I started off learning from Tim Sykes since a friend recommended me to him, and for 11 months I traded penny stocks, taking long positions only. For those 11 months I only listened to Tim since he would always say beware of other "gurus" and to not trade larger cap stocks for whatever reason. 

There seemed to be no sign of consistency in the penny stock world, and the market for it was getting weak, not to mention that trading penny stocks was rather unsatisfying, making only a couple cents a share per trade. I was learning nothing anymore from Tim after having watched all his DVDs. To be honest, youtube was a much better educator after understanding Tim's basic rules, you just have to find the right people. 

I eventually moved on to larger cap stocks, anything above $10, and I felt like the past 11 months of trading were wasted (other than learning how to take losses). Within one month of intense study of how large caps worked, along with a new broker to supplement my trading, I was able to see the potential in SHORTING GAP DOWNS, making a minimum of 30 cents a share each trade, almost everyday. Yup, just watch Arick Russell trade on Twitter. He was the one who inspired me to move on in a dying niche.

I find trading large caps much more easier since trends are stronger to follow, indicators actually mean something during intraday trading, and the profit potential is much greater (I still keep a 1:2 risk/reward ratio). While Tim says these stocks can be harder to trade due to institutional traders and competition, it's not even a detrimental factor.

The point being is that there is so much more to trading than penny stocks, and if you think that you are limited to this niche because you only have a couple hundred/thousand, you are mistaken, I don't care what anybody says. You just have the wrong broker! Learn to see multiple perspectives of the market, and you will find your way in the trading world much faster! I am still thankful for learning from Tim Sykes. I just wish I wasn't so stubborn on learning only penny stocks. Feel free to leave me a message.