Pennystocking
I have been studying a little bit of Pennystocking by Timothy Sykes of timothysykes.com who turned $12,415 to over $1.6 million in 4 years.
His teaching style is brief and fun and he doesn’t come off as a know it all, which is both good and bad I guess.
He openly admits to not being an economist or a technician but suggests the use of technicals only to find trades in micro cap stocks.
I enjoyed his material and think that it is definitely worthwhile because he focuses on how regular people without million dollar portfolios can make good returns without the use of leverage.
His strategies are a little bit presumptious and like everything else to do with the markets, not always right, but I think that it is worthwhile to learn some of his techniques for the occassions when they are right.
What I found beneficial about his material are some of his personal chart patterns. Prior to learning those, I was always confused about how to play big stock moves and how to detect when a correction was going to take place after a huge rally.
I recommend his product because it falls in line with the philosophy of “see what others see, but do what others won’t”, which is a decent way to earn money in the markets.
