Sykes’ Penny Stock Millionaires Archive: October 2019
I hear stories all the time of people who were ruined because they bought a penny stock and made the fatal mistake of believing in the company, and when it inevitably crashes they were left with nothing. I’m going to share a personal story with you about it, and how you can avoid it.
People ask me the same questions all the time. If I had a dollar for every time someone asked me a question I’ve answered a thousand times in writing, I could stop trading. But I want to make sure you have the answers, because this is important. So here we go!
Curious about the top brokers for mobile trading? Here are some of my thoughts on the most prominent platforms.
Sometimes I don’t feel like lugging around a laptop, and that’s why I think mobile trading is awesome. Here, I’ll dig into the benefits of mobile trading and how to choose the best app to suit your trading preferences and lifestyle.
Now that you have the first steps under your belt, here are a few more advanced steps that you’ll need before you begin on Monday.
Before you begin trading, you’ll need to know a few key concepts and terms to get you started on the right foot.
If you want to “play the game” with the stock market you need to know the rules that govern it.
“How do you judge the quality and veracity of a press release?”
After yesterday, I hope you have a better understanding of what’s behind market fluctuations. So I’ll get right to the four key tips.
Markets are always going up and down. If the stock market trends up over time, it’s called a bull market. If it trends down, it’s called a bear market. But for a day trader, you need to understand market fluctuation at a much deeper level.
Penny stock trading isn’t for everyone. If you are the sort of person who wants to trade stocks with lower volatility, and slowly grow your wealth over time, then you should look into this type of stock.
Despite how different penny stocks are from large-cap stocks, the way that you analyze and trade them is more similar than you may think.
I focus on trading low-priced stocks because of their high volatility. But I realize that style of trading isn’t for everyone. Many traders prefer to take longer positions with more stable large-cap stocks, especially if you don’t want to trade for a living.
Fundamental analysis is one of the core tools that every trader should utilize before they buy any stock. But if you aren’t confident you know how to do fundamental analysis it puts you at a serious disadvantage. I’ll go over some basics of fundamental analysis and how to use this crucial tool.
Yesterday I covered with you the first four of my five moves for succeeding with part time trading. But I didn’t give you the final one… We’ll cover the fifth one today. And then I’m going to go over with you some key tips before you get started.
Whether you’re trading part-time or full-time, you want to work smarter, not harder. Here are some of my best tips for how to make it work…
The idea of day trading can be alluring. Who wouldn’t want a flexible job with the option to work from anywhere in the world? Here’s the reality…
You can calculate your initial investment using an initial investment formula, but if the result is more money than you’re comfortable with investing, it’s moot.
Here’s where things get a little messy… You can open lots of different types of trading accounts, each of which might require a different initial investment. Let’s have a look at your options today.
Some people make an initial investment in the six figures, while others start with several hundred. What I want to share with you today are the considerations you need to take into account before you make that initial investment.
Finding undervalued penny stocks isn’t easy. If it were, they wouldn’t be undervalued. Fortunately, there are a few things you can do to set yourself up for success if you plan on incorporating value trading into your current trading plan.
Value investing is an art. Finding undervalued penny stocks is even more difficult. But that’s why you have an expert, me, helping you along the way. Today were going to pull some lessons from the ultimate value trader, Warren Buffet.
I get questions all the time from people who want to know how to use many different technical indicators. Personally, I stick to simple indicators that are very predictable. But that doesn’t mean that there isn’t value is complex technical indicators. So today, I’ll tell you all about how to use the Golden Ratio in your trading.
Personally, I’m not one to use “advanced” technical indicators in my trading. It’s simply not my style. That said, you should still know about a wide variety of trading strategies and understand those techniques, as I do, so that if you find a particular strategy you like, you’re able to add it to your trading toolbox.
The resources available to new traders didn’t exist when I started trading, so I pretty much had to teach myself to trade. Because of that, I learned a lot of things the hard way. I came up with my own rules for trading that I stuck by and turned me into the millionaire I am today. Along with the rules I follow when placing trades, I also have lists of things to avoid when trading. Yesterday, we covered 3 items on my list of things to avoid, today, we will go over the other 7. Let’s jump back in today with number four on my list…