Thank you for summarizing this book, and I'm not wasting my time buying that book.

@FinancialWisdom

3 жыл бұрын

Thanks Timothy👍

Great summary! Tim Sykes is the Greatest Showman for penny stocks! Thanks for covering his book. Confirms other people's review / opinion of book. Main lesson of the book - cut losses quickly. Thanks again and keep on reviewing!

@FinancialWisdom

3 жыл бұрын

Thanks Billings👍

Your series is gold.....real money.

I feel like Sykes YOLOed his bar mitzvah money and got lucky during a recovery market. Then he started selling courses teaching basic trading knowledge. I don't consider him a real trader.

@FinancialWisdom

2 жыл бұрын

Same page..

@tonywender9316

Ай бұрын

Not a recovery but a bubble

Knowledge supports growth & development.

Sykes is a Marketeer more than a trader. Took a course, and throwing money around was pretty vulgar. Some of his students are real traders now though.

@FinancialWisdom

3 жыл бұрын

Hi Andrew, i cant disagree..👍

Great, thanks a lot.

@FinancialWisdom

3 жыл бұрын

You are welcome Umut!👍

Fascinating study of trading psychology. Many useful takeaways. I was particularly struck by the difference between Sykes' success as an individual trader and his relative failure when he started a hedge fund. Many thanks for another excellent production. And yes, 2 stars was a fair verdict (your lowest rating so far I believe).

@FinancialWisdom

3 жыл бұрын

Thanks William, it was a risky choice but it should be good for the channel algorithm😉

@kingpinstatus916

3 жыл бұрын

I can't say whether Tim Sykes is fake or not. I first heard of him on a show called Wall Street Warriors. He was on season 1 trying to get financing to start his Hedge Fund. My ultimate point is about 10+ years ago I read the book Pit Bull by Martin "Buzzy" Schwartz (which they did a video on). He was a VERY $UCCE$$FUL Trader. He turned $40,000 into $20 Million. He'd been an Independent trader his whole life & when he started his own Hedge Fund because he wanted to make more 💰, he literally almost lost his life because of the stress of having to answer to his investors & them questioning him about losses & position sizing etc. He finally shut it down after he had a heart attack. He went back to trading for his self. 🤷‍♂️

@harshrajjadhav940

3 жыл бұрын

@@kingpinstatus916 Too much money just brings more stress

He’s a good dude

Thanks for the video!.... Because of you I'm making profits now!....Keep up the good work!

@FinancialWisdom

3 жыл бұрын

Fantastic!🙏

That was an awesome video. Thanks for the effort in making it. The most important message I got is to cut your losses short. Like Jesse Livermore said, NEVER ARGUE WITH THE TAPE.

@FinancialWisdom

3 жыл бұрын

Glad you enjoyed it!👍

@theinvestmentdoctor8178

3 жыл бұрын

Financial Wisdom Waiting passionately for your next video😁😊

Great videos from you. Thanks for your time. Is there any way you can do some videos on proven strategies for swing trading or options from these gurus...

@FinancialWisdom

3 жыл бұрын

Thanks Ravi, sure i'll see what i can do in the future 👍

Sykes’s trading strategy will be much harder for a novice trader to follow than that taught by Mark Minervini and William O’Neil.

@FinancialWisdom

3 жыл бұрын

Completely agree 👍

@hahahalol3421

2 жыл бұрын

However sykes strategy can offer much better returns

Very very nice video sir 👌 Please make video on security analysis book summary

@FinancialWisdom

3 жыл бұрын

As soon as i can👍

This video took very long but it was a great video. 👏👏👏

@FinancialWisdom

3 жыл бұрын

Glad you liked it!

Needs more views great channel

@FinancialWisdom

2 жыл бұрын

Thanks Many🙏

Please do Wall Street Money Machine by Wade Cook. It is not as popular but I thought it was a decent book

@FinancialWisdom

3 жыл бұрын

Thanks Cameron i'll take a look👍

The weakness I see here is that the penny stock trading took place during a particularly bullish market. It would have been relatively easy to score big gains during this time.

13:45 This looks very much like NASDAQ on 15th April 2022. Stop losses at the ready!

