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I'm Michael Hudson and I'm 23-years old from San Francisco. I've been trading penny stocks going on three years and it's been a crazy learning process.
I got started when a friend invited me to the Robinhood app, I invested $20 over 6 different penny stocks.
I've always been taught to find mentors, find someone who can teach you, that's how I ended up on Tim's Penny Stock Millionaire Challenge website. I applied and got accepted into the challenge and the rest is history.
The text books in school that I'm learning from aren't teaching the applicable lessons that Tim teaches about the stock market and penny stocks.
In school they'll teach you about investing long term but you don't hear about short-term small gains like you can earn investing in penny stocks.
Before I started trading with real money I spent six months studying the stock market and sending my Dad pictures of penny stocks that were up 300%.
My Dad gave me $25K to start trading with and over the next two years I was in the learning curve of the penny stock market.
It is possible to be successful trading penny stocks the very first day, but the smart strategy is to study, learn the patterns and grow over the long term.
The technology is available these days to become a successful penny stock trader at a very young age.
After two years of studying penny stocks and learning I finally had built the confidence that I knew what I was doing.
I started to see that the stock market patterns repeat and I would watch Tim's webinars over and over. Learning penny stock patterns and becoming confident in my knowledge of the stock market.
I'm not good at long trades, so I decided to just stick to shorts and that strategy has worked so well for me.
I have started to track and trade long penny stocks. If I am going to long a stock it has to be picture perfect.
You have to have a plan when you go into trading penny stocks but it's important to stick with your plan and not let outside sources influence you.
My goals have never been about a dollar amount, it's always been about being successful. I want to move to London.
I'm ready to expand my horizon, I can trade anywhere in the world and keep learning the stock market. Penny stock trading is a means for me attain my goals.
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