Happy New Year! Save 35-70% off here and watch this free guide for just a few more days. The stock market is closed tomorrow, but the key to success is preparing ahead of time, just like my latest $600,000+ profit student understands, little different than how pro athletes improve their game in the offseason…so this video will help you prepare for this week, study ahead of time and see what’s working best in the market right now…and also be sure to be in my chatroom premarket Tuesday morning!
Here’s a recap of the presents I got you:
Chanukah gift #8 was 8 lessons from my newest $600k+ profit student Steven
Chanukah gift #7 was a video on the proper trader mindset
Chanukah gift #6 was my exposing a common newbie trap
Chanukah gift #4 is the best pattern right now
Chanukah gift #3 were 3 top stocks I was watching
Chanukah gift #2 was a presentation by $630,000 profit student Mark
I want to call your attention in particular to Chanukah gift #8, because in this video, we’re reviewing the 8 lessons my latest passed $600,000 in profits.student used to surpass $600,000 in profits in just 10 months, Steven Dux, is VERY important…kinda funny this comes just days after I highlighted my student of the year, Mark Croock, who also just
As many people are beginning to realize, success in stock trading is not just about $1 million or more, it’s getting on the right path to make many millions of dollars and that involves developing the right habits early on…and that’s why, besides having just a handful of millionaire students, I have dozens of six-figure students, ALL of whom will be millionaires in the coming years, if they stick with it.
Download a PDF version of this post.
And, unlike the many fakers in this stock trading industry, my top students and I don’t just make milestone proclamations, we also back it up by showing EVERY trade it takes to get there…see all of Steven’s trades HERE and all of Mark’s trades HERE and see all my trades HERE for a little taste.
Watch this video I made reviewing Steven’s key rules:
We’ve also transcribed it for my valued deaf students below:
(I know the stock market is closed tomorrow for the long holiday weekend and you probably don’t even want to even think about what stocks to watch and trade this week, but preparation is key so watch this video watchlist ASAP, I’ll have a full transcription of it tomorrow for my valued deaf students too!)
Hey, Tim Sykes here and it is the final night of Hanukkah, 2016. It’s also the final night of 2016. Happy Hanukkah, Happy Holidays, Happy New Year tonight. Have a safe evening tonight. I want you guys going out and having fun, but also consider that you’ve got to study. Study on the weekends. And this video, my eighth Hanukkah gift to you is going to be eight tips that I’ve made several of my students several hundred thousand dollars.
First, I’ve got to give props to Mark Croock. He just posted this video lesson for Challenge students. I don’t know if you guys know this, but Mark Croock, who has now made $637,000, posted this. And he was just reviewing his year. He made a little over $150,000. And this is a great video lessons. You Challenge students, please, please, please watch this.
Also, you have a few days left to watch “Trader Checklist.” I know many of you guys are contacting me freaking out like, “I can’t watch all eleven hours before tomorrow.” It’s okay, don’t stress, don’t burn yourself out, don’t cancel plans tonight. I get it, okay? Eleven hours a lot. So this is actually going to go a few days into the new year. And I have a very special announcement coming on “Trader’s Checklist” next week, so stay tuned for that. But just don’t burn out, okay? I appreciate your dedication and your devotion, but you don’t need to finish it all tonight. It’s going to be free for a few more days, so enjoy that.
And then also, we have this holiday sale. Some of you guys are contacting me. You want to save the 30, 40, 50, 60% DVDs and. But again, you’re not getting paid until next Wednesday or Thursday. Don’t worry, you can have it a few more days. I’m not like a bad guy. I’m not like, “You will get this cutoff now. This is what I said,” okay? You can always have a few extra days more. It’s not the end of the world, don’t worry, I hear you. Thank you for contacting me.
But today’s video lesson, I’ve got to talk about my students. Dennis, even after yesterday, I highlighted some students. I keep getting more and more students contacting me. I freaking love it. Here’s Dennis, he started studying three months ago, first month with a profit. And he’s not American, but he says it’s roughly $806 profit to begin. And that’s awesome after three months of studying. Here’s Hebrew Hammer. He’s been a great student, and he’s been studying, and he’s been gradually growing his account. I think he started with just $500, and I think now, he’s up to $10,000, but he just had his first $1,000 profit yesterday. So congrats to him.
And then also, my student, Sergey. Look at this, I love getting screenshots. He’s like, “Thanks for teaching, Tim. I really appreciate your hard work. Finishing the year on a positive note.” And he made $1,794 yesterday.
And some of you guys are also contacting me saying, “Hey, Tim, can we just hear about the stocks? I don’t want to hear about the students.” But for me, it’s all mixed in; the stocks, the rules, the students. I need you to see it all. Because frankly, I’m very fortunate to talk with literally hundreds of thousands of people all over the world. So I see all these different angles. And that helps me understand the game better. And I hope that you guys see that, too. It’s not just about finding the hottest stocks. It’s about seeing that there are many different annuals (?), many different students trading many different strategies and patterns. This is a very big world. This is much bigger than “Westworld.”
But the student of the day that I want to really talk about and the lessons that he’s already given me is Steven, Steven Dux. Awesome student, awesome Challenge student. He just passed $600,000 on Profit.ly and he rewarded himself with a new car. Let me just show you his trades for a second. Hold on, let me pull them up.
Here is his profit chart and I just want to show you this, because he just started, literally, in February 2016 with $27,000. I called him yesterday, we had a good chat. And now, he’s passed $630,000. He verifies his trades. You can see his winning percentage is very similar to mine. If we look at his trades, sometimes he loses. It’s okay. He was shorting NDEV. This is one that I was dip buying, so we actually went head to head and I was right and he was wrong. It’s not the end of the world to be wrong.
But look at some of his biggest trades. He really nailed the shipping sector shorting it. This is why he just passed $630,000 shorting GLBS, SINO. Shorting NVCN, that was a great trade, shorting GENE. He really likes shorting, although he does go long, too. You see here, he made nearly $10,000 on SHIP. So I encourage you to go look at all of his trades and learn from them. His user name is Dux, D-U-X on Profit.ly, and that’s awesome. And he’s very helpful, too. Those of you guys in the Challenge room, you guys know that he’s been talking a lot and helping many of you guys. I love when students want to help other people. And he also…I mean, he’s down to earth. Look at him, he was trying to chase a GTR with his Audi. He’s answering people, he started with $27,000, eight months.
I don’t know what the $10,000 [inaudible 00:05:17]. “Big fan of your trading achievement. I was just wondering if you could mention how much he spent learning?” Yeah, so he spent a lot learning, you know? But he’s been studying. So this is the thing. A lot of people say, “Hey, Tim, I don’t want to study. I don’t want to learn.” And I’m like, “Well, how are you anti-education? How do you expect to do well if you just try and learn this stuff all on your own?” You probably can, but I’m telling you, it’s a lot harder. And if you invest literally just a few hundred dollars or a few thousand dollars into your education; you don’t have to go all out.
But obviously, the more that you spend on your education…and this is the max that anybody can spend with me. This is like learning in person. This is learning online. This is webinars. This is mentorship. That’s the max. And colleges that you see are $30,000, $40,000, $50,000 a year…and forget about medical school and legal stuff, it’s insane how much you can spend on a college education. Versus Steven where he spent a little money on his education, but now he’s made…roughly, what, 600 times this, or 60 times this…I’m not good at math. Sixty times already in the first few months. Now he has the knowledge and he’s well on his way. And you can see from his profit chart, he’s doing pretty damn good. So it’s not like this is going to end anytime soon.
So you have to invest in your education upfront. I wish that there was another way where you could just learn everything on your own, you didn’t need any education. But frankly, every single thing that we offer, whether it’s a DVD or in-person teaching, or mentorship, it’s all for your benefit, okay? That’s what some people don’t get.. I’m not pitching some bullshit scam here. I’m actually teaching you rules that work. And I’m showing you example after example.
And in case you don’t believe me, here are some of the great rules that Steven has already learned. I asked him just to highlight eight rules for the eighth night of Hanukkah. I had a conversation with him yesterday over the phone, great guy. And I said, “Just give me eight rules.” I was like, “No rush. If it’s before the eighth night of Hanukkah, that’s cool. If not, we’ll do it the first week, whatever.” Within 30 minutes, he sent me these eight rules. And you can see him here in the chatroom; I just highlighted a few people in the Challenge chatroom, he’s talking. He’s like, “All I learned is from you. Thank you for being the best teacher.” I said, “Thanks, man. Keep up the good work and remember not to force trades. Just take it one supernova at a time.”
A lot of people start earning this kind of money and they want to trade, trade, trade. They want to get to $1 million. That is not the proper mindset. You’ve got to think of yourself as a retired trader. And actually, in tomorrow’s video or the next video…I don’t know. I’m going to make a video lesson a day, but I have a crazy schedule the next few days. I’m going to talk about why I actually traded on Friday, even though I wasn’t planning to. So think about that and see why I did well, and I’m also going to highlight several of the top stocks that I’m watching when the market reopens on Tuesday. Remember, the market is closed on Monday.
