Crucial points from this post:
- Learn what my millionaire student has been up to recently … Is he still trading?
- Read 5 lessons to learn from a multimillionaire trader. They might surprise you…
- Want to be like Grittani? Read on to discover how you can follow in his footsteps!
Grittani was my second millionaire student. He worked his butt off in the beginning and crossed the $1 million milestone in 2014. After that, he kept his foot on the gas pedal and now has over $13 million in profits.
Since then he’s slowed down a bit. His focus is on his wife and two beautiful children. After I got to meet up with him and his wife, I have five incredible lessons from Grittani to share with you today.
Table of Contents
Lesson 1: Prioritize Your Values
Making a ton of money is great. But always remember that it won’t buy happiness.
Back when I first became a millionaire, I spent a lot of money on big houses and fancy cars. But the novelty of those things wore off.
Lesson 2: Prioritize What YOU Want
I’m doubling down on this lesson about prioritizing.
You only get one life. Live it the way you want. Don’t let other peoples’ lifestyles cloud your own. In the U.S., people value money a lot. Maybe a little too much.
If you focus only on getting rich, you’ll lose sight of what makes you happy. What kind of a life is that?
A lot of people ask Grittani to trade more often. It’s understandable. They want to learn from his process. But Tim’s got other plans. I’m proud of him for listening to his heart.
Block out everyone else and focus on what YOU want.
And you still have the opportunity to learn from him. For more on Grittani and how he set his long-term priorities, check out this post: Tim Grittani’s Excellent Trading Adventure: Reflecting on 10 Years & $13.5 Million.
Lesson 3: It’s Not All About the Money
He makes enough to support his family. You won’t find Lamborghinis in his garage or a helicopter pad on his roof. That’s not what it’s about.
Also, he still makes money from his video lessons. A lot of my millionaire students go on to teach their own students.
That’s the model I’ve created here. Students can learn to day trade and potentially make a lot of money in the process. Then they help teach others.
He still makes money from his DVDs…
- “Trading Tickers”
- “Trading Tickers 2” (Read more about this awesome sequel to the original in this post: Tim Grittani’s Great Return: “Trading Tickers 2”)
Matthew Monaco and Bryce Tuohey teach in Small Cap Rockets. Jack Kellogg, Mariana Hincapie, and Kyle Williams run Breakouts & Breakdowns. (Those are add-on educational alert services for StocksToTrade.)
For some traders, teaching is the next step for expanding their earning potential.
Don’t worry about Grittani’s bank account. He’ll be just fine. Life can get a lot cheaper when you find what makes you happy.
Lesson 4: Take Pleasure in Ordinary Things
Every time I meet up with Tim he wears his silly Snoopy shirt. I don’t know if that’s the only shirt he owns now or if he wears it just for me. But I love it.
You’ve gotta figure out what to spend your money on. For Grittani, it’s ice cream sundaes and graphic t-shirts.
Grateful to meet up with the legendary @kroyrunner89 & his amazing wife Donna last night! Its been far too long, but it was particularly cool to see that money hasn’t changed Tim G one bit…$13+ million in trading profits & he still wears his Snoopy T-shirt & loves his desserts! pic.twitter.com/dy6WN6m2UR
Sure, he could buy a bunch of Rolex watches. But will it tell time any better than a $30 watch? Nope.
There’s only so much pleasure you can get from expensive things. If you learn to appreciate the ordinary, you’ll always be rich.
Lesson 5: Stay Humble
Traders who get too cocky risk blowing up their accounts. It’s not a matter of if, but when. Pretty much all my top traders learned this the hard way. Grittani blew up his first account. He’s certainly not the only one to do that.
You can only take as much as the market will give you. If you haven’t learned this lesson yet, count yourself lucky and take my word for it.
I know this niche is full of players who boast fat profits. The reality is that 90% of traders lose. Don’t believe the hype.
You want to be my next millionaire student? Chances are you’re far from the finish line. Don’t let that discourage you. Use it as a tool to motivate yourself.
There’s a right way and a wrong way to do this, you decide which path to take. Ready for the next step? Apply for my Trading Challenge today. That’s where all my millionaire students carved out their paths.
Which of these lessons sticks out most to you? Leave me a comment and tell me how you’ll continue to improve and learn from top traders.