This website is run by a guy named Ross. The website tries to make its members believe Ross is a great trader and makes millions of dollars. The reality is Ross is front running his 1000’s of subscribers every single day. He sends breakout alerts on stocks where he attempts to scalp a few cents, on huge positions using Ninjatrader software. Sometimes he is able to extract huge profits, but it really doesn’t matter if he wins or loses because he is making millions from his unsuspecting paying subscribers who don’t realize he doesn’t know how to trade. If he loses $100,000 trading, but earns $2 million from his services and products, he comes out ahead by $1.8 million. Be very careful with Warriortrading.
Tim Sykes alert services are useless from my experience. The problem with his strategy is that it is that the stocks move way to fast to try to follow him. To make the real money you will need to be able to day trade which means go in and out of stocks as much as you want (the pattern day trader rule prevents this in the US.) In order to day trade unlimited you need $25,000 minimum per account, but if any of the accounts drop to $24,999 or below, you can no longer day trade unlimited so technically you need at least $28000 – $30000 per account to have a buffer which most people do not have.
Tim Sykes has a large following with approximately thousands of paid subscribers. He also has approximately thousands of members that log into his chat room each day waiting to trade his alerts. When Tim sends an alert on a stock, the stock will move very quickly as his subscribers enter orders to follow him. Tim completely denies this fact, but there’s is no denying it and I think he denies it because this is a form of stock manipulation. If you are extremely quick, you can make a bunch of money fast, but otherwise, you will always be late getting in and late getting out when all of the subscribers receive his order to sell or cover and hit the bid or ask in a hurry. You will lose money.
Lastly Timothy Sykes preached that he was out to help people beat crooked stock promoters, and then one day in 2012 he took a $100k payment from a stock promoter to promote a penny stock. The penny stock campaign completely failed and the stock dropped 50% in a short period of time, before the campaign started. Many of Tim’s followers got badly burned. Timothy Sykes is really dishonest and I would not trust him in general.
This trading community can be useful however you won’t make money trying to follow the owner’s Nate Michaud, a.k.a Investorslive in his chat room. He is a great trader and makes thousands of dollars every day, however, it’s just not possible to try to follow other people. Penny stocks are illiquid and they move too quickly when volume comes into them. Some of the stocks he trades has low volume and Nate most likely has thousands of members that subscribe to his services following his alerts, which means he also causes stocks to move. This doesn’t always occur to the same magnitude as in Timothy Sykes chat room, but never the less, it is clear as day.
For this reason, when he alerts he has purchased or shorted a stock the stocks will move quickly. Since he is a scalper by nature and has a large account, he can take big positions and quickly scalp into his subscribers buy or short sell orders for a profit effectively reducing his risk, and offering a profit nearly every time. This means he can almost always make money regardless of what happens after he makes an alert. There always will be an army of people to buy and their orders will flood the stock and cause it to move fast. The problem is since these stocks are illiquid after all of his subscribers place their trades, there will be nobody else to participate in the stock and the stock will usually reverse causing severe losses. Nate claims he doesn’t use hard stop losses which makes it even more difficult to limit risk. I would not suggest joining this trading community unless you just want to use it to find stocks that are currently in play and have your own system for trading.
While this site is a great idea, you can just as easily track your trades in an excel spreadsheet. The owner of profit.ly Tim Sykes is not a great trader, but has built a multi-million dollar business claiming he wants to teach people to trade. The fact is if a person says they are a not a good trader, then why should they teach others? He scalps off of his subscriber’s and con’s people into paying him $5,500 a year for his challenge program which not worth the money.
This guy blew up twice on two trades in TVIX and lost $100k. He is a terrible trader and in my opinion is stealing his subscriber’s money. Avoid this service at all costs unless you like to throw away your money. He is also a paid stock promoter.
Sanglucci.com
I have no experience with Sanglucci.com. Since the owner trades options on liquid stocks you may or may not have luck making money off his alerts, unlike penny stocks which are illiquid. In any case, following others is not a trading strategy.