|submitted by allaboutforexworld to u/allaboutforexworld [link] [comments]|
This article will breakdown the top 16 trading tips you should consider , ranging from how you should trade, the risks you need to be aware of, how learning about trading can improve your trading performance, and much more!submitted by top1markets to u/top1markets [link] [comments]
1. Create Your Own Strategy
No list of currency trading tips is complete if it doesn't mention strategies. One of the most common mistakes beginner traders make is not creating an action plan. Figure out what you want to get out of trading. Having a clear end goal in mind will help with your trading discipline.
2. Learn Step-by-Step
As with every new practical learning activity, trading requires you to start with the basics, and move slowly until you understand the playing field. Start by investing small sums of money, and keep in mind the old adage 'slow but steady wins the race'.
3. Take Control of Your Emotions
Don't let your emotions carry you away. It can be very difficult at times, especially after you've experienced a losing streak. But keeping a level head will help you stay rational, so you can make competent choices. Whenever you let your emotions get the better of you, you expose yourself to unnecessary risks. Exercising risk management within your trading will help you to minimise the risks.
4. Stress Less
This is one Forex tip that sounds really obvious – because it really is. But guess what? Trading under stress generally leads to irrational decisions, and in live trading, that will cost you money. Therefore, identify the source of your stress and try to eliminate it, or at least limit its influence on you. Take a deep breath and focus on something else. Every person has their own way of overcoming stress – some listen to classical music, while others exercise. Listen to your mental health and learn what works best for you.
5. Practice Makes Perfect
Of all the Forex tricks and tips for beginners, this is the most important. You are unlikely to succeed at anything on your first try. Only constant trading practice can yield consistently top results. But you probably don't want to lose money while learning the basics, right?
6. Psychology is Key
Every trader is a psychologist at heart. When you're planning your next move, you have to analyse market movements and review your own psychology. You need to ask yourself questions such as:
7. No Risk, No Success
Not even Forex trading tips and tricks can guarantee you success. When you decide to become a trader, you should have already accepted the possibility of failure. In case you didn't – here's a reality check. You won't make profitable trades 100% of the time. Don't let false advertisements get in your head, either. Instead, be realistic about your Forex trading methods and goals.
8. Patience is a Virtue
When it comes to trading, this old saying is not just a cliché. True success is never instantaneous. It's the result of consistent work and planning. Many beginner traders look for an easy, fast path to profit. Don't bother – it doesn't exist!
9. Continuous Education
Each day you trade, there's a new lesson to be learned. Look closely at the Forex market and keep all the tips you have learnt in mind. Start analysing news, trends, and financial processes, and don't neglect the Forex basics. Most importantly, study, then practise and then study some more. Repeat this process often, and you will be well on your way to fully understanding the markets.
Studying will require a lot of time and effort, but it will pay off in the long run. For starters, Admiral Markets offers the opportunity for traders to benefit from a free education centre that offers Forex tips, as well as, a range of articles and tutorials offering tips, tricks, strategies, and more, for all kinds of trading.
10. Trends are Good for You
One particularly important Forex market tip to follow is to learn about trends. The ability to spot trends is a valuable one. While we don't recommend jumping on the trend bandwagon every time, but outright ignoring the trend is a recipe for disaster. Trends can show you what is coming, so you can pro-actively adjust your trading, rather than reacting when it's too late.
11. Seek Competitive Conditions
It's important to choose top-notch service conditions and get favourable spreads. If you're considering trading with Admiral Markets, there are a range of different options available. Why not read more about them in our account types section?
12. Plan in Advance
Forex trading is not a gamble – it's a strategic game. Carefully calculate your next move before you act. You can begin formulating a plan by asking yourself some challenging questions such as:
13. Know the Charts
You will be trading on many different markets and will need to quickly understand the information you analyse for each trade. There are numerous tools available to traders that make trading easier, but nothing is more time-efficient than charts. Charts provide you with fast access to numerically-heavy data in the form of a simple visual, so you don't have to scroll through it.
14. Don't Run out of Chances
Eagerness is good, but there is a limit to everything. If you trade too much, you are probably harming your chances of achieving success. Why? Because overtrading usually leads to weakened focus and careless trades. As you develop your trading plan, indicate the maximum amount of trades you will make per day or week.
