3 Principles I’m Drilling Into My Students

By Updated on July 18, 2023

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The same economists who didn’t see inflation are those who didn’t see this recovery in the market.

I don’t try to predict the future…

Instead, I focus on price action, patterns, setups, and risk management.

It’s what has led me to make over $7.4 million in trading profits and help over 30 of my students on their way to becoming millionaire traders. 

And while it’s easy to get sucked into all the crazy action, we’re seeing now…

It’s even easier to go in the wrong direction and lose A LOT of money.

To help my students…and get their mindset straight…I’m telling them to focus on these three principles.


#1: Be Patient: Think Like A Retired Trader

Put me in front of my laptop all day and guess what I’ll do?


I know myself and have a hard time controlling my actions if I’m in front of the screen all day.

That’s why I pick my spots…

I try to trade during certain hours and then focus the rest of my time teaching my students and working on my charitable foundation.

But besides stepping away from the screen, there are other things I do to help from overtrading.

Specifically… adopting the idea I’m a retired trader.

What does that mean?

Staying away from the market…only willing to jump into a trade if I find a setup so compelling it would make me sick to my stomach for not being involved.

It might sound silly to you…

But believe me…it works for me.


#2: Focus on Risk: Trade Like A Coward

trade like a coward - sykes
© Millionaire Media, LLC

Most newbies who get into the trading game start to think about all the money they are going to make.

But the truth is…

Most traders lose money.

And even the great ones don’t make money their first year.

That’s why you should focus on learning those first few years…

You have to respect the market…

I respect the market so much I trade like a coward.

Now, that doesn’t mean I’m scared to pull the trigger.

But I am cautious about where I enter a trade and the number of shares I trade.

I know small wins add up over time.

I also know that I can be wrong in my ideas.

That’s why I cut losses quickly when I am wrong.

Of course, there is a drawdown to this approach.

I’m often getting out of winning trades too early.

But it has worked for me, and I don’t think you can argue with my results.

#3: Learn To Think Independently: Avoid the Herd Mentality From Chat Rooms

The best traders think for themselves…

Why do you think I have so many students who have become millionaire traders?

It’s because they have developed their trading style and are self-sufficient.

However, if you hop on social media you’ll think trading is easy…

All you have to do is copy and paste trades that you see from chat rooms.

But those chat rooms are not your friends.

Often they are using you for liquidity.

Remember Atlas Trading?

They pretended they were helping traders…

Meanwhile, they were dumping shares on them after they pumped the stock up.

At least, those are the allegations about them…they’ll have their day in court…and we’ll have the full facts in the future.

But since Atlas trading…

Short sellers have become the new promotors…

And like Atlas, they are not your friends.

There are no shortcuts in this game.

If you just copy and paste trades from chat rooms, you will eventually get burned.

You can either take my word for it…or learn the hard way.

Speaking of learning…

Why don’t you take this chance to sign up for one of my free live workshops?

All you have to do is click here to sign up!


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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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