But he also says this, “I’m starting getting stuff.” He says, “My car is not real. I’m not real in giving BS.” And people are like, “What did you expect? A-holes are a dime a dozen. Keep it real.” And he responds and he’s like, “I’m just not comfortable with people shooting BS. Tim is probably the realest teacher you can possibly find.” I appreciate that, Steven, but I’m used to it, okay? When you post pictures of your Ferrari and your Lamborghini, and your students who make millions of dollars from just a few thousand, it’s tough to believe, okay? So I get it. And remember, I’m in an industry full of scam artists. There are a lot of teachers out there, “teachers” who claim to teach you to be rich, but they don’t back it up.
So I don’t mind the doubters, I don’t mind the haters, I don’t mind the critics. Because this is all part of the game. That’s why I show you my students and show these trades, so that you understand the game. I am teaching you every single angle. And you can make money teaching once you achieve and be real. All you have to do is be real, that’s what’s so funny. It’s kind of sad that these wannabe teachers, they’re just not real, you know? They can’t show all their trades publicly. They don’t have millionaire students. Even if they do claim to have a millionaire student, they only post one screenshot. “Show me every trade. Just be fucking real.” That’s the secret to my success. I’m getting interviewed by a lot of these different magazines…they’re coming out in the next few weeks and months. And they’re like, “What is your secret to success?” And I’m like, “Just be real, you know?”
The whole fucking internet and the whole penny stock world and trading world is so full of scams. I mean, you go to one of these trader expos, and it’s just scam after scam after scam. I’m like, “Show me your trades. Why is that so difficult? Show me trades over years, over decades. Prove that you’re real. And don’t just show me hypothetical returns. Don’t show me simulated performance. Don’t show me percent returns. Show me how much fucking money that you’ve made.” If you’re getting in the stock market, you’re doing this to make money.
I don’t know the last time that I went to a grocery store and paid for my groceries with…”Here, the bill is $200, but I’ll give you a 20% return instead.” You pay with money. Dollars. And if you’re in other countries, there’s different currencies. You cannot pay for anything in the real world with percent gains or simulated gains. If you want freedom, you need to make money. I don’t know why this concept is so difficult. But I guess if you don’t have the expertise and you’re a newbie and you’re trying to pretend that you’re an expert, you have to be a scammer. I guess that’s the only explanation. But it’s just sad, you know? And in the future, if you want a big business online, just be real.
Anyways, let’s get to the top eight lessons from Steven. I’m sorry for the rant, but I have to help you understand all the different angles. That’s not why I’m worried about haters or critics, or doubters, or anybody who says that’s anything’s BS. I can back everything up. That is the beautiful thing. I would not highlight Steven. I didn’t even believe Steven at first. But he started posting screenshots. Look at Steven. Let me just show you something for a second. Not to mention he’s responding to everybody, which is awesome. But in the past, he’s posted some great screenshots of his profits, too. Look at him, he made $25,000 on GLBS. That was awesome. And he’s posting profits here. Here’s $18,000 on SINO, and it adds up over time.
Anyways, let’s get to the lessons. “Get out of a trade when you think it’s a gamble, 50% win or loss or not comfortable with.” And mind you, Steven, you know, for all his success, he doesn’t speak perfect English, so don’t give him shit about it. It’s fine. That’s cool. I wish that I spoke my second language as well as he does.
But he says, “Get out of a trade when you think it’s a gamble.” And this is such a good lesson, you know? If you’re not sure, you get out. “When in doubt, get out.” When you’re confident, be patient. This is so difficult for so many people where they’re like, “Tim, I don’t know what I’m doing. I’m in the trade. What do I do?” When in doubt, get out. And if you don’t know what you’re doing, guess what? It’s because you haven’t prepared, you haven’t studied, you don’t know the pattern. Maybe you like the news, but the price action isn’t acting right. Maybe the price action is acting right, but you don’t really understand the news. That’s why you’ve got to study. Studying not just to make more money, but to help you get more confident in what is a good trade, and what is the right pattern for you. Because we all have different personalities.
This one, we went over on the phone, and he said, “Don’t short a stock that’s under $2 million. Float just to be safe. Short squeezes can be crazy.” And a lot of people…you know, obviously, I’m a short seller. Primarily, this year was a little different; I had much more success on the long side. But there’s a lot of people out there who just like to short everything. And it’s a very dangerous, dangerous game, because we see a lot of these supernovas go further and further than they think possible. And all it takes is one of these trades, one of these supernovas to really surge. And you risk losing so much and you risk blowing up. I don’t want you to ever risk blowing up.