15. Greediness Leads to Risks
Greediness can make you take unnecessary risks as well. Set the maximum loss and desired profit within your trading plan. When you hit this level, stop and don't go for another trade. When it comes to fund management, this is one of the most important Forex tips and tricks to follow.
16. Use Stop-Losses
Our Forex daily tips don't just focus on general recommendations. We also want to mention valuable tools, such as the highly rated stop-loss. Not setting a stop-loss is basically giving you an excuse to keep a bad position open (because you're hoping that the situation improves). But bad situations rarely improve, and neither will your capital if you don't wise up fast.
A correctly placed stop-loss eliminates the risk of losing all of your money on a single bad trade. The stop-loss is especially beneficial when you don't have the ability to close positions manually.
6 Reasons To Open An AccountMulti-language 24/7 professional support
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https://preview.redd.it/puupl5zvfzb51.png?width=1200&format=png&auto=webp&s=5be084fbcca145f34ea8749722a504d19c5bb828submitted by livingfromtrading to u/livingfromtrading [link] [comments]
A quick shot on DAX at the London session.
1 minute and my trading day is done.
That's all you need, 1 trade per day.
Avoid overtrading and your results will improve a lot.
Learn how to trade and join my trading team.
Start by getting a free trading course here:
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Guy Gentile one of the best Day Trader and blogging expert from Puerto Rico. Here in this blog he provide some important facts about placing a stop-loss in online trading.submitted by guygentiletrader to u/guygentiletrader [link] [comments]
Traders will do a lot of things to avoid losing trade. One of those and an essential step in every online trade is placing a stop-loss. Online trading is as risky as it is lucrative. Some trades will cause you to incur losses, even when you executed them perfectly! Price movements are unpredictable. The irony, however, lies in the fact that without taking risks, you won't make a good winning. So to ensure these risks don't turn into losses, stop orders are placed. With a stop-loss order placed at $50, whenever the market falls to $50, or you incur losses of that value, it will automatically pull you out of a trade to prevent further damage to your capital.
Here are 4 facts about stop losses you ought to know beforehand:
1) Don't Place Mental Stop-Losses: Seeing professionals study a market in their heads and place a stop-loss in their minds, is a nice plot for a movie. In real life, this seldom plays out; and even if it does, it is due to sheer luck! Although possible, mental placements of stop orders require a lot of experience and a strong understanding of price movements. Place actual stop orders, till you are amply experienced and skilled.
2) Stop Orders Divert Your Attention: When you first enter the online trading markets, your eyes are fixated on profits. The desire to win is what brings you to foreign exchange, and 7 out of 10 times, this desire is what births losses. Stop-losses do a great job of capturing your attention to the negative side of each trade. This makes you focus more on avoiding losing money rather than chasing it.
3) Stops Ensure You Don't Get Carried Away: You are like a hot air balloon, waiting to take off, and a stop is an anchor holding you down. Getting carried away is a common trend noticed in Forex. One profit will push you to take more risks and attain another, and this cycle will go on endlessly. With a stop order in place, you avoid overinvesting and overtrading.
4) Be Precise With Stop Placement: Trading is a field of experimentation. From picking the best currency pair to finding the most profitable strategy, it's all trial and error. Most traders experiment even with stop orders! While on a good day you might escape bad trades, some days you won't. Without precise placement of these, you can suffer huge losses. Place stop-losses exactly where trends indicate a price collapse.
Be it online, stock, or CFD trading, the element of risk remains the same. A bad trade can effortlessly topple the good ones! Only with proper placement of stop-losses can you expect to emerge successfully.
For more Tips and updates keep following Guy Gentile.
submitted by TheoryofIdeas to Forex [link] [comments]
https://preview.redd.it/8uc3berff2g11.jpg?width=1200&format=pjpg&auto=webp&s=56b0505f79db9ada8014c84d345cd0c0025f14f5submitted by PrimeTradeAI to PrimeTradeAI [link] [comments]
The Best Six Crypto Trading Strategies Revealed
Cryptocurrency also called digital currency, virtual currency or alternate currency is emerging as the future of money. The crypto world provides an enormous return on investment for traders to flourish and prosper. Due to the decentralized control and the blockchain technology, people find crypto trading to be more transparent as it doesn’t require a central authority.
