January has treated me well. I had the fortunate opportunity to get accepted as a challenge student of Timothy Sykes, a trader who needs no introduction in Wall Street’s gutter. For those of you readers who haven’t heard of him, you were probably trading Google when BVSN took a massive dump a couple of days ago! But in all seriousness, life all comes down to a few moments, this being one of them. My financial independence will be the result of this moment.

Paper trading with a hefty margin power has helped me craft this niche strategy well during the past weeks. I plan on putting a stop to this and opening a small account over at  ThinkorSwim soon. Experience and time will tell when the craft will begin molding my financial success. But I’m not worried about that now. All I hope is to learn and experience. My “caveman” days of watching and jotting down pages notes on Tim Sykes’ extensive DVD collection has finally come to an end tonight. With the exception of his new ones which I intend to watch in the upcoming days. Pennystocking Part Duex, TIM Fundamentals, TIMRaw and TIMTactics were my favorite ones by far. Read their reviews on Investimonials.

In the next couple of months, me and Jordan will be adding more content to the site; Watchlists, market recaps, video recaps, ect with emphasis on microcaps and smallcaps. My profit.ly stats will also be posted on the site, verified of course.  That way you can see my track record as I embark on this trading challenge under Tim’s guidance. I encourage you to sign up here and join this transparency revolution. We’ll also be expanding our resources page to accommodate new traders and investors, in which I’ve been getting e-mails about. Keep ‘em coming! I’m always happy to help a fellow journey-men in their quest for financial independence!

On another note, there’s been some talk about a New York trip in mid June that I, alongside Jordan and our friend Brett from www.bsiflingtrades.com will be partaking in mid June. Brett’s also a new trader that shares our same passion and drive. He mainly covers biotech companies and provides video lessons and market recaps. We also have interest in attending the Annual Pennystocking Conference in Las Vegas this year. Moments like these don’t come everyday, let’s just hope the casino doesn’t put holes in my pockets. If you plan on being at the conference or NY, let us know!

The laziness has sadly kicked in this winter break. And I haven’t taken much advantage of the free time I have left. Nonetheless, me and Jordan have still been researching like there’s no tomorrow. As of now, my focus is on learning Timothy Sykes’s trading strategy. Of course, there are many more that I’m exploring. Some include swing trading and arbitrage. A midst all this I been reading An American Hedge Fund, chapter 5 now and liking it so far. I also ordered several books including; ‘Trading For A Living’ by Alexander Elder and ‘Fooling Some of The People All of The Time’ by David Einhorn. Both highly respected investors and traders.

Paper trading has been smooth. Been testing out a couple of strategies but haven’t really gotten into it as much. My focus now has been trying to find internships and meeting with highly experienced individuals in wealth management firms, seeking career advice and financial wisdom. I feel very optimistic about the future and things have been moving forward pretty fast. In the other side of things, my business partners and I have shared some enthusiasm in joining Capital Traders Group. A prop firm that has been the talk in town on Investimonials. Although I have gotten mixed feelings from a couple of seasoned veterans, I try to shed some light on this new discovery and give them the benefit of the doubt. I rather judge after I experienced it, thats just how I see it. So with that, I plan on taking the series 56 exam and join by March of next year.  I think this would be a great opportunity to learn about day trading and finally have some work experience under my belt.

Winter break and the laziness it came with are finally coming to an end. Next semester starts a new and my heavy schedule will keep me busy . My new career prospects will keep me hungry, and my long term goals will keep me motivated.

Happy holidays to all our followers and supporters. Remember, stay bullish!

A lot has happened this recent month; I just don’t know where to begin. I have been swamped in finals week and haven’t had much time to devote to writing any blog posts. In the next few weeks I’ll be focusing on the site and changing some things to take it to the next level. In addition to that I’ll be posting some of my daily watchlists along with a detailed summary on each stock with corresponding graphs.

