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In the second PennyStocking DVD by Timothy Sykes he continues to go into how he reads or interprets stock charts. Tim walks you through play by play pattern views and shows you what events happened where. Sykes doesn’t like to play penny stocks with messy charts, and he basically tells the viewer to stay away from stocks with messy charts, until they clear up.

He walks you through in-depth looks at these chart patterns:

Interesting how jobs are being loss at record pace which means people do not have money to spend or live, but when you watch certain U.S and Canadian government reports…they try to paint a rosy picture.

Here’s a quick review on DVD #1 of Timothy Sykes PennyStocking DVD Course.
On this first DVD of penny stock trading Timothy goes through the following:

Disclaimer - Tim Sykes quickly describes that the PennyStocking DVD course is just for entertainment and educational purpose. However he goes to mention of course, that he is ultimately not responsible for trading losses.

Below are a set of links to videos which teaches you the basics of “Trend Trading.”  Given the fact that some economist in the U.S are saying that the recession has bottomed out, it may be a good idea to learn and train yourself to be a better trader when the slow recovery comes around.  Even in this current environment, there is still some money to be made by the volatility.

Here is a video of a British economist, talking about how the rest of the world feel right now about the irresponsibilities of the U.S Government and the U.S financial system.

Click “PLAY” to watch the video…interesting views.

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When it comes to stock trading the term “Dead Cat Bounce” basically means a sucker rally, after a steep drop in the market. The term dead cat doesn’t sound very appealing, but somehow this phrase “Dead Cat Bounce” stuck among Wall Street financial professionals.

As you can see from the chart above, the Dow Jones Industrial Average has had quite a drop since last october, from 14,000 top down to now around 7000 points.  Is the worst over?  Have the markets hit bottom yet?

This is part four of the Trend Trading course, in this video the focus is on the psychology of trading, which is key to success in trading.  A lot of knowing when to buy and sell depends on watching the charts and news, and managing your emotions.

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by Das Brain

I added a new category to my blog called “Trading Psychology” to explore of course the psychology of trading, whether it be stock, option, futures or foreign exchange trading.

Under this category, I will be posting articles that deals with why investors, speculators buy, why they sell and when. Also, how losses in trading can affect your psychology.

I will sharing a lot of my own personal experiences as well under this new category.

 by Das Brain

As someone who only have been very actively trading for the last 7-8 months, it is nice to be able to chat online with veteran traders, and get feedback and answer questions about timing trades and trading strategies. The two professional turned home traders I am talking about have well over 10 years experience each actively trading from home each and every day and they have turned out very successful.