5 Things You Can Learn From My Millionaire Students - Timothy Sykes

5 Things You Can Learn From My Millionaire Students

My top millionaire and even upcoming trading challenge students are incredibly talented and motivated and this makes them absolute beasts when it comes to achieving their goals. Given the high caliber of people who are drawn to my trading challenge, it’s no wonder that over the years, I’ve mentored numerous students who have forged successful careers as penny stock traders.

If you’ve watched my recent interviews with them:

…then you know what I’m talking about

It begs the question: what are they doing right that everyone else isn’t? Here are five things that you can learn from the students of the Tim Sykes Million Challenge Team. Could you be the next success story?

1. It’s never the “right” time. A lot of people put off education and therefore any shot at future success. They think that someday in the future, they’ll eventually get around to putting in the effort to making their dreams come true and find financial independence. The problem is, it keeps on being something that they put off in the future…and you can make excuses ALL YOUR LIFE, but then your shot at the dream life will pass you by and I hate that.

As my top students know, there’s never a right time to join my trading challenge as there’s a ton of hard work and studying that’s required. It’s not the type of thing where everything in your life needs to be just right. It’s a matter of being ready to change your life for the better, no matter what your current circumstances.

I’ve had students who are single parents, who work full time, or who have other things that might make it seem like the Millionaire Challenge simply wouldn’t fit into their schedule. But they know that in order to gain financial independence and become a millionaire, taking action is important. They adjust their schedules, and they make time for what is important. You can, too.

2. There’s a lot to learn, but education changed everything. As any of my millionaire students will tell you, before you begin to make money or find success as a trader, there’s a lot to learn and digest. Even when you do begin to find financial success, there’s a lot of knowledge that you must acquire to increase your odds of success in the market. Are you noticing a trend here? There are always new things to learn, and this is one of the biggest lessons I can impart to my students.

If you look at longtime millionaires, you’ll notice something they have in common: they are lifelong learners. Successful people never actually reach a pinnacle where they say “I’ve made it” and stop trying. Or if they do, they stop being successful.

Learning the ways of the stock market is just the beginning. Not only will you learn important basics, but it will help you make a habit of learning. This will serve you for as long as you’re a trader, and probably in other aspects of life, too.

3. You cannot figure out an exact formula. There isn’t one “secret” which will unlock trading penny stocks for you or anyone. However, it is true that like everything else, history repeats itself in trading penny stocks so it’s ket to learn from the past to be better prepared for the future.

When you first start trading, you do a lot of learning by doing and yes, there will be ups and downs. That’s why I HIGHLY recommend papertrading here to practice at first, but in time, you’ll begin to settle into a groove. You may find, as my student Tim Grittani famously has, that patterns exist when it comes to trading penny stocks, but it took him 9 months to even get consistently profitable. By studying and refining your own method, you begin unlocking and figuring out these patterns, and only then you can begin to make consistent money although understand you’ll NEVER win 100% of the time.

As you begin to trade, focus on what is working and continually try to streamline and improve your processes. This is how you’ll figure out the system that works for you, and allow yourself the room to grow and make more money with every trade.

4. It’s possible to make millions within a few years. Perhaps you’re intrigued by the Tim Sykes Millionaire Challenge. Maybe you want to start trading. But never, in your wildest dreams, do you think that you could ever become a millionaire in just a few years, most Wall Street legends say it takes decades. The good thing about trading instead of investing is that you can find success much quicker…and yet some people still don’t believe it’s possible.

If that is truly your attitude, you probably won’t make millions very quickly as you MUST realize it IS possible and then you get yourself on the right path. But if you can adjust to the exact methods that have made me and my top students millionaires in just a few years, then yes, it is possible to become a millionaire in a few years and every new millionaire trading challenge student of mine proves it.

I have groomed several students who have made multiple millions following the challenge ALL WITHIN A FEW YEARS. These driven students took my teachings to heart, and worked hard to develop their own style of trading best suites to their own strengths and weaknesses, no one magic formula fits all.

So, understand that becoming a millionaire is not a pipe dream, but it also won’t be overnight and you will also have to study harder than you ever dreamt possible. The good news is I have laid the blueprint down for you so great success is very realistic if you dedicate yourself and follow instructions to a T, so why stop yourself short of true success? Anyone can become a millionaire: it’s just that few are willing to put in the work.

As you enter the challenge, you’ll need to set goals. “Become a millionaire” can be one of them, but you have to be more specific and say why. For instance, “Become a millionaire so I can buy myself a condo in the city and my mom a house in our hometown” is much better because it gives you specific things to work toward. As you embark on your trading, these “carrots” dangling will keep you motivated and help you earn the money that can make them happen.

