Penny stocks usually, and historically, tend to come crashing down. Here's how to survive. Subscribe: https://goo.gl/poGZTm to get INSTANT alerts when I post a new video outlining my penny stock trading techniques:
0:30 Why did the stock market crash? Everybody always asks me that. "Why did the stock market crash?" "When is it going to crash again, what's going on?" First of all, be very specific about what a crash is. Most of us are very spoiled with this now decade-long bull market.
2:00 When the market corrects for 5 or 10 or even 15 percent, it's not exactly an all-out crash. I've been there for stock market crashes. I was there in 2008. Most of you guys weren't. I've been there in 2000 and 2001. Most of you guys weren't. So, why does the stock market crash? Because it gets over-valued. Like right now, the stock market deserves to crash. It should crash.
2:30 Enjoy this fairy-tale, the stock market is always going to go higher. Environmentally-friendly companies are changing the world. Let us all be--. I mean, I don't know when the market is going to crash or not, but be extra cautious when the market is up for two, three, four, five, six, seven, eight, nine, ten, twenty years in a row. The higher something goes, the more risk it has.
3:00 This holds true with anything, not just the stock market. The real-estate market, Bitcoin, cryptocurrency, your ego. Any time something gets too high, you're ripe for a fall. This works very well with traders who make too much money too quickly. They think they know everything. I kind of trade like a wuss. I don't know if you guys know this. But, the way that I teach, the way that I trade, even though I trade penny stocks, I'm the safest, most cowardly trader in the world.
3:30 I'm scared of crashes all the time. I think that's a good mentality to have. Even if you're not trading penny stocks, when something goes up too much, be scared that it can crash. Even if it's not up that much, look at the fundamentals of why is the stock, why is the market, why is the sector up so much. If it's flawed if it's due to leverage. You know, real-estate was up due to so much leverage just a decade ago.
4:00 The tech bubble to 2000, the stock market was up so much due to all this over-valuation. So, when you have problems creeping in, where people think that this market is new like the old rules don't apply. No different than when Bitcoin got up to 20,000. And everyone was like, "Oh, it's going to a million!" And then, I came crashing down 70%. Maybe it rises again, maybe not, I don't know. But, be extra careful when anything goes up too much. And also understand that you can make money short-selling. I made millions of dollars, shorting penny stocks that are about to crash.*
4:30 I'd be very careful trying to bet on a crash of anything that has historically continued to go up. But, penny stocks usually, and historically, tend to come crashing down. That's why I like to short-sell them. So, next time you wanna ask me, "Why did the stock market crash?" Or, "Why did so-and-so crash?" Start thinking about what are the odds of it crashing again?
5:00 Stick with high percentage set-ups. And that means, studying charts. That's why I have so many video lessons, DVDs, and webinars. I'm a glorified history teacher. I will teach you the charts so that you're not wondering if something is about to crash. Instead, you'll start seeing signs of a potential crash.*
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/
I had my own stock market crash between August and December last year when I first started learning. I guarantee it was one of the worst stock market crashes of all time percentage-wise! Now that I have studied, the crash has subsided and I'm starting to climb :-) Thanks bro! You're teaching lessons and process are amazing!
Tim I'm a big fan but I gotta disagree with you on this video, just because stocks are overvalued doesn't mean they will crash, they could keep going up in thousands of dollars per share range. This is called the montecarlo fallacy named after the casino phenomenon in which a roulette wheel had its ball land on black 21 times, a person would think this roulette ball has landed on black too many times and is due for a red but the chances actually remain the same. Same goes for stocks, what could trigger a crash is panic selling caused by fears of a recession or by loss of confidence in the economy, this could be due to shoddy lending practices, trumps tariffs, high amounts of debt that can't be paid back. 2019 may not have a crash but I'm anticipating a recession in 2019. I'm not gonna yell the world is ending but even if there is a recession, so what, don't touch your investments, buy more stocks at a discount or just wait a couple years for the cycle to continue.
Most people will hold till the bottom then sell, and thats when a few people will buy. Bitcoin will go tripple digit most crypto 0. Dow jones tripple digit most stocks 0. Real estate 90% off. Bonds 0. Tbills up. Dollar up. Most banks fail. Rare items will lose value. Deflation. Dont follow the majority. scripture Matthew 13 and 14. Read robert prechter the wave principle and conquer the crash.
Its awesome that you tell you have no fear of trading like a pussy. Many of bust balls to earn a little extra for investing in the market besides 401k, Ira, etc. to get a lil better financially .......So screw the critics. Besides I’m positive we all know of those guys who cant decide anything without permission from the pussy first. Lmao.
What he's probably going to tell you is to spend it on knowledge. You have to learn the history of the stock market to fully understand how this game works. I have been studying since Nov. Learn ALL the basic terms. Try to absorb what interest you in people teaching and learn. I have yet fully understand but have a sense of what I need to do in order to become successful - learning what people do when trading, how they think, when they enter a trade, etc. Remember... it's up to you how bad or how well this goes.
Uploading contracts to an online database should not take too long, and with the right solution, there should be a way to quickly drag and drop them into folders. Of course, the contract management team may want to give some thought as to how those folders are categorized. In some industries, it may make sense to classify them by agreement type, whereas in others they may need to be grouped by timeframe or date. It is obviously important to do what makes sense for your company and to ensure everyone understands the classification system that is instituted. With this sort of well-oiled system in place, it is a lot easier to keep a handle on things.
Divide and Conquer.
This is another area that is very industry-dependent, but it is highly unlikely that any company can afford to have an entire contract team devoted to managing one portfolio. More than likely, it is more realistic to divvy up the team and the contracts so that there is a leader for each relevant sphere. The entire team will obviously have to coordinate and communicate, but resources must be allocated in the most efficient manner possible. In turn, this will allow for several individuals to keep an eye on a smaller batch of contracts, thereby facilitating those periodic reviews.
Outsource the Tedium to Technology.