Back in July, I featured Trading Challenge student Kyle Williams in this spotlight blog post. I LOVE it when students become self-sufficient and consistent.
Not long after that blog post, Kyle broke through to become my latest six-figure Trading Challenge student. And he deserves it. He studies his butt off, adapts, and refines his process. I’m super proud of him.
Recently, Kyle was one of the speakers at my Trader & Investor Summit in Orlando. He gave a GREAT presentation. (Pre-order the conference DVD here.)
Here’s a photo of Jack Kellogg, Dominic Mastromatteo, Kyle, and me at the Summit…
And this tweet shows Kyle on stage during our Summit live trading session. From left to right, that’s Challenge mentor Michael Goode, plus Jack, Kyle, Dom, and me.
— Kyle Williams (@traderkylec) September 24, 2019
Kyle was gracious enough to agree to an interview. Unfortunately, we didn’t get time for a sit-down in front of the camera. And my travel schedule is so crazy…
So I sent Kyle a few questions and he answered the same way he trades. Meticulously. I’ve included Kyle’s Q&A below. But first, check this out…
Refine Your Process By Sharing With Others
As you know, transparency is important to me. We need more transparency in this industry. Instead, it’s filled with people who hide behind big profit screenshots.
So it makes me happy when students share every trade on Profit.ly. And it’s cool when they create videos about their trades and their process. It helps them refine … and it helps everyone else in our community, too.
Kyle creates monthly recap videos to review his trades. And they’re excellent. Other Challenge students rage about them on Profit.ly…
Profit.ly user Sky_Hi_Trading had this to say: Thanks for sharing Kyle!!! Great work and awesome message!! Dont waste energy on the mediocre plays!
Here’s another from CrazyWillows: Yea great one Kyle!!! Enjoy seeing these lessons from you man, keep it up…
And another from BigMike2020: Just watched two of your videos on youtube: August recap and 0 to 100k! Very helpful to me a newbie! Thanks for sharing all your hardwork and documenting it so others can learn from your willingness to share! Means a lot! Best of luck going forward and thanks again and here’s to the next 100k!
Every video is packed with good lessons from this amazing young man. See Kyle’s Profit.ly page here.
And now, turn off all distractions and take notes. Here’s Kyle’s September trading review:
Wasn’t that awesome? Be sure to comment below — let me and Kyle know what you think of the video.
Now, for my Q&A with Kyle…
10 Questions With Six-Figure Trading Challenge Student Kyle Williams
1. I’ve watched your videos and listened to your interview on the Beyond the PDT podcast. As a trader, you’re very detail oriented and meticulous. Are you always like that?
Kyle: I’m very detail oriented and meticulous in most areas of my life. Both my parents are as well. So I think it’s a characteristic trait I picked up and something they instilled in me when I was very young.
2. In regard to trading, how important is it to be meticulous?
Kyle: Being meticulous helps drastically in trading. When dealing with large amounts of money with something as difficult as the stock market, there’s no room to be lazy or wanting to cut corners. As meticulous as I am, I find I’m still not to the level I want to be when it comes to trading more difficult patterns such as some Nasdaq plays.
3. How much time did you study when you finally got serious and focused?
Kyle: I made a routine for myself to stick by: I wanted to watch 30 video lessons a day (one video lesson is 5 minutes) and one webinar (hour and a half average). I made sure to watch the first and last hour of the market and study those videos and webinars midday. Then I’d make a watchlist and read a trading book at night for about an hour each.
So in total, I probably averaged eight hours a day, even on weekends, leading to 50–60 hours per week. I think a lot of students make the mistake of thinking they need to study 17 hours a day like Roland and Dux did. But those guys are absolute animals. I’d much rather study 8 hours a day consistently every day than risk burning out after studying a few days for 17 hours a day.
Read Kyle’s last answer again. Read it a third time. That’s what it takes. Dedication and commitment over time. Kyle found a pace that worked for him and stuck to it. He didn’t try to be somebody else. But he also didn’t try to cheat success.
4. You mentioned reading trading books. What books do you recommend?
Kyle: I answer this question with these books every time because they’re that good…
- First, “The Market Wizards” series by Jack Schwager. This series is very inspirational and motivational, reading stories from so many legendary traders is a gift to the reader.
- Second, trading psychology books by Brett Steenbarger. “The Daily Trading Coach” is my favorite. It has so many action steps one can take to improve their psychology in the markets.
- Third, trading books by Van K. Tharp, specifically “Super Trader.” This book made me take the seriousness of trading to a whole other level. It teaches you how to actually treat trading as a business by writing a business plan and many other things.
