Saturday, 25 October 2014

Avoid the pump and dump scheme



Have you been a victim of the pump and dump scheme? Do you even know what it is? No, huh? 

Well this article will give you the complete details about this entire program. Let us get an insight about it.

What is pump and dump scheme?

This term relates to the disregard of the laws and regulation by any company or investors. When a company artificially exaggerates their stock prices by boosting the misleading or false information about the company and find out easy ways of earning money with illegal and fraud practice it is known as pump and dump scheme.

What are the methods used by schemers of pump and dump program?

·    One of the easiest and most common methods is promoting through message boards. This creates awareness about the stock and waits for the individual who get trapped and buys the bait.

·     Signing up for free newsletters is yet another method or tactic that is used by the pump and dump schemers. Once you provide with e-mail address you will delivered with different reports regarding the stocks of the particular company or investor.

These are the two common and the most popular tactics that are in practice in the pump and dump scheme

Be aware of this illegal scheme

Pump and dump scheme is an illegal procedure that has come more into light because of the advent of the internet. This usually targets the small and micro cap stocks since it is easier and simpler to manipulate and misrepresent. 

It is your responsibility to be cautious and careful while you go for any investment and get trapped into any scam. You have to make sure that you always execute your own research work and studies so that you are always on the right track and avid such scams and frauds.

Sunday, 2 March 2014

Don't Be a Follower, Be a Leader


            First off, if you haven't taken the time to read through the post about books that I recommend, and you're new to the investing world, take your time and find knowledge first. If you want to survive out here, your mind has to be operating on levels that leave no doubt in your mind. In this business, every decision you make, you will have to live with it. The same is true with life, but when it comes to money, it hits you harder than anything else.
            Scrolling through Yahoo Finance articles and websites like Seeking Alpha are not going to give you an edge if you decide to follow blindly. Want an example? Seeking Alpha had an article by an author about how great the company PHOT is and the stock went up, however, days later, another author posts how PHOT is a sham and its contract with another company is practically nonexistent and unknown to an employee they spoke to and the stock tumbled, in which people probably lost thousands based on the outlook that this is a long-term hold in the booming marijuana market.
            Is this the article's fault if you followed? NO! Every decision you make is your responsibility and this isn't a joke. This website isn't here to tell you which promising penny stocks to watch, I already gave you a resource for that here. Before trading, you must do due diligence and study everything inside out. If you have weak ambitions, weak work ethic, you will get weak results. I have to remind myself to stay disciplined and cut my losses quickly too, but I know all of this pays off. Stay persistent and keep learning.

UPDATE: 

Superman telling it how it is at 25:30 in this video:


Sunday, 2 February 2014

Chat Room Reviews - More In-Depth


            Don't have time to research stocks and just want to know which small cap and penny stocks to watch from an experience investor? Trading by yourself is cool as is, but doing research takes incredible amounts of time that's why trading alongside other people and being able to discuss your thoughts and ask questions is a really beneficial thing for a day trader and should be an option for you to look into. I could make it without chat rooms but I would have missed out on so many opportunities and also would have a much more boring time during trading hours (I guess long-term investors don't have these problems). Starting off especially, I learned that some of my thoughts were on the right track but I was missing pieces of information that other gurus helped me fine tune and become a better trader.
            You have at your disposal, many free stock forums or subreddits (Reddit.com) like /r/investing, but the response times on these are much slower, and as a day trader, especially in the penny world, everything needs to be quick! This is why I prefer to talk real-time.
            Personally, I am subscribed to TimAlerts and a friend of mine is following Superman's picks so we get the best of both worlds while we're trading. The great thing about these two is that they provide you with watch lists, lessons, chats, and many more tools that can help you become a better trader. TimAlerts is cheaper, which is a huge plus for most beginning investors, but with Superman you get more picks and they do very well so that's the reason that they're more expensive. I will, however, say that Tim's lessons are a lot better than Superman's and that is why I recommend you either join TimAlerts, Pennystocking Silver, or SuperAlerts, and just stay away from Superman's more expensive package.
            In the chat rooms, Tim will announce that he has purchased a stock. This is not a moment to blindly follow or you will lose money. So what's the point of subscribing? Well, if you're subscribed to his Pennystocking Silver, you get video lessons that teach you how to wait for set ups. When Tim posts a pick in chat, you have to understand that he had to put that order in first with his broker, he then has to confirm the price he got in at with the market order, and then he has to post it to chat. With his position size, by then, the stock is already at a different price because penny stocks are so volatile. The trick is to understand his strategy, discuss with people in chat any possible set ups for bounce plays or break outs, any intriguing small cap stocks to watch, and then essentially be Tim and put your order in with your broker.
            I probably haven't mentioned this before, but when trading stocks, you will need to have Level 2 quotes. The price of these pink sheets changes so fast, so often, that you need real-time data or you'll sink. Check with your broker or check out a free trial of Prodigio. Any questions? Post in the comments.