I don’t want you to be stressed. Trading shouldn’t be stressful. You see a lot of these gunslingers, and they post one or two screenshots here or there and you think, “Oh, shorting supernovas is the way to go.” But they don’t post their screenshots of their losses, and frankly, you know why? The reason why they’re not on Profit.ly. Because they have some massive, massive drawbacks…draw-downs. Lots of losses, lots of potential losses, lots of stress. Trading doesn’t have to be stressful. If you focus on the best patterns that fit your personality and they’re not very risky where you could blow up, guess what? Trading can be fun if you cut losses quickly. This was my first year I actually, truly got it. And I’ve been trading for 18 years. Eighteen years, and it took me that long to really clamp down on my losses. And now, trading is not very stressful. Although we’ll see next year, when I’m trading with a million-dollar account. The pressure will be on.
I don’t want the pressure to totally be off. Frankly, I trade with a small account in order to teach, but it gets a little boring sometimes. So next year, I’ll be having a $5,000 account and a million-dollar account. Two different ends of the spectrum. And you’ll see the strategy isn’t very different, but the way that I position size and the way that I enter and exit trades will be different. And the million-dollar accounts, there will be no alerts. Subscribers will get the live video lessons. And you’ll have to be a subscriber for that. That’s going to be really valuable information. That ain’t going on.
“Best to avoid taking three or more positions…or more.” I’m going to edit you, Steven. He posted this in chat to me, so give him a break, and this was really quick. But I agree. I don’t understand how some traders take five, six, seven, ten, 20 positions, and they’re hedged. I’ve never had success with that. I’ve never been able to do that successfully. I’ve tried. I’m good with one or two positions, and I like watching every single tick. I’m like a control freak. So I guess that works for Steven, too. He says, “Never, ever go over position size no matter how confident it is. I normally risk 5 to 10% of my account.”
So this one might be a little different for you guys, because Steven started with $27,000. So if he’s only risking 10% of his account, even when he started, that’s a $2,700 position. But some of you guys only have $2,700 in your account, and you’re like, “Well, if I follow this, I have $2,700 in my account, and I’m only using 10% of my account. That’s a $270 position.” It changes. And when I have a $5,000 account, every trade of which will be alerted and you’ll see exactly why I’m taking it.
My first trade, I actually got an early start. I have an overnight position, which I’ll talk about in a video lesson this weekend explaining that and several other hot stocks that I’m watching. And I was a little more aggressive. But that’s just me, because I’m, frankly, bored and I’m not a newbie. But you have to judge what makes you comfortable. Whether it’s 5%, 10%, 20%, 30% of your account. I would never do 75 or 100 or 150% of your account using leverage. I don’t care how great you are. I don’t care what your account size. I used to go all-in in the beginning and I was as dumb as shit, and I was very fortunate that I got started right during the tech bubble. So it didn’t come back to haunt me. But this is a little bit of a different market, and if you go all-in, you risk too much. Again, you have that stress.
Number five, “Opportunity always comes. Missing some is okay. Only go for the best trades.” I could not have said this any better, Steven. Thank you for saying this. You really do not have to be in a trade every second. I know you feel like if you’re not in a trade, your money isn’t working. But cash is a position. Cash is usually the best position. So if you can wait…and frankly, Friday, yesterday was a really good example. I really did not intend on trading, because I’m rebalancing my accounts. It gets messy. At year end, I wanted to start the new year with exactly $5,000 and exactly $1 million. But at the same time, if there’s a great trade, I’m not just going to ignore it. And that’s the kind of way that you should think all the time. Imaigne if you’re always December 30th and always the final trading day of the year, and the next day, you have to rebalance your accounts, you don’t want messy math. If you use that mentality, like the mentality like you’re a retired trader and you don’t have to trade, it forces you to ignore a lot of shit. And it forces you to focus on only the best trades. And usually, the best trades with the best patterns work out the best. But it’s tough to have patience, I get it.
Number six, “When it’s a sector hype play, do not short two stocks in the same sector.” I actually disagree with Steven on this, but he’s had more success lately, so we’ll see how I do with my $1 million account. When there’s a hot sector, I like trading one or two…maybe even three stocks. But again, it is difficult to watch all of them, so I understand Steven’s point. And he’s just scared of blowing up with shorting, and I appreciate that. He has the right gist. He has the right mindset. And many short sellers don’t. There are too many gunslinger short sellers right now, and I think it’s just going to end badly for them on one of these supernovas.
