I love Tim's strategy. It works. You got to be fast, really fast with this strategy. That's what is great is that you learn how fast you need to be to be successful in playing with stocks. It's a cut throat game out there.
I made some money and I lost some money. Consistently I'd lose more money than I lost though. Some people are better at going long and some people are better at going short with small cap stocks. For me I was better at a different strategy. It took me a while to figure that out though. If you like the game of stocks keep percivering, but there may be a strategy that suits you better than small cap/penny stocks. If you keep going down the same road and failing, you may want to try a different road.
Finally, I've consistently been making money with different strategies. Thanks to learning Tim's strategy and other strategies, and mostly learning TECHNICAL ANALYSIS but keeping in mind the fundamentals. The technicals and the chart do not lie.
The road that has been suiting me in these volatile markets are playing at the money or little in the money options. Positions can be small and you can make really good returns similar to small cap stocks, but I think a lot better. With that said you can also loose fast, just like with penny stocks. So safe trading is key as Tim always says and respecting technical levels.
Overall my message here is if one strategy isn't working look at other strategies. Definitly paper trade first! Get educated is most important!! The more you know the more power you have. It takes years and years and years and years to get good at this stuff, it is not a get rich scheme. Side note, I think if Tim did options he'd be so filthy rich!! But do what works for you, everyone is different. Here is a video of a strategy that I like:
https://www.youtube.com/watch?v=a2ZdZQGS2zg
Thanks you,
Ryley
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