Monday, 13 January 2014

Best Penny Stock Brokers



            Let’s say you know the fundamentals to trading and you want to start trading right this moment, so where do you go? You need a broker that will buy the stocks on your behalf, and sell them when you choose (also to short). So from the many to choose from, which one is the best one? And specifically, which one is the best penny stock broker? My guess is that like me, when I started off, you want a broker with low commissions, low minimum deposit amount and a trading platform good enough to get you the trades you want in the quickest way possible. And there is one broker just for the job…okay I lied: that’d be just too perfect. There are a couple of decent brokers to choose from, they each have their positives with their fair share of negatives. Before reading, Canadians, your brokers can be found in this post.

 
TD Ameritrade / Think or Swim

            A couple of years ago, many would agree that Think or Swim was the best broker with its great trading platform and the Think or Swim fees were a mere $3.95 per trade, but TD Ameritrade decided to buy Think or Swim for a whopping $606 million dollars. Now, both brokers (essentially the same one) now have a $9.95 commission fee. Although the trading platform is beautiful and all, for a beginning trader with little to invest with, these fees can eat up your profits quite heavily. On top of that, if you're willing to short penny stocks, you can't short the ones under $5 and they don't have all that many to short in the first place.

Interactive Brokers


            Now this one is tricky ladies and gentlemen. It’s the one I use but don’t get too excited because it does have its drawbacks. For one the commissions are only $1 for 100 shares and under. Terrible I know. Jokes aside, the $1 commissions are a fantastic feature for any prospective trader to have when starting anew but what about cheap penny stocks? Well, if you're purchasing these low priced stocks, you obviously need to buy shares in the thousands so each share after 100 will cost you $0.005 a share. Another bonus about IB is that they usually have shares to short, whereas TD usually won't even let you short a penny stock. What may turn off some people willing to deposit their money on IB is that their minimum required deposit is $10,000. You may be asking how I managed to get an account with them if I did not have $10,000 to start with. Well, if you are under the age of 26 when you make your initial deposit, all you need is $3,000 USD and they’ll be willing to accept you. As for the Interactive Brokers webtrader, it isn’t as nice as TD Ameritrade but when you compare the commissions, IB is my preferred broker. One thing that IB has problems with is customer service, in which TD supersedes it, but you win some, you lose some.

SureTrader

            It’s tough to start writing about this broker because it’s not the greatest broker out there. So why am I adding a SureTrader review? Well, their commissions aren’t bad, being at $4.95 per trade, but there are many negatives and one big positive to point out. Uploading your money to SureTrader is a relatively quick process (of course they want your money as quickly as possible), but what pisses me off is how long it takes to withdraw money. Also, they have ridiculous withdrawal fees and monthly charges. What makes this broker shady is that they are offshore, so they are not subject to the same laws. This also works in their benefit because they are not bound by the SEC’s pattern day trading rules which requires you to have a minimum of $25,000 in order to make more than 4 day trades within five business days and some other bogus rules. Still, there aren’t trades every day so this may prevent you from making stupid decisions and only playing the sure stocks that match the patterns. Many people use SureTrader because it has shares to short, but many people reserve them way ahead of you so this broker is not that beneficial.