In time, you may find that simply becoming a millionaire isn’t a big enough dream, and you’ll have to dream even bigger.

5. There will be ups and downs. Yes, I did just say that anyone can become a millionaire. I believe that this is true, but it requires targeted effort, time, and learning the right ways to make money. But what I didn’t mention is that it won’t always be easy.

As much as we would all like to have a steady ascent to riches, it doesn’t always work that way. You take three steps ahead, then two back. Sometimes you have things go wrong or you make mistakes. The key is to stick with it and learn from your entire journey. Read this blog post about how some of my top students found success only after longer than they initially thought it would take…there’s no exact timeline on this either.

Happily, there are things you can do to make it easier to stay on track. Work on educating yourself and improving your relationship with failure and risk. Really think about your goals on a daily basis. Take great care to forge a network, including peers, a mentor to advise you, and the support of family and friends. There will be ups and downs, but you can do this.

My top millionaire trading challenge students are some of the most inspiring and hardworking people I’ve ever had the pleasure to work with. Their resolve and work ethic inspires me to do better, which in turn makes me a better teacher. By learning from my students, you’ll develop the skills to get ahead in my challenge and find the success you truly deserve.

What lesson resonates most with you the most? Leave a comment below, I’d love to hear from you! 

Posted in Millionaire Habits

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102 comments

Timothy Sykes

Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my millionaire challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don't forget to check out my free Penny Stock Guide, it will teach you everything you need to know about trading. :)

  1. Ernie Wood

    There is never the right time. Having said that, you must still develop the right mindset and I am working on that through education, practice, more education, learning discipline, practice, more education…..are all precursors to help you find the right time….

  2. Sergio Justo

    Yeah, there will be ups and downs…. The most successful people is not those who always win (that’s impossible), but those who can stay disciplined and still motivated while they’re failing.

  3. Rick

    Cut losses quickly, prepare for the setup, manage risk/reward, know your entry/exit points, trade like a castrated scared choir boy! Thanks Tim – everyday moving forward towards that first trade with knowledge and your Siddhartha wisdom.

  4. STIcker

    We have proof that is possible, BUT you NEED TO DO THE WORK!, STICK TO THE PROGRAM! AND NEVER EVER, EVER, EVER GIVE UP!

  5. PoolShark

    Thanks for the reminder. Hard work, dedication, persistent, and believe in yourself. Trading takes time to learn and to be consistently profitable. I’m wrong about 70% of the time now right. My goal is to be right at least 50% of the time. It’s very discouraging to learn your guesses are almost always wrong. I’ll work on finding a better setup and better charting to minimize error and increase odd.

  6. Sonya Morehead

    what reasonated with me most is whwn you said “It’s a matter of being ready to change your life for the better, no matter what your current circumstances”
    i have to do whatever it takes to create the life i want to have.

  7. Eric

    Education is the most powerful asset. Without education there will be frustration, hardship, setbacks, and eventual failure. This is not the path to success.. Experimenting with patterns without proper tools is asking for trouble also … refining your patterns intelligently is better than refining them through gambling or holding and hoping

  8. Frank Brown

    Take aways:
    1. Stop waiting on the right time. Life, and great opportunities don’t exist on time horizons, so be decisive and seize the moment, before it passes.
    2. Study the past. There is much to learn from the lessons that others before us have experienced, and are open enough to share and pass on.
    3. Some things we do in life don’t seem to follow any particular set of rules, so learn to be flexible, adapt, and how to react to dynamic situations.
    4. Set goals, and never stop dreaming. When you stop dreaming that is when you have lost.
    5. Don’t throw in the towel, and give up when things don’t go as you expect. This can go back to #3 above, be flexible, and learn to adapt. It’s always to good to have a plan going forward, but it is equally important to know how to react, and adapt quickly to not become overwhelmed and give up.
    Thanks for the lessons. I will be featured soon enough 🙂

  9. Zach

    Success is on the other side of Pain and inconvenience. Those who give up, give up. Don give up on yourself!! Keep Failing forward………..