You should read every book Kyle recommended. I also recommend “The Complete Penny Stock Course” by another student, Jamil Ben Alluch. The reason is because it explains my strategies so clearly. It also answers about 95% of the questions I get from students. Read it!
5. When you’re testing a new setup, do you take smaller position sizes?
Kyle: Yes, I do. For students or myself when I had a small account, I can’t recommend enough to start with just 100 shares or smaller to test. Now that my account is bigger, my testing size is certainly larger. I usually risk $100–$200, which can lead to a few hundred shares instead of just 100.
6. I noticed you use StocksToTrade. What do you like about it and do you use the STT paper trading feature for testing?
Kyle: If you’re trading low-priced stocks, I think STT is such a useful tool. STT’s screener has allowed me to find so many plays that I wouldn’t have found elsewhere. Although STT offers paper trading, I never used it because I’d much rather trade extremely small and experience the emotions of having at least some money on the line.
I agree with Kyle about finding plays using STT. When asked how I find stocks, my answer is ALWAYS the same. I look for big percent gainers using the StocksToTrade built in screeners.
Here’s what Profit.ly user GooniesTrader81 says about StocksToTrade: I found BNGO using StocksToTrade. I highly recommend it. Studying breakouts for months is now paying off. BNGO 300s $2.67 out at $3.30 $190. A good win after beating myself up for selling SES and BIMI wayyyy tooo soon earlier this week. Now back to work. 🙂
Back to the Q&A with Kyle…
7. For someone considering the Trading Challenge, what advice can you give?
Kyle: Understand that this isn’t a get-rich-quick hobby. Even though trading doesn’t require any qualifications like a degree, it’s still a career path that one can choose if they’re serious about it.
If you join the Challenge, it should be because you want to learn to trade for a living, not to make a few extra bucks here or there. Trading takes way too much commitment to not give it a 100% effort.
Kyle committed. Do you have what it takes? Apply for the Trading Challenge here.
8. What advice do you have for someone who’s putting in the time and effort but still struggling?
Kyle: I say this to those putting in enough time and effort, you didn’t get this far … to only get this far. Like I said with the last question, you should want to learn to trade for a living for the rest of your life. When you have that level of commitment you’ll have much more power to keep pushing forward when times are tough.
9. I’m impressed that you’re so focused on trading well, rather than just profit and loss. What’s your best trade in terms of how well you traded?
Kyle: I love this question because it shows your biggest trade might not always be your best trade.
My $IGC and $VBIV in June definitely made me feel incredible by just how in the zone I was to read the price action so well that day.
Another trade that comes to mind was $IGCC where on February 24 they put out news they would uplist to the AMEX from OTC and change to the ticker back to $IGC. The stock ran from 36 cents to over $3 dollars in just two days.
I was able to take two trades on it to total close to a $2,500 profit. Everyone I talked to thought I was crazy for thinking it could go back to its previous prices before getting delisted to the OTC market. But that’s exactly what happened and I was prepared for it. Pictures of both trades below:
[Please note Kyle’s results are not typical. Kyle has exceptional knowledge and skills developed with dedication over time. Most traders lose money. Trading is risky. Do your due diligence and never risk more than you can afford.]
10. OK, final question. I often say that people should have passions and interests outside of trading. (Mine are charity and awesome food.) So, what are you passionate about?
Kyle: I would say something that the trading community doesn’t know about me is my passion for my health and fitness. I work out four times a week with just as much discipline as in my trading — I don’t miss a workout.
I enjoy feeling good from eating healthy meals that I cook at home. Also, when my friends and I go out to bars or clubs, I’m the first person on the dance floor. Alcohol in my system or not, I’m out there dancing like there’s no tomorrow.
Nice! I’m so impressed with Kyle. I love his dedication and passion for trading. Thank you, Kyle and GOOD JOB! Keep up the great work!
What Other Students Say About Kyle Giving Back
Again, I love to share my students’ success. Some, like Kyle, are self-sufficient. Others are just starting their journey, testing strategies, and building their knowledge base. Here are some recent chat room comments about Kyle’s videos…
_Stitch — kylecw2: Watched it mate, really enjoying your videos. That book’s been added to my looooong list of trading books to read.
AveryG — kylecw2: Great vid. Similar to a practice in meditation called ‘noting.’ Just acknowledging a feeling and saying “Oh that’s frustration.” etc
Sky_Hi_Trading — kylecw: thanks Kyle – always appreciated!!
Peachtart — kylecw2: Thanks so much!! I love the observer idea. Am going to use that…starting now. Hmmmm….should I post this? Yes.