Scottrade

            This broker may not be ideal choice for you if you want to short stocks, as they don't have most of them available, but if you're trying to catch these stocks as they shoot up and rise exponentially, this could be the trader for you. The cost of each trade is $7 and you can easily afford that when you make it on time for the pumps that the mailers and marketers put out. They do, however, charge 1/2% transaction fee for any stocks under $1 so if you trade these small ones the fees will add up over time. Their customer service won't be as good as the big guys but that's a trade-off.

So which of these is the best broker for penny stocks? It’s all a matter of what works for you and what your conditions are. If you’re shorting micro cap stocks then these three (sans Scottrade) are the most likely to have stocks to short so you have to see which one’s benefits outweigh its negatives. Ask away in the comments section.

Canadian Discount Brokers


            Oh Canada. You sure don’t have many brokerages to choose from. The big banks have teamed up in order not to compete with each other, which isn’t a good thing for the consumers (much like how Bell and Rogers operate). It’s a Canadian thing. What the big banks offer you are $9.99 commissions – oh wait – actually, it’s only $9.99 if you have over $50,000 in assets. If you have anything less than that, you are looking at $19.99 to buy a stock, and then $19.99 to sell it. That’s a whopping $40 to trade one stock which is ridiculous, especially when you’re starting out and/or young.
            There is some silver lining and Canadian discount brokers have been appearing more and improving in order to compete with the big guys. First on the list, we have Quest Trade. With Quest Trade you are able to buy stocks for a generally low rate of $6.95 which appears to be pretty good. The small downside of this is that they will charge you an inactivity fee of $19.95 each quarter if you have under $5,000 in total equity (unless you are under the age of 25) so you practically need to get to making money pretty quickly if you deposit small funds. You can sign up for a free trial to feel out their web trading and there are YouTube videos you can watch that’ll teach you how to buy, sell and short using their platform.
            Next is VirtualBrokers which charges $6.49 per trade which is also great and, like Quest Trade, they give you the ability to try out their platform through the use of a free trial. What I loved about Virtual Brokers was the very simple application that did not take up a lot of your time versus the other guys. Their support is stellar compared to Quest’s and they’ll be able to assist you fairly quickly. Like trading ETFs? Well trading ETFs is free with them so even more reason to join. What do I love most about VirtualBrokers though? Their penny commission structure makes buying penny stocks cheap in the beginning, but you also have the option of just choosing their per trade option and only pay $6.49. You get to decide how you want to play!

$ 0.01 per share if share price ≥ $1.00
$ 0.005 per share if $0.25 ≤ share price < $1.00
$ 0.0025 per share if share price< $0.25
Minimum commission is $0.01 and maximum capped to $9.99



Wednesday, 8 January 2014

How to Find Pump and Dump Stocks



            Alright, let’s say you don’t want to invest your money into the DVDs or video lessons that I’ve bought. It’s ok. I’m a big fan of giving away information that I know, on a limited scale of course. You can’t know everything I know. That being said, every day I go on Yahoo Finance’s website and find the biggest percentage movers. I’ll even give you a freebie right here: this is the link. Bookmark it, put it on your homepage, do whatever you want as long as its embedded somewhere in your trading.
            Once I visit that page, I can see all of the companies in the United States market who have made big moves in that day. What I’m looking at is stocks under 10 dollars, but more specifically though, I’m very interested in NYSE and Nasdaq penny stocks. It’s surprising when a company moves in extreme double digits, but in the penny stocking world, that is not necessarily so. These things work on hype and a newsletter is what gets them going so quickly because people dream of something worth less than a dollar jumping into double digits and making them rich.
            This dream is not much of a reality and these stocks will eventually crash and burn. So when you find these stocks on Yahoo Finance, go through the news, look up the businesses, do as much research as you can. There are stupid amounts of companies that are said to be the next big thing but hype is hype, but it doesn’t last, and that is where a short seller can make his bread and butter. Not every small company will fail so this isn’t a strategy I am creating for you and this is not something for you to follow just because I’m telling you some of the things that I do. Anything you do is at your own will.

