Disclaimer: this post may be unpopular for some but I don’t care. I think it should be said for the greater good of those who give a shit about the penny stock market and its future.

 

I’ve been on Tim’s challenge the past month and it has transformed my trading and I’m definitely on my way to profitability. I’ve also been studying daily for around 7 months.

 

What has most shocked me about being on the challenge is the fact that many members don’t honestly seem to do a lot – if any- preparation.

 

In context, those on the challenge should be the most dedicated as they’ve committed the most to learn in advance.

 

After all, we did all pledge to be the next millionaire, right?

 

I also heard Tim say only 16% (approx.) of Silver subscribers watch his videos – another surprising statistic.

 

Being a subscriber or challenge member is a two-way street: Tim has to teach us but we in return also have an obligation to study. The alternate, is letting ourselves down and wasting everybody’s time.

 

Also, on the macro level, people will continue to consider penny stocks as shit and its reputation will be further tarnished. BUT, it’s not the market’s fault that most of its students are lazy as fuck.

 

In a way, if you don’t want to study -  I’m glad. Eventually, it’s just more money for me and the people who give a shit. But my better half desperately wants the market’s reputation to improve, for us all to make money, and to bring a new level of transparency to trading.

 

So, here are a few pointers I hope we can all adhere to.

 

Be transparent, please.

 

If you don’t feel comfortable, don’t use your public name on profit.ly. But you should update and document ever single trade. If you want to catch Tim’s attention as a dedicated student, this is definitely a good start. AND, you learn by your losses and if your memory is like mine you’re going to forget the trades you’ve made. By cataloguing them you can’t forget. AND, it enables Tim or other mentors or traders or ANYONE to look at what you’re doing - good and bad - to give you advice. I even video record my trades so I can document the sentiment of what I’m feeling emotionally in my voice when analysing a trade.

 

Watch all video lessons, webinars, etc

 

Honestly, being on the challenge gives me access to Tim and the others but I actually make a point of not asking the guys questions. Not because I don’t want to utilise the services but because I just don’t need to. I’ve watched the DVDs and webinars and it’s honestly pretty simple stuff – all covered in the content already provided.

 

I get frustrated when I sit through a Q and A webinar and I don’t learn a huge amount because most of the questions Tim is answering is retarded stuff. That’s not to say the webinars are not beneficial – it’s actually my favourite source of learning material out of everything. Sorry to target you if you’re new and just learning. This then does not apply you you. But for the guys who’ve been learning three or four months or longer it’s not acceptable.

 

The worst question was: how do you enter and exit trades quickly? I nearly closed my laptop during the webinar, reached for the whiskey and went to grab my phone to order as much Mcdonalds as my fat stomach could digest.

 

Appreciate this is to learn; not gamble

 

This is a long, occasionally laborious process. Learning anything can suck a little at times, but it’s all worth it when you get that ‘aha’ moment or you make a good trade your particularly proud of.  We’re not here to gamble. Stop gambling. It’s about calculated risk.  Why some people want to lose money randomly is totally beyond me.

 

I’m not trying to get browny points from Tim or anyone else here. I genuinely just want us – as students – to raise the standard of our efforts. Again, it’s a two-way street.

 

We’re all in this together, after all.