Hey, i wanted to ask you if you trade penny stocks, if not then what do you trade options, futures, stocks, forex or commodities. And are you a swing trader or day trader. Hope you will reply.

@FinancialWisdom

3 жыл бұрын

Hi Saurabh, I use a hybrid method. Weekly charts for specific technical setups backed up by fundamentals, often growth & momentum attributes. It suits my style..👍 If i can get to 50 videos and I have enough interest I may create a video on my method.

@Monix_7

3 жыл бұрын

@@FinancialWisdom Ok I'll be waiting for it. But for now just reveal what do you trade and what are your annual returns.

@FinancialWisdom

3 жыл бұрын

@@Monix_7 Hi - European and US stocks. To summarise; 59% strike rate, 4.04 risk on reward, average loss is 5.85% average win is 23.66%. Creating a positive risk reward through risk management is key - this can be applied to any strategy, i choose my method because it suits my personality and lifestyle. Hope that helps.

@Monix_7

3 жыл бұрын

@@FinancialWisdomDo you use leverage?

@FinancialWisdom

3 жыл бұрын

@@Monix_7 Yes i use CFD's, up to 2:1 depending on the market phase we are in, but please remember I have a lot of experience and strong risk management, I would advise against using leverage for anyone who has not got a considerable track record.

Great honest. Book review

@FinancialWisdom

3 жыл бұрын

Thank you!

Penny stocks + large newsletter with recommendations: that’s the secret to get rich 😂

The original WSB!!!!!

Timmy, referred to as " college boy " classic...

what happened to him recently. is he still rich?

@FinancialWisdom

Жыл бұрын

No idea, probably but no doubt of members and not through his technique, which is focused on high risk small caps.

Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.

@bartoszdobroslaw9774

2 жыл бұрын

@Samanthwalter Archie That sounds great and how do i connect with her ?

@bartoszdobroslaw9774

2 жыл бұрын

@Samanthwalter Archie Okay i just found her website and left a message for her. thanks.

5 MIN DONE (2) ALCHEMY OF FINANCE 1 HR 20 MIN CONTINUE LATER

A lot of people think you need $10,000 to start trading...THATS RIDICULOUS

@FinancialWisdom

2 жыл бұрын

Everything is relative I guess.

@blackmagick77

2 жыл бұрын

@@FinancialWisdom Thats what he says on his ad that plays before 90% of my videos xD. You know where he throws the stacks of money at the screen

My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/forum My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing Edgewonk Trade Analysis Software - bit.ly/3xS6S7s Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM) Stockopedia - bit.ly/2YIcAIn (25% Discount)

This guy sounds like he used a pump and dump strat lol

Sykes is no different from the Wallstreet bets clowns today. He was purely LUCKY. He didn't go into technical criteria, because he didn't have any 😂. The smartest thing he did was not trade during the downturn. That deserves respect, the rest of his advice is clownish at best. The book was probably aimed as a cash grab.

he teaches gambling

@FinancialWisdom

2 жыл бұрын

Very close to I agree

I don't believe Thimoty

I started my own trading lately I bet you, if it wasn't the help of an expert Mr. Calos Benjamin , i would have been receiving with swindlers pretending to be real genuine traders.

@voskcoin8269

3 жыл бұрын

Months of dedication and active trading have made me over $6000 every week with his valid strategies.

@stockmoe7685

3 жыл бұрын

What's the best way to reach him?

@voskcoin4828

3 жыл бұрын

Sentiments shouldn't be embedded on trading either you have a delivery expert that helps you out in your trading investments or consider yourself hit rock in the market.

@marko-whiteboardfinance5661

3 жыл бұрын

I have traded with Mr Calos Benjamin several times. His been diligent for the past 2 yrs with a remarkable results.

@positiveinvesting6654

3 жыл бұрын

I totally agree with you guys

Isn't Sykes more of a useless trading course hustler? That's my impression of him anyway, that he made his money by pushing some overpriced basic trading strategy courses to hapless people who wanted to strike gold during the last bull market.

@FinancialWisdom

Жыл бұрын

I find it hard to disagree.