Name Product: Timothy Sykes – TIMfundamentals
Author: Timothy Sykes
Size: 3.10 GB
The introductions to his DVDs are most definitely improving, this one comes right at you and kicks it off into who, what, where, when, why, and how to trade these penny stocks. It’s really important when jumping in head first to understand what your role is as a trader. You’re either an investor or a trader and when transformed (aka trader gone investor/bagholder because you didn’t take a loss when you should have) is when you run into trouble. As Tim mentions a million times you need to be ok with taking losses, it’s part of trading. One thing you’ll notice after trading for a few years is any “bad” days or “bad” trades that you may encounter are normally always associated with breaking a rule of some sort. Looking back as always like Tim did you can always pinpoint exactly where and when you should have sold/covered to cut losses (beauty of hindsight). The biggest part of this is being able to overcome the “loss” and focusing your attention towards the next opportunity rather than turning your trading strategy into “hope” and hoping your loss turns into a gain!