Millionaire Mentor Update: A Shortcut to Trading Success

This edition, letβs talk about a shortcut to trading success.
Success in anything is never a straight line. Ever. Trading is no different. Itβs not an exact science, and weβre all different. Also, markets change, and you need to learn to adapt. The entire process is about learning to hit a moving target.
So it always blows my mind when people ask for shortcuts. Hereβs the best shortcut I know: stop looking for shortcuts. You want success? Get busy. Study your ass off. Study the past to prepare for the future. Learn the patterns I teach Trading Challenge students.
Keep reading β in the student-questions section, thereβs more about trying to cheat success…
Table of Contents
Pasta, Pitches, and Charity
I spent a few days in Venice, Italy after spending a few weeks in Positano at one of my favorite hotels, Villa Franca. Thatβs one for your bucket list. And the pasta β¦ I ate a lot of pasta. Pasta and carbs. When I say a lot β¦ I mean a lot.
You Can Trade From Anywhere: More Whirlwind Travels
I just made another whirlwind trip back to the U.S. and Canada.
First, I made a special one-day stop in Los Angeles, which Iβll share with you in an upcoming edition. It was cool on so many levels. Very exciting. If you follow me on Twitter you might already have an idea. Pictures and videos coming soonβ¦
Influencers Upping Their Game to Help Save the Reef
Next, I went up to Vancouver for another premiere of the βSave the Reefβ documentary. This time it was an event for influencers who want to do good in the world and provide meaningful content. Iβm really proud to help them achieve those goals.
Oh, and the documentary β β50 Minutes to Save the Worldβ β has over 3 million views now. If you havenβt watched it yet, do me a favor and watch it now. Itβs a real eye-opener. Thereβs still time to save the reefs, but itβs gonna take an effort by everyone. The first step is awareness. So please watch and then share the documentary with friends and family.
Karmagawa Sources Sustainable Clothing From Recycled Materials
After my brief trip to Vancouver, I was off to the East Coast on Karmagawa business. The new Karmagawa charity gear is gonna be more sustainable. So we met with a company that uses recycled cotton and plastic bottles to make clothes. It was pretty cool. Iβll share more about that in the near future.
Student Spotlight
As always, while traveling I trade and teach. Before I get to questions, I want to give a shout out to a student. Kyle just crossed a major profit milestone. Keep your eyes open for another Student Spotlight feature about Kyleβs journey in the coming weeks.
Trade of the Week
My favorite pattern right now is dip buys. This recent trade is a good example of why you need to respect former runners, big volume, and news. Pay particular attention to the fact that I know the history of this stock.
Vivus Inc. (NASDAQ: VVUS)
I dip bought this premarket spiker based on three main indicators:
- VVUS is a former runner. (An example of why studying stock market history is so important.)
- It had massive volume.
- There was a news catalyst.
Take a look at the VVUS chart, and then Iβll break it down.

I added the pink lines to the chart to show how the trading range narrowed after its initial premarket spike. As it narrowed, there was a pretty definitive range between $3.75 and $4.15. I didnβt know if it was going to break the highs or the lows.
The premarket spike showed me VVUS had spike potential. But I wasnβt going to chase. I didnβt want to buy near the top of the range, so I waited. There was a very small panic at the open β that drop was enough to get me in. It dropped to the bottom of the range but held.
I took a small, speculative position. Again, I felt confident because itβs a former runner β it had a lot of volume, and it had news. Also, dip buys have been working for me.
One more thingβ¦
Knowing the History of a Stock Gives Me Confidence
Iβve traded this one before so I know it trades choppy. I donβt always like choppy stocks β but in this case, it gave me confidence. Why? Because Iβm familiar with it. All in all, it was a good setup for me.
The result was a nice $810 profit on a 7.14% gain.** (Please note: my results are not typical. Iβve spent years developing exceptional skills and knowledge. Always remember trading is risky. Never risk more than you can afford.)
Now itβs time for some questions. Soak it up … these are high-level, mindset-oriented questions. Yes, theyβre about trading. But theyβre more about how you approach studying and learning. Itβs all about the knowledge account. Build it. Start now.
Trading Questions from Students

Millionaire Media, LLCβTim, recently you said, βShort sellers are the new promoters. Naive and lazy traders donβt want to study the past.β How far back should I study to understand todayβs market?β
That depends. How far do you want to go in your trading career?
You could ignore old patterns and stock market history. You just wonβt be as prepared.
Iβm basically a glorified history teacher. If Iβm gonna teach you stock market history, itβs no different than history teachers in high school. They teach you about the Egyptian, Roman, and Greek empires. They teach you about the British Empire.
How many empires should you study to know history? You might as well study them all.
I donβt know why people want to cheat their studies. Thatβs exactly what youβre doing when you try to