Mid Cap Stocks



            Where most of my success has come from is from stocks under 10 dollars but occasionally I do dip my feet in mid cap stocks. The reason why it does not happen often is because you need to have a boat load of money to make as much money as you can when you invest in the ones I do. The problem is that the ones I deal with have way more risk than those that cost more, but even I’m sane enough to stay away from sub penny stocks.
            But for the sake of talking about these mid caps, if you have a bigger bankroll then these may be easier to buy for you and give you a bigger piece of mind. Most often, these stocks have less volatility and will be investments for the long term. There are disagreements on chat boards over which are the best midcap stocks for long term and there will continue to be, and you won’t find that here. I’m not here to give you financial advice.
            What any person in the market would tell you is to build a portfolio of stocks that are in a field that interest you because it’ll be a lot easier for you to know that market and make the best investment according to you. For instance, let’s say video games are what interest you most, when Take Two (the publisher of Rockstar games) announced that Grand Theft Auto V would be delayed a couple of months, the price of the stock dropped immensely. But wouldn’t it be obvious to you, as a video game fan, to know that the pre-orders of that game were set to break all records in terms of sales? Those who invested when the stock dropped because of fear and not logic made an incredible amount of money once the sales numbers were released. This is how you have to think when investing in bigger and more legitimate companies.

Tuesday, 7 January 2014

Investing in Marijuana Stocks

If you have not been living under a rock, you probably have heard that marijuana stocks are blowing away stock market performances by over a thousand percent! Now everybody is flocking to sources trying to find which marijuana penny stocks to invest in. Now that marijuana is legal in Colorado and Washington, the potential for making money is huge, but this is a new business so there are many businesses out there that are pumps and/or are shams so you must be careful.

Medical marijuana penny stocks first came on the scene when various states started to launch their respective medical programs, but today, more and more states are recognizing its medical use and legalization is also picking up the pace, creating a new market, and possibly one of the biggest commodities ever. This is why this market is the new gold rush.

You have to watch out, like with any of these OTC/Pink Sheets because many of them release news that is all fluff but has nothing to back it up. Stocks like MJNA went up on Colorado's first legal day just because of the ticker name, but the company itself has little value. Same thing when the Agriculture Bill allowed for hemp production, HEMP went up but the company isn't worth much, they just road the news wave.

I AM NOT SAYING YOU SHOULD INVEST IN THESE COMPANIES, but I invested in companies that actually have established factories or greenhouses, that produce financials, and that operate on actual news rather than just weightless agreements with advertising companies or the likes. I cannot legally tell you which companies those are because I am currently invested but if you do your research, you should be able to find some good long term buys.

It is a risky market so don't think investing in any weed-related company will bring you riches down the line. There are a lot of pump and dumps and short sellers love pounding them down. Find legitimate companies and enjoy a market that will take off even more, now that the feds have allowed banks to process payments.

I do have reservations about the legalization of marijuana versus having it just used medically but it's a train that cannot be stopped so it's either you profit from something or you don't. Stay safe!

