Tim’s World: Millionaire Mentor Update

By Timothy Sykes

Last updated on April 16, 2022
Tim’s World: Millionaire Mentor Update Thumbnail

Homeward Bound

As I write this I’m on my way back to the U.S. to speak at the Trader’s Expo in New York. By the time you see this, Trader’s Expo will be over. But I think the presentation by me and Tim Bohen will be available on-demand. Our topic: How to Trade Hot Sectors and Identify Trends. I’ll let you know more in next week’s update.

Last week I was in Australia doing work with both GBR Legacy and Reef Restoration Foundation. In last week’s update I shared a couple of videos from Instagram. The videos announced $75,000 in donations to these two great charities.

I want to add that GBR Legacy is an organization that helps provide access to the Great Barrier Reef. They make it possible for scientists and researchers to get out to the reef and do their work.

The small boat we’ve helped them buy allows them to do more studies and get more researchers out to the reef easier. They’ve been renting boats so this is a big step forward for them.

If you have any doubt in your mind about how bad it is for the Great Barrier Reef, check out this quick video:


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My friend @therealtarzann and waited years to visit the #greatbarrierreef but all we see is devastation so we created @savethereef because coral reefs around the world are dying out faster than at any other time in history and while 30-40% have died off so far, it’s estimated that 90% will be gone by 2050! Considering that marine life, not trees, accounts for the majority of oxygen we breathe, we MUST take better care of our oceans and reefs or it’ll be us and future generations who will suffer greatly…and the good news is there’s still time to reverse the damage before it’s too late. My charity @karmagawa donated $75,000 to 2 great reef charities @gbrlegacy and @reef_restoration_foundation in the past week, but that’s just the start so stay tuned for steps you can take to help — like using reef-safe sun tan lotion as denoted on the packaging that will say “Reef Safe” (see my Instagram story today to see an example) — and also go follow @savethereef to stay updated as the @karmagawa team and I will be dedicating the next few months putting together a comprehensive plan of action, together with a groundbreaking documentary that we aim to make even bigger than our #savetherhino video which got over 30 million views. We’ll need your help to make it happen and help us spread awareness as the cool thing is that coral reefs can regenerate all within a few years with proper planning, so we can actually win this battle together and then we’ll all be able to breathe a lot easier…literally…for decades to come! Will you help us? If yes, then please leave a comment below and tag someone who needs to see this video! Great video @amirzakeri #karmagawa #savethereef

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As you can see, things are getting bad for the Great Barrier Reef. The other charity we’re supporting, Reef Restoration Foundation, plants new corals. Doing so helps the reef to re-generate at a much faster pace.

We also bought the domain savethereef.org. We still haven’t finished building out the site — but there’s a splash page with an email sign-up. Join the SaveTheReef.org email list here. It’s a great way to keep up with what’s happening. We’ll let everyone on the list know when the coral reef documentary is released in June.

I want to share one more post about our work helping to save mistreated elephants in Thailand. In this update a few weeks back, I told you about the Phuket Elephant Sanctuary. We’re supporting their efforts to rescue mistreated elephants. When the elephants are young, they’re tortured for training purposes. It’s criminal.

The video below shows some of that. Please watch and share this video so we can expose the people doing this.

Whatever you do — never consider going for an elephant ride on vacation again.



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⚠WARNING GRAPHIC IMAGES⚠ Please watch and share this video to help these poor elephants from further abuse by getting everyone around the world to see EXACTLY why riding elephants is so bad as these majestic creatures are abused and tortured to crush their spirit in order for them to entertain tourists! We, meaning you and the entire Karmagawa community, have the power to stop this blatant animal abuse because when we watch and share this video all over Instagram and everyone tags people who also need to see it in the comments then everyone who you share it with will watch it and also share it and tag more people too…and then for the first time in history, tourists from all over the world will be made aware of this disgusting elephant abuse, and they will inevitably stop paying animal abusers like these to ride elephants and thus these unethical places will go out of business and the elephants will be sold to truly ethical sanctuaries like @elephantnaturepark and @phuketelephantsanctuary where the elephants are NOT abused! Our #savetherhino video got over 30+ million views and raised enough awareness for people all over the world to donate a lot of money to great organizations fighting poachers and thus rhinos have been safer ever since…so we know videos like that that help spread awareness about important issues works…BUT WE NEED YOUR HELP to make it happen! By everyone sharing this eye-opening video with your followers, TOGETHER WE CAN STOP ELEPHANT ABUSE by making this go viral and alerting EVERYONE to the problem so they too watch and share it and TOGETHER we will educate the world! Great video @uniladadventure now we must help spread the word! #stopanimalabuse #savetheelephants #karmagawa

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It’s been an amazing time visiting Thailand and Australia. I’m proud of the charity work we’ve done. But trading from this side of the world has been tough. I have to say I’m pretty exhausted. Trading all night, doing charity all day. Yeah, I’m tired — but I wouldn’t change my life for anything.

As for trading last week …

Not Comfortable With Crazy Plays

I didn’t really have that many great trades. There was DPW Holdings Inc. (AMEX: DPW) — I was going for the morning spike. The spike stalled so I got out with only a penny a share profit. Notice how fast the trade happened. This is another good example of why you need to study like crazy and then practice with small trades (small risk).

Here’s the chart.

DPW stock chart
DPW chart: 1-minute candlesticks, morning spike

This trade was a morning spiker on a former runner. You can see the pre-market spike on the chart. DPW hit its daily high of 14 cents a little more than an hour before the markets opened. The catalyst for the entire move was positive debt reduction news.

