Maybe sometime in the future you could do a post on how to use WordPress so I could setup my own website! Tim Sykes Millionaire Challenge Update: January 2018: I am still active in the market everyday however, my thoughts and opinions have changed. Then build your account 1 trade at a time. One way around it is by opening a margin account but that can be dangerous because you are using borrowed money. You answered your own question. I have no clue how many people are in the challenge.
In fact 90% of day traders lose money so I would learn to appreciate the jobs that you and your mom have. I was also looking into Tim Sykes stockstotrade software and i think it is genius. I wrote about my thoughts of Tim Sykes being a scam artist. It was a digital copy, so most likely it was from a torrent! If your gf wants to experience trading tell her to become a swing trader short term trading. Sykes promises that by following his techniques the money invested can be recouped with single good trade, but there are people out there who prefer to make money without the initial outlay. I suggest you trade with real money but small size to get the experience.
However I am now researching which broker suits me best. There are inherent risks involved with investing in the stock market, including the loss of your investment. How many students percent wise are actually making 10k or more yearly in your opinion? John I am in no way affiliated with Tim Sykes nor do I receive any business or affiliate compensation for anything that I write on this blog. He has helped create multiple millionaires through his teachings. I suggest you check out his site and reach out to Ross to show you how to get started. If people are curious enough your questions will definitely help others make better decisions.
Keep writing the articles man, I really do enjoy them. I did my research and made a decision based on that research. I hope this helps and please let me know how it goes. However, I find that 30 to 50% of the stocks Tim Sykes puts on his watchlist has shorts available. However, it will slow down your mistakes and bad trading too.
If you are wrong 50% of the time but cut your losses quickly you will be up more than down. I guess I will re watch them at one point to keep fresh. What would happen if the market tanked again I thought. As you would imagine his unique story attracted a lot of media attention. Lastly I try to look at it like a baby.
My suggestion to you is to keep learning. I have a few questions as I do wish to work with him and learn under him. I hope everything works out for you Jai and maybe you get better luck than me. Why do people make this more complicated than it needs to be? From what I know once your year is up you can renew your subscription. I will look to upgrade that when the time is right. He kept saying that as a trading challenge student I will get access to live webinars with Tim Sykes twice a month.
Any guidance you can give me would be greatly appreciated. The millionaire challenge is a premium course focused on creating more millionaires. Good luck on your studies and trades. It was recorded by Tim in a Las Vegas conference in 2010. Professional trading instructors were bragging about results — but those results could never be verified! In essence I am investing in my future by educating myself.
You did what was best for you and I respect that. Yes I might have made some money today but I feel that if I make money too quickly without understanding what I am doing I will reinforce bad behaviors which could ultimately cost me in the end. Please share your comments in the section below: Summary: Timothy Sykes is a well know if not abrasive personality and penny stock trader. However, you have to do scans nightly or throughout the day as that is where you will see the percent gainers. You say you have a 2 year old son. I have made 4 trades and I am up on 3. Watched all of it in a 5 day period.