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Raylbc27
1
Raylbc27 Mar 11, 3:09 AM

Maybe should start trading with a paper account for awhile until you feel confidence again.. Are you reading books like chart your way to profits or trading for a living or Have you looked at Tim videos? There is ALOT of multiplication going on so you need to be ready to turn the other way on a dime. Check out this book. I had to read em to get an idea how to think and how this market game is really played https://www.amazon.com/gp/product/0071614133/ref=as_li_tl?ie=UTF8&tag=akim1121-20&camp=1

Raylbc27
1
Raylbc27 Mar 11, 3:14 AM

And just to let you know i was just trading to be trading 10 years ago until i found this chat and was down close to $20,000. I took a step back for a 6 months and did nothing but read those books and paper trade and i saw my gains were getting better and eventually i got my $20,000 back and more. You have to go in a trade WITH A PLAN. If the plan don't work you cut loses quickly! There will always be another trade..

8Munstercheese
8Munstercheese Mar 11, 11:20 AM

@Raylbc27 & @zinedu5.. Ray you are exactly right. I need to trade with a better plan. A lot of my plan does not consist of losing. Cutting losses is a lot easier said than done. Yes I've I watched all four of Tim's DVDs I have. Tim makes it look so straightforward and simple. I get excited. I realize how naive I am when I start researching my own tickers. The patterns are not easy to spot let alone predict. I know I'm lacking fundamental knowledge as far as market cap and float and shares traded

8Munstercheese
8Munstercheese Mar 11, 11:26 AM

TAB. I love it! I certainly need to find a pattern that works for me. Recognizing it and order execution is a huge problem for me. I will learn these patterns. You both you have no idea how much the support is appreciated. I'll be buying all the recommended books. And yes I'm planning on six months of study before I make naive trades. Thank you so much, you guys are awesome!

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haafamillion
1
haafamillion May 04, 19 10:29 AM

Those guys have always been there. Maybe they've finally optimized their SEO and google is trying to "help" you. I'm seriously considering Penny Stocking Silver again. Study all the videos on Breakouts and Supernovas. Till then, I'm reading every blogpost and watching every YouTube vid by Sykes.

zinedu5
zinedu5 May 05, 19 7:05 PM

Thank you for your post. I've been following your posts and you write cool stuff. yeah there are so many penny stock gurus but most teach the wrong stuff(e.g use market order, buy a stock after three strong green days etc). I see these and I thank my luck for finding sykes. I've most sykes DVD but from I heard from other sykes students, roland wolf DVDis very good. Do you have his DVD?

kobayashimaru
kobayashimaru May 06, 19 3:21 AM

@zinedu5 No I do not have any of Wolfs DVD's yet but will look into it, thanks

kobayashimaru
1
kobayashimaru May 06, 19 3:25 AM

@haafamillion Keep at it and it will pay off in the end, for me I find staring at the charts helpful, visualizing the price action as it plays out and trying to memorize the patterns. Along with the endless studying 😁

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Received 1 Karma
Pops62
Pops62 Mar 11, 19 6:58 AM

Over analysing is something we all go through. Everytime I take a loss that is bigger than I think I should have taken, I go through a phase of fear to pull the trigger.

Pops62
1
Pops62 Mar 11, 19 7:07 AM

I get it nobody wants to go back to paper trading after trading from your account, but remember Sykes recommends doing just that when your not being consistent. I have not watched Trading tickers yet. It is high on my to do list! keep studying, keep your head up. It will come to you, I know it!!!

kobayashimaru
1
kobayashimaru Mar 11, 19 4:32 PM

Simplicity, Fluidity and Flexibility are the best plans. Your mind for trading must be like water

heidiv83
heidiv83 Mar 11, 19 4:49 PM

Thanks for the comments all, I really appreciate them!

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Buldozer
Buldozer Oct 08, 18 10:36 AM

How long have you been into penny stock trading?

zinedu5
zinedu5 Oct 08, 18 9:45 PM

Since 2016. I was in post-graduate school when I found Tim Sykes, so I was just watching his video lessons and I bought HOWTOMAKEMILLIONS DVD, no trades. Until early this year decided to take it seriously and started paper trading, been paper trading for 10 months. why do you ask?

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