my chatroom, or my DVDs. Anything that is well thought out to help people not just trade based on instincts and gut reaction because that’s dangerous.
Interviewer: A lot of your subscribers come over and check out our community here at Investors Underground. Do you think it’s beneficial for them to have memberships at both places?
Timothy Sykes: Of course. Whatever people’s style or strategy is, their style is, the more educational products that Profit.ly can offer, I think, is very beneficial. Some people don’t like shorting pump and dumps. My strategy is tough because sometimes there’s no shares to short, even as the stock is crashing. It’s frustrating as a new student not to find shares to short and watch the stock collapse in front of you and not be able to partake. That happens sometimes. Sometimes, it’s good for those people to trade more actively traded names that are talked about in Investors Underground. It’s totally up to the student, but the more choices we offer as real traders, the more beneficial it is to customers.
Interviewer: For anyone watching the interview right now, if you’re looking to get started with this, I’ve got some unadvertised promo codes to save you some money with subscription. Drop me an email. I’m at [email protected]. I’ll get back to you with some deals within a couple of hours. Tim, you’ve seen Nate’s DVD. What do you think of it?
Timothy Sykes: Yeah. Nate spent several years on the DVD, literally, several years so you can see the quality just bringing up so many different examples, historic example after historic example. That is so useful. Some people get overwhelmed by studying the past and I think by studying past trades and past chart patterns, that’s how you become better prepared for present trades and future trades. I look at it like a general studying past great battles, and he comes up with new tactics to fight in future battles. That’s what I think most customers and students should look at this DVD as, and say, wow, Nate has compiled such a huge list of examples and patterns that have worked. I think, Nate, because he spent so much time on this DVD, it really shines. It’s really just organized very well, and it’s so comprehensive. I see the reviews, and people are like, wow, this really prepares me for trading.
It’s no different than a student of warfare. You are prepared for battle if you study past battles. Nate is a general in my mind. Not a bad general, but a good general. It’s good to study the moves of somebody who has made several millions of dollars. Far too many people, I think, think that they are experts when they make $10, $20, or $50,000, and they criticize millionaire traders like, I could have done that trade better. It’s very easy to criticize in hindsight, but as a fellow multimillionaire trader, we don’t know, ever if we’re going to be 100% right all the time. All you can do is try and go in with your trading rules, come out with a well-executed trade, and if that solid execution leads to a profit then all the better. But you need to have a plan, you need to have a framework in your mind and to do that, you need to study past trades, past patterns, and be prepared.
Interviewer: Nate tells me that you might be a little bit jealous of it being number one on the whole of investor manuals and you’re thinking about releasing another DVD yourself. Is this true?
Timothy Sykes: Yes, that jealousy is driving me insane. I’m definitely inspired by how well put together this DVD is. I know you helped out on it, and you guys did an incredible job. Yeah, I’m working on a DVD. It’s going to take several months because now, the bar has been raised by you guys. I think that’s a good bar. We’re going to compete to see who can give the best educational resource. Month in, month out, year in, year out, the more students that study these DVDs, the better prepared they’re going to be. The better odds they’re going to have on every single trade. There’s criticizers everywhere, right. People who don’t like this, they don’t like that, but every single pattern, every single example of the past, whether the trade worked out well or didn’t, it’s good for students to study this stuff so that they can have this framework in their mind. I can’t repeat this enough because you really need to be prepared and that is the number one problem that I see. So whether you want to prepare with Nate’s DVD or my PennyStocking Part Deux, it’s pretty highly rated too, it doesn’t matter. The more preparation, the better and there’s no way to get worse.
This is the one thing that I think people don’t realize. Some people are like, I don’t have time to study. I don’t have several hours. The thing is that every single trade that they do is worse because of a lack of preparation, a lack of knowledge. These DVDs change people’s lives. They give them the ideas and ways to implement successful trades again and again and again. As you see from Nate’s testimonials and my testimonials, we’re creating students who are making five, six, even seven figures a year and that is life-changing.