Number seven, he says, “Never chase a stock. Sometimes, you can get away with it. It’s not worth it in the long run.” Thank you, Steven. So many people are so afraid of missing a trade. FOMO, fear of missing out, that they start chasing. And maybe in this market, it’s okay because this is a crazy bull market. But trust me, if you learn the wrong things now, if and when the market inevitably changes, you will learn very bad habits, and they will come back to bite you in a very bad way. And even in this market, you still might lose. So please don’t chase stocks.
Lately, I’ve been really dip buying stocks, and I’ve been doing better on my dip buys than really ever chasing the spikes. And if you dip buy, guess what? If you’re wrong, you simply cut losses quickly. It’s not as scary, it’s not as fast, because the stock is already depressed. If I’m buying a stock and I think it’s going to break out, or I think it’s going to morning spike and it doesn’t, I usually will lose. And not necessarily lose a little, because if you’re chasing and you’re buying on a quick morning spike, it can come down very quickly. So forget about never chasing stock. For me, I also like…I really greatly prefer dip buying. And I’ve done several videos lately explaining that.
Number eight, “Success adds up day by day and every day studying. The strategy gets old, but your brain doesn’t get old, so always ask why. The more you learn, the better you are!” And I had to read this one a few times. “The strategy gets old, but your brain doesn’t get old, so always ask why.” This sounds like something like Yoda would say, right? This is cool. And it’s good…I mean, I could have edited this. I didn’t edit any of this. I don’t want to edit Steven’s words.
And I think what he’s trying to say is that the strategy, you can get comfortable with it, but your brain can never be totally comfortable and totally confident. And you have to wonder why. Because your brain is always moving forward. The strategy pretty much stays the same. With a few minor adaptations…like, “Okay, this is a new hot sector. The market environment is a little more bullish lately. Okay, these supernovas can go a little further, so you can get a little more aggressive on the long side, a little more conservative on the short side.” But it’s still basically the same pattern of the supernovas that I’ve been tracking for the past two decades. But your brain is constantly taking in new data, new inputs. And you need to constantly adapt.
And I know several of you guys, you’re six months in or you’re nine months in, and you’re like, “I really almost get it. I’m almost there.” You’re not. You might be almost there to a point where you can consistently profit and that’s cool. It took Tim Grattani nine months to consistently profit, and now he’s taken $1,500 into $3.4 million in his fourth or fifth year. But at the same time, even when you are consistently profiting, sometimes, you still have to go backwards. Sometimes, you have to still learn a tough lesson and take a loss every now and then, and keep adapting. Keep learning, keep getting better. Even if you are consistently profiting, guess what? You can profit even more. You can do better. That is the beauty of our brains. That’s the beauty of education. So even at 18 years in, I’m still learning. This was literally my first year without a giant, giant loss. That’s pathetic. It took me 17 years? I can guarantee you guys that with this education, with enough video lessons and studying these plays in real time, ideally, it’s impossible for you to be as dumb as I am. For it to take you 17 years to be without a big loss.
And Tim Grattani, I think this is his first year without a big loss, too, if I remembering correctly. I mean, he still has some losses. But nothing, like, huge. Nothing that’s going to make him so stressful. Nothing that’s going to risk him blowing up like too many traders do. So he learned in four years, I learned in 17, 18 years. How long will it take you to learn? I don’t know the answer. But I can guarantee you the more that you study, the shorter your education learning curve will be.
And that’s what this is all about. There’s no such thing as perfection in trading, okay? And this is me just being real. There’s no magic bullet, no secret formula to getting rich. But if you combine lesson after lesson, pattern after pattern, rule after rule, along with your experience, along with your studying in the past…if you don’t have a lot of experience, you study trades from the past. So while I have 4,000 video lessons, they’re only five minutes long each. Think of it as your history lessons. You’re studying the past. You’re studying the Roman Empire, the Byzantine Empire, the Egyptian Empire. And you’re seeing what correlates and what changes over time.
Anyways, Steven, thank you for this great recap of your eight key lessons. I’ll get into this in more detail in a little bit, but I just wanted to share this. As your eighth night of Hanukkah approaches…and Steven, excited for you to see what you can do in the future. Stay tuned for a few days from now, I’m sending you a little gift, and I hope you like it. Just a little gift. Nothing huge, but it’s good to celebrate milestones, and it’s good for you guys to see what’s possible. As I create more and more six-figure students and seven-figure students, you see it’s not just luck. It’s not just one or two guys. Now, I have dozens of students in the six-figure mark, and it’s only a matter of time until they get to seven figures if they keep studying and they keep adapting.
Happy Hanukkah, Happy New Year to everybody. Please take advantage of this holiday sale and please watch my free trader checklist guide. You have a few more days. Don’t burn out, have a good night tonight, be safe. Thank you