5 Millionaire Student Tips for Success

5 Millionaire Student Tips for Success

Here, I’ll detail 5 successful millionaire students tips. When I first started my Millionaire trading challenge, I had a dream — I wanted to create new millionaires through my teachings, which were learned over a decade of my personal trading experiences, all the good and the bad things that I have learned, so that others could benefit from my experience.

Download the key points of this post as PDF.

A few years later, I have now reached my initial goal of creating a few millionaires like this guy and this guy; now, I’d like to give them a moment to impart some wisdom.. Read and re-read these tips, because they can contribute to your own success and might just inspire you to try something new.

1. Give my millionaire trading challenge a chance. My first student to break the million dollar mark, Michael Goode, was initially skeptical of the Tim Sykes Millionaire Challenge. Actually, skeptical is putting it lightly: he described me as being full of it and thought that I claimed too much when I said I could help people become rich.

Well, after much debate on the subject, he decided to give my challenge a try. Within a year of giving me and the challenge a chance, he had made about $77,000. Guess what?  His opinion changed. Not long after, he was my first student to break the $1 million dollar mark.

Honestly, I don’t care if you’re skeptical of the Challenge; I’m secure in that it delivers results. Are you brave enough to see what it can do for you?

2. Great success takes time. If you read this blog on a regular basis, chances are you’re familiar with the name Tim Grittani. One of my stop students, to say that Tim is killing it would be a vast understatement. He’s constantly breaking barriers, and recently surpassed $4 million in profits. He’s one of the most impressive members of the Tim Sykes Million Challenge team for sure.

One of the best things about Tim Grittani is that he is completely humble and also transparent. He’s transparent about every trade he makes, and about his methods for success. This makes him a great teacher in addition to a great trader and I’m so thankful that he now helps me mentor other trading challenge students too. Basically, what I am saying is that when he offers guidance, accept it for the wisdom it is.

On his recent roundup of 40 lessons upon surpassing $4 million in profits, one of the most valuable ones is this: great success takes time. Although he’s one of my most successful students, he hasn’t always been a big winner. For the first 9 months of his studies, he wasn’t even consistently profitable. However, he was able to stick with it and be patient. It pays off. But it takes time so be sure to have patience, especially the first 9-12 months of your journey!

3. Do your homework. My student of the year in 2016, Mark Croock, has made great strides as a trader since entering my Millionaire Challenge. He deeply dedicated himself to his studies–in fact, he’s one of the only students who I absolutely know has watched all of my video lessons at least 3 times.

His great wisdom to impart? Always do your own leg work. Don’t trust anyone else when it comes to stock market picks or research: always be willing to do your own due diligence. While you can learn a lot from others, ultimately it’s your money that’s on the line when you make a trade. Don’t get greedy, and don’t get lazy, especially when you start making money. Chances are, if you stop being diligent, you’ll ultimately lose everything you made and then some.

4. Follow the rules. One of my millionaire students, stay at home mom Jane Gallina, had a tough go of things when she entered my Millionaire Challenge. Why? Because she wanted too much too fast. As she puts it, “During the first three months, I admit I did not follow the rules. I was a bag holder, revenge trader and positioned too large. I burned through $6000 in just a few short weeks. Afterwards, I took three months to re-establish myself and find my bearings through strict discipline and focusing my studies on my weaknesses.”

Ultimately, Jane’s losses and so-called failures turned into her biggest teachers. She was able to look at her process constructively, and recognized that by deviating from the rules and trying to take shortcuts, she wasn’t doing herself any favors.

However, she was able to turn it around; within eleven months, she was consistently profiting and on certain weeks, making more than her husband, who has a solid job as an airline pilot.

There’s a lot of value in Jane’s story; let her be your mentor on this so you don’t have to lose the money that she did. The lessons exist for a reason; stick to them, and learn the proper rules. You’ll be thankful for it when you begin to make consistent profits!