Interviewer: I don’t know if Nate has told you, but we’ve got a second DVD in the works. Every day since January 1st this year, Nate’s been recording his screens and sending me the raw footage at the end of the trading session, which turns out to be around a 10-gig file. I take that and condense it into the most interesting plays, highlighting the key points along the way. It’s been a huge job so far. We think it will be ready to go on sale in around October of this year. Do you reckon that’s something that people are going to be interested in?
Timothy Sykes: Yeah. That’s hugely useful. I can’t wait to see it myself. The more live trades that you see, good and bad, it’s just more resources. Again, going back to the analogy with the general studying past battles. To be able to see all of those battles and to condense the lessons into something that’s like key points. What is that called? I forgot the name of that where there was a little yellow booklet that condense classic books that you could read. Oh, Cliff’s Notes. I can’t believe I forgot that, but it’s Cliff’s Notes. It condense these long books into just key summaries and that was fantastic. So if you can do that with trading, and the key is seeing the repetition because I think there’s not as many patterns and not as many catalyst as newbies believe. For newbies, it’s very overwhelming. They see all of this stuff moving so fast; they don’t know what to do. If you can condense it into, let’s say, here are the seven main patterns. Here are the five key indicators, and you just rinse and repeat over and over. Obviously, there’s going to be slight variations on trades. But once you have that, then you’re good to go. This is why I like to focus on earnings winners and shorting pump and dumps. I see they’re very simple, and simple seems to work the best.
Interviewer: It’s my understanding, you brought your family into the team of Profit.ly. Tell me a bit about that.
Timothy Sykes: Yeah. My business has grown rather dramatically. I’m very fortunate to be able to work both with my mom and my dad. My dad handles a lot of administrative stuff. My mom ships out DVDs and emails customers. Neither of them are the most proficient with computers or the Internet, but it’s great to be able to be close with them. Having close ties with everybody rather than just being this lonely trader, which at different times in my life, I have been where you can get all caught up in the money that you’re making and feel that you are above other people. I’ve had to wrestle with that because I’m not above anybody else. I’m just an average guy. I just have had quite a wild journey, thanks to this undiscovered niche that I think more people should know about. It’s great to be able to work with your loved ones. I think more people should do it. It’s interesting at times having your parents work for you. It kind of screws up all the roles, but overall, it’s a great experience.
Interviewer: That’s pretty cool. Tim, that’s about all we’ve got time for today. Have you got any final thoughts you wanted to leave our listeners with?
Timothy Sykes: Yeah. People really need to understand that they need to be prepared ahead of time with trading. Stuff moves fast. When you’re in a hot stock, when there’s breaking news, you need to have plan of action in your head. The way to do that is by studying DVDs like Nate’s, studying my DVDs, and being in the chatroom and understanding what the pro traders are thinking. Nate has made millions. I have made millions. There are several millionaire traders in Nate’s room. There’s a few in mine. Learn from the millionaires. See what we’re doing right because trading can be very dangerous when you don’t have a plan, when you’re just following random picks from random people, and that’s the downfall of everybody. If you have a plan, if you go in every single day with a specific plan, here is my stop loss, here is what I hope to make today, here is this news catalyst that I’ve learned about in DVDs and I’ve seen in video lessons. People don’t study enough. They’re like, you know, I’ll just trade a little bit, I’ll make a little money, and I’ll learn it as I go.
And then they lose everything and then they never get to feel their potential as what kind of a trader they could be. Don’t make the mistake that newbies make. Study ahead of time. Study endlessly. The more prepared you are ahead of time, the better you will do in trading. And understand that it’s not just about what you just make in a day or a week or a month or a year. This is a lifelong marathon. This is a talent that can literally change your life if you take it seriously enough. Don’t underestimate educational resources. Put in time and effort and you’ll be rewarded.
Interviewer: Tim, I really appreciate your time. It’s been great to be able to sit down with you for around 20 minutes today to chat stocks and business.
Timothy Sykes: Yeah, for sure, man. Thank you again for having me.
Link:
A Crucial Tool To Track Fast Moving Stocks & Breaking News …
See which stocks are being affected by Social Media
