I’m talking with Mark Crook about the best lessons he’s learned on his path to becoming my latest millionaire student. Subscribe: https://goo.gl/poGZTm to get INSTANT alerts when I post a new video outlining my penny stock trading techniques.
0:40 Tim Sykes here with Mark Crook who is closing in on one million dollars in profits.*
1:00 Top lesson is to dial in on the top set-ups, forget about all the noise and wait for the right set-ups. Study the penny stock patterns and be patient.
4:00 Knowing the patterns can make you money in the long run. You have to study the stock market patterns and tune out the other noise.*
6:00 The only way to I’ve been successful in the long run was to absolutely dial in on high risk/reward set-ups; otherwise, you’re gambling.
7:00 Toughest lesson I learned was shorting too aggressively too early.
10:00 When you’re trading a small account you do have to aim for reasonable profits along the way, and as you gain experience you can get more aggressive.
12:00 Mark was working in a cubicle when he first started learning how to trade penny stocks.
14:00 Take it one trade at a time and never force a trade. Little gains add up.
14:30 You’re only as good as your next trade. You have to take it one trade at a time, and everything will work out. Be your own trader and create your own patterns.
17:00 Sometimes the best trade is no trade, this can be a hard lesson to learn.
18:00 At the end of the day you have to have a good process of determining what’s a good trade and what’s not and the only way to learn this is over time.
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/.
Penny Stock Trading Lessons with My New Millionaire Student Mark Crook | The Tim Sykes Show