5 Pillars That Helped Me Bank $7.5 Million In Trading Profits

By Updated on September 8, 2023

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It’s true…

Most people who try their hand at trading fail.

However, that doesn’t have to be your reality.

In fact, I’ve helped over thirty of my students become millionaire traders.

Not only that, but I recently reached $7.5 million in career trading profits. 

I’m not saying all this to brag…

My track record speaks for itself.

What’s helped me achieve such unusual results?

It boils down to these five pillars.

Pillar #1: Patience

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Want to make a lot of money in the stock market?

Start slow.

And give yourself enough time to learn and develop your skills.

Unfortunately, everyone seems to rush to “get rich quick.”

But that rarely, if ever, works.

My top students struggled their first few years.

However, they didn’t measure progress through their PnL.

And if you want long-term success, you shouldn’t either.

Instead, focus on building your knowledge bank first.

Learn different patterns, setups, and strategies. And slowly find out what works best for you.

Pillar #2: Safety First

Tim Sykes prepares for a potential market crash in 2022
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The reason why I’ve lasted so long is because I’ve always put safety first.

My top rule in trading is to cut losses quickly.

Even if you trade like crap for the first couple of years if you manage to cut losses quickly, there’s a chance you can turn it around.

However, if you’re overly aggressive…like many of the short sellers I see in the market…then one or two bad plays can wipe you out.

You need screen time to develop experience. By keeping your losses small, you will buy yourself time.

Pillar #3: Be Flexible

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When I first started gaining fame in my early 20s I was known as a short seller.

The guy would call out pump and dump promotions.

The strategy made so much sense. These were crappy companies destined to decline after they got pumped.

However, as more and more people started using the strategy…the risk vs. reward started to shift.

In fact, over the last five years or so, the risk vs. reward no longer made sense.

I could have been stubborn like many short sellers are.

But I recognized that there was significantly more upside in buying these stocks because so many crowded shorts are in them.

If you’ve been following the market closely, we’ve seen some epic short squeezes in symbols like PALI, VERB, and even AREB yesterday.

These opportunities exist because crowded shorts are in them.

The markets evolve, and some strategies work better than others. It’s your job to recognize these changes and adapt.

And while I’m far from being the best trader, I’ve improved because of my ability to adapt.

Pillar #4: Discipline

frequently asked questions about penny stocks to watch
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You don’t have to be a genius to trade.

You don’t need exceptional math or problem-solving skills, either.

However, you must be prepared and come to the day with a plan.

Every morning, I have a watchlist that I lay out. It consists of a handful of stocks I may or may not trade that day.

Before I place any trade, it must fit my criteria.

Not only that, the price has to be right.

For example, we’ve all seen these low-float, highly shorted catalyst stocks take off lately.

But just because I have recognized the right stock to trade, I can still lose on the play if I chase or if I overleverage.

Instead, I size accordingly, and I wait to enter at a price that makes sense.

If you’ve been following this blog, then you already know…

I’m typically buying when I see a panic dip near the open.

If I miss the entry…I am watching on the sidelines.

I’m not letting FOMO get the best out of me.

And that’s one thing I see a lot of lately.

I see traders getting into the right stocks…but their lack of discipline is hurting their chances of success.

Some traders will miss their entry…watch the stock “they should have been in” take off…get super upset…and then revenge trade.

That’s a recipe for disaster.

Instead, review the trade you missed, and ask yourself if there was any way you could have entered without exposing yourself to too much risk.

If you struggle with discipline then make rules for yourself.

Pillar #5: Trade With An Edge

tim sykes on edge
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I’ve been trading for more than 20 years…

One of the keys to my success is I’ve stayed in my lane.

You won’t catch me trading penny stocks one day and then futures, options, or cryptos the next day.

I know what I’m good at, and I work at getting better at it.

Trading isn’t like MMA where you need to be good at everything.

You just need to be good at a few setups, be disciplined enough to not style drift, and focused on risk management.

My edge lately has been in panic dip buying highly shorted penny stocks.

I’ve also found great success with my weekend strategy. 

You see, I journal all my trades and then I review them.

If you do this long enough, you’ll eventually discover what your strengths are.

Bonus Pillar #6: Surround Yourself with Excellence

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Success in trading isn’t just about strategies…

It’s also about community.

Being around experienced traders accelerates your learning curve and boosts your confidence.

That’s why I’ve created an exclusive opportunity for you. 

Join our live training sessions, where we dive deep into stocks, strategies, and the crucial trending mindset.

Engage with top-tier traders and elevate your skills, all at zero cost.




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Comments (1)
Author imageTimothy 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 Trading 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 30 Day Bootcamp, it will teach you everything you need to know about trading.

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