Hello all traders out there who are just starting out, are currently trading and who are thinking becoming full time traders and have a free lifestyle. Through out my trading, I have learned quite a lot. The things that Tim Sykes and the rest of the "gurus" at Profitly are saying the truth on what is going on in the market and outside the market.
There will always somebody be willing to take your hard earned money from you so please be carful before spending on so called gurus out there. There are plenty of scams online and be wise about choosing a company or a guru to help you with the trades. I learned a good lesson from this. For example, during the first year of my trading year was very good, I played my trades well (sometimes I did not) and sticked to my rules. During the winter season, after the October 2014 pull back I started to get reckless and picking the stocks wrong and breaking my rules. I started to lose money fast and became desperate for help and I have found a few but they sucked, did not worked, very pricy and probably were scams too.
The first onlie search I came up was called Oxford Club. I got into to it because of the low price they had which is around $50. Send out nice packages, info and so forth. When my bill came, I saw that they overcharged me and charged me around $300 and it was very unfair so I sen't them an email to them and got cancelled and gave a full refund which it was good but before signing up they don't list full price but only the promotional price. All they do nothing but send hyped up letters online and bragg about why people should buy this stock. The next attempt was Adam Mesh they sucked too. Their trades were not very good most of the time they worry about cutting loses and not making money. Had hard time cancelling my membership with these guys and went to complain to the SEC to ask for some advice. It took a while to cancel. But I managed to cancel it but without any full refund. Another research found was CNBC which Tim Sykes hates them. CNBC likes to pay a full year subscription and don't have monthly payments. They give 30 days to give it a try and if you don't like it you can cancel but it can not pass the 30 day period. Now I found Vectorvest and try to cancel them due to their program is old and there is nothing really there.
So finally around February of 2015, I have found Profitly and this is when I started to learn more about the market and how to trade stocks better with Tim Sykes but I am only a subscriber and not a Trading Challenge Student yet.
You can learn quite allot from Tim, he has excellent experience and a great coach. He does make mistakes from time to time but no one is perfect. I am gaining confidance, improving my trading every day but still learning how to sell properly. I have hard time selling, some times I sell too soon or too late. I am also try to improve on how to be more disciplent when trading and how to stick to my rules so I would not wander off. I am more careful then in the past all thanks to Tim Sykes teachings and his video lessons. I would recommend Buying How To Make Millions DVD. It is worth the money and it has some good info.
When you are starting out or currently trading, make sure that all your bills and debt is payed off because you will never know what will happen to your stock or the stock market and will not have a good time either. Next payoff your credit debt first too, trust me you will trade better without credit debt and will payoff your debt faster before trading. Always cut your loses fast if you are wrong about the trade as Tim is always reminding every one, never chase stocks for revenge or thinking it will go higher. Most important part of the trading is to have fun, play right and spend time with your family and friends. Don't quit your day job too soon and especially if you have a shit job (I apologize for the swear I too have a shit job). Always quit your job when you have enough money made and saved through out your trading. Finally have fun, the more fun your will have the better trader you will be and have better profits.
Happy trading and enjoy a peaceful life.
Exellent blo post!
great advice
Would you mind sharing your trading rules? This is something I'm working on creating for myself but also curious to see what other traders do
@HoneyD I try to make between 5% to 10% per trade, I trade with standard volatility. I don't trade stocks that have low volume, near the 52 week high, don't trade stocks that have very low volatility, I always try to buy stocks that are not on the toppish side.
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