Karma Trades

Tim Sykes's Millionaire Challenge is the most expensive of Tim Sykes Newsletters (around 5k) where you get all the DVDs physically mailed to you, so you got hours and hours of DVD material to study, also you get a 1 year subscription to Pennystocking Silver and exlusive access to webinars by both Tim Sykes and Michael Goode.

Nonetheless, I must say I'm quite dissapointed. Dont judge me wrong, all the info and education that I just mentioned is great, but the Millionaire Challenge is advertised as some sort of personal training, mentoring and trading "alongside" Tim Sykes, in the end it is pretty much a "super-package" of all of Tim's DVDs and Newsletters plus webinars.

What I'm saying is that before you buy it, you must know what you are getting into. I would recommend first to get Pennystock Silver first and have a taste of the chatroom, the watchlist, the info, and how Tim's Strategy works. Someone with a similar opinion is his 2nd millionaire student, you can check his review here: Tim Grittani's Review

Trading Style
This newsletter is focused in the two main strategies of Tim Sykes: Buying breakouts and shorting overextended charts. Even though the setups might work for a trade of more than 1 day hold, Tim Sykes is pretty much in and out of a trade the same day, even just minutes after he took it. Tim preaches to trade safely, so he often exits trades as soon as they turn against him or they don't play out as he expected. While this is a good practice for a trader, it's not that good for a newsletter as subscribers often can't profit from such quick trades. In the end, as a subscriber, you should aim to learn his strategy rather than just mirror his trades.

Watchlists
The service has Watchlists emailed to you everday with around 5-9 stocks to watch. Many of the stocks stay on the watchlist day after day as long as they are still in play.

Education
This newsletter has, at the moment of this review, over 1900 video lessons, which include strategies, mistakes, trade reviews, watchlists explanations and more. One the features that I like the most is that Tim makes a video review, pretty much everyday about his open positions, his wins & losses and stocks that were in play that day, explaining how each trade played out and how you can profit from similar moves.

Chatroom
This service includes an excluside chatroom for the challenge members where moro offtopic chat is allowed, besides the usual chatroom from Pennystocking Silver.

Summary:

• Trading Style: Daytrading, buying breakouts and shorting overextensions
• Watchlists: Daily
• Education: Over 1900 video lessons.
• Products offered: Dozens of DVD's included
• Chatroom: Yes
• Recommended for: Daytraders

My Rating: