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Trading Lessons

5 Lessons I Learned From Seeing Tim Grittani

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Written by Timothy Sykes
Updated 12/3/2021 8 min read

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!

Get in the same program where Tim Grittani learned to trade — he’s over $13+ million in profits!

I recently got to sit down with my friend and student, Tim Grittani. It’s been a while since we caught up. And as always, I learned plenty just from chatting with him. We can ALL learn from him.

Maybe the first lesson should be to name your child Tim. For some reason, Tims do well in my Challenge. Maybe it’s just a coincidence…

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.

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.

I could tell that money wasn’t the answer, so I changed my lifestyle. Now I spend my time teaching students and working on my charity.

It sounds like Grittani learned to prioritize too. He got into trading to make money, but now that money allows him to live freely. He can spend time with his family instead of working a normal job.

Read more about how top traders, including Grittani, balance trading and family here.

Lesson 2: Prioritize What YOU Want

tim grittani with wine
© Millionaire Media, LLC

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.

And get a great review of one of his in-depth webinars in this post: 15 Lessons From an Amazing Tim Grittani Webinar.

Lesson 3: It’s Not All About the Money

Yeah, he’s made $13+ million in profits, but Grittani’s lifestyle isn’t extravagant.

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…

If you want another example of a student turned teacher, look at Mark Croock. He learned my penny stocking patterns and now applies them to options trading.

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.

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

My millionaire students don’t seem to have trouble with this one. The stock market is an inherently humbling place…

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.

See more in this article: Lessons From Tim Grittani’s Journey to $10 Million.


Student Who Has Made $10 Million
© Millionaire Media, LLC

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.

The journey is long, so stop trying to sprint it. Take your time and focus on the process. That’s what all my millionaire students had to do. Learn from traders like Tim Grittani.

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.

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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”