CHATROOM

A Cool Video That Teaches An Important Trading Lesson

Watch these 7 free video lessons on how I became a millionaire

I don’t even remember who sent/where I found this video, but I’ve embedded it because it’s not only cool to watch, but it also serves a valuable trading lesson:

Trading, like life, comes at you fast….there’s gonna be many disasters, near-disasters and close calls where you turn out okay, but never congratulate yourself when you survive/profit by getting lucky. The key to long-term trading success is to position yourself in supreme risk-reward scenarios over and over again, not the risky situations that many of the peeps in this video do:

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Posted in Basics, Videos

  • Timothy Clemans

    AWESOME VIDEO!!!!!!!!!!

    How’s Europe?

  • Timothy Clemans

    AWESOME VIDEO!!!!!!!!!!

    How’s Europe?

  • http://stackyourcream.blogspot.com/ Adam

    Cool vid, WRC always has tons of close calls

  • http://stackyourcream.blogspot.com/ Adam

    Cool vid, WRC always has tons of close calls

  • nojobmaui

    makes you think

  • nojobmaui

    makes you think

  • silentmax

    amen bro. amen. thank you for keeping me in check my dxo bet is making my head big right now. crap.

  • silentmax

    amen bro. amen. thank you for keeping me in check my dxo bet is making my head big right now. crap.

  • noobtrader.08

    Timmer… you lost me for a while… but posts like this, your message, is why I started following you way back when…

    Nice post.

  • noobtrader.08

    Timmer… you lost me for a while… but posts like this, your message, is why I started following you way back when…

    Nice post.

  • http://test.timothysykes.com Timothy Sykes
  • http://test.timothysykes.com Timothy Sykes
  • A

    I second what noob says. I’ve been following you since the very beginning on here. Tim Alerts subscriber but haven’t read a post on this main site in almost 6 months as most are just not all that useful and don’t teach me anything. Nice post. Keep up the good work man.

  • A

    I second what noob says. I’ve been following you since the very beginning on here. Tim Alerts subscriber but haven’t read a post on this main site in almost 6 months as most are just not all that useful and don’t teach me anything. Nice post. Keep up the good work man.

  • A

    Really miss the posts where you put “Tim Lessons” and detailed your trades. This one I still have bookmarked for inspiration: http://test.timothysykes.com/2008/06/21/how-to-be-the-tiger-woods-of-trading/

  • A

    Really miss the posts where you put “Tim Lessons” and detailed your trades. This one I still have bookmarked for inspiration: http://test.timothysykes.com/2008/06/21/how-to-be-the-tiger-woods-of-trading/

  • http://test.timothysykes.com Timothy Sykes

    no time for that now A, all my lessons are in my DVDs:

    http://www.test.timothysykes.com/store

    the blog just supports those lessons

  • http://test.timothysykes.com Timothy Sykes

    no time for that now A, all my lessons are in my DVDs:

    http://www.test.timothysykes.com/store

    the blog just supports those lessons

  • A

    Understood. Glad I got in on this site early, read 400+ blog posts, and learned the basics before you went truly commercial back in June/July 2008 time frame. Saved me from having to purchase DVDs and keep that capital to trade with.

  • A

    Understood. Glad I got in on this site early, read 400+ blog posts, and learned the basics before you went truly commercial back in June/July 2008 time frame. Saved me from having to purchase DVDs and keep that capital to trade with.

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