The key to becoming my next self-sufficient http://tim.ly/sykesmc student success story is studying/reviewing patterns that work time and again and adapting future trades to profit from these opportunities so use the weekend to study up and be better prepared for next week! Subscribe: https://www.youtube.com/user/timothysykesdotcom?sub_confirmation=1 to get INSTANT alerts when I post a new video outlining my penny stock trading techniques.*
0:05 Hey Tim Sykes here, and it is the weekend. I use the weekends to study, to prepare for new potential plays, and also to review, you know, some recent trades, what I've done right, what I've done wrong, always trying to do better in the future. My last two trades made a few hundred bucks each. Two former Supernovas.*
1:00 First let's talk about JVA. So this was, you know, the stock was doing nothing in the low fours they reported earnings, beat estimates on revenues and earnings, not that I care about the estimates, just that, you know, it's a good headline, and frankly, this stock spiked very much very quickly.
1:30 My next trade, DPW, former Supernova just recently, when it went from 70 cents to five bucks, so I'm looking for these former runners because they can become runners again. With not that much effort, with not that much news, okay?
4:00 There are a lot of chat rooms that say: "Bought this ticker." Because they want everyone to follow them. Never follow my alerts, never follow my trades. Never follow anybody's alerts, never follow anybody's trades. You need to learn to be self-sufficient.
6:00 I got a great morning dip buy on Thursday. On Friday I missed it, but both opportunities would've made a nice 10 percent. DPW was my latest play.
8:00 I was giving a challenge webinar, and I was like, it just doesn't have, you know, the spike ability. It just doesn't have the oomph needed to spike to the 80s or 90s or even a dollar.
9:00 You can always put out the plans, but also adapt. I think that's probably today's best lesson, between JVA, which hit my plans, and I took profits because it hit my goals.*
10:00 I have thousands of stocks catalogs in various video lessons, so I know what to expect on ever chart pattern. If I'm buying an earnings winner, if I'm buying a former Supernova, if I'm dip buying a morning panic, if I'm shorting a pump and dump, I base everything on backtesting.
10:30 What I've personally experienced my own trades, and what I see students doing well with, or not well. So that is why I always try to get you guys to study hard and study the past, 'cause that way you can plan better, and you can adapt better.
10:45 Anyways, that is today's lesson. Leave a comment underneath this video. If you understand the lesson, always adapt, always review your trades, good or bad, especially on the weekend, and we're always looking to get better, not just about making more money, but refining your process, you know, having better plans in the future.
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/.