How My Top Trading Challenge Student Made $500,000+ Last Month

Top Trading Challenge Students

My Top trading challenge Students have been on FIRE lately!

URGENT: Watch my top trading challenge students and I get in a massive champagne and shaving cream pie fight on TV tonight at 9pm EST on Bravo’s “Below Deck”, including Tim Grittani, who this blog post is about!

My top trading challenge students have been on fire lately as this crazy stock market is offering up trading opportunity after opportunity just about every day as I reviewed in this new video lesson:

…and while dedicated students like this hardworking student made over $100,000+ last month, which is AWESOME considering he began 2017 with just $4,000 and now has passed $400,000 in total profits as you might’ve seen in this new video too:

…I have to give even more props to my top trading challenge student Tim Grittani who was featured by CNN here and who I featured in the blog post “40 Lessons From Tim Grittani Passing $4 Million In Profits“, and we just filmed this great video in Bali a few weeks ago:

…who also deserves a longer blog post with the 50 best lessons from his journey since he just passed $5 million now in a few years since beginning with just $1,500 of his own money as he had his best month of his career, profiting $559,650 in VERIFIED profits in November 2017, including all his losses too which you can see fully outlined and detailed publicly here.

And as I said in that video lesson I linked above, Tim Grittani has now made nearly $2 million in 2017, despite taking several weeks off to visit Iceland and travel all over America too…as that’s the beauty of trading stocks, you don’t get paid hourly or weekly or even monthly, you can take time off whenever you want, you just have to be prepared when there are solid trading opportunities…and Tim Grittani certainly was ready these past few weeks with mammoth trading profits on some of the most volatile stocks in the market like:

Now, I want to go into detail with the 50 best lessons from Tim Grittani’s $5.4 million in career trading profits, which is nearly $1 million more than me, but it’s taking a while to write it all out so for now I asked Tim Grittani to email me with his 5 top tips which I’m proud to share with you here:

Hope these are good! As always, thanks for everything!

1. Make sure you can afford to lose

Pretty much every single great trader I know has suffered AT LEAST one account blow-up in their early days of trading. Some even talk about blowing up four or more times before becoming successful. The point I’m trying to make is that no matter how ready you think you are, you must put yourself in a position where you can afford a big setback or two. I was no exception, I lost my first $1500 I put towards trading. In my case, I could afford to lose because it was only $1500, a VERY recoverable amount. In other cases, you need to make sure that you don’t have an immediate need for profits. Success is going to take time, usually months, or even years, and if you’re pushing yourself because you’re worried about how you’re going to put food on the table, your trading will suffer. Waiting sucks, but if you have to take the time to work extra and save up extra money first, you absolutely need to do that.

2. Learn from your losses!

Not every loss means you did something wrong. There are plenty of times where you may have had a good idea and the setup may have been perfect, and it just didn’t work. That’s trading, nothing is 100%. But there are also a lot of times where you’re going to screw up. You might chase an entry, trade too large, fail to cut a loss, the possible mistakes are countless. Hold yourself accountable! When I went through my big slump in 2015, I corrected myself by literally keeping a journal of every loss I took where I felt I did something wrong. I tallied which mistake I made, and was able to see at the end of each month just how undisciplined I had been in each area. Every month I worked to improve, and while I’m still far from perfect, I’m happy to say that my discipline is far more under control than it used to be.

3. Do not trade on margin, especially if you’re new!

No, this doesn’t mean don’t short-sell. Of course you need a margin account to do that. What this means is don’t leverage yourself. Just because the margin account can give you an insane amount of extra buying power, you don’t have to use it! It’s one of the most dangerous things you can do as a trader and you’re basically inviting disaster. Many cryptocurrency traders learned this the hard way the other day. When you’re leveraged out of your mind in an illiquid market, stop orders become unreliable, and it’s very possible that your sell order executes much lower than you planned for. In extreme cases, you could wind up owing your broker money. So don’t invite disaster, trade responsibly ONLY with the money you actually have.

4. Find your niche.

Chances are you’ve heard this one before. Easier said than done, right? This also ties in to the concept of being able to lose. There are a LOT of different strategies out there. I’m not successful because I can trade any stock or any setup thrown at me. I’m successful because I’m very good at a few select situations that I see the market present over and over again. How did I get there? I tried a lot of different things when I first started out. This doesn’t mean be careless, this doesn’t mean overtrade, you still want to put your best foot forward with every trade that you take and have a clear reason for taking it. But while you’re testing things out, track your results, and also keep track of how you feel. What setups are you seeing the best results with? Where are you failing? What trades are you the most comfortable in? When are you the most nervous? If you can answer these questions, it can go a long way towards pointing you in the right direction. Cut out what isn’t working, focus on your 1-2 BEST areas, and let that consistency carry you! Once those trades are like second nature, you can start adding new setups to your arsenal. That’s exactly the path that I took and it worked wonders.

5. Use key chart points to make your decisions!

This is so huge to success in my opinion. I’m sorry, but I think the concept of “I’ll just stop out at a 3% loss every time” or something like that is complete garbage. If you’re not following the chart and you’re using preconceived numbers for every situation, you’re going to be making very bad decisions at very bad times. The same goes for trailing stop-losses. When making decisions, follow the CHART. What key areas have acted as support? Which have acted as resistance? I use the answers to those questions to make all of my decisions. Do I get faked out sometimes? Absolutely. But remember, you can always get back in! It is FAR cheaper to get faked out every now and then than to have a huge stubborn loser.

My Tedx Talk On Charity And The Power Of Giving [VIDEO]

The Power Of Giving

The Power Of Giving

A few weeks ago, I checked off one another one of my goals on my bucket list as I was honored to give not one but two TedX Talks and while my first one about education and social media in Sydney, Australia still has yet to be posted online (to all of you messaging me daily, don’t worry, I’ll tell you when it is posted), my 2nd talk on charity and the power of giving in Jakarta, Indonesia was just posted so here it is for your viewing pleasure, and thanks to my hardworking team for transcribing it below too for my valued deaf trading challenge students:

Download the key points of this post as PDF.

Also, this one was a Tedx Youth event so it was pretty interesting trying to get a bunch of young capitalists into the charitable mindset…please leave a comment below this post and let me know what you think! Continue reading

Watch Top Students & Timothy Sykes On TV Tonight

Tim Sykes On TV

Watch Top Students & Timothy Sykes On TV Tonight

URGENT: Final 72 hours of this Thanksgiving Sale and this blowout sale too

Download the key points of this post as PDF.

I’ve got a lot going on right now as I said in today’s video lesson:

Making a few thousand dollars on today’s trading thanks to this classic pattern that far too few of you are taking advantage of despite my making literally hundreds of video lesson on this one pattern as you might’ve seen here, being a month late with my 1 Bitcoin giveaway (which benefitted the winner as Bitcoin’s value has surged fro $6,000 when I announced the contest to over $10,000 now, and doing charity all day while I’m here in Asia…check out how cute these kids are at the latest school I helped out here in Thailand: Continue reading

The Winners Of My 2 Latest $10,000 Giveaways

$10,000 Giveaways

The Winners Of My 2 Latest $10,000 Giveaways

To me, money isn’t just something to be used for buying things, it can be used as a catalyst to help improve your life through education.

Download the key points of this post as PDF.

 

URGENT: Just 72 hours left to grab this blowout sale HERE and this one too

URGENT PART 2: Watch my top trading challenge students and I on Bravo’s “Below Deck” TV Show tomorrow night, November 28th, 9pm EST…should be VERY interesting to watch LOL

As you might know I LOVE doing giveaways, whether I’m giving away $1 million like I did here to my favorite charity, Pencils Of Promise, or just walking around Los Angeles and giving away $20,000 cash as you might’ve seen in this video:

Continue reading

How Can Penny Stocks Make You Rich?

can penny stocks make you rich

How Can Penny Stocks Make You Rich?

First, I’m getting a ton of questions about this Thanksgiving Sale…it goes ONLY until the end of the month so you have 4 days to save 30-70% off on this blowout sale

Second, I’ll announce the winner of my Bitcoin giveaway tomorrow and be thankful that I’m so behind on everything since the value of Bitcoin has risen from $6,000 to $9,600 at the time of this blog post, so I really will be giving away roughly $10,000 to one lucky individual so stay tuned.

Download the key points of this post as PDF.

Third, my top Millionaire trading challenge students and I will be on Bravo’s “Below Deck” this coming Tuesday night, November 28th, 9pm EST so tune in as it should be an interesting episode 🙂

Fourth, the stock market is SO insane right now, be sure to watch out for my subscriber watchlist later tonight, it’s JAM PACKED with so many hot plays for tomorrow! Continue reading

6 Tips For Replacing Bad Habits With Good Habits

Replacing Bad Habits With Good Habits

Replacing Bad Habits With Good Habits

Bad habits can be a tricky thing. Everyone has them, but few have the self awareness to identify them. Fewer still have what it takes to banish them…and once you banish them, you can really move forward faster as that’s what I want — more Millionaire trading challenge students moving forward with their account value and their own knowledge base too.

Download the key points of this post as PDF.

Save big on my Thanksgiving sale HERE

To be the most successful, you really have to nitpick everything in your life, from your habits to your friends, to the websites you use…for example, in trading choosing the right broker matters A LOT as I explain in this new video lesson: Continue reading

The Hottest Sectors In The World That Everyone Hates On

Hottest Sectors

Hottest Sectors

Lately I’ve been talking A LOT about this hot sector and despite it being the best-performing asset class IN THE WORLD, I get more hate-filled messages about it than even the hate-filled messages I get every day related to penny stocks!

Download the key points of this post as PDF.

That’s why I just made this new video: Continue reading

Why This Is One Of The Most Important Rules I Follow

Important Rules

Important Rules

The other day in this blog post, I announced I’d be giving away 1 Bitcoin, which, at the time was worth $6,000.  But, as I write this new blog post, its value has increased to $7,200…I literally got tens of thousands of people applying to win, so its taken some time to go through everyone’s comments…I’ll be announcing the winner in a few days, most likely on Tuesday, along with my thoughts on Bitcoin and crypto-currencies so stay tuned!

Download the key points of this post as PDF.

In the meantime, the penny stock market is on fire as my trading challenge students and I made $500,000+ already this past week, as I posted the other day: Continue reading

Why You Need To Listen To The Steady Trade Podcast

Steady Trade Podcast

Why You Need to Listen to the Steady Trade Podcast

Do you want to succeed as a day trader? If so, there’s a new tool to add to your arsenal. You need to listen to the Steady Trade Podcast! This new podcast is unlike any other resource about day trading. The podcast just wrapped up its first season and already boasts hundreds of rave reviews from its fast-growing audience and, more importantly, OFFICIALLY LAUNCHES SEASON TWO TOMORROW so get ready!

Download the key points of this post as PDF.

If you read this blog often, you know that I’m constantly urging students of the Tim Sykes Millionaire Challenge team to expand their horizons by learning all they can about trading and the world, and from a variety of sources. The Steady Trade Podcast is the most exciting new educational trading resource in quite some time. Here are some of the reasons why you need to listen to it: Continue reading