On the other hand, the crypto market is very sensitive and security breaches can happen at fraction of a second. There are many hacks that happened in the crypto market that shook the world. Bithumb was hacked at June 2018 and $30 million coins were stolen. These incidents are a mounting evidence which proves how violative is the cryptocurrency market. This article will unveil the top trading strategies that can be used for both stock market and cryptocurrency trading.
Scalping is the act of attaining huge profits on minor changes in the asset(coin). Traders who implement this strategy is called a “scalper”. Here the scalpers believe that small moves in the stock price can gain huge profits. The idea is to buy or sell a number of assets at the holding time and sell them higher or lower for a profit. This scalping strategy is perfect for intraday trading.
Technical analysis has to be done before scalping and a scalper spends 8-10 hours in the forex market. A scalper should be proactive to take advantage of the fluctuations in the market. Scalping is more trending in the cryptocurrency market due to the fluctuations in the price of the tokens. Scalping if done statistically keeping in mind of avoiding late entries, overtrading and late exists, scalpers will be able to reap the desired profit in the cryptocurrency trading.
Day trading is the most lucrative strategy for people in both the stock and crypto market. This trading is quite similar to the scalping method. The difference is in scalping there are hundreds of transactions done whereas in day trading only very few transactions are done. To be precise, day trading is buying or selling of assets on the same day, to make the most of the market fluctuations. Traders make the most from the minute changes of the price of the asset/coin.
A day trader can make double the profit which means he or she can gain more money from the original money they have spend. Here the holding time is eliminated as the traders hold their assets to a maximum of 2 hours per day. This day trading strategy for cryptocurrency would work only if the market is stable.
Range-bound trading is the trading capitalizing on stocks in price channels. This trading is widely used by forex traders and other traders. The concept behind the range-bound trading is identifying the support and resistance areas in order to connect reaction highs and lows with a horizontal trendline.
The reliability of the trendlines depends on the number of times the price has reacted to it. The method is traders repeatedly buy at the support trendline and sell at the resistance trendline until the security breaks out from a price channel. In range-bound trading, it is imperative for the traders to watch for potential breakouts and breakdowns.
Swing trading is similar to the day trading. In day trading the holding time of an asset is a maximum couple of hours a day whereas in swing trade the holding time can extend up to a week or couple of weeks. This type of trading involves in identifying the trends lows, highs and calculating the risk. Before jumping into the swing trading a lot of market analysis has to be done by the trader. A sound technical analysis is needed than day trading. Using this strategy in cryptocurrency is based on the estimation of the trend line and when it is going swing high.
Position trading is also called as HOLDing, where an investor holds on his assets through its highs and lows without the intention to sell it. The concept of HOlDing is just buying the coins and put them in your wallet. The investors do not involve in any transactions from months to years and only sells his coins with his own intention or find a threat to his asset. A position trader is neither worried about the market fluctuations nor bothers of the daily, monthly news of the crypto market. This position trading is implemented once or twice a year which makes the trader a long-term investor.
Arbitrage is the simplest method of trading. The concept behind this trading is buying a coin from an exchange where the price is lower and selling it in another exchange where the price is relatively high for that particular coin. The price difference marks the profit gain for the trader. This kind of trading is widely used in the crypto market as it doesn’t require any technical knowledge to perform it. Arbitrage trading can be automated and can be performed by a bot. This trading may present a lucrative window of opportunity to generate passive income for the newbies entering the cryptomarket.
|So you've managed to be in the green during the years when any idiot could throw darts at a dart board for stock picks and derive gains. What happens when a bear market comes along?||LOL I love my haters/doubters, why are u all so inept? I do BETTER IN BEAR MARKETS, I'M A SHORT SELLER YOU MORON! LOLOLOLOLOL.|
|You also manage less than $4M and only have $1M in your trading accounts right now. I wouldn't trust a lot of the people I know with more than that in their accounts for advice (and neither would they, that's why their money is managed by others). So, what exactly is it that makes you qualified to give advice for long term success for other investors to follow you?||I could trade with $20 million and probly make $10-15 mil/year but then i wouldnt be able to teach which i love more.|
|Do you know the success rate of all of your subscribers as a whole, including the ones that didn't stick through your "program", do you have any stats? Not just the two millionaires?||U can see alll my students trades, add up the profits, go fetch, Link to profit.ly|
|LOL I love my haters/doubters, why are u all so inept? I do BETTER IN BEAR MARKETS, I'M A SHORT SELLER YOU MORON! LOLOLOLOLOL. As a sell-side analyst who has worked on Wall Street for several years and has met analysts and portfolio managers at the largest hedge funds and investment banks in the world, I'd like to ask everyone reading this a question: would you entrust your life savings to a guy who talks like this? Do you think the people at Goldman Sachs or Third Point talk like this?||The good thing is i dont manage other people's money, all i do is teach lessons i've learned over 15 years...ignore my rules at your own risk, nobody forces u to learn them...|
|How did that hedge fund you started work out?||I was the #1 ranked short bias hedge fund for 3 years and then tried investing as i got too greedy...overall made 2%/year over 4 years, still #1 ranked in my category, see details Link to tim.ly i accept your apology for your laziness.|
|I do BETTER IN BEAR MARKETS. Have you traded in a bear market before? Because to me it looks like you started trading shortly after the crash. i could trade with $20 million and probly make $10-15 mil/year. Then why not put more money into your trading account, it's not like holding more than half your in assets in cash is somehow going to improve your awesome performance? but then i wouldnt be able to teach which i love more. If you love it so much, why don't you offer it at a more discounted rate than $1200/year per person? For that much money most people could buy all the best investing books on the shelves. Are yours somehow better than everyone who has come before you? As well, at $1200/year, if you only have 10k in your account, that's 12%/year. For 12% a year you could hire some of the best money managers in the world, or even for a flat rate fee, you could find at least a half-decent financial planner. What advantages do you offer over those people? u can see alll my students trades, add up the profits. After factoring in relative risk, and performance relative to the market, how does this fare? I mean if all your students at so successful why not display that front and center on your page, I'm sure it'd draw in more customers and there would be more faith in your advice. Your own success and the success of a few hand picked students isn't a lot to go on. How do you become a better sprinter, do you ask the world's fastest sprinter, or their coaches? Do you judge these coaches based on the performance of the most skilled students (who likely had an innate ability to begin with), or do you assess them based on the sustained increase in performance across the board, relative to other coaches? Generally the guy with $500k in his bank account is going to have an easier time making 1M than the guy with $5k in his account is. I'm not hating on you, I'm just asking why some of this data hasn't been gathered to show just how successful your students have been, relative to the rest of the people in the markets they've been trading in. go fetch. Are you aware of what selection bias and survivorship bias are? Also have you considered offering a full refund for people who have blown up their account after buying your books? Where do you see your investment future headed with these sizable gains so quick in your short career? Do you think your performance will compare to that of Berkshire Hathaway, or the Medallion Fund in the long term?||Yes i've traded bear markets, i made my 2nd million dollars 2000-2002, u have a long comment but u didnt bother researching me so i have no time for lazy people, sorry!|
|In the wake of Flash Boys, if you could recreate the market to your specs how would you want it? Single exchange? No maketaker? No darks? Trading pauses? Cancel fees? No Internalization?||People whine too much, i could care less about HFTs.|
|Why does google have more scam accusations than success stories when I search your name?||Because i expose scams and those scammers spread lies...already sued one penny stock promoter and won, but their skillset is spreading misinformation on the internet so it works well to smear me...but they couldnt stop Link to tim.ly or Link to tim.ly and as i create more millionaires, more people will realize i'm 100% right...until then let the haterade flowww.|
