Freedom’s taken on a whole new meaning this year, hasn’t it?
The stock market’s changed a lot, too. In March, we entered a bear market after a bull run of 10+ years … But that doesn’t mean things slowed down for me or my students.
In fact, pretty much the opposite — many of us are reporting crazy record profits.* This market volatility is unlike ANYTHING I’ve seen in my 20+ years of trading.
I made $125,000 TOTAL in 2019.*
(*Please note: My results, along with the results of my top students, are NOT typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of years of hard work and dedication under our belts. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
A lot’s changed since this time last year … but a lot’s the same. Like the fact that if you want to take advantage of the market — crazy volatility or not — you’ve gotta learn the rules, study hard, and be prepared for opportunities.
The stock market isn’t open today in observance of the Fourth of July, but you can still work toward your goals.
You can study or watch my YouTube videos. It’s a good time to learn from the past. At the very least take time to be thankful for the freedom you have now.
Table of Contents
Independence Day: What It Means
On this day in 1776, the original colonies signed a declaration of independence from the British monarchy. With a fateful series of signatures, the U.S. got its start.
Hopefully you remember that much from history class. But have you ever really thought about how that moment has impacted your personal existence?
If you’re a U.S. resident, even if you’re still in some sort of lockdown, you still have PLENTY of freedom. In general, you have good access to clean water, food, medicine, and healthcare. Not everyone in the world is so lucky…
The people of Yemen aren’t as fortunate as many of us right now. In fact, their circumstances are downright dire.
Yemen is in the midst of a humanitarian crisis due to a civil war plus the ongoing global pandemic. Children are dying — it’s so important to do what we can to help.
That’s why, along with my charity Karmagawa, I set up a fundraiser to assist those in need in Yemen — Please Help Yemen Any Way You Can, This Is Tragic.
The fundraiser’s goal is to raise $500,000 to donate to Unicef Yemen, Save the Children Yemen, and Doctors Without Borders — three respected groups that have a presence in Yemen.
These funds will go toward aiding the children and people of Yemen, providing them with food and water, medical care, and shelter. Learn more about how you can help here.
Life, Liberty, and the Freedom to Trade
We’ve all had plenty of stress lately. For some people, it might be tempting to think that lockdown restrictions mean you have less freedom.
Instead of thinking about what you don’t have, shift your mindset. Appreciate the freedom you do have.
In general, I love the laptop lifestyle and traveling. That’s been part of my definition of freedom for years.
But I understand that in life, like trading, you must adapt. So I’m hanging out in Los Angeles until things are safe again.
Even though I can’t travel, I’m thankful that I’m healthy and safe, with the freedom to trade.
My top students are thankful for this, too.
How amazing is it that we’re able to trade in this crazy market … Just look at my student Matthew Monaco. He’s barely out of college and just passed $100K in profits!*
We have our country’s founders to thank. If not for them, we might live in a very different world right now.
We might not have the opportunity to trade at all. There might not even be a stock market! I might not have been able to start trading with my $12,415 of bar mitzvah money, which I turned into millions.*
But I did have the opportunity to find more freedom through trading, and I want it for you, too.
Maybe you’ll start by watching the no-cost guide I made for making sense of the current market insanity, “The Volatility Survival Guide.”
Or maybe you’ll watch the FREE webinar that SteadyTrade Team Lead Trainer Tim Bohen and I filmed about how to survive and better thrive in the current market:
What Does Freedom Mean to You?
It might feel like we’re in this weird time of transition as some states ease lockdown restrictions.
But believe it or not, you have a huge opportunity right now. You have the freedom to pursue the life you want.
Trading could be part of it.
No, money can’t buy happiness. But it can buy you freedom and flexibility. It can help open doors so that you can pursue what you want out of life.
Money is why I started trading. I won’t lie — I love that I was able to buy my parents their dream home. The fact that I’ve been able to travel so much means so much to me … I loved buying the cars I always wanted as a kid … even if I eventually sold them to focus on other things.
I sold ALL my cars, but it's nice to look back and see my childhood dreams fulfilled! pic.twitter.com/NB18I5PIeH
— Timothy Sykes (@timothysykes) October 14, 2019
What really motivates me now is helping the world through my charity and through educating traders so they can become self-sufficient and work toward the life they want.
So what about you? What do you want? Could trading be a part of making it happen?
Want to Make It Happen?
Maybe this post is getting you fired up to make things happen in your life. Maybe you’re jacked about getting started as a penny stock trader.
You should know this — it takes a LOT of hard work. But it’s not just about studying … It’s about discipline, too.
Consider Stephen Johnson. I just shared his story in this post. He studied for seven hours a day or sometimes more. Even so, he kept on losing … because he had the wrong mindset.
He was trading like a gambler, and he kept breaking the rules. But once he got serious about actually applying what he learned through all his studying, he turned things around. Now, he reports killing it with $10K* in April and $15K* in May.
Or think about my top student Tim Grittani … He didn’t make anything for his first NINE months. Now he’s up over $11 million in profits.*
Are those results guaranteed? No. Are they possible? Potentially. But you need to put in the work.
Veteran traders: when a stock breaks below a key level, exit the position safely
Pumpers: The drop is due to weak hands/short sellers, keep holding or you're my enemy, this is a longterm hold not a day trade
Veterans: cut losses quickly
Pumpers: It's not a loss until you sell!
— Timothy Sykes (@timothysykes) June 24, 2020
As a trader, you’ve got two accounts — your knowledge account and your monetary account. Investing in the first one is VITAL if you want to stick with trading for the long haul.
Enjoy your freedom, be thankful for the privilege you have … And please, have a safe and healthy Fourth of July!
How will you show your appreciation for your freedom this year? Leave a comment!