Gardner56 — kylecw2: Thanks for the video.
JMad — kylecw2: oh nice! I love your recaps. stoked to check it out.
Millerruth23 — kylecw2: I’ll def be watching, thanks, man.
Ramesh_Kumar — kylecw2: Today I will watch your videos 🙂
AveryG— kylecw2: It was a great vid man! We can always do better
TonyG1 — kylecw2: Yes, watched it…Good Job tks
D22 — kylecw2: your videos are always good tho buddy (handshake)
Sky_Hi_Trading — kylecw2: great video bro – love all your videos!
MannyAFVet — kylecw2: GM…Your videos are sincerely appreciated for all the right reasons..thanks
Edu — kylecw2: Nice video bro! This is why I do Steenbarger´s report cards. It focuses more on the process than profits.
QuentinC — kylecw2: watched it this morning, it’s really adding value thanks!
LADONEGRO — kylecw2: oh yes thx man, always watching your videos !
RockRobster — kylecw2: Thanks for the video. Always good to hear from successful traders.
millerruth23 — kylecw2: Great video Kyle, lol, when I saw all the trades you posted, I was thinking, wow! that’s a lot of trades, not normal for you.
Familyguy — kylecw2: Great video, loved it! Thanx for your efforts.
And Kyle’s getting love for his videos over on Twitter, as well…
Sweet!! One of my goals is to study, learn and also inspire others like you have! Way to go!
— Adam Y (@AdamYaretz) October 7, 2019
Love you vids man. Very simple but healthy applicable points
— Johnny Jumper (@johnnyjumper124) October 13, 2019
Thank you so much for making this video! I actually found myself naturally doing that for the past two weeks!
— remster (@SAOshortsman) October 14, 2019
What do you think of Kyle’s video lesson and Q&A? Comment below!
The post 10 Questions With Six-Figure Student Kyle Williams appeared first on Timothy Sykes.
The IPOX® Week, June 1, 2020
- Everything IPOX records big returns during May as investors flock to the New Generation of stocks.
- FANG-free, broad-based IPOX 100 U.S. (ETF: FPX) jumps +11.26%. Diversified IPOX International (ETF: FPXI) rises to +14.33% YTD, closes week at fresh all-time high.
- JDE Peet’s strong Amsterdam debut, ZoomInfo lined up.
Everything IPOX records big returns during May as investors flock to the New Generation of stocks. Amid stable U.S. yields, lower equity risk (VIX: -2.31%), geo-political jitters, declining global anxiety over Covid-19 and the S&P 500 (SPX) zooming through big technical resistance, IPOX finished May with another strong showing, with multiple Indexes closing out the month at or near all-time highs. In the U.S., e.g., the FANG-free, broad-based IPOX 100 U.S. (ETF: FPX) jumped +3.28% last week to gain +11.26% during May, a massive +673 bps. ahead of the S&P 500 (SPX), benchmark for U.S. stocks. The IPOX 100 U.S. (ETF: FPX) also finished out the month by recording its first positive YTD close since Feb. 26, 2020, as late-day positioning amid previously delayed index rebalancing’s propelled IPOX holdings which are typically underrepresented in the benchmarks. 88% of portfolio constituents rose during May, with the equally-weighted average (median) stock adding a massive +13.96% (+11.52%), ahead of the applied market-cap weighted IPOX 100 U.S. (ETF: FPX) and underlying the big strength in small- and mid-cap specialty exposure in light of a good month for the Russell 2000 (RTY), which gained +6.36% to -16.45% YTD.
Diversified IPOX International (ETF: FPXI) rises to +14.33% YTD, closes week at fresh all-time high. Strong IPOX momentum continued to extend to firms domiciled outside the U.S. with the diversified IPOX International (ETF: FPXI) adding +3.35% to +14.33% YTD, its 8th consecutive weekly gain, and up +10.69% for May. All global regions represented in the portfolio drove returns, including China (CNI), Developed Asia-Pacific (IPTA), Europe (IXTE, IPND) and Japan (IPJP). Gains were broad-based across market-cap spectrum and industries, led by Asia-Pacific key tech plays Sea (SE US: +43.58%), Meituan Dianping (3690 HK: +41.33%), Pinduoduo (PDD US: +40.96%), Freee KK (4478 JP: +39.29%) and Mercari (4385 JP: +18.32%), followed by specialty exposure linked to diverse other industries including Danish drug maker Genmab (GMAB US: +25.24%), Brazil Financial XP (XP US: +20.67%) and leading global energy plays Orsted (ORSTED DC: +14.29%) and Saudi Arabian Oil (ARAMCO AB: +4.27%).