|I love how so many of the people asking questions here are ~5 hour old accounts...Got a bunch of your students pumping and dumping your AMA too?||I just sent the link out to everyone we dont give a crap about reddit, stupid hater.|
|My question keeps disappearing for some reason. ??? On a $15,000 account, what position size ($) would you risk, max, and what % gain target would you shoot for to minimize risk in partial fills/no-fills? I know this depends greatly on volume.||I answered it in long before, no time for double questions.|
|You are quite the heartless prick. You publicly laugh at all the traders when your short brigade tanks a stock price. Has anyone recognized you in public, walked up and threatened you?||Nah actually everyone who meets me is very thankful for my tireless work and EDUCATION...anyone who hates on education deserves to be poor.|
|Do you want to eventually settle down with a wife and have kids and get out of the spotlight?? And do you ever get tired of the fame?||Of course but i never get tired of trading/teaching.|
|What indicators do you use to find earnings/contract winners? What news sources do you read through? How do you find them?||Go watch Link to timothysykes.com|
|2pac or biggie?||Eminem.|
|If you're so fucking rich why do you need to sell shit? Why did you make this AMA? To get more customers. Those who can't do, teach.||Link to www.timothysykes.com|
|You're a typical lazy, inept hater, u accuse before u do research, sad.|
|Tim, big fan, love the instagram photos. Quick question, why not use options to position for trades (assuming they are availalbe in a particular name at all), rather than long/short? I've had problems getting margin approval (long story) even though i make six figures a year, so buying calls and puts is where im at right now. thoughts? Less serious question, "on a scale of Moses to Hitler" (Andy Samburg quote), how Jewish do you consider yourself? Favorite brand of coffee? Favorite toy?||My stocks arent usually optionable, oh how i wish they were :) i dont drink coffee and no time for toys.|
|TIM SYKES. If you had a son or daughter, which majors would you want them to study? STEM field? Liberal arts? Other. Pic related: Link to i.imgur.com.||College is useless, I'd want them to live and learn in the real world.|
|How was the conversation with Wolf when you guys ended the little Twitter war? What caused that whole mess?||It was me probing whether he was a stock promoter or not and i'm confident that he's just a naive newbie.|
|Are you familiar with BullsOnWallstreet? What do you think of their trading education, chatroom, and hedgefund?||Yah, nice guys but i dont know their teachings/track record, try to get them to post publicly on profitly.|
|What % of your income is from trading, what % from subscribers/dvds/marketing etc.?||Link to mixergy.com|
|Hi Tim, what advice would you give a new trader with a very small account ~$500. on the best way to grow the account over time?||Focus on volatile stocks and realize my top student started with just $1500 and turned it into $1.71 million in 3 years...anything is possible if u study and work ahrd.|
|Tim, what is the tech analysis software you use in all of your video lessons. Is it thinkorswim?||Its Etrade PRO but I don't recommend them -- I only use them as I'm superstitious and have made too many millions of dollars with them over 15 years...Otherwise I'd recommend Link to stockstotrade.co as it has great scanning/screening tools too.|
|Tim, as happy as I've been with my Silver sub so far, I was a day trader for four years in forex and am a bit burned out on it. But I do love swing and positional trading and have really fallen in love with options over the last six months. Right now I am thisclose to buying Tim Longterm. Do you get a lot of optional stocks in the TL program?||Cool yes timlongterm has more optional stocks.|
|How did you become interested in the stock market?||Read Link to timothysykes.com|
|How has your self-made wealth changed your lifestyle?||Yes i live very well now :)|
|Where do you see yourself in five years?||Depends how many millionaire students i can create.|
|Was trading stocks your first career choice?||I never thought about careers, i just made a ton of $ when i was young and liked doing that so i wanted to do it more.|
|Tim, I've been a silver sub for about three weeks now and have made some nice trades and done well so far, including a sweet +13% on ARTX (would have made more if I'd waited for it to break support). But I haven't seen any of the big-spike penny pumps happening so far. How often do you see them happening?||Cool, big spike penny pumps were every day in dec, jan, feb...they'll be back but u just missed the busiest season in 15 years.|
|How would you invest / what would you buy for $100 ?||I'd buy a good sushi lunch for that amount, it's too low for stocks.|
|How much does it cost to become one of your students?||Go look Link to timothysykes.com prices rising soon too so i'd lock in current prices for life if i were u.|
|I should've clarified, how much is it to become one of your millionaire challenge students?||Depends, we offer different options, gotta apply and be accepted first anyway.|
