By following the lessons of penny stock guru Tim Sykes (right), Grittani has raked in over $1 million in profits. He spends the entire trading day in front of a computer screen, in order to buy and sell stocks at the right time.
Kunal will share: His journey from blowing up his account a couple times to successful stock trader His strategy for day trading and thought process buying and selling a stock An opportunity to join his bootcamp program and eventually trade in his hedge fund And much more! He is sometimes in and out of stocks within minutes, and the longest he ever holds shares is a few days. Many of these companies are speculative because they are thinly traded, usually over the counter instead of on major exchanges like the New York Stock Exchange. The Securities and Exchange Commission warns that "investors in penny stocks should be prepared for the possibility that they may lose their whole investment." Plus, penny stocks are notorious for being part of so-called pump-and-dump schemes, in which scammers buy up shares and then promote it as the next hot stock on blogs, message boards, and e-mails.
Once the stock price is artificially pumped up by all the talk, the scammers sell their stake, leaving unsuspecting investors with big losses. If you do not know who Tim Sykes is, he is famous for turning his Bar Mitzvah money of $12,415 into $4.22 million. Tim will share: His biggest setbacks when he started out and how he overcame them The characteristics it takes to be successful in penny stocks How you can become a millionaire trader under his mentorship And much more! About Our Guest Timothy Sykes is the penny stock millionaire famous for turning $12,415 into $4.22 million. When investors short stocks, they borrow shares and sell them with the hope of buying it back later a lower price and pocketing the difference. Last Monday, Grittani detected that the stock was losing momentum, and he felt that at the very least a small pullback was imminent. Ken will share: A step by step process to start investing in real estate House flipping strategies and the team members we need His best deal ever And much more!
For the past five years, Sykes his been teaching his strategies through the sale of instructional newsletters and video lessons. Steve will share: How we can start investing in real estate today using the wholesaling method Step by step guide to make your first deal Why he chose to add Internet Marketing to his expertise after being successful in real estate And much more!
Kyle will share: His journey to successful real estate investor and still in his twenties How to get into real estate investing with no experience The areas we should look to invest in And much more! With penny stocks, there are patterns that are very predictable." Along those lines, Grittani's biggest win over the past few years was a quick trade in Fannie Mae (FNMA). While there wasn't a particular news catalyst that prompted him to look at the government-sponsored mortgage giant, Grittani spotted increased volume and activity that suggested the stock would tank and then bounce back.
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