There was some profit taking and consolidation before the market opened, as well. Since DPW is a former runner, I thought it might possibly get back to the pre-market high. I would have loved to sell back there and I would have been happy in the .12s or .13s.

I decided to take the easy $494** and I’m glad I did because it dropped again pretty fast. I was able to show this on a live webinar for my Trading Challenge students, so that was cool. (Trading Challenge students get access to a live trading webinar with me every Wednesday morning.)

I had a couple other trades this week: Green Organic Dutchman (OTCQX: TGODF) was a boring breakout. It looked like it wasn’t going anywhere and the next trade I’ll show had better upside potential, so I got out pretty fast.

Here’s the chart:

TGODF stock chart
TGODF chart: 1-minute candlestick; morning breakout

As you can see, TGDOF actually broke out more after I sold. You can also see trading volume started tanking. (See the box in the volume graph at the bottom of the chart.) Better safe than sorry. I trade conservatively. I walked away with $150 profit** to focus on the next trade.

Turns out I was wrong on this one …

Sequential Brands Group Inc. (NASDAQ: SQBG) looked like a perfect morning panic pattern. I wasn’t swinging for the fence on it but I thought it would have some nice follow through. It bounced a little, but not much.

Here’s the chart:

SQBG stock chart
SQBG chart: 1-minute candlesticks; morning panic but not a good bounce

I chose to get out with a small $92 profit** once it became clear this one was looking to consolidate. It was a good move even though the trade didn’t work the way I thought it would. Small wins add up.

The Big Lesson from Last Week’s Small Trades

Sometimes there’s no great play.

Overall the market is dropping, which is good for me. I’ve been waiting for it to drop for a while but also there weren’t that many plays to fit my patterns. There were some crazy plays but, you know, I’m not comfortable with that. I stick to what works for me. I’ve seen too many people blow up accounts trying to do things they aren’t good at.

My Students Are Doing Big Things

I mean BIG things. Bio-Path Holdings Inc. (NASDAQ: BPTH) was the big winner. It went from around $7 to a high of $73.52 in one day after news hit about updated clinical trial data. But it also came crashing down. Students made money on both the long and short side of that one.

There were a bunch of other wannabe plays. TrovaGene Inc (NASDAQ: TROV) went supernova for a day — from the $3s to the $9s. Seelos Therapeutics Inc (NASDAQ: SEEL) went from the $1s to the $7s in one day. It even hit $8 in pre-market trading after announcing a licensing deal for a potential Parkinson’s treatment.

There was a lot of volatility. Those who were prepared were able to take advantage of it.

The other big news last week, was about my top student Tim Grittani. He hit another trading profit milestone. You can read about it here. There’s an interview in that post — definitely check it out because Tim shares a lot of solid information. It’s a great way to get in the mind of a millionaire trader.

One thing Tim Grittani has worked on as hard — or harder — than anyone else is this: his mindset. After a few big losses back in 2014, Tim spent a lot of time studying himself.

He read and implemented ideas from the book “The Daily Trading Coach” by Brett Steenbarger. He wanted to change how he approached certain trades. His goal was to avoid making very expensive mistakes.

Tim Grittani’s mindset has always been about getting better. At first, his goal was to become self-sufficient. He simply wanted to make a decent living from trading. What he’s done is nothing less than phenomenal but it all started with mindset.

Which leads me to this week’s …

Question of the Week

What sort of a game plan do you recommend for someone who only has about 5 hours a week to study?

Five hours is not a little. That’s a lot.

First of all, get the right mindset. If you can do five hours per week, every week, for the rest of your life …

… you’re gonna understand this within a few years. Really well.

I’d be worried if you only had something like five hours per month to study. Five hours per week is good. You gotta believe that, though. Because it’s easy to think “five hours is not enough so I’m just gonna watch TV.” Screw that. Five hours is plenty as long as you study hard.

Here’s a game plan for five hours per week …

First, join the Trading Challenge so you can have access to everything. DVDs, video lessons, webinars … the whole thing.

Then, study the DVDs and video lessons. Watch the webinars. Challenge students get two to 4 webinars per week. Right there you’re studying 2 to 4 hours. Use the rest of your five hours on video lessons and DVDs. Learn from me and my top students.

Here’s the thing. A lot of people come at this the wrong way. If you have an “I don’t have enough time so I’ll watch TV or play video games” attitude, you’re not doing yourself any favors.

At the same time, if you have the “I joined the Trading Challenge so I’m gonna be a millionaire next week” attitude …

… you’re not being realistic.

And if you can’t focus on one thing for more than 10 minutes at a time …

I call them the flitters. They’re like butterflies but not as nice. Flitting from this to that and never digging in. That makes it tough.

All my top students get focused, study hard, and learn the rules.  Most people who think they don’t have time … have more time than they think. We all have 24 hours in a day, right? It’s how you choose to spend it.

The question is, how much do you want freedom? It comes at a cost. You have to put in the time. You need to develop the skills. You need to gain experience with small trades. It’s not magic. It’s not rocket science. But it is up to you.

So if you have five hours a week … and you use it to study … and you keep focused and throw off distractions …

… then trading can all start to make sense much faster. I look forward to mentoring you if you join the Trading Challenge. No lazy losers allowed.

Millionaire Mentor Market Wrap

That’s another week in the books. We’re already halfway through March and time just keeps ticking. Have a great weekend. Recharge but also use it to study. Most people will waste it and start Monday morning with a sense of dread. Not me. And, I hope, not you.

Are you a trader? What lessons are you taking away from these weekly updates? Comment below. I love to hear from you!


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Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

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