|Differences between the Tim Sykes Challenge and the silver membership?||See Link to timothysykes.com|
|Do you regularly give talks/seminars at colleges and universities. Would you ever consider coming to a smaller university to give a lecture on stock trading and smart investing?||Yes hit up Link to timothysykes.com|
|What do you think about forex? I just started larning about forex, because here in méxico there is not much information about penny stocks; and As i said before I want to make the amount to take you challenge.||Too low odds of success for me to care.|
|How backed up are your email responses for trader challenge requests? And what is the difference between silver and being accepted into the challenge. And by differences i'm referring to benefits.||75,000 emails or so.|
|Thoughts on fspm?||Below technical resistance so its irrelevant.|
|When you were growing up Tim, in your teens, did you look into the future and want to be wealthy? Was it a dream of yours to be where you are today or did you decide so much later on?||Always wanted to be wealthy, thought i needed to go to a good school & get job on wall street to make it happen.|
|When you first started out.. How did you handle the stress when you weren't trading? I'm having some crazy up days $12k+ and then when I make a shitty trade and lose $3k I wanna throw something...||No stress if u stick to rules...i didnt have rules at first and that was stressful...i didnt have a mentor either...luckily for u with me in the picture u now have both :)|
|Dear Tim, I have a dream of making an automated trading machine out of your system, I have experience and the trading floor access. In your opinion, why shouldn't it work ? (I can automate: market research, stock picks, technical indicators, risk management, money management etc.)||Do it up, i'm sure it would work I just havent had the time and I'm more interested in teaching people to be self-sufficient.|
|When did you start trading?||Go read Link to timothysykes.com and stop being so lazy.|
|Would you accept a deal to start being your student? I sent an email but i'd like to know what do you think, if the answer is not, it's ok; but i want to know what do you think;||No time for deals, only looking for dedicated students.|
|Any plans to expand the conference / speaking opportunities for you and your other gurus? I loved the Vegas event and think there is a large opportunity for smaller, regional Saturday events. Thoughts?||Ha nah in person events are a biatch, focus on online teaching is better.|
|I have to ask how often do you check twitter for hot news/tips? Also have you heard of Mark Gomes he is more like long term investor. I can't do margin on my ira so lose out on a lot of opportunities when trading. Gotta let the funds settle.||I could care less about news/tips, I'm ALWAYS searching for good patterns though.|
|Amazing call on artx I'm now number 1 in my finance class stock game||Nice!|
|I'm 23 years old, looking for stock investment options. What type of stocks should I be looking at with about $500 to spend?||Nothing, forget about investing with $500 and learn trading, watch these free videos Link to tim.ly|
|On a $15,000 account, what position size ($) would you risk, max, and what % gain target would you shoot for to minimize risk in partial fills/no-fills? I know this depends greatly on volume.||I am more aggressive in my trading when my account is small, I'd use 30-50% per play but watch the play like a hawk...for example I shorted ARTX yesterday at 4.50, today it dropped to 3.90...if i had $15k I would've shorted 1,500 at 4.50 and tried to cover at 4ish today to lock in $750 profit...then rinse and repeat and gradually grow the account.|
|How much money do you have in your checking account right now?||I dunno exactly, a few million last time I checked.|
|How often do you take money out of your trading account to spend? monthly, quarterly, annually or as needed?||Annually.|
|Hey Tim I am a big follower of yours on twitter and am considering purchasing your news letter. I got lucky and got in some marijuana stock in November and pretty much didn't look at it until February when I sold. I quickly found out how lucky I was afterwards by not taking profits on other stocks I had purchased. I was looking for another 10 bagger and quickly realized how rare it is for that to happen. My question for you is what type of percentage gains do you look for before securing profit?||Nice, normally i go for 10-30% gains, watch Link to tim.ly|
|What is the best product on your site to strictly see your stock picks? The best bang for my buck?||My newsletters at Link to timothysykes.com but picks do little good without knowledge/education behind WHY I am trading them.|
|Last one from me. I know you say to not be long before ERs but what do you think about Facebook with their upcoming ER ? Last time they jumped $10 but with the WhatsApp acquisition their stock has fallen back to where it was before last ER.||Don't guess on earnings.|
|You say college is useless, and I agree. What do you think should change in the education system to make it more relevant?||I'm doing EXACTLY what i think more teachers and their students should be doing.|
|What's the douchiest thing you've ever seen?||Too many characters needed, basically any Wall Street/Murray Hill party/event.|