Chat Rooms and Gurus



            If you’ve seen my previous post about promoter newsletters, you’ll have an idea how the system works and how to spot possible patterns. But what if you don’t want to do all of that work or go through all of the trouble of putting in time to do the research? There are people whom you can pay to do all of this for you for a monthly fee and you can focus on other things. Well, not exactly, I still recommend that you glue your ass to the seat when you place a trade because these things like to move when you least notice so you got to get out with your profits when you can, just as you would with any stock, even the blue chip stocks.
            Anyhow, back to the topic at hand, you can head over to Profit.ly where there are a bunch of gurus, who’s programs like Investors Underground (not a fan) or Superman Picks, try to recognize the pumps and even give you access to their chat rooms where you get instant information as to what stocks they are investing in at that given moment. Timothy Syke's service is cheaper but he reserves so many short sells that it's hard to get enough shares at times depending on your broker, but it's still great. Just remember, even with their picks, you still run the risk of losing money and it’s important that you are aware of this. When going through their record, you’ll see that they tend to be good but that’s their record. Their subscribers will not place the orders at the same time so the prices they get may be different and hence the profits and losses will most likely differ!
            Before purchasing any services though, always remember to do your research first. A great place to start would be Investimonials.com where you can find user reviews on various products so if you were to type some of these chat rooms or newsletters of these gurus, you can see what users have to say.

Monday, 6 January 2014

Alerts and Promoters



            Alright my friends, this here is the bread and butter of the little stocks that this blog is mostly focused on. Today we are going to talk about those people that drive up the prices, allowing people to make money on the way up, until the eventually burn to ashes. In this situation, you can be one of those that get in early with these barely legal assholes or you can be one of the losers who get screwed because they get in. Well, there’s the third option of shorting the stock, betting for it to lose its value and making you money. I may be badmouthing these people, but they help me make money, it’s a love/hate relationship, you’ll get it. Keep in mind, I am not giving you financial advice here, this is just what I learned from the DVDs I’ve watched and what information I take from the situation. This isn’t a perfect strategy and I do lose money, but the way I keep as much profits as I do is because I cut my losses quickly whenever they happen.
            I’m not going to recommend any newsletters for you because I’m not going to be held liable in any way for what you do and I’m not offering you a step-by-step tutorial here. Essentially, what I’m doing is just regurgitating information. Do your research and watch what stock tips you get in your email inbox (by signing up to a penny stock promoters list), enter the stock symbol in Yahoo Finance’s website and watch what it does. What you’ll observe is patterns and most of these stocks under 5 dollars, especially those under 1, are extremely volatile so you need to be by your computer at all times when making a trade.
            Once again, let me reiterate, watch and observe first. There’s no need for you to rush into this process and you will benefit from taking your time and learning as much as you can. Here are a couple of stock promoters: StockMister, 1-2-3 Stock Alerts, and you can look for the rest yourself. I think you should also check out my post about Gurus who also play a role in this game.


Are They Worth It?



