See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.
Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)
Hard work, Determination and Know How.
Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.
Determination to seek those probable profits out and know how in order to actually profit from them.
Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).
As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.
This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.
Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.
To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!
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Tim will you be in the game? If you are, then no one can take away the prize. lol
nah i cant play, it’d be a conflict of interest, i’m just the ringmaster
Seems like if you live in Maryland, like I do, you cannot sign up to the UMOO website, hence cannot join the challenge… Dont understand why, but there are only 35 states that can be selected.
absurd gambling rules, funny that anyone can use 10,50, 100x leverage in forex but some dont allow simple games…pathetic
The problem with these virtual trading games is that they don’t really model the market that well. It’s pretty much impossible for them to account for real trading dynamics such as slippage, brokerage-dependant factors like short share availablity, difficuly in buying large blocks at ideal prices. In these games you can easily “cheat” by say, trading penny stocks in totally unreasonble sized lots or shorting stuff that would not be available to short in the real market.
I think the best way to make these as realistic as possible is to only use opening and closing prices (i.e. no day trades) and limit the size of trades based on the average daily volume of the stock (i.e…if the stock trades less than 100K, limit size of lots to 1K). The issue regarding shorting is difficult to program, as that is largely broker-dependent.
its just a game alex, every game is flawed in some way
snd i dont think we’re gonna be able to short penny stocks in the game, i think its s&p 500 only
who won the video challenge??
I signed up to UMOO a couple of weeks ago, but only played once. Only thing available are s&p 500 stocks like Tim said. Kind of pointless to what we do here.
new post:
http://timothysykes.com/2008/1.....-seminars/
Yeah it doesn’t relate to penny stocking but hell its a contest to try and win some real money. There are 800 plus alert subscribers. Lets say 25% actually enter the contest. Thats pretty decent odds for winning $10,000.