IPOX International ETF (FPXI)-Investing since 11/2015
|Long-only IPOX® Indexes Price Returns (%)||Last Week||2019||2020 YTD|
|IPOX® Indexes: Global/International|
|IPOX® Global (IPGL50) (USD)||12.23||27.93||12.79|
|IPOX® International (IPXI)* (USD) (ETF: FPXI)||10.69||31.37||14.33|
|IPOX® Indexes: United States|
|IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX)||11.26||29.60||0.38|
|IPOX® ESG (IPXT) (USD)||7.13||–||–|
|IPOX® Indexes: Europe/Nordic|
|IPOX® 30 Europe (IXTE) (EUR)||11.99||34.55||15.03|
|IPOX® Nordic (IPND)||15.29||38.52||14.71|
|IPOX® 100 Europe (IPOE)* (USD)||9.52||30.97||3.02|
|IPOX® Indexes: Asia-Pacific/China|
|IPOX® Asia-Pacific (IPTA) (USD)||10.67||4.41||9.23|
|IPOX® China (CNI) (USD)||7.79||26.31||14.52|
|IPOX® Japan (IPJP)** (JPY)||13.00||37.91||-3.10|
* Basis for ETFs: FPX US, FPX LN, FPXE US, FPXU FP, FPXI US, TCIP110 IT and CME-traded e-mini IPOX® 100 U.S. Futures (IPOM0). Source: Bloomberg L.P. & Refinitiv/Thomson Reuters. For IPOX Alternative Strategies Returns, please contact email@example.com
NOW TRADING: 0.25 tick IPOX 100 U.S. Index Futures (Front month: IPOM0). Whether you are a risk manager or speculator, CME Group – the world’s largest exchange operator – now offers efficient and cost-effective access to the IPOX 100 U.S. Index (ETF: FPX) via emini IPOX 100 U.S. Index Futures (Front month: IPOM0). Contact firstname.lastname@example.org for further info and Free Data & Resources.
|MYOKARDIA (FPX)||62.83||ARVINAS (FPX)||-36.63|
|LIVONGO HEALTH (FPX)||49.79||HAPAG-LLOYD (FPXE)||-34.07|
|ARGENX (FPXE)||49.70||COUNTRYSIDE (FPXE)||-28.23|
|APPFOLIO (FPX)||44.28||GSX TECHEDU (FPXI)||-20.73|
|SEA (FPXI)||43.58||AIB GROUP (FPXE)||-20.08|
|REDFIN (FPX)||41.93||KOOLEARN TECH. (FPXI)||-16.84|
|MEITUAN DIANPING (FPXI)||41.33||CHINA FEIHE (FPXI)||-13.37|
|PINDUODUO (FPXI)||40.96||COOR SERVICE (FPXE)||-10.08|
|FREEE KK (FPXI)||39.29||ROKU (FPX)||-9.67|
|KINSALE CAPITAL (FPX)||37.47||GILEAD SCIENCES (FPX)||-7.35|
IPO Deal-flow Review and Outlook: JDE Peet’s surges in Amsterdam $2.4 billion debut. ZoomInfo lined up. With no U.S. IPOs taking place during the shortened U.S. trading week, focus was on deals in Europe with JAB’s coffee empire JDE Peet’s (JDEP NA: +13.78%) and German analytic database management firm Exasol (EXL GR: +35.58%) debuting strongly. With the global IPO window now open, the world’s third-largest record label Warner Music Group (WMG US), business-intelligence platform ZoomInfo Technologies (ZI US), fibrosis biopharma Pliant Therapeutics (PLRX US) and J&J-backed GenScript cell therapy unit spin-off Legend Biotech (LEGN US) are scheduled to list in the U.S. this week, while Tencent-backed payment platform Yeahka (9923 HK) is set to launch with over 600x oversubscription in Hong Kong. Other IPO news include: 1) Brookfield-backed WeWork rival Industrious poised for IPO; 2) Germany OTC drug maker PharmaSGP plans Frankfurt listing; 3) U.S.-listed NetEase and JD.com to list in Hong Kong in upcoming weeks; 4) multiple biotechs added to the U.S. pipeline including Avidity Biosciences Generation Bio, Progenity and Vaxcyte.
The post The IPOX® Week, June 1, 2020 appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.
Retail Resilience is More than Immediate Recovery—It’s Planning Ahead
One of the many things the current situation has taught businesses worldwide is that in addition to consumer dependency, the supply chain is incredibly fragile. And, a global pandemic that interrupts the proper flow of products today will create a different challenge down the road; one that completely devastates the market. In the immediate post-pandemic landscape, a plan to offload excess inventory that accumulated due to store closures is necessary. But what about the rest of the year?