            Before everybody decides to bring their pitchforks out, I’d like to say that, yes, penny stocks are worth trading, just not how mainstream think. Those who start off in the stock market with a low budget tend to go for penny stocks because they can purchase more shares in hopes that they skyrocket. It’s not necessarily bad logic, penny stocks are the most volatile stocks. That however, can be both and positive and a negative, but mostly a negative.
            The reason why people look down on these micro-cap stocks is because most people buy into these $3 stocks in hopes of them soaring over $10, and the moment they turn away from their computer, the stock can be below the $1 mark. Is it possible to make money off them though? Of course, but remember, 90% of people lose money in the stock market so if such a high percentage of losing is possible, imagine how much it is on such a volatile scale as penny stocks; pretty damn big.
            Keep in mind that companies do not list themselves on the market because they’re so kind and they want to make you some money by investing in their company. These companies are looking to give away a percentage of their company for your money. They hold shares in their company as well, and once more people decide to buy their shares, the price of the shares will go up and they will have made a hefty amount of cash upon checkout. They will eventually sell their shares and the stocks will plummet to the ground, causing many shareholders to lose a lot of money. So are penny stocks worth it?
            Yes. You can still make a lot of money off of this in two ways and both involve getting and out early. First of all, in order for these micro cap stocks to go shooting up in price so quickly, they usually pay a penny stock promoter to send out emails to their subscribers, promising the moon, leading many to come flocking towards the stock and letting the company executives cash in. What you have to do is be there first. You have to quickly buy that stock as its beginning its surge and sell it off as soon as you have made a nice amount of profit, especially after brokerage fees. When is the best time to sell? I’ll write an article about it, but if you’re interested in following someone who finds out when stocks are about to be promoted and shot up, this is the guy.     
http://profit.ly/guru/superman?aff=2809
            The other way you can profit from this volatility and pump and dumps is on the dump part. The beautiful thing about the stock market is that you don’t only have the option to invest in companies, you can bet against them too. Some people will say that it’s immoral but it’s far from the truth, some of these companies are scumbags and they are just in it for the quick buck, leaving their fooled investors broke. I learned to do this courtesy of Mr. Tim Sykes and it has been a working strategy for me. You have to be careful of following Tim’s picks though because he goes in with a lot of shares so get in early and leave early. You have to understand, just like promoters, the alert guys have a big following and you don’t want to overstay your welcome. The great thing about Tim’s service also is that he creates write ups which will help you learn how to research and then later find your own stocks to short.
            So now that you know penny stocks are a great niche market to explore, you should still be careful of whom you choose as your broker, as fees eat into your profits. Check the rest of the site out for some reviews on brokerages that I’ve used and am using. Also, sign up on Profit.ly (it’s free!), it’s great, I’m always tracking my trades and seeing what I’m doing right, but most importantly, what I’m doing wrong, which increases my knowledge and profits later on.

Sunday, 5 January 2014

CNBC



            This topic I’m about to discuss bothers the hell out of me. My friend’s dad is in the stock market and we often have arguments about what to invest in and what not to invest in. What angers me a lot is all his information comes from CNBC and he only listens to those puppets and their picks. Their most notorious puppet is Jim Cramer who loves to say what stocks he believes are hot and which ones are not.
            What you should know about Jim Cramer’s show and the network: it’s all about ratings! Even before the show, they tell you that it’s for entertainment purposes and not advice on which stocks to pick. It’s essentially a legal way of preventing them from being accused for pumping and dumping. So how good are Jim Cramer stock picks anyways? Well, they’ll spike up the next day, but soon enough, they’ll come crashing down from short sellers. This is known as the Jim Cramer Effect or the CNBC Effect and some do make money by doing the opposite of what Jim tells you.
            Rule number one, if you are going to get in on the hype, get in early. If you’re watching it on television, chances are you are going to be too late. This is how penny stock promoters work, they are paid to pump the value of stocks and then dump them when they’ve got their money’s worth. Television programs work much in the same way except they’re not paid by stock companies to advertise, they just promote in ways to increase their ratings so that they may profit from it.
            Be smart about the market. If almost everyone in the stock market loses money, then doing what most people are doing is the wrong thing to do. People will try to get in on the hype, but eventually it all comes crashing down. With the ability to short stocks, you can actually profit from this crash that has been created by the hype. I would also recommend checking out a penny stock promoters list and seeing which list produces the biggest increase in price and see whether or not they come crashing down. I learned to do this watching Timothy Syke’s DVDs over and over again, making me a lot of money early on in my investing career.

