Despite racking over $7.5 million in career trading profits, I’ve had significantly greater success as a mentor and coach.
30+ millionaire students prove that.
But it’s not all sunshine and rainbows…once you commit to working with me, I’ll push you to reach your highest potential.
And sometimes that means me being tough on you.
Today, I will share a recent conversation with one of my star students and the five pieces of brutally honest advice I gave him.
Table of Contents
- 1 Before I Get Started
- 2 1. Adapt to the Current Market, Not Yesterday’s
- 3 2. Acknowledge the Role Emotions Play
- 4 3. Risk Management Over Potential Gains
- 5 4. Embrace and Fuel the Squeeze, Don’t Fight It
- 6 5. Continuous Learning Is Your Best Tool
- 7 Are You Ready To Thrive In This Chaotic Market?
Before I Get Started
Most people don’t have the guts to open a trading account and pursue their dreams. That’s why I constantly encourage all my students who are trying. It doesn’t matter if they’re earning $5 in trading profits or $5K, what matters is they’re doing the right things.
You see, most people will discourage you from trading. They’ll say stuff like you need to go to school for finance, that Wall Street is too good, and you shouldn’t bother competing with them… it’s easier just to give your money to a financial advisor, blah…blah…blah.
I’m tough on my students because I want them to win badly.
I want them to prove their haters wrong and achieve even greater success than I have.
Sykes is a great trader but above that, he is a marketing genius. He was the first guy posting Lambos then he was first guy selling the Lambos, first guy with a school of millionaires. First laptop trader from the pool. The myth, the legend @timothysykes https://t.co/CRInQnlxaS
— 🇺🇦📈Nikolas Pareschi, MSFE, Scl🧋 (@PareschiNikolas) September 27, 2023
Which brings us to today’s lesson…
Over the last few weeks, we’ve seen several single-day triple-digit gainers…
It seems like every day now, we have one or two…yesterday it was in PIXY and SPRC…the day before, it was in FEMY and SLNO.
They’re good old-fashioned short squeezes.
And the crazy thing is…the worse the company…, the greater the squeezes.
Yet, some of my students are shorting these stocks.
Including one of my top students, Ellis Hobbs, a former NFL cornerback who has transitioned into an exceptional trader.
He likes playing both sides of the market, switching from taking longs to taking shorts.
But he could be doing A LOT better if he focuses solely on going long.
Because short selling takes a toll on you emotionally.
The higher the stock increases, the more you know you’ll be right.
That said, it becomes harder to cover a short because you FEEL it will sell-off…
It’s that feeling that can get you in TROUBLE.
It makes you want to hold on for longer, disregarding risk management rules, and even worse, add to your short to get a “better average price.”
And while Ellis hasn’t had any devastating losses from short selling yet…he and all my other students who still think it’s a viable strategy are just one trade away from getting smoked.
1. Adapt to the Current Market, Not Yesterday’s
When I first hit the scene two decades ago, I was primarily known as a trader who shorted crappy penny stocks.
Many of my students know that and believe because I did it in the past, it’s the way of the future.
However, the risk vs. reward dynamics have shifted. It’s easy to get caught on the wrong side of a short trade and get demolished.
The squeezes have gotten so much bigger and far more insane.
Every strategy has its heyday…
I’m sure once we have enough shorts blown out…the strategy will again become viable.
But right now, it’s way too crowded…and that’s why we’re seeing so many short squeezes.
The stock market is constantly evolving.
Don’t think just because something worked well in the past…it will work in this current market.
Heck, I’m constantly refining and tweaking my approach.
2. Acknowledge the Role Emotions Play
Trading, especially short, isn’t just about numbers– it’s about the mental and emotional toll it takes. The urge to hold, the burn of watching a stock defy logic and consistently push higher, the relentless hope that it will fall…
These are feelings, not strategies.
And feelings can lead you down a dangerous path in trading.
Fun fact, the market doesn’t care about your emotions, so don’t let them be the pilot of your decisions.
3. Risk Management Over Potential Gains
The allure of a “better average price” or waiting for that market shift might seem tempting. But let’s get real: every trade that doesn’t follow risk management rules is a potential disaster waiting to happen.
Be it shorting or any other strategy, the risk must always be calculated and contained. Remember, it’s not about making a fortune in a day…it’s about not losing one.
4. Embrace and Fuel the Squeeze, Don’t Fight It
Managing your emotions in trading is difficult enough. Why make the act of trading hard?
Thanks to a new legion of traders, the markets are witnessing some of the most significant squeezes ever.
And while it’s easy to point fingers and lament, why not be on the right side of it?
Adapt strategies to use these squeezes to your advantage instead of being at their mercy.
Today’s market thrives on these, so join the party instead of watching from the sidelines.
5. Continuous Learning Is Your Best Tool
In a fast-moving market, staying updated isn’t optional– it’s essential.
The dynamics shift, new trends emerge, and what worked yesterday may falter today. It’s easy to get complacent, especially after a few good trades.
But remember, the market doesn’t sleep, and neither should your thirst for knowledge.
Keep learning, evolving, and striving to be better than yesterday.
Because in trading, your biggest competitor is not the market but yourself. Stay ahead by staying informed.
Are You Ready To Thrive In This Chaotic Market?
Navigating today’s unpredictable market can feel like walking on a tightrope without a net.
There’s a lot to handle, from unexpected short squeezes in stocks like PIXY, FEMY, AVGR, SLNO, and SPRC to the emotional rollercoaster of short selling.
The market landscape is continually shifting and sticking to old strategies? It might just be a ticking time bomb waiting to explode.
And trust me, I’ve been there, done that, and have mentored over 30 millionaire students.
🔥 Being on the wrong side of a short? It’s a gut-wrenching experience.
🔥 Witnessing stocks with poor fundamentals soar? It’s the new norm.
But how do you safeguard your investments and, more importantly, your peace of mind?
🚀 Unlock strategies rooted in two decades of trading experience and adaptability.
🚀 Experience real-time analysis, highlighting the logic behind seemingly illogical market moves.
🚀 Don’t just be a spectator – learn to master the game.
Ready to arm yourself with strategies tailored for today’s challenging market? Want to trade with confidence, knowledge, and a playbook straight from someone who’s seen it all?
Step into the Trading Arena Equipped and Informed.