One thing I have to constantly remind people of is that trading is NOT a get-rich-quick scheme.
In fact, most new traders turn it into a lose-money-fast scheme.
There’s one thing you MUST do if you want to become a successful trader.
It’s priority #1.
But a lot of people (including some students) hear it and STILL break the rules.
Only then do they remember that I warned them.
What is it?
Pay attention…
Table of Contents
Successful Traders Survived the Learning Curve
You have to survive the learning curve if you want to be a successful trader.
Keep in mind that a lot of my millionaire students STILL blew up their first account.
Some blew up their second (or even THIRD) account.
I encourage you to start small, trade small, and lose small.
You might not listen to me.
A LOT of traders have to learn the hard way first.
So, I’ll repeat it now:
You’ll probably blow up.
Remember, I warned you (but I have to give these lessons).
The question is…
Will You Lose Small, or Lose It All?
If you take big losses in the beginning, your confidence is all messed up.
Your whole journey is messed up.
So, I repeat…
Pay attention to these three things that I’ve said probably thousands of times:
- 90% of Traders Lose. The smart way to become one of the 10% is to survive the learning curve by trading small (and losing small).
- It’s a Marathon, Not a Sprint. There’s time. But there’s no better time than now. If you accept that you don’t have to win big right away, there’s potential to win big later. (This is NOT a guarantee.)
- Follow Rule #1: Cut Losses Quickly. It’s obvious once you get it. Sadly, too many traders blow up an account first. You don’t have to do that if you cut losses quickly.
Millionaire Moves
Recently I sat down with millionaire student Mari to talk about her journey and how she’s started teaching now.
Here’s what Mari had to say about surviving your learning curve:
“It’s so important to understand how volatile these stocks are. Because a lot of people start out with a small account and then they think they have to go all in to make $200, $300, or $400.
“But the point is not to make any money. The point is to not lose so big that your account gets wiped. Because once your account gets wiped, you might not be able to keep going. Or maybe you lose motivation. “
Mari is EXACTLY right. The goal is not to make money at first. Protect your account so you have the chance to improve.
Speaking of protecting yourself, here’s an interesting update…
On My Radar
I’m just a glorified history teacher, and this is another example why…
Surprise, surprise, @saylor now being investigated for law violations…AGAIN. Never forget he's paid nearly $50 million in fines on 2 separate occasions in the past and while $BTC $MSTR $STRC fanboys like to forget the past, retweet this if you promise to actually study the past… pic.twitter.com/PV485XxbdW
— Timothy Sykes (@timothysykes) June 25, 2026
Do NOT ignore the warnings of history.
One of the dumbest things people say (or write) about the market is “this time is different.”
No, it’s not.
This is yet ANOTHER reminder about surviving your learning curve and NEVER falling for BS.
Do you want to know HOW to survive your learning curve?
Aside from not blowing up, trading small, and cutting losses quickly, you have to know what to trade and how to trade it.
In other words…
Find a Formula That Works and Follow It
Starting today…
Jack Kellogg, Bryce Tuohey, and I will be hosting my Millionaire Formula Conference.
Register NOW because registration closes today at 1:30 PM ET
Even if you have to miss some of today’s sessions, register.
Consider it part of your learning curve. Seriously.
Wait, did I mention it’s FREE (but you MUST register).
Key Takeaway
I heard something funny recently.
“The way to get rich with get-rich-quick schemes is to start richer than rich.”
SO many new traders blow up and quit.
For them, that statement is true. But that’s because they started trading with the wrong mindset.
Tomorrow, our final session of Day 2 is Champion Mindset: Trading Like a Pro.
Come prepared to take notes because our goal is to help you learn to focus on the right things from the beginning.
See you there.
Cheers,
– Tim Sykes
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