My trading challenge is creating a scandal among college attendees since my students are beginning to earn six figures after less than years of study while paying a fraction of what the typical university costs….

Download a PDF version of this post. One year ago today I closed out what at the time was my biggest winning trade ever, vaulting me from being a losing trader to a profitable one.

I spent September and October clawing back up to break even before this trade on AMWI put me back in the green.

This past year has been incredible, far exceeding any expectations or goals I had for myself. Check out my profit.

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The performance is just too consistent. Why is this a good opportunity?

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Why did Tim pick the entry point that he did? You will not be consistently profitable with this strategy, if profitable at all.

I personally believe there are four brokers worth using. For buying pumps or OTC stocks, use either Speedtrader USA. Yes it can still be difficult to short some pumps at these brokers, but your odds are far better than anywhere else. If you want to be prepared when the best trade setups come along, having the right brokers is crucial.

Tim teaches a lot of different strategies, and trying to trade them all at once can be a bit overwhelming, especially when first starting. In my early months as a trader, I experimented with buying pumps, shorting pumps, trading nasdaqs with momentum, and even buying earnings winners.

Ultimately, I settled on buying pumps. Letting losses spiral out of control is the quickest and easiest way to take yourself out of the game, especially if you like buying pumps.

I traded my first four months without a level 2 feed, and looking back on that time now I can honestly say that it was like trading blind. Get it, learn how to read it Tim has a great DVD , and use it to your advantage. You can watch and prepare and even paper trade all you want before jumping in, but never underestimate the experience factor. So when you get started, use small size, get the dumb mistakes out of the way, and learn the subtleties that only experience can teach you.

Your trading account will thank you for it in the end. This January marked the start of my second year of full time trading, and what an incredible month it was. Despite my increased experience from last year, I continue to learn new lessons and have important lessons reinforced the more I trade.

Here are some of my key takeaways from January, based off of both my successes and failures:. Getting in quickly on pumps upon announcement continues to be one of my favorite strategies, as well as one of my most profitable ones. One of the most important things to note with trades like this is you MUST be careful not to chase too much. Chasing for a fill is not worth the risk of buying the top of a spike right as the stock starts to pull back.

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This brings be on to the next lesson:. Sometimes, by selling early you feel like an idiot a couple weeks later as you could have made two or three times as much. But the importance of taking a shorter term approach and protecting yourself is huge.

I will gladly sell out of these picks early and leave potential profits on the table if it means protecting myself from disaster. Breakouts were one of the first setups I made sure to learn when I first started trading, and this month reminded me why with these two great runners.

Every now and then, I need a trade to smack me around to remind me of this. After a week of not being able to short sell and missing some great opportunities. Had I been patient and traded with my head, I could have made a killing on this short. Instead, I traded with my heart, letting my emotions and desire to make something happen take over.

Posted in Success Stories , Testimonials , Tim Sykes Trading Challenge Reviews.

Success Stories , Testimonials , Tim Sykes Trading Challenge Reviews. As many of you already know I grew up in a middle class family and didn't have many luxuries.

But through trading I was able to change my circumstances --not just for me -- but for my parents as well.

I now want to help you and thousands of other people from all around the world achieve similar results! Which is why I've launched my millionaire challenge. So when you get a chance make sure you check it out. Don't forget to check out my free Penny Stock Guide , it will teach you everything you need to know about trading. Thanks for posting this! I thank you so very much for excepting me into your challenge and I promise to make you proud for doing so.

I was excepted into the challenge and promised my dedication. For that I thank you for believing in me and I thank you for your mentor ship. I became self-made millionaire by the age of 21, trading thousands of Penny Stocks - yep you read that right. You may have heard the story: I was featured on a popular reality TV show called Wall Street Warriors. I was featured in Trader Click here if you want to become a millionaire! Home About Affiliates Chatroom Contact TIM.

Get the Right Brokers. Find your Niche Tim teaches a lot of different strategies, and trying to trade them all at once can be a bit overwhelming, especially when first starting.

Get Level 2 I traded my first four months without a level 2 feed, and looking back on that time now I can honestly say that it was like trading blind. Here are some of my key takeaways from January, based off of both my successes and failures: This brings be on to the next lesson: Take profits into spikes!

Now it's your turn.

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Become a Millionaire Let Me Walk You Step-By-Step To Big Time Trading Profits. I will never spam you! About Timothy Sykes I became self-made millionaire by the age of 21, trading thousands of Penny Stocks - yep you read that right.

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