Lincoln_Hawk
1
Lincoln_Hawk Aug 13, 17 11:21 AM

@Palmer has an excellent ABCD scan for TOS. I've found several mid-morning & afternoon setups using it. I'm going to try the "Bullish Trend Scan", and may tweak each one to search for those stocks with high relative volume at the open, as well as ones that do not fall below VWAP for an extended period of time.

mickd
1
mickd Aug 13, 17 3:38 PM

I use finviz.com, it's free and easy to use. You can check out tutorials online on youtube on how to use it but it's pretty straight forward. I don't remember excatly where but on Tim's website there is an article on pennystocking and there's a small list of presets he talks about you can use.

mickd
1
mickd Aug 13, 17 3:41 PM

Oh and it only screens NASDAQ, NYSE, AMEX. It doesn't screen Over the counter Stocks. Just set Exchange you want, volume, , market cap and price under 10$. then click on charts and that should get you started. this is only the basics basics but I'm sure you can figure out the rest. Have a good one

Join now or log in to leave a comment
mudit1234
mudit1234 Jun 21, 17 1:25 AM

use a normal trading account to grow your account a little bit then take some of your profits out ever year to put into a roth IRA account to help with your income tax and trade with two accounts so you'll be set for retirement and have a normal account for your personal spending

sik
sik Jun 21, 17 8:46 AM

roth you can pull the principle back out with no penalty. it only "locks up" your gains. if it's self directed it's not any riskier/safer at all. it's literally a question of do you want to pay taxes or not. you're allowed to not pay on 5500 a year by putting it in a roth. once you reach the 5500 cap, then you start put the rest in a cash account. but if you are under the 5500 cap, it's a no brainer. roth 100%.

natetrades16
natetrades16 Jun 21, 17 9:03 AM

Have your personal investments in Roth trade in regular.

TraderH
TraderH Jun 22, 17 7:02 AM

Based on your age, I would stick with the trading account and focus on saving up money. Just work and create a plan to save up money. Don't worry about taxes. Don't use retirement accounts for trading but more for long term investments. Realize the Roth IRA has a 5 year rule in order to qualify distributions.. 5 Roth IRA Withdrawal Rules You Need to Know http://www.rothira.com/roth-ira-withdrawal-rules

Join now or log in to leave a comment
trader187
1
trader187 Jun 20, 17 11:32 PM

Tim Sykes videos are so good they helped me a ton. He is no bullshit straight up tell you like it is teacher. I am from NYC so I appreciate this approach.

Fox_Trader
1
Fox_Trader Jun 20, 17 11:43 PM

Go with How To Make Millions Dvd from Tim Sykes.

mudit1234
mudit1234 Jun 21, 17 1:26 AM

@robbysurfs thanks youre the second person whos told me so im gonna start watching all the video lessons. at first ive been puttin all my time into dvd's

Join now or log in to leave a comment
Received 6 Karmas
sebastrades
sebastrades Jun 19, 17 10:24 AM

@timothysykes im not trying to teach others Tim, just sharing my journey, ups and downs! I know I still have a long way to go

timothysykes
1
timothysykes Jun 19, 17 10:35 AM

@sebastrades sharing your journey takes time away from when you should be studying, you can easily still just post on Profitly and share that way, I see too many students trying to do too much, focus on learning to make $

sebastrades
sebastrades Jun 19, 17 10:55 AM

@timothysykes I appreciate the feedback!I spend 4-6 hours a day studying on top of a busy schedule, so I agree with what you're saying, but I wanna test the waters and see how it goes, plus sharing my trades with people might help me make better trades(if that makes any sense) #nodaysoff

Torkers
Torkers Jun 19, 17 6:19 PM

Have to agree with Tim - if youre time is limited this can easily take focus of your studying =)

Join now or log in to leave a comment
Page
of 4