Another way to get into trading is following another successful trader and mimicking their trades while you learn. When doing this always beware of potential pump and dump newsletters. These newsletters are compensated by a third party to promote a given stock. Now you may be wondering, how do I know who gets compensated? If a newsletter is compensated for a promotion they have to disclaimer it, if they don’t they are in violation of SEC laws and will get investigated. Below I’ll point out a couple of newsletters that I personally have had success with.
TimothySykes.com – You’ve probably heard of Timothy Sykes before, he short sells penny stocks and makes great money doing it. He likes to find pump and dumps and short the crap out of them to make huge profits. Sykes offers a lot of premium services including educational DVDs, trading alerts, a chatroom, and even personal coaching. If you want to learn the ins and outs of short-selling, Timothy Sykes is the man to see. His educational DVDs are awesome as he details everything about his trading strategy and teaches you how to find trading opportunities. Don’t take my word for it, check out what everyone else thinks here.
TooNiceStocks.com – Toonice has two different services, one is free and one is premium. With the free one TooNiceStocks has a newsletter that he emails frequently and a twitter account where he updates traders about his trades. His premium subscription costs $15/month and gives you access to his chatroom which he is in every day and a special VIP twitter account where he updates traders in realtime. TooNiceStocks trades all kinds of stocks from sub-pennies to over $10 stocks.