|What would happen if too many people caught on to your short sale strategy? What strategy would you then adopt?||I was hoping that would happen when I first got into teaching so I could get more sleep! Sadly only a few people take the time to learn...I also buy and am up 100% in 4 months in 2014 mostly buying too.|
|Where can I find more information about the event in Harvard? Just moved to Boston.||U cant it sold out within minutes but we'll have it recorded for ya!|
|Thank you for the AMA and your reply. I bought your DVDs recently, but haven't finished. What ratio would you say your income is based on, trading vs. teaching? I ask because I think I would prefer teaching, but I need to learn first. So should I be learning to teach, or learning to just invest personally?||Teaching vs trading is something like 10-1...the cool thing is EVERYONE wants to be rich, the sad part is not many are willing to study hard to get there.|
|Hey TIM, I am a Pennystocking Silver member for about 2 months now and have been trying to figure out what is the maximum size position you can take when long on a stock? How do you know when to buy 100 shares or 100,000 shares? I have been making sure not to buy more than 2% of a stocks daily trading volume, I think I heard that in one of your DVDs, is that accurate?||There is no set maximum or minimum, every play is different...just gotta be comfortable and understand your risk/reward BEFORE making the trade and then stick to the rules during the trade.|
|Any recommendation to control overtrading? Btw I am flying all the way from Miami to Boston to be at Harvard on saturday, someday not too far I will be one of your top students :)||As I say in my Link to timothysykes.com DVDs, I try to think of myself as a retired trader who only comes out of retirement for the perfect setups when I know I'll feel guilty missing...otherwise I'm retired ALL the time, understand?|
|In An American Hedge Fund you mention that you met a trading coach at a large hedge fund you were interviewing for. Later you said you bought all his books. Would reccommend his books/ mind sharing his name?||It was Dr. Ari Kiev, sadly he died, but he's written some great books, use Google.|
|Besides your book that I enjoyed, do you have a few other books you would recommend?||Yes go read Link to investimonials.com|
|How did you know to short it since it gapped down right at open?||I shorted yesterday, see my video lesson I sent out mid-day yesterday too.|
|How long do you think BIOF will stay up before it will start going down? and what is holding it so far?||Irrelevant chart pattern, gotta focus on Link to tim.ly patterns if you want better odds.|
|Tim! Which actress do you think is the hottest? I like Scarlett Johansson a lot! (and thanks for changing my life!)||Nobody can compete with my girlfriend :)|
|Make sure she reads that post ;)||I will :)|
|Who would win in a fight you or superman(supertrades)?||Superman, he's strong and fit, I'm overworked and out of shape.|
|Here's my question: What is your favourite stock? Also you should come into this chat: Link to webchat.freenode.net. It is the official unofficial chat for /wallstreetbets -- a sub which adores your trading style. Thanks for taking the time.||Link to tim.ly|
|Hey Tim, huge fan, ive watched ALL of your DvD's expect for the how to read SEC filings. And i've been following your exact strategy for finding stock picks that you showed in your TIMfundamentals part deux DvD but i never find the same one's that you trade, for example ARTX did not come up on my watchlist. Did you change your strategy on finding stock picks? If so, what's new?||Link to profit.ly|
|Have you ever considered world domination?||Nah thats boring, my focus is world education.|
|I haven't read all about the challenge information yet, but how much is the amount I have to bring in ?||Different for everyone first u need to apply and get accepted Link to tim.ly|
|Can you make a gif animation of you flying to da moon and post it every time you tell us your stock picks?||Sure I'll put it on my to do list.|
|Tim I am I college student and I started trading this year mostly because of your story. I have bought into the company TWD (tweed marijuana inc.) Do you have any suggestions for me? Ps, they're all just haters.||Cool, the companies don't matter and TWD's chart is a mess, focus on Link to tim.ly patterns.|
|Right on, is the Vegas conference going to be a DVD also this year or is that the video you are talking about? BTW can't wait for the conference this year hopefully its the best one yet.||Nah brand new DVD going over all the basics.|
|I'm low on funds so more newsletters or getting equity feed? About the same price so just pick one||Data is cheap, good information from newsletters is more useful, use Link to tim.ly sale while its still on.|
|Hey Tim, I was accepted to your challenge but was unaware about needing $7500 to begin. Any way around that? I think what you do and how you help people is great. I'm guessing you have someone answering your emails so I thought this was the best way. Thanks.||Gotta invest in your financial education, my program is a steal given the value of what u learn...skimp out on everything in life, but not education.|