Networking has been key these last couple of weeks. I hope to ignite potential interests in us and the blog from sharing our story with our friends and colleagues. On top of that, Jordan and I, along with a couple of close contacts, have been working together on raising capital to open a private account. It’s been a work in progress and we yet to discuss in detail on how the blueprints are going to be laid out on the table. Hopefully in the weeks to come things will pick up again and I’ll have more free time to focus on trading and researching. Reading has become somewhat of a hobbie nowadays, strange because I’m not your average reader. A lot books are occupying the shelves and my pdf e-book library, some of which include An American Hedge Fund and Japanese Candlesticks. Two great books to have in your arsenal, without a doubt! I’m also trying to order some books by Alexander Elder, whom I heard has written amazing books on trading, the psychology behind it and short selling. Although I have taken a step back from extensive research, I allowed myself to take it calmer and really soak in the content in the books I’m reading. No need to burn myself out or rush.

On another note I have been on the lookout for potential newsletter subscriptions; impressed with BookingAlpha the most. Without a doubt, they have the most transparent track record and their service is praised again and again by their costumers. Investimonials has ranked them 6th out of 659 newsletters. They specialize in high probability options spread strategies to produce consistent profits. In 2009 the Weekly Trading Advisory had 4.89% average weekly return with 95.5% accuracy; which comes to show that their strategy not only works, but consistently. However, at the end of the day these numbers aren’t what count the most, it was their humbleness and approach to helping young day traders like me start on the right foot. I can tell they take good care of their clients; past, current and future. Always willing to lend a hand, and for that it deserves a well deserved shoutout. Anyone interested in quality costumer service and affordable yet high rewarding system, don’t hesitate to shoot them an e-mail. They’ll usually get back to you within a few hours or a day or two. You got nothing to loose, see what they have to say, read their past performance, and do what you should to convince yourself that this is a potential keeper.

So things have been hectic lately. A lot going on and a lot of independent research needed to be compressed before my head explodes. But I imagine it to be like this for anyone starting to get into it. It’s been only a few weeks since I brought my partner Jordan under my wing. I really gotta say that progress has been quick on both our parts. We managed to crunch in beginner articles and a couple experienced on Investopedia.com in a matter of 3 weeks. But before meeting Jordan, I was also an avid fan of the show Wall Street Warriors, which really kick-started this whole journey and set things on new perspectives. Not to sound naive, but this show really gave me a fondumental foothold on day trading and wall street culture itself. I guess you can say it gave me the extra “push”.

As weeks turn into months and my research continues, I turn my attention to pennystocking. Bookmarking websites, skimming through information and weeding out bullshit newsletters and promotion sites. Although through time, I found these sites to be useful in “pump and dump” situations where I can profit from their hype. This contra-hype style of investing was something I looked into since watching Tim Sykes on Wall Street Warriors outperform the market with his Hedge Fund. For those of you that never heard of him, go watch the series. Seriously, you can even just stop reading this and go watch it. But aside from doing research on contra-hype, scalping and momentum trading, I also been looking into other trading strategies. Some favorites include “Reverse Scaling”, which Investopedia covered a nice article for, and market timing strategies. Beforehand I had to cover a lot of beginner articles, which took me a couple weeks of intensive research; hours and hours until my eyes fell off. The more I knew the more motivated I became. However, I started getting impatient and skipping a lot of fondumentals, which later came back to haunt me. Lesson learned.

For the most part, these last two weeks I been studying chart patterns and intra-day chart spikes, fades, morning panics, support and resistance levels. Thanks to investors.com complimentary newspaper this week, I been able to find the top performers in each industry, creating best-and-worse case scenarios using various trading strategies. Earlier this week, I posted an article about the top performing dividend stocks and how different variables I took in consideration before willing to invest for high-returns. By using Yahoo finance’s stock screener, I was also able to pinpoint the company’s new highs and lows and perform a technical analysis on what I think was speculative news. The process was repeated across each industry. By staying informed on commodities and market indexes, I stayed informed on price changes throughout industries, which ultimately has helped me identify the supply-and-demand economics inside the stock market.

It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction. – Warren Buffett