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Cy Group Online Day Trading Proprietary Online LiveStock Today 1-2PM EST!

Posted by Timothy Sykes on Fri 15th of May, 2009 08:10:15 AM
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UPDATE: LiveStock is today 1-2PM EST, tune in HERE!

THIS IS A SPONSORED POST BUT I ONLY WANT TO FEATURE GOOD COMPANIES/PRODUCTS…IF YOU THINK YOU’RE WORTHY, CONTACT ME HERE

Normally I think prop firms–firms which give you $ to trade–are total scumbags, but I’ve actually only heard good things about Cy Group Online (if you’ve heard anything good or bad, please post a comment below!), so here’s a descrption of their firm:

We provide 100k of FIRM’s daytrading capital to new members. There are allowed to use this any way they wish to make their profits during market hours. Our platform is nasdaq platinum certified, a direct access trading software that hits many ecns and exchanges including new ecns like iseq, nsx, bx, and getco. These are all routes most professional traders haven’t even heard of. This allows traders to hit and be more liquid on their entries and exits. We don’t charge software or monthly desk fees. Remote trading from home is allowed.

To join all traders pay a 5k membership fee that can be refunded at any time if the trader plans to leave. There is a one time closing fee of 200 dollars when a members quits. Profit withdrawals are very easy, all automated online so no hassle of dealing with anybody when requesting your profits. We are all about being profitable and providing our members with all the tools necessary to maximize their profits in this volatile market.

One of the greatest advantages of joining a firm like ours is if you are profitable, and need more capital (example need 500k of daytrading capital) this can be arranged. All new traders start off at 98% payout. 2% of profits go to the firm. When the traders get profitable and need more capital etc, we usually negotiate so a larger chunk goes to the firm, 90/10, 80/20 etc… depending on how much capital the firm is risking. When brand new traders lose 3 to 4k right off the bat, we typically freeze the trader and let him go.

We have been around for close to 5 years now and keep trader satisfaction our highest priority. We are a team of professional programmers and traders that also trade along with our traders. If any more questions please don’t hesitate to ask. You can probably search our firm at sites like elite for reviews.

I know paying $5k upfront, using leverage & borrowed money ain’t something I’m about to recommend anytime soon–I hate debts/borrowing from others and leverage, but that’s just me, the ultra-conservative penny stock day trader.

By trading the firm’s money, Cy Group does allow you to bypass the pattern day trader rule, so while I can’t personally advocate them, their firm concept is one I gladly feature, hopefully the comments will below will shed more light on them as I know InvestorsLive in particular has good things to say…

CONTACT ME if you’d like me to put you in touch with them!

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  • Yes Tim, there's about 40-45 current members in chat who are using them and no complaints.... they help teach risk management as well - Just going from 5k and 3-4 trades a week to 5k and ability to take your loss and move on his a huge jump - there's no need to get the full leverage
  • and short list is great
  • Wes
    So there are no monthly fees? What about commissions?
  • Neal
    This sounds interesting to me. I wonder what their selection process is like. Great opportunity for someone with the skills but not much money.

    Thanks for posting Tim.

    Neal
  • Jacob Lee
    Thanks for this, i have been looking into the jump to prop or a more professional platform with access to capital. The retail side the software just doesnt cut it for me. Looking at their website, looks like they hit dark pools. They even have ecns that i haven't even heard of. Very interesting. I wonder full ecn rebates?
  • Their website states new traders only get 70% payout to start and can get as high as "high" as only 90%. Doesn't sound like a very good deal to me there are other prop firms i know of that have 100% payouts. Above in your article it say 98% payout which wouldn't be that bad.

    So.... whats the real #?
  • younggunz
    What prop firms are you referring to that pay out 100%?
  • Cameron you get 100% of profits made - there isn't any cut

    The only time there is a profit share is if they bring you on as a trader for the first and allow you to trade THEIR capital at ZERO risk to you - where you are then on a salary for $X/month +50% profits and absorb 0 losses

    There's no hidden/sketchy/fine print - their whole model is to scope out good traders and offer them positions to trade the firm's money, we have 45+ maybe almost 50 now after we had a webinar with CY Group again last week

    There biggest "catch" is there is a $200 dollar fee upon closing
  • I've been a member of Cy since December. I was the first person from the IU chat room to join. I've been very happy with them so far.
  • Jacob Lee
    I called them and they told me its 98% payout if i pay to be their member. And yes sounded like a 200 dollar closing fee was the only "catch". I am actually suprised i just found out another friend of mine is a trader for them. When I asked him he sounded like he had no complaints about them, he's been with them for a year now.
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Start Here

Who Is Timothy Sykes And Why Should I Care?

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)

How Can I Consistently Make Money In The Stock Market?

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).

Why Penny Stocks?

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.

Where Do You Find Stocks To Trade?

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)!

TIM Trades

View All
Date Stock Buy Sell Net
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $92,304 (644%)