5. Remember your goals. Do you remember why you started trading? If not, it may be time to take a pause to remember your goals. This piece of wisdom actually comes from a new student in my Millionaire Challenge, who I am sure is going to go great places.

He came to my challenge tired of just getting by in life. He wanted more, and wanted to become financially healthy. He sets short term, mid term, and long term goals, which he credits as a key factor in helping him grow, not only in his trading, but in life. Each week, he sets a goal and repetitively works toward it throughout the day, each day. By learning to work toward something specific, he’s been able to fine-tune his abilities.

I cannot stress this enough: goals are vital to finding success as a trader. They act as your motivation and as your barometer for success.

My top Millionaire trading challenge students constantly inspire me with their drive, motivation, and ability to create their own success. They all had the faith to join my Millionaire Challenge, and are currently killing it. You, too, can benefit from their hard work by learning the lessons that they have to impart. Let these tips act as inspiring lessons that you can apply on your own road toward trading success.

Leave a comment if you promise to be dedicated in your studies and over time you might just be one of my top students!

Posted in Millionaire Habits

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46 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. Eric

    True dedication takes devotion, diligence, and determination… Everyone and their mother can say ” I’m going to be your next millionsire” , but how many realize the true sacrifice they need to make to achieve that goal. It is not just the money , but it is the millionaire mindset, routine, and study time that makes you a millionaire. Millionaires aren’t created in a day or a few months, but they can be created in a year or two. Realistically , it will take much longer. Have patience, and with the right attitude, the millionsire mindset and money will be yours

  2. Eric Eisenstein

    Hi Tim,

    I am really looking forward to beginning the trades with you all! I just got stockstotrade, E*TRADE, and profit.ly up! Looking forward to learning more everyday!

    Thanks Tim!, MMP!

    Eric E.

  3. Victor

    I’m going to be dedicated in my learning. Hopefully I can be your first millionaire student in East Africa

  4. Sunjay

    I’m so ready to start learning the material ! Thank you tim for the wisdom you are willing to share

  5. Janie Borden

    Yes , I do. I’m completely 110% gonna keep studying every thing you throw my way . I searched you out , I’m not given up that easy ! Lol

    When the time presents itself , I will be you’re next millionaire!

    You want top results , you go to the top is my motto !

  6. Tim Vaughn

    Thank you Tim, another great article. Keep ’em coming. This is the reason I get up everyday.

  7. barbara

    I continue to read and study. Definitely understand why you encourage people to read, re-read and then read again your lesson. Each time I think, O.K. didn’t remember this.

    Thanks

  8. Anonymous

    Dedicated, Goal orientated, to study, study and study more, learn and stick to the Rules

  9. Kenneth

    Dedicated to be goal orientated to study study and study to learn the lessons and the rules to become a successful Trader.

  10. Ruben

    Great blog Tim. I will definitely keep this in mind at all times.. Thank you for all your inspiration and wisdom, you are truly an amazing person.

  11. kevin onyedikachi

    hey great and motivational blog from you tim.proud to have you as a mentor. I will always study day and night till i make it in the stock market because one way to gain financial freedom by putting much effort and hardwork in anything we do

  12. Desmond

    I know Successful habits creates successful life. I will commit myself to your studies & I know I will surely get there.

  13. Ashley

    The most exceedingly awful thing is when people start treating their site like a business. When it’s tedious to stay in contact with, it’s moreover tedious to scrutinize.

  14. DNN

    One thing most people fail to realize when starting and running an online business is in order to be a future online millionaire, don’t concentrate solely on making money online everyday. Instead, focus on creating quality content and building & sustaining meaningful relationships with your target audience. Good relationships + content written of quality works hand in hand like Ebony and Ivory living in perfect harmony. Put people 1st with engaging content and profits will pour in day in and day out when least expected.

  15. Montse

    Thanks Tim!! I want to become in one of your success Millonaire Students too! Actually l´m doing my work studying and learning a lot from you and your top students! Good advices in this post!!

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