The ‘What If’ of the Supply Chain
Now more than ever, it’s imperative to have a backup plan for excess stock. This will guarantee that retailers and brands have an inventory management system in play, should usual sales channels be affected. There’s a fine line to walk between meeting consumer demand and accounting for extra—and when something out of the norm affects all the stops involved, an alternative is not only nice to have; it can make the difference between company survival or demise.
The Clearing of the Warehouse
Trends come and go, as does inventory. How do you make room for new arrivals every season? By clearing out your warehouse—and sustainably, at that. In recent months, partnerships have formed between brands all over the globe that cater to taking care of the planet. There’s a whole market ready to be tapped into—one that supports and contributes to the circular economy that extends the lifecycle of millions of products. We call it the secondary market.
The Model that Supports it All
If the last few years showed an upward trend toward earth-friendly initiatives and the growth of the secondary market, the current landscape has likely shown its necessity. With the world watching and options dwindling, now is the best time to enter this exploding market and take advantage of what it has to offer in terms of recovery, velocity, and sustainability. B-Stock works this way. We help retailers and brands offload their excess inventory via a B2B online auction platform on which thousands of vetted business buyers from all over the world purchase goods. We create these auction marketplaces scaled to each company’s needs, allowing them to set the pace at which they sell, and who they sell to—protecting their brand name. It’s why nine out of the top 10 U.S. retailers are currently using our online auction B2B marketplaces to sell their excess and returned goods.
Learn more about how we’re helping the earth, one item at a time, by checking out our recent Earth Day article. And if you’re ready to take advantage of the secondary market for your overstock, request a demo.
The post Retail Resilience is More than Immediate Recovery—It’s Planning Ahead appeared first on B-Stock Solutions.
Economic Package Part 2: Quick Takeaways
Hon. Finance Minister announced a series of liquidity measures under Part 2 of Economic Package on 13th May 2020.
The key highlights of Part 2 package are in bold, followed by our opinion:
Upto Rs. 3 Lakh Crore for MSME with Credit Guarantee from Government.
The current outstanding amount of MSME loans is around Rs. 18 Lakh Crore. Other loans against assets excluded. Additional line of Rs. 3 Lakh Crore’s unsecured loans can help the companies restart their business. 45 lakh MSME eligible for this loan facility. These firms employ close to 12 Crore people.
Additional Rs. 20,000 Cr for stressed MSME
Around 2 Lakh MSME are under stress meaning they are either overleveraged or they have delayed interest payments/NPA. This provides relief to banks and NBFC that may have high NPA due to SME.
Liquidity for NBFC
Special liquidity of Rs. 30,000 Cr to NBFC/HFC to all investment-grade paper with a government guarantee. Additionally, another Rs. 45,000 Cr to all NBFC with a partial guarantee by the government up to 20%. Many banking experts believe this could be inadequate.
Many NBFCs lend to last-mile borrowers either in non-traditional segments or remote areas or low rated borrowers. NBFC didn’t have funds to lend, which led to a collapse in demand for end borrowers. Banks were reluctant to lend because of risks in NBFC. Since the government is now offering liquidity and partial guarantee, funds will flow to reasonably good NBFC and hence the end borrower.
Liquidity for Discom with state’s guarantee to borrower
Discoms have Rs. 90,000 Cr in dues towards generation and transmission companies. Relief for generation companies to carry on their business. Many industry experts believe there needs to be reform in the power sector instead of the current stopgap arrangement.
25% cut in TDS, TCS
TDS and TCS cut of 25% on payments for contracts, professional fees, interest, rent, dividend, commission, and brokerage. This provides liquidity to businesses, individuals, and investors. The total expected liquidity in hand will be approx. Rs. 50,000 Cr.
Current measures are mostly liquidity measures and may have temporary relief to restart a business. However, more reforms/stimulus is needed to fix the demand side of the economy which got affected due to i) job losses/salary cuts ii) reluctance to purchases from poor sentiment.
Many of these measures may not have desired implications unless we start seeing economic activity reinstated. Our interpretation of potential benefits is based on the fact that the economy will be reopened in a reasonable time.
We will be hearing series announcements in the coming days. We will be sharing quick takeaways with our interpretation.
If you liked what you read and would like to put it in to practice Register at MoneyWorks4me.com. You will get amazing FREE features that will enable you to invest in Stocks and Mutual Funds the right way.
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The IPOX® Week, June 1, 2020
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