We have greater access to information and knowledge than ever before. When I first started trading I didn’t have a mentor or even a playbook to follow.
I had to figure it out on my own through good old fashioned trial and error.
But despite all the tools traders have today at their disposal, the majority of them still lose money in the market.
You see, the difference between success and failure often lies in the mind…
Master focus isn’t just an option…it’s a necessity.
With over $7.5 million in trading profits and +30 millionaire students…I know this all too well.
In a world where distractions are just one click away, these five elite strategies could be your game-changer, unlocking a world of focused and potentially profitable trading.
In today’s blog post you’ll discover:
- The trading approach that outperforms by doing less
- The secrets to navigating market twists with ease
- Mastering the art of keeping cool in the heart of trading
- A hidden technique for turning every trade into a lesson
- The unspoken rule that separates amateurs from Pros
Let’s get started…
Table of Contents
- 1 Mental Trick #1: Think Like A Retired Trader
- 2 Mental Trick #2: Emotional Detachment
- 3 Mental Trick #3: Adaptive Mindset
- 4 Mental Trick #4: Continuous Self-Reflection
- 5 Mental Trick #5: Prioritize Education Over Impulse
- 6 Ready to Elevate Your Trading with AI? 🚀
- 7 👉 Grab Your Spot in Our Live XGPT Training Now!
- 8 CLICK HERE! 👈
Mental Trick #1: Think Like A Retired Trader
It’s hard not to get excited when you’re seeing stocks jump 100%, 200%, 300% or even higher in one single day.
Trading can be such an adrenaline rush…
And for many years I considered myself an action junkie.
However, as you mature you realize trading isn’t there for you to scratch an itch. It’s a tool that can hopefully give you financial independence.
To help me stay focused I adapt the mentality of a retired trader.
That is, I picture myself retired from trading, and only willing to jump back into the market if I see a trade opportunity so good, it compels me to get involved.
This allows me to be highly selective, and to seek only the best opportunities.
Do I still get FOMO?
Sometimes…but not to the point it becomes detrimental to my trading.
Def watch this video about being a "retired" trader https://t.co/67ntCggXGO & this new video too https://t.co/QSVZKSNFzb as unbeknownst to me, I was buying $LIFW before it would like 2.5x over the next week. Not a huge surprise those given how solid the setup was, THIS IS IDEAL!
— Timothy Sykes (@timothysykes) November 4, 2023
Mental Trick #2: Emotional Detachment
If you want to be a successful trader then you must think like a trader.
A trade is just that…a trade.
Yet so many newbies want to make it more than that.
They romanticize about their positions…often thinking “this is the one” that’s going to change their life.
I believe in stacking small wins.
Secondly, I believe that you should NOT trust these companies.
I say ride the hype…but don’t believe it.
And while stubborn toxic short sellers amplified these moves…they weren’t wrong in the end. The stocks eventually collapsed.
I don’t fall in love with these stocks…nor do I hate them.
I let price action dictate how I should trade them, not my emotions.
At the end of the day, I view them simply as opportunities.
And if I’m wrong…I’m ready to cut losses quickly.
Goooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooood morning! Are you ready to make this the best day ever and capitalize on all the opportunities like $MLGO and $SHOT?! Whewwww, let’s get it!!! pic.twitter.com/Li9Z6b1TSW
— Timothy Sykes (@timothysykes) December 7, 2023
Mental Trick #3: Adaptive Mindset
I’d rather get long slow moving uptrending stocks…
It’s not that scary and I’ve had great success with it throughout my career.
But the greatest opportunities now lie in trading short squeezes.
Thus, I’ve had to adapt.
Is it scary trading stocks that are up triple-digit percentage points?
You bet it is.
But I’ve managed to adapt by taking small positions while playing for quick moves.
In my early years of trading I was primarily a short seller. I’d identify obvious pumps and short them using my 7 step framework.
However, over the last few years, the risk vs. reward has shifted. Shorting even the shadiest of stocks is dangerous in this market.
And because of that I’ve stopped short selling to focus on where the best opportunities are.
I literally LOL @ see short sellers long ass tweets trying to deal with how many squeezes there are lately — they are SO narrow-minded they really can't understand they it's their doing entirely LOL! What's funnier is that it happens every year, read https://t.co/IhxWDc13Rg LOL
— Timothy Sykes (@timothysykes) November 30, 2023
Mental Trick #4: Continuous Self-Reflection
I’m able to travel the world, trade, teach, and work on charity …
View this post on Instagram
Not because I have any special ability…
But because I put focus on preparation.
I have a journal entry for all my trades…
Something I’ve been doing for decades.
I often make videos on my trades and ones I missed for my students.
All of this allows me to be aware of the trends working in the market.
I’m able to identify where I’m making mistakes and what I should be doing to fix them.
So many traders shut it done when the closing bell rings and end the day.
But you must review your trades, study trends, and be curious.
Success in trading is not accident.
11:25pm study check, retweet/favorite this if you're still up studying, reviewing your @StocksToTrade scans or making your watchlist for tomorrow. The journey for success begins with the quest for knowledge, experience & mastery & it's the most dedicated who achieve the most!
— Timothy Sykes (@timothysykes) December 8, 2023
Mental Trick #5: Prioritize Education Over Impulse
The best traders can quickly and easily explain to you their edge.
They know which setups to look for and take advantage of.
But what if you are a newbie…and you have no edge yet?
Or you’ve been trading for a while and still don’t know what your A+ setup looks like?
Then you should put your focus on studying other successful traders.
Find out what they’re doing and analyze their trades.
But remember, just because someone is successful, doesn’t mean you should copy them.
For example, several of my students have tried to copy Tim Grittani and Jack Kellogg and struggled.
Because those two traders have much larger bank rolls, greater experience, and skill.
Study successful traders and try to take something from them that fits your risk tolerance.
I tell my students to learn my mindset and not rely on my trade alerts.
Ready to Elevate Your Trading with AI? 🚀
In a world brimming with information, mastering your mental game is key to trading success.
Today we dove into the crucial mental tricks that top traders use to stay razor-focused, even amidst the wildest market swings.
From adopting a ‘retired trader’ mindset to prioritizing education over impulse, these strategies are game-changers.
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