New to Trading? 5 Tips You Need for This Volatile Market - YouTube

Channel: Timothy Sykes

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- What's up, Tim Sykes, millionaire mentor and trader here
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with a kind of sad video just
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with what's happening right now in the world.
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Very scary times, okay?
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First, number one thing that I should say,
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stay home as much as you can when this virus is spreading.
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I understand some people have jobs.
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Some people want to go out and have lives,
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but you just don't know who has this virus.
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The less people you come into contact with, the better.
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It's still early days.
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Safety is number one.
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You don't want to get this, okay?
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I know that it only really kills the elderly and people
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with underlying health issues, but you just don't know,
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and now with the new virus it can also mutate.
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Try not to get it.
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Health is wealth, literally number one.
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I know a few people who have gotten it.
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This virus is not fun.
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Secondly, if you're staying home and you're quarantined,
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you should be studying.
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Click the link below.
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I just made a free guide.
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Even if you know nothing about the stock market,
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it's for beginners all about these volatile times
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in the market.
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A lot of people are home, a lot of people are losing
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their asses, frankly, on big companies like Apple, Boeing,
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Bank of America, Goldman Sachs, even Berkshire Hathaway,
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mutual funds, so they're saying, wow, you're doing well,
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Tim, 'cause they've seen my video.
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If you want to click below, I'm gonna include a link
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to my video how my top students and I had record profits.
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For example, Tim Grittani made over $700,000 last month.
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I made roughly 50,000.
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I donated it all to Direct Relief which is a great charity.
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I'll post the link to Direct Relief.
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I'm posting tons of links so that you can really just click
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around and learn, but people are asking,
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how are you and your top students making record profits
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when everyone else is losing 20, 30, 40%?
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For that, I have a five-step plan.
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Step number one, ignore what everyone is talking about
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in the press and on TV, okay?
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These are big companies, these are long-term investments.
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You'll probably do well over 10, 20, maybe 30 years,
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but we've also had the biggest bull market in the history
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of the world over the past 100 years.
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Read a great book called Triumph of the Optimist
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where you'll see that that great trend probably won't last
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the next century.
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So don't just think that the stock market always goes up.
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We're spoiled AF.
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So ignore what everyone else is talking about.
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Go to a smaller niche.
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That brings me to step number two, penny stocks.
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The whole world hates on them.
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Why do I love them?
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Because of that just ignorant hate
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and anger and misguided assumptions.
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There's a lot of inefficiencies.
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What do I mean by inefficiencies?
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I mean when good or bad news comes out,
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most people don't even recognize it for a few hours,
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even sometimes a few days.
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That gives you, if you're prepared and meticulous,
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time to capitalize.
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Time to take a position, either long or short,
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before all the other people hate it.
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Remember, or before all the other people see it,
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and then a lot of people just hate it.
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The reason why they hate it is not because penny stocks
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are that bad, but because they look at them the wrong way.
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Just how I believe people look at big companies
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the wrong way, you know, there's all these people
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who have gotten ripped off, frankly,
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for lack of a better word, with penny stocks.
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They believed in the company,
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they believed in the technology, they thought it was
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the next Microsoft, it never is.
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So why do I trade these crappy companies
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when most of them fail?
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Because even if they fail in the long run,
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their stocks are volatile enough, and like I said,
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the inefficiencies allow you to make 20, 30, 50, 100% gains
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before other people realize what's actually going on
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over the long-term.
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I mean, sometimes there's 1,000% stock moves in one day.
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GTHR the other day made a 1,000% move.
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I was buying it when it was up 800% on the day,
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but I sold it for profits and I made roughly 20%
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on my money the next day and going into the close.
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So step number three, you do not have to hold
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for a very long time.
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While we're all here in quarantine together,
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or alone which you should be, try to social distance.
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I'm here with J.B. who's filming this,
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but we're more than six feet apart.
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Say hi, J.B.
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- [J.B.] 'Sup?
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- That was a weird what's up, you were like, hi.
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- [J.B.] What's up?
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- There you go.
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We're sitting here filming these videos
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while we're trading.
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I want you to recognize that you can be in
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and out very quickly, okay?
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You do not have to be a long-term investor.
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I don't think that you should be a long-term investor.
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Even people who say, oh, you should be a swing trader
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and hold stocks for several days, several weeks,
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several months, I don't think that's the right case either.
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A lot of breaking news is happening with the virus everyday.
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You can be in and out same day.
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Yes, you can day trade, another ugly word.
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I'm a day trader, I trade penny stocks, and I short sell.
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I'm the devil according to many people, but again,
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if you look at what I'm doing, part of the reason
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why I day trade is if I'm making 10% on a trade,
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I don't want to hold any longer, right?
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So go for singles.
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That is very important.
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I don't go for home runs.
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I don't say, this company's gonna change the world,
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this company's gonna do amazing things,
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I just care about the stocks.
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If I made 10 or 20% on my investment, I'm out,
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I move onto another play.
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Step number four, there are tons of plays right now
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that are moving, but you need to focus only
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on the biggest percent gainers everyday.
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Where do you find this list?
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How do you find the biggest percent gainers?
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There's 16,000 stocks.
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Click the link below.
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I'm gonna include a special to the software
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that I use everyday called StocksToTrade.
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I'm giving you a special 'cause I want you to use it too.
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There's over 40 plus scans built into this software
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and it helps you sort through the 16,000 plus stocks.
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For example, even though the markets were down 13%
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in one day the other day, the worst day
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in stock market history, or not on a percentage basis,
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but on a dollar basis.
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I think it was the third worst day after 1987 and 1929,
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but on that day I picked two stocks.
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One was up 76%, one was up 120%.
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They were the two biggest winners on the day
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on the worst day in the stock market history
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for decades, right?
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How am I doing that?
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It's not luck, it's skill and it's software.
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So take advantage of that, and number five,
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recognize that if you want to be rich,
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it's lots of time upfront.
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Recognizing that you're not gonna be perfect
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on any of these trades.
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This is not an exact science,
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but recognizing that a few $100 a day,
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a few $1,000 a day keeps the real job away.
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Yesterday, I made about 1,000.
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The day before it was like a $6,300 profit.
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The day before was like 4,200.
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The previous day before that I lost like 800.
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I don't win every time, but my losses are smaller
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than my gains and my gains add up.
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I made roughly $11,000 last week.
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Lots of little trades.
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I probably overtraded a little bit.
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I gotta work a little bit on my patience,
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but there's so many stocks that fit my patterns right now
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and in this volatile market, you can be speculative.
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You can be aggressive.
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I encourage you to start small and be very safe at first,
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but at the same time, once you start getting in your groove,
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I mean, Tim Grittani made over $700,000 last month.
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Mark Crook made nearly $200,000.
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Hutti texted me, he made 20,000 last week.
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I know Jackaroo, Jack Kellogg just passed 300,000
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in profits.
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He made about 25,000 last week.
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One of my challenge students, Munjat,
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made about 40,000 last week and we has like,
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my arms are shaking, and he was asking me and Tim Grittani,
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he was like, does this shaking every go away?
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Yes, I made 25, 40,000 many weeks before.
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It's an amazing gift to be able to do that.
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I want you to do that.
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I'm also gonna include a link to my challenge.
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If you truly want to be mentored,
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that's where all my top students are coming from
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because they get access to my watch list, video lessons,
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real-time alerts, but most importantly the webinars,
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not just from me, but also Tim Grittani.
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Tim Grittani made 40,000 on Thursday and he gave a webinar
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to challenge students Thursday night explaining everything.
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He kind of screwed up a little bit too.
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ATHX was another big, it's been a big supernova
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and it also crashed.
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So Grittani went over ATHX, he went over CYDY.
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This was a recent supernova.
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You start to learn different supernovas.
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Supernovas, it's a term that I call a stock
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that really just explodes.
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Like if you know supernovas in space,
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it's a star that explodes.
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These are stocks that explode.
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Again, click the link just below if you want my free guide,
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this market volatility survival guide.
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You need preparation, you need the right mindset.
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It's not just about hot stocks.
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So many people think, oh, Tim I'll get into the market,
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give me one good pick and they think that it's a game.
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They think that any one pick matters.
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It doesn't, learn the process.
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If you want hot stock picks, get off my page.
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Seriously, don't talk to me.
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That's not what this is about.
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This is about teaching you a skill where yes,
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you can make more money in volatile markets,
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but at the same time it's something that you have to learn.
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Tim Grittani might be closing in on $11,000,000 in profits
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making $700,000 in a month,
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but his first nine months he made nothing.
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On his webinar on Thursday, he even said that he actually
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didn't even trade the first three months just
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as he was learning.
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He was studying all my DVDs, he was learning the patterns,
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and he was watching the stocks and he was keeping track
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with spreadsheets and notes.
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So you have to have the right mindset.
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If you're truly gonna be my next millionaire student,
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it's not about making a ton of money upfront.
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There's a lot of ways to make money right upfront
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and they're sketchy, they're bad long-term.
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Like ask all the Bitcoin people where Bitcoin was supposed
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to go to 1,000,000.
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I don't know what happened, but it hasn't gone
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to 1,000,000 yet.
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If you learn the wrong things and you're just encouraged
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by the money, you learn the wrong lessons.
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I would rather you realize that this is a marathon,
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not a sprint.
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I know that's not a fun statement,
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that doesn't make me very popular, but that's reality.
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I have five millionaire students, I've done it myself,
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I know what it takes to become a millionaire,
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and I encourage you to start small, study up,
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witness different kinds of markets
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whether it's a volatile market or a safe or boring market
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and try to take chunks along the way, and if you miss out,
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don't get discouraged, get encouraged the fact
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that you're on the right track.
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If you miss all the trades, at least be happy
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that you saw them and you recognized the volatility.
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99.9% of the world hates on penny stocks.
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They think that there's no predictable patterns.
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I'd like to show you otherwise.
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Click the link below, it's a 100% free guide.
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Click another link below if you want the software
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that scans this, your life is easier.
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Leave comments below, let me know what you think.
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Again, stay safe during this quarantine.
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Stay safe with this pandemic.
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Stay safe in life, and the best way to stay safe
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in the long run is to get rich so study up and do it.