|To start off, you are my biggest inspiration for trading stocks. That being said, in the future I would love to trade with you like Tim G and your other students in the Maldives or other crazy places you go. I currently trade my own strategies and am making pretty good money. Do I need to become one of your challenge students to hang out/trade with you?||Yup Link to tim.ly students get first dibs on everything.|
|Hi Tim, TimAlerts subscriber here, When you started out with $12,500 what was the lowest your account went to in the beginning, did your ever drop below $10,000 ?||Go and look at the first 1,000 blog posts on Link to timothysykes.co i tracked EVERY trade.|
|Hello Tim, Big fan here & Silver Subscriber! Been watching a lot of your videos and I've read your book. I live in Denmark, so a lot of brokers won't accept me as a customer. Only broker I can find is SureTrader. What do you think?||Cool i use suretrader they have shorts every now and then.|
|Do you lift?||I used to, no time now.|
|Tim! I've been following you now for a while and have learned a great deal from you! I live in Boston and would love to come see your talk! Is there ANY WAY I can get a ticket??||Cool, sorry my Harvard talk sold out within minutes, but it'll be recorded.|
|What trading platform do you use?||Read Link to tim.ly multiple brokers.|
|What is the best path i should take if i want to be sitting beside you on your next yacht adventure?||Apply at Link to tim.ly then study your butt off!|
|Do you watch game of thrones? If not you should get on it.||Yes its great, wish I had more time to watch them all a second time.|
|What do you think about the wild west of cannabis stock trading and do you think that it stands apart from the internet .com boom since it is ACTUAL product as opposed to a dozen guys in an office? Are they good for long term investments aside from possible law retractions being an obvious danger?||Just the latest stock market sector craze, little different from nanotechs, 3d printing oil, gold, ethanol, alternative energy...pump and dump, NOT longterm holds.|
|How long will your 60% off newsletter be on? I want to buy it but my money is locked up in the market and will take about a week for me to have enough to get it. tia||Just a few days more we cant have Link to tim.ly sale last forever!|
|Thanks for doing your AMA Tim! I currently am a TimAlerts subscriber and saving money to start trading some day as a (succesfull) European student of yours. I saw you are going to speak at Harvard in a few days, will there be a video of it afterwards?||Cool yes my Harvard speech will be recorded!|
|Why are they not longterm holds? because its the early stages of the industries development?||Theyre mostly scams and pump and dumps, development my ass LOL.|
|Any plans on doing a seminar anywhere on the West Coast some time soon?||Yes hit up Link to timothysykes.com to be added to the earlybird list.|
|Question - how did you manage to post losses of almost 40% in '06/07 when the market was doing so incredibly well?||I'm a short seller for one and second read Link to tim.ly I detail my losses in depth.|
|Timothy. My mentor. Why your loosing trades show profit in your page ? 4/10 MDBX $23.25 $22.1 $4365. Tell me how you enter at 23.25 and exit at 22.1 making $4365 in profit please. You have to teach me this magic !!||It's called short selling you incredible nitwit.|
|How much money do you make in a year from your DVDs, trading challenge, and subscriber alerts?||Link to mixergy.com|
|I lost 70% on SPLI, 40% on ERBB, and, 40% on MYEC, and 30% on MINE, should i hold?||Sorry to hear, they can always come back, but I wouldn't bet on it...gotta learn my Link to tim.ly rule #1 cut losses quickly.|
|I'm a college senior. Would you recommend me working at an investment bank or tech startup?||Do both, make connections everywhere.|
|What characteristics do you look for when people apply to your "Tim Challenge?"||Dedication, ability to follow instructions, hunger for immense wealth.|
|How many cars do you have?||I have 2, a Lamborghini and Porsche.|
|Is e-gear hard to drive? I have a automatic setup on my cayman s.||Nah its easy.|
|Can you annotate a chart of any instrument with price action or indicators?||Yes.|
|Tim, you have mentioned you have students from outside the US. Have you recommended them any brokers in particular or do you happen to know witch they use? Trading the OTC seems to be a common problem for us folks outside the US. Any input on this would be appreciated.||My preferred Link to tim.ly all accept international customers.|
|Hi Tim, NEWBIE. What brokerage account do you recommend? Thanks||Read Link to tim.ly|
|Actually didn't know that. Thank you for your time Tim.||YES!|
|Can my girlfriend borrow $500 to adopt her dog?||Nope.|
|Hey Tim, I am a Pennystocking Silver subscriber and newbie to trading, and have been studying your teachings for about a month. Thank you for doing this AMA. In your book you say that the most valuable classes you took in college were micro and macro economics. I am an econ major and am curious as to how you apply econ theory to trading. Why do you value those classes so much, and what is the most important economic concept you apply to trading?||Cool always important to know supply/demand, that basically sums up all of penny stocks.|
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