While penny stocks are risky investments, they have helped hundreds of individuals become wealthy beyond their wildest dreams. These types of investments are not suitable for the average person not willing to take risks!
Josh Sason is an entrepreneur and investor that has earned millions from penny stock financing. He’s relatively unknown within the investing community but has quietly accumulated a fortune dealing with small companies desperate for cash.
Sason discovered a way to make huge returns on penny stocks without day trading. Instead of buying shares, he loans money to companies and in return receives millions of shares at a big discount to the market price.
As long as the stock has liquidity, Sason can make millions on each deal. Not everyone uses this strategy because it’s risky if you don’t understand what you’re doing.
Sykes is the godfather of penny stocks, infamous for turning $12,000 into $1.6 million. Tim is now known as that flashy guy on Instagram, posing with wads of cash in front of an orange Lamborghini.
Despite using gimmicky marketing tactics to capture people’s attention, he’s actually a cool guy. Sykes has made a fortune short selling over-hyped stocks and runs a successful educational business, motivating thousands of aspiring traders to start trading. Sykes’ total earnings from day trading are now at $6.2 million.
Steven Dux is the latest hotshot day trader everyone is talking about on Twitter. Less than five years trading and Dux has made over $10 million in verified profits. He spent thousands of hours learning from mentors such as Sykes, Grittani and Michael Goode. Dux is a very analytical trader that tracks all of his data on spreadsheets, testing what chart patterns work the best in every situation.
Once he identifies high probability chart patterns, Dux bets large amounts of money. He claims some of the patterns he follows have an 85% win rate. Due to persistent requests, this young whizzkid released a DVD called Trading Techniques, revealing everything he knows about trading volatile low-priced stocks. The DVD retails for $900, so only those with deep pockets can learn his secrets.
Tim Grittani is a talented penny stock day trader who has earned over $13 million in profits! Despite the amount of wealth he’s acquired, he remains a humble guy and never shows off his wealth. Grittani started day trading back in 2010 after discovering Tim Sykes online. He lost money for the first 12 months before becoming consistently profitable.
Due to his unique success story, Sykes promotes him to attract new students. Luckily for aspiring traders, Grittani loves to share trading knowledge. In 2015 he released a DVD, Trading Tickers, outlining the main chart patterns and strategies he follows. Steven Dux cites Trading Tickers as his favourite DVD, saying he has watched it at least five times.
Jack Kellogg is another success story from Tim Sykes’ Millionaire Challenge program. After graduation he worked as a valet but overtime hated his job. Jack was eager to start investing in the stock market despite having no experience.
A friend recommended Sykes’ as a mentor and Jack was open to the idea. Once he realised the profit potential of penny stocks he signed up for the Millionaire Challenge – luckily his parents helped subsidise the cost of the program.
In 2017 Jack opened a brokerage account with $10,000 and became obsessed about learning, watching every DVD he could. He slowly started to grow his account but the real turning point came when he changed his strategy to focus trading OTC longs.
Jack continually built up his trading account, making 4/5 figures nearly every month. He started January 2020 with roughly $150,000 and as of 2021 has over $5 million in profits!
The Brooklyn native whose exploits were revealed in the Wolf of Wall Street film, once lived the rock ‘n’ roll lifestyle. He first forayed in the world of penny stocks in 1989, setting up a brokerage firm, Stratton Oakmont. The brokerage later became a boiler room operation, pumping worthless stocks.
Eventually, the SEC caught onto the scheme and the firm was shut down in 1996. At his peak Belfort had a net worth of $200 million but lost his fortune and served 22 months in jail. He got a reduced sentence for giving testimony against others involved in the scam and agreed to pay back $110.4 million to investors. Fast forward to 2021 and the fraudster is still living the high life working as a motivational speaker.
Goode is another of Sykes’ millionaire students that is now a mentor within his challenge program. At first, Goode was sceptical of Sykes, publishing an article bashing his strategy. Later he changed his mind after using the strategy to make over three figures!
Goode also uses other strategies and has earned a total of $2.6 million from stock trading. His website, Goodetrades.com is an excellent resource to learn about the latest stock promotion news.
Gregg Sciabica, aka LX21, is the best stock trader no one has ever heard of. An experienced veteran who leverages statistics and human psychology to predict stock price movement. Gregg continues to thrive regardless of market conditions, giving him the ability to make money in a bull or bear market.
The internet bubble in the late 1990s was a fun time for Gregg, banking huge profits and cashed out before the collapse. Over the life span of his trading career, he has earned a mind-boggling $10.9 million! LX21 likes to keep a low profile but does speak at various conferences to share his wisdom.
Bao Nguyen, known as Modern Rock within the trading community and made millions with risky OTC stocks. Bizarrely, Bao took out a $50,000 home equity loan and allegedly turned that sum into over $10 million. He has a large following on Twitter and enjoys bashing self-proclaimed stock experts.