http://profit.ly/guru/timothysykes?aff=2809


Saturday, 4 January 2014

Stock Market Books for Beginners



            Reading books is one of the most underutilized tools that people seem to neglect with the popularity of the internet. Yes, the internet grants you access to an almost unlimited amount of resources, but you are bound to open tabs that will distract you versus a book that requires you to be separated from any screens and that in turn allows you to fully concentrate on the matter. Check out these stock market books for beginners!
            The first book that I recommend is not an easy read, it’s quite long, but almost anyone on Wall Street will recommend this fundamental read and that is The Intelligent Investor by Benjamin Graham. If you’re going to start a book collection, you would be a fool not to have a book that is considered to be the bible of the stock market and one that has received endorsement from one of the greatest traders of all time, Warren Buffet. This book isn’t necessarily about how to pick stocks, but it does teach you personal rules of investing that will keep you out of trouble in the future.
            An easier read is Tim Syke’s, An AmericanHedge Fund: How I made $2 Million as a Stock Operator & Created a HedgeFund. This book won’t teach you how to trade (most books are outdated in this regard, you’ll have to look on the internet for more up to date information), but it will take you through the life of a famous penny stocker, showing you the decisions he made on the way up and the mistakes he made that lost him a lot of money. The stock market brings losses to everyone in it and it’s important to learn more from mistakes and with Tim’s enthusiasm, it makes it an entertaining and quick read.
            And lastly, this book should be the book that will teach you how to trade, how to have the right mindset/psychology when trading and how to survive in the market. What book is this? Meet The DailyTrading Coach: 101 Lessons for Becoming Your Own Trading Psychologist by Brett Steenbarger. The life of a trader is far from easy and there will be moments of mental struggle and emotional conflict. This book aims to help you find your strengths and weaknesses and put you in a frame of mind that will help you succeed by working with what you got. Hope you enjoyed this easily digestible list of books that every beginning trader should read!

Friday, 3 January 2014

Penny Stock Fortunes



How’s it going folks? This is my first official post here so let me start by introducing how I got into the stock market. I started reading up on stocks in 2009 after I heard an interview with a stock trader that said he loved the recession because it allowed him to make hundreds of thousands of dollars. Something along those lines, I was eating breakfast before an early exam. Anyhow, the next day I woke up and searched forums, went on YouTube and tried to find the best books. My next post will be another introduction of some sort and you can check out what books I’ve read.
Moving on though, I didn’t have the money to invest in some of these stocks but I kept learning and kept watching; till I ran across penny stocks. I knew that buying penny stocks isn’t a smart investment idea; after all, these companies come and go. So can I make money on something failing? I learned about short selling, which involves betting against a company (I’ll go more in depth in later articles, this is just an intro), and found that some of these little companies were promoting and pumping up their stock price and when the truth got out about them, their stocks would tumble to the ground.
So why were these companies crashing? Because they were illegitimately being boosted so that the company executives can make a nice amount of change as their stock kept climbing. I learned this system from Timothy Sykes, and I do owe him a lot for my penny stock fortunes. I did screw up looking back though. He was looking for students and my interview went pretty well, but I ultimately declined my acceptance because I was still in school for a bullshit program that I was only taking so my parents could say that their son graduated from university.
I watched his videos and learned how to do the research and was able to make trades on my own from there. I started off with very little of an investment ($3500) so I took things one trade at a time and it actually went great. After broker fees I was making small amounts of profit but I was having a lot of fun and got a great rush out of it. The advice I always heard on every video is that you should cut your losses quick, and that’s what let me get those small amounts of profit. The only problem was that I was sacrificing a lot of time so it was time to start investing a little more than I initially was.
After 6 months of trading, I made my way up to a bit and I was ecstatic. I put more and more focus on stocks and less on my politics major. As profits went more and more up, I stopped attending classes because I wanted to watch the markets and school was in the way. Instead of graduating that year, I dropped out of my second semester courses and played the stock market full time. This greatly increased my earnings and I was in the five digits. I’ve never had that sort of money before and believed that I could keep it up, I did have losing months, but I was making money still.
Before you think I’m advocating dropping out of school, that couldn’t be further from the truth. I believe that higher education is important and people need to be educated and trained to contribute to our economy. What I didn’t like was taking courses that would have only allowed for me to become a high school teacher and that wouldn’t have been an easy task. If you are in school, I still recommend that you finish it and then invest in the stock market when you feel like you have enough saved up. The aim of this website is to help beginners so look forward to posts pertaining penny stocks. Remember, be safe, Wall Street is no joke; become educated before dipping your foot in the water.