Trading stock
I started to trade stocks 3 years ago. I wanted to do that long time ago, but my economic resources didnt let me to do that because to buy stocks I needed huge amount of money. I was lucky that I found pennystocks. It catched my eyes from the beginning because with my small budget which I had I could follow my dream to be a trader. I started to look information about pennystocks on internet, I spent many hours by reading the books, I wanted to get as much information as I could. I heard that theese stocks are very risky, but I decided to try my luck. Unfortunately I lost my first account and my dream looked that will never come true. I decided to rest from stock trading and I did for half year.
I came back with fresh head, with new ideas and ready to study again. While I was looking for more information on internet I found trader who was ranked #1 Pennystock trader on Covestor.com . Thats how I found Timothy Sykes. I spent many hours reading his website, I liked the way how he trade and I liked his strategy. It looked very impressive and the best thing was that he had SMS/IM Alerts (and he still have it). So I decided to try. I just was curious or it was another impostor or it really works. After first month of the subscription I was surprised, it really worked. I was making money! Again it was not big money but still I was making profit. The money which I earned from him I decided to invest into his DVDs, so I could learn his strategy and become autonomous trader. Of course I was still subscribing his alerts. I became a member of social site profit.ly where you can see how other traders are trading, follow their stats, share information and many many other needed information you can find there. I found some new friends there, who were also very positive about Timothy Sykes and his trading strategy. So my new life as a trader started.
Now I am still subscribing his Alerts but the reason is that I am comparing my trades with his. I must to confess that I need to improve more but the good thing is that I am now profitable trader and thats make me happy.
In my portofolio trading stocks takes 30% of my total investment.
The next step about what I would like to talk is broker. First of all it depends about money which you can invest. The best broker for me is interactivebrokers but they have big minus that if you want to open account with them the minimum requirement for the account is 10.000$ , for the beginning for many people it is to big amount.
Second in my list is SpeedTrader. Margin account minimum is 2000$. I like their software and their costumer support.
Also there is a new “player in the game”, its SureTrader. I heard many good comments about them. My teacher Tim also mentioned them, so I believe they should be good. I will try them for sure and I will let you know.
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