  10. Byron

    All Very true, great lessons here!
    Thank you for showing us the way to freedom!
    Byron

  11. alan316 on profit.ly

    keep studying, and set a goal, learn from the past. and find my own patterns that work for me. still studying and paper trading. getting better every day. thanks Tim

  12. Danielle

    The lesson that resonates with me the most is when you said ” It’s a matter of being ready to change your life for the better, no matter what your current circumstances”. That is so true, and that’s the point I was at when I joined your millionaire challenge. I couldn’t afford NOT to join. I made up my mind that I was going to MAKE it happen, and that’s exactly what I’ve done the past 4 months. I knew I would never become a millionaire if I kept doing what I was doing- working for someone else.
    I’m willing to put in the time learning with you now so that I can earn millions later. Thank you for your education and mentorship- I have wanted to learn to trade for literally for 10 years but didn’t know where to start, so when I discovered your millionaire trading challenge it was a dream come true. I appreciate it more than you know, and I’m determined to make it happen- you’ll see! 🙂

  13. Natalie Vold

    Love your inspiring blog posts! It will be hard work, many hours, and ups and downs, but that makes any success that much better; knowing how much work you put in to get there. Know that it will take time, and never give up.

  14. AnneMarita

    There is no right time. No-one knows it better than I do. I don’t have the same luxury that I did when I built my first successful business. I had no children, no-one else’s schedules to think about, no responsibilities but myself. I didn’t have to worry about putting food on the table for two other people or having to dress and drive other people but myself. Those who haven’t been there have no idea what a huge difference it makes. There’s a completely different pressure when you have others to care for, yet there is no better time than RIGHT NOW! I have challenge videos that I have started watching 25 times before I really have a chance to finish watching one after all the interruptions that come with two children – and being a single parent. But if there’s a will, there’s a way!

  15. johnny kowal

    I needed to find something I could do anywhere in the world,with a solid ,no BS mentorship program and I did. My day job is just that…it lasts one more day until I am no longer needed. Thank you Sykes team and Challenge.

  16. Michael

    Great things to know. The best one that I find is “there is no perfect time” I hear quite freaquently people say “One day I will get this” or whatever.
    People have the choice it either One Day or Day One. Its the very first step into a journey that is the hardest. Eventualy things will get better because of better knowledge. Keep doing your amazing work Tim it very apreciated.

  17. Javier

    My initial goal was to help myself and become Financially Liberated but the more I’m learning the more lessons I watch and stories I hear my goal has changed drastically, I want to not just help me but help others and teach my kids that if your not making someone’s life better your not doing anything good..

    ALWAYS LEARNING!!!

  18. Greg Halliwill

    Lesson 2 resonates the most. As I’m getting older I find that what I have learned so far in life helps me make faster decisions, be more creative, streamline my anything better to become efficient in whatever I do. I can put together in my mind an end result without doing any physical work which makes the physical quicker. I have realized learning all your life keeps you young and fresh, motivated and aware.

  19. Cosmo

    Hi Tim
    As a challenge student I’ve found that your dedication to your students and on going blog posts and lessons are such great inspirational tools to keep me pushing myself to study harder . Why a family of five depending on me life makes it hard to keep pushing myself to keep learning before I start trading , although I feel I’m very close to start trading now being 4 months into the program . Just wanted to say thanks man . CROMANO

  20. scott tysar

    Good post, Good lessons You da man Tim i know you’ve heard it way too many times in your life but it is true stay humble and do what you iove 🙂

  21. Vincenzo Migliaccio

    There is a lot to learn, but education changed everything. That resonates the most for me.

    As Tim said already, you can start enjoying learning again. That gift was probably stolen from us whilst going to the tedious and mostly useless public schools.
    Thank you Tim for the techniques you teach us and all the other students in the chat room for the help and support during trading time.

    The journey is the reward……

  22. Claudia Montoya

    What resonated to me the most is that I’m going to make it, i will become a great day trader because I’m going to study hard to get here, my dedication will pay off. Michael, Tim and Dux are resilient, hard working men, I’m learning a lot from their journey. Awesome blog as always. Thanks for the encouragement.

  23. Chase Crittenden

    It requires sacrifice. You have to love what you do. It shall be a passion that drives you to prosperity. Not to force yourself to do something you hate. The emotional side to things is a tough nut to crack. Sometimes I think it takes the “Hard Way” to truly learn because then you zone into what you have been telling us again and again and again and again. And again lol.

  24. steve miller

    Tim,
    I ‘am in 100% Lets turns some dollars!
    Thanks for the positive motivation!

  25. Conner

    The best takeaway for me is that there will be ups and downs. The stock market isn’t easy and you will have wins and losses. I personally struggle with believing in what I learned and jumping on the opportunity. I see a stock hitting the support and I just think to myself “but what if it doesn’t hold?” or “what if it fails to breakout” then the stock will spike and I will miss it. I need to believe in what I have learned over the years and even if I am wrong it is just a small amount I would allow myself to lose and I can replace it with more. I need to take the fear of losing money away and just do it so that I can learn if I’m right or wrong. Thanks for the post Tim, it is vey good!

  26. LX888

    Good Morning Tim,

    The Q&A video lessons with Tim Gritanni, Steven Dux, and Mark Crooke are the best. I listen on my Bluetooth everyday driving my car. It’s change the way I look at the stock market and it has impact my daily life. I trade scared now and trade less, looking for the best set up I’m comfortable with and I know it’s not exact science and I just adapt with the market and NOT following anyone’s picks. I watched over100’s of video lessons and the same chart patterns happens; again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again, again AND again, again, again, again, again, again, again, again, again, again, again, again, again, again, again. HISTORY REPEATS, IT SELF again, again, again, again, again, again, again, again, again, again, again, again, again, again, again. This is what resonates with me. #study #timothysykesforlife

    Thank you,

  27. Fit2Trade

    I need to set specific goals. Give myself something to work towards instead of just wondering down the road.

  28. Chad

    My biggest problem has always been FOMO. As a part time trader, I always want a good trade when I’m not at my regular job. Over the last few years I have tried several different set ups and I know of a couple that I am much better at than others. So, when it comes a day that I’m in the market and ready to trade – recognizing that sitting on my hands is the best option for the day has been difficult. However, over time and a couple of big losses because I wanted a set up, rather than waiting for it, has reinforced your teachings. While I have paid some market tuition, your lessons (especially rule #1) have allowed me to learn so much more without it coming “the hard way.”

  29. Sylvia

    Study hard! Don’t give up! Learn from your mistakes….be patience and we shall succeed! And the last but not least remember to give back!!!

  30. Sylvia

    And to have goals in life, small and great because they are our driving force in life!

  31. Aleksandra Klevtsova

    Lessons #2 (education) and #5 (ups and downs) resonate with me the most, Tim. Thank you for sharing your thoughts >:-)

  32. OceanRider

    I was listening to the video linked regarding “A Key Trait ..”. To add to that video, I think people shouldn’t look at the million dollar point as the end goal, but wold be better off to view their journey as a process where it is the little things they do, daily, that allow them to get to the end goal. No one can get to the end of their destination without some kind of effort to get there and it is in that journey where the principles they learn along the way allows for the best chance to mirror success and become successful. I was up at 430 this morning (Sun) studying, not become a millionaire but to do what I can do with the time I have to push my progress forward. Later today after I get back to the computer this evening, I will do more studying. Today is my 11th anniversary and I am still doing what I need to daily to be successful. One has to find enjoyment in the dedication to details, the steps of the journey, before the success comes. More to watch later as I have to go now.

  33. Jo Ann

    I’d have to say the Steven Dux interview! The Tim Grittani interview was also very good!! Both gave very helpful tips for an up and coming beginning trader like myself, trying to learn and grasp as much as I absolutely can. Before you recommended taking notes from the Dux video, I’d already done so! 😉
    Def lessons I plan to re-watch again, again, again &… 🙂 Thx Tim!!

  34. HMstars

    Every day I am more encourage to continue this journey.
    I am looking forward to become consistence in my trades.
    I do not give up on my goals, and will put all my time and effort available by studying hard, it would take me a bit of time due to my full time job but I will accomplish my goals in which the first will be to become full time trader.
    Thanks Tim for all your knowledge, time and dedication you put to teach us this beautiful and grateful financial freedom.
    I would show you my gratitude by becoming another of your great Millionaire Students in due time.
    Truly,
    Raúl.

  35. AnneMarita

    I posted a comment on this homework 2 days ago, but had to add to it; I have seen all these videos previously, but decided to watch them ALL again this morning. WATCH THEM! You cannot watch them too many times. Some of them I saw the first time right after joining the challenge, when I didn’t know much anything about “pennystocking”. What a difference to watch them now. Such great watching! Highly recommended!

  36. OceanRider

    Listened to half of the MC interview driving into the office. I drove 2 hours yesterday. Still finding time to listen to the lessons when I cannot study. I did take print outs with me for some patterns I am becoming more familiar with so I can use the time in the office today before my 430pm meeting with my boss which always sucks. I laughed at Tim trading from bed because he can. That is hilarious. Wish I could do more today but this is more then others will do who have the time. Keeping my mind right as I try to improve with the time/tools I have. Thanks for reading.

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