Ready to transform your trading in 2024?
Many newbies wonder if they’ll succeed in the challenging world of trading…where over 90% fail.
But with the right approach, success can be within reach.
As a trader who’s earned over $7.5 million and guided +30 students into severn-figure successes…
I’ve got proven tips to share.
As we approach the New Year…it’s time to get serious about our trading goals.
Let me help you make 2024 your most successful year yet with these 3 top trading tips!
Table of Contents
#1: Before You Can Thrive, You Must Survive
NONE of my millionaire students had success right out of the gate.
Several of them struggled for months, even years.
That’s not a knock on them…it just shows that acquiring the skills to become an elite trader takes time.
The key word is time…not money.
In fact, many of my millionaire students started off with small stakes.
You can take a few thousand dollars and take it seven figures…I’ve done it…and so have my best students.
But you MUST protect your capital before you can get there.
Everyday is a learning opportunity.
That’s what your focus should be. And in order to keep learning then you must keep your losses small.
In the beginning you won’t know what works for you and doesn’t…it’s all a discovery process. That’s why it doesn’t make sense to risk a lot of money when you don’t know how things work yet.
And while this all sounds like common sense…you’d be surprised at how many people mess it up.
They let their ego interfere. They think if they are going to spend time trading that they need to be making big money right away…
The truth is, you should be studying more and trading less when your journey starts.
Don’t compare yourself to anyone else either. Everyone’s journey is different.
Adapt a learning mentality.
Ask yourself, how can I learn from the market as cheaply as possible? You do that by cutting losses quickly.
No study check tonight just a CRUCIAL reminder: big losses are NOT the enemy, no matter how anyone tries to demonize them. Poor risk management, gambling & lack of discipline are. If you play with fire you WILL get burned. It’s not the fire’s fault, it’s nothing to be angry or…
— Timothy Sykes (@timothysykes) December 19, 2023
I tease short sellers all the time…here they are with a strategy that probably wins 99% of the time…yet they lack basic risk management skills…and figure out ways to lose all their money even though their strategy has such a high win-rate.
By cutting losses quickly…you buy yourself enough time to learn the skills you need to become a better trader.
#2: Showing Up Is Not Good Enough
Trading can be a cruel game.
A trader like myself can show up, trade for an hour, and make more money than the average trader who spends all day at the screen.
Why?
Because I’m looking for specific setups at specific times.
I’m not trading random setups at random times.
12:55am study check, who’s still up studying and working hard to get wiser/better prepared since you realize that 90% of traders lose due to lack of knowledge and preparation so you refuse to make that mistake?! WHO WANTS IT BAD ENOUGH?!? WHO WILL BE MY NEXT MILLIONAIRE STUDENT?
— Timothy Sykes (@timothysykes) December 22, 2023
You see, I know exactly what I’m looking for, do you?
If you don’t, that’s fine. No one is born with this knowledge.
My point is that you have to study your butt off.
Each day ask yourself what’s working in this market, what setups are traders using to make money, and what isn’t working?
Are there trends traders are taking advantage of?
Nice dip buy on $POL 7500 shares in at 3.90, locked in profits at 5.66 before it ran into a second halt. +$25,000 now on the day… fun fun pic.twitter.com/bd93nYjB9T
— Dan Irish (@DansGamePoker) December 22, 2023
You MUST STUDY HARD.
I’m able to trade less and beat most traders because I put in the time to prepare. Each day I’m reviewing my trades, creating watchlists, and studying what is and isn’t working.
You’ve got to do the same…
#3: Trading Is Not MMA
In MMA you must have a mix of different martial arts skills to be competitive. If a fighter is only good at boxing, then he might easily be taken down and defeated by someone who has wrestling or BJJ skills.
In MMA, your weaknesses will get exposed.
However, in trading, you are in control of everything.
I don’t have to be a good options trader, investor, crypto trader…
This market rewards specialists.
And for me, that’s trading penny stocks.
Solid +$2k day for me today even w/small size/conservative goals, awesome morning short squeeze on $SMFL and now a solid dip buy on $LTRY the perfect @sttbreakingnews play selling all of the plays faaaaar too early, but nice and safely here at 4:40am in Asia LOL #graveyardshift
— Timothy Sykes (@timothysykes) December 21, 2023
Trading can be super overwhelming if you let it be.
My suggestion is to study a few setups at a time. Don’t try to learn everything at once.
Believe it or not, you could make a great deal of money if you MASTER just a few setups.
Instead of trying to learn them all…become a master at a few of them.
And that’s how you’ll take it to the next level.
Ready to elevate your trading game in 2024? Join our live training for exclusive insights! 🚀
💡Learn to protect your capital with smart strategies.
📈Master specific trading setups for success.
🔍Specialize and excel in your chosen market area.
Don’t just trade, dominate the market with live training sessions.
🌟 Transform your trading journey into a success story.
👉 Secure your spot in our live training now and become the trader you’ve always wanted to be!
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