Overview

Want to be in the elite 1% of traders who make 99% of the money in the penny stock market? Read on... It is a fact that 99% of traders who play the penny stock market will lose money. But why does this happen? Because they look at penny stocks like a casino. They aimlessly throw money at the market on the small chance they get that elusive big win. The mythical 10000% rise in stock price overnight turns their $500 into $500,000. But those in the know understand that this simply doesn't happen. And they're all too ready to take money from poorly educated individuals involved in stock market investing. The winners in the penny stock market are the stock traders who trade on numbers, not grandiose claims made by micro-cap companies. They are focused on mastering the trade on a consistent basis rather than shooting for home runs. If you can grasp this concept, then the sky is the limit. Penny Stocks: will give you the necessary tools and foundations to develop a profitable trading strategy. The tools you need to become part of the exclusive group of top traders who make long-term profits trading penny stocks. The tools will give you a statistical advantage over the vast majority of traders and allow you to consistently win on trades.

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9781801563376

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Reviews

Kobayashimar M. 5.0 out of 5 stars The Secret To A Successful Penny Stock Trader Are Within These Pages Reviewed in the United States on May 7, 2020 Verified Purchase Very informative and I found entertaining, if you are currently contemplating dabbling in penny stocks or you are currently trading penny stocks or low price stocks this book is for you. Whether you like Tim Sykes or not shouldn't matter if you want to become a successful trader you have to put your bias aside and read this book. It's a treasure trove of invaluable insights to trading the most volatile stocks in the market. Within the pages, you will learn the secret to successfully trading penny stocks and make millions. I'm going to spoil it for you and let you in on the secret. The study, Study, Study and then Study some more, that is the Sykes secret. So if you are looking for a get rich quick short cut then this is not for you, this is a book filled with hard-learned lessons that are applicable today as they were yesterday and will be tomorrow. It'll take hard work and at times a lot of pain in order to become a professional trader. Jumpstart your trading career and give this book a read, you won't regret it.

Author Information

ABOUT MARK Mark Azisis a leading global influencer in stock, options, and forex trading. He is Canadian-born, travels the world, and currently resides primarily in the Caribbean. He started his first business at seventeen and has been a full-time entrepreneur since. He first started on the markets working for a Wall Street titan on assessing stock market trading system on penny stocks and small caps stocks. Then he joins the forex proprietary trading desk of a major US bank, developing different options strategies to hedge currency trades dynamically. His personal style has evolved from value investor to swing trader, then day trader, and more recently, adding algorithmic trading structures and machine trading to his repertoire. His edge is in exploiting short-term technical information that most traders would not have access to and fundamental/conventional trading discipline in detail, detail, detail. Institutional clients consider him as one of the best structural traders in the business. In his words, My best skill-set does include day-to-day management in running a trading system. My best-offered skill-sets are trading strategies modeling (which does assist day-traders, swing and options traders), trader mentoring, coaching, and market advice as it relates to short to medium-term investing (market inflection). His style is best suited to those that treat trading and investing as a serious endeavor, whether it be trading part-time, swing trading, or full-time day trading. Specific to day trading or short swings, you will typically find him in the market for a short period of time and in stock equities that have sector momentum, specific chart set-ups, or a news catalyst. He avoids risk like the plague. His goal is to compound his wins at 1% or more per day (what he refers to as compound trading). You will regularly find him starting a small account, challenging himself to compound it over a specific period of time. He will also trade momentum stocks in the morning (or when the news is breaking), specifically when the set-up is unusually attractive. He will also swing trade equities when the market is in a predictable uptrend and not at risk. He regularly trades futures, stocks, options, currency, and crypto-related instruments. The knowledge gained while learning the technical mechanics of being an expert compound trader will undoubtedly increase your win rate and make you a better trader with momentum plays, swing trading, and value investing. If you can maintain a decently high win-rate, then you only need to take one to three trades per day to achieve the desired result. One of the most important components is limiting loss. In other words, if you want a .20 - .40 gain for a 1% - 2% gain on a 20.00 stock, then you better limit your downside to .5 to .10 cents - a disciplined stop loss method becomes critical. Another important component is liquidity. In other words, sizing into a trade as your account gets larger can be more difficult (as can chipping out your exit). This is mitigated in many ways, primarily through choosing market or sector trades with huge liquidity and more frequent trading. He knows that 90% or more-day traders lose and that most consider a 60% win-rate a good to a great record, but he doesn't buy into that and does not accept a win rate less than 80% as good. You will find him aggressively transparent and, as you allow, aggressively committed to seeing every trader.

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