He typically doesn’t care about the companies offering the stocks in question. He has his own tool for assessing the worthiness of a trade: the Sykes Sliding Scale. He looks at things like price action and support and resistance first, but also considered catalysts and time of day. So while right now he goes long more frequently, during different market conditions he might be a lot more short-biased.įor Sykes, it’s all about patterns and charts. Instead of just going long or short, he adapts to the market. In spite of the name, “penny stocks” are really just low priced stocks, so they might include any stock trading for less than $5 per share.
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So how did this dude hit it big? By trading penny stocks.
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#Trading tickers dvd how to
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Timothy Sykes Millionaire Trading Challenge Set 53 DVD's 12 Manuals