Swizzbeat Posted January 5, 2015 Share Posted January 5, 2015 I've always wanted to get into day trading but never found the time. Last week I decided to spend a few hours monitoring some penny stocks and I feel as though I'm starting to get the hang of it, albeit I've never actually invested any money into it. Next week I'd like to start trading for real. I have a few grand I'm willing to invest, but I'm looking for other people willing to take this journey with me. Not only would it prove to be motivational if everyone is collaborating, but we may be able to benefit from each other if we're all monitoring different stocks. We could also create daily logs and post them on sites (maybe this one as well?) as a way to track and share our progress. Also, don't tell me to just go to Timothy Sykes's website and spend hundreds of dollars on some bullshit videos and tutorials. The guy could be completely legit, but with the amount of advertising he does to purchase his "get rich quick methods" all I see are red flags. If anyone's interested post below, PM me, send me a Skype message, etc. Hopefully we can get a few people together and create a Skype group where we can all collaborate. My Skype: OSSwizzbeat (do NOT add me without sending me a message stating you're interested in daytrading, as anyone that does not do this will be blocked) Link to comment Share on other sites More sharing options...
Oliver Posted January 5, 2015 Share Posted January 5, 2015 Penny stocks, no matter what the goal price is, dump before it reaches the "goal price" I made over 500% win with sunwin (they got pushed during the decision if stevia gets the approval for the EU). * added your skype. Link to comment Share on other sites More sharing options...
BotRS123 Posted January 5, 2015 Share Posted January 5, 2015 (edited) I have always been interested in investing, but never ended up doing it. If I have some free time tonight, I'll do some research on it and see how I feel about it. Got any recommended reading material? Edited January 5, 2015 by BotRS123 Link to comment Share on other sites More sharing options...
Swizzbeat Posted January 5, 2015 Author Share Posted January 5, 2015 I'm mainly interested in shorting and covering at about a 30% gain (for an average stock). I have always been interested in investing, but never ended up doing it. If I have some free time tonight, I'll do some research on it and see how I feel about it. Got any recommended reading material? I watched a couple YouTube videos from Timothy Sykes so I could get familiar with the terminology. I found this video to be most useful: Other than that I just read Wikipedia articles and have been monitoring a few stocks using http://finance.yahoo.com/ 1 Link to comment Share on other sites More sharing options...
Joseph Posted January 5, 2015 Share Posted January 5, 2015 Swiz I was talking to my friend about doing this. We're down, but we're new to this we don't have as much money as you. We have some hundreds we can use. But as of right now we'd rather just join and learn first before actually downing down money. Plus that gives us time to make more money. Striaght up we want to learn first before actually going about doing it. If you want to throw at me some tuts or thing we can read that helped you understand and stuff. Feel free to pass it over here Link to comment Share on other sites More sharing options...
Beezmans Posted January 5, 2015 Share Posted January 5, 2015 seems like high risk high return were your playing with no real reward as youll end up getting cleaned timothy sykes is a scam artist... Link to comment Share on other sites More sharing options...
BotRS123 Posted January 5, 2015 Share Posted January 5, 2015 seems like high risk high return were your playing with no real reward as youll end up getting cleaned timothy sykes is a scam artist... You just gotta be Neal Caffrey. Plus, use what you don't mind losing. 1 Link to comment Share on other sites More sharing options...
SupremeLeader Posted January 5, 2015 Share Posted January 5, 2015 Penny stocks, are questionable at best. Depending on your goals etc, I would never recommend buying penny stocks. They are not really an "investment" as much as a gamble. Trading is much different in real life then on stock market games. PS: if you want to trade penny stocks, you will want fiber optic cable, and direct connections to your stock market of choice, so you can get as fast as possible updates. I am sure you know plenty about trading stocks from watching youtube videos :p So, I wish you luck lol Link to comment Share on other sites More sharing options...
Swizzbeat Posted January 5, 2015 Author Share Posted January 5, 2015 Swiz I was talking to my friend about doing this. We're down, but we're new to this we don't have as much money as you. We have some hundreds we can use. But as of right now we'd rather just join and learn first before actually downing down money. Plus that gives us time to make more money. Striaght up we want to learn first before actually going about doing it. If you want to throw at me some tuts or thing we can read that helped you understand and stuff. Feel free to pass it over here PM me your Skype, I don't seem to have it. seems like high risk high return were your playing with no real reward as youll end up getting cleaned timothy sykes is a scam artist... No shit sherlock. Penny stocks, are questionable at best. Depending on your goals etc, I would never recommend buying penny stocks. They are not really an "investment" as much as a gamble. Trading is much different in real life then on stock market games. PS: if you want to trade penny stocks, you will want fiber optic cable, and direct connections to your stock market of choice, so you can get as fast as possible updates. I am sure you know plenty about trading stocks from watching youtube videos So, I wish you luck lol I know nothing about penny stocks, as I don't believe in saying I know anything about a subject unless I do it myself. Getting real-time data would cost millions so I obviously can't do that, but for general trading I won't need it anyway even if it would be beneficial. Link to comment Share on other sites More sharing options...
Botre Posted January 5, 2015 Share Posted January 5, 2015 Penny stock trading AKA fraud fest. inb4outsmartedandbroke Link to comment Share on other sites More sharing options...
BotRS123 Posted January 5, 2015 Share Posted January 5, 2015 After what I have read so far, I am having a hard time trusting any sites that claim they provided data. Link to comment Share on other sites More sharing options...
