Tubs and trading haven’t grabbed this much attention since Margot Robbie explained the subprime mortgage crisis from a bubble bath in “The Big Short.” No other trading teacher would do this…
Yep: that’s me, in a bubble bath, with a beautifying face mask, talking about trading. Think my dewy complexion comes effortlessly? Think again.
But I’ve learned a lot in my 20+ years of trading and 10+ years of teaching. It’s my honor to pass on my knowledge to my students.
Why do I do this? Because most people in this industry are fake. I want to be different … I want to do what no other trading teacher has done before.
(*Please note: My trading results, along with the results of my top students are far from typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work and dedication. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
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No Other Trading Teacher Does This … Why Not?
I don’t think I’ve ever seen anyone in the finance or coaching industry post a video or photos featuring their self-care routine.
New video from my self-care day in Arizona a few days ago: https://t.co/XHGzFNndfu should I post more videos like this to see the process behind how I take care of my skin? I'm not afraid to show THE PROCESS behind anything I do, if you want solid results, you gotta see this too! pic.twitter.com/q9CeC15DKM
— Timothy Sykes (@timothysykes) October 5, 2020
I mean … everyone does it, right? People need to take care of themselves. But nobody in trading really talks about it.
I’m not saying that I want #bathtubtrading to start trending. I’m trying to illustrate a point — there’s a lot that goes on behind the scenes in life.
It’s the same with trading.
People love posting screenshots of their big wins. But they don’t post the ugly stuff, like their losses. They don’t post the ‘boring’ stuff, like their process.
I talk about this stuff because no other trading teacher does.
I’ve lived through a lot in my trading career. I’ve had some incredible wins … and some crushing losses. You can learn all about my story in my autobiography, “An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund.”
I’ve seen tons of traders come and go. And it’s usually the ones who think they’ll get rich quick who fade away fastest.
I’m beyond caring about what people think of me … so I’ll always be honest.
If you want good skin, you need self-care. If you want financial freedom, you need education.
Myth vs. Reality
I need to make another point about myth vs. reality in trading.
Let me use reality TV as an example. I’ve been featured on a few shows, so I can tell you firsthand that the ‘reality’ part is a myth.
Yes, it’s real footage. But despite the name, it’s highly edited to tell a specific narrative.
For instance, there’s this infamous episode of “Below Deck” where I come off as a cranky crybaby because the Wi-Fi wasn’t working on the yacht I was on.
Sure, they showed that part. What they didn’t show is that I went on to make nearly $70K* when the Wi-Fi was working.
— Timothy Sykes (@timothysykes) October 15, 2014
They didn’t show how deliriously happy I was after I had my big win.
In that case, reality TV showed something entertaining, but it had no substance.
To really impart knowledge, you can’t just show the most entertaining parts.
That’s why I want to show the ugly parts, too. So whether it’s how I keep my skin looking radiant or my trading losses, I’m not afraid to show you what no other trading teacher will!
It’s All About the Process
In the case of my reality TV feature, they showed what they thought would be interesting to viewers.
But really, the most important part wasn’t my grumpiness or even the money I made. It’s about how I made that money.*
In that case, it was a stock I found on StocksToTrade — my go-to stock screener.
One of my students spotted it and that’s how I found the opportunity. I profited … but could have made even more if I’d held longer.*
I’m honest with my students about when I hold too long or not long enough. I share a ton of commentary and all of my trades — both good and bad. It’s the kind of thing no other trading teacher does.
I do it because I want to help my students understand trading. It’s not just about making bank or going broke.
Most of my wins aren’t huge. They’re boring little few hundred- or thousand-dollar wins.* But they add up over time.
That’s why it’s so dangerous when fake gurus promise that you can get rich quick if you just follow their ‘easy’ systems.
Trading isn’t easy. It’s usually not big wins, either. It’s about learning the process, becoming self-sufficient, and creating a system that works for you.
You know what? The process of trading isn’t glamorous.
Sure, you have a great run every now and again, like my student Karan Khanna’s $17K day.* But those are few and far between.
You’ve gotta be willing to dig deep, do your research, and really master the process.
That’s why I’m choosy about my students and make them apply for my Trading Challenge.
I don’t want losers who want to get rich quick. I want to find people who want to see the process, who aren’t afraid of losses.
The students I want to work with aren’t afraid to see the ugly details if it means getting the results they want. Whether that’s great skin, to be rich, or whatever.
You need a mentor who’s blunt about it. It’s in my best interest to have the best students. And I’m willing to tell the truth about things no other trading teacher will. I’ll stop at nothing.
Let’s Make It Official
There’s something else I want to share with you … and this time, I’m playing for keeps.
On my birthday this year, I offered a special lifetime membership opportunity for Trading Challenge students.
It was originally going to be a one-time thing, but it quickly became apparent that this upgrade had benefits I hadn’t even considered.
The students who took advantage of the opportunity suddenly had a mindset shift. They no longer felt pressured to try to become consistent traders within a specific timeline.
It reminded them of what I’m always saying about trading — it’s a marathon, not a sprint.
So I decided to extend the offer, because I want to get my students out of the ‘money mindset’ and into a passion for the process.
So far, it’s been working. It’s led to better study sessions, better results. Are you an existing student who wants to upgrade to the Challenge Lifetime special? Click here to learn more now.
Let’s Get Real
There’s no off switch for my good looks … but they do require maintenance. I’m not scared to play a little ‘truth or self-care.’
I’m also not scared to show you that I’m not a perfect trader.
Nobody’s perfect. None of my top students are perfect, either.
But we’re all dedicated, and we’re not afraid to get our hands dirty — figuratively speaking at least. Most traders have the softest hands I know. Except my friend and SteadyTrade Team lead trainer and podcaster Tim Bohen. (Check out my guest appearance on his podcast here.) He’s probably building a log cabin or something right now.
The point is, when you get real, you can start to untangle the tricky parts of trading that could be holding you back. That could be dealing with losses, bag-holding, figuring out how to improve your strategy … However that plays out for you.
That stuff only comes with full transparency. So let’s rip off the mask and see the ugliness beneath. The results could be better looking than you ever dreamed.
Are you ready to get real? Leave a comment … Do you like how I talk about things no other trading teacher does?