What an amazing last few days it has been!
Just take a look at this awesome opportunity I got to spend with my students and upcoming traders!
It’s been a GREAT 2 days in Miami with so many incredible students & upcoming traders. It’s crazy it’s been 3 years since the last #tisummit back then I only had a few millionaire students, now I have 30+, due to hard work, @stockstotrade & the best market for traders in decades! pic.twitter.com/8Kzwe9lIgR
— Timothy Sykes (@timothysykes) October 18, 2022
Teaching students about trading was never a dream of mine growing up…
In fact, it was to become a professional tennis player.
My obsession drove me to wake up early in the morning and practice before school, and practice after school.
All I ever wanted to do was practice, but that all came to an end when I had to get Tommy John surgery.
That is when I took my obsession with tennis into the trading world.
Becoming a professional trader doesn’t come overnight…
But the more you practice and study, the better prepared you will become.
They say practice makes perfect and that is the mindset I stick to every day.
So if you want to better prepare yourself, you should practice this…
Table of Contents
Mind over Matter
Have you ever been in a situation where you have felt defeated and wanted to give up?
Trust me, I felt that way after a trade like this…
Not every trade will be perfect, you will have some humiliating losses that you may not be proud of…
But frankly, I wasn’t upset over this. If anything, I was actually happy that I made this mistake.
Why? Because I learned from this mistake and realized I had to stick to what I know works best.
Every trader will suffer losses, none of us are perfect…
But the way that you minimize your losses is going to help you grow as a trader.
Small Profits Add Up
Once I put that hideous loss behind me, I went back to the basics, the same thing that I teach all of my students.
In just my next 3 trades I was able to wipe away nearly 50% of my losses.
It is essential to always have a clear mind with trading, but if you are just forcing trades and guessing when to trade…
You are bound to have more losses than you are profits.
Learning from your mistakes is critical, but it’s more important to continue to practice what you know best.
Every day I am usually looking for a dip-buy opportunity, which you can see are a majority of my trades.
More Breaking News
- Unexpected Stock Volatility: GCTK Faces Investor Concerns
- OnKure Therapeutics Inc. Sees Variable Performance Amid Market Fluctuations
- Braskem Stock Declines Amid Financial Struggles and Analyst Downgrades
- Onconetix Plans Reverse Stock Split to Bolster Share Price
But not every day will there will be a dip-buying opportunity, but you may encounter an opportunity like this…
The Power Of A News Catalyst
Whenever a stock may have been a previous supernova…
Or even just a multi-day runner…
These stocks usually play out into my favorite pattern, which I may be able to trade multiple times.
But sometimes there is a reason behind the recent spike of a stock…
Which caught my eye yesterday…
FingerMotion, Inc. (NASDAQ: FNGR)
Thanks to StocksToTrade Breaking News, I was able to catch this early-morning spiker.
In fact, this wasn’t the first time that I traded this stock…
FNGR has been a recent runner in the past and it is important to remember these plays as trading history tends to repeat itself.
You may see me talk about the same type of stocks that I’ve traded previously, or trading my favorite pattern…
This is because I remember all big percent gainers and how it fits in with my pennystocking framework.
Not every stock is going to spike on breaking news, that is why it’s crucial to understand how catalysts can impact the overall price of a stock.
With this recent trade, I was able to profit 5.03%, which doesn’t seem like a lot…
But it’s important to be able to find these opportunities as all of these small gains will continue to add up.
Word Of Advice
There is never enough time in a day for me to teach you every little detail I know about trading.
When I was young, I was determined to get better at tennis every second I got…
And taking that obsession into trading has helped me study and practice to help me get to where I am today.
Each of my millionaire students trades a little differently…
But they apply my key trading rules.
Even though some of my trades come from StocksToTrade Breaking News…
And others may be from a dip-buying opportunity…
I want you to stick with the strategy that works best for you.
Since my biggest loss of the year, I have been able to rebound and profit over $6,500…
Continue to study my framework and don’t let a big loss stop you from achieving financial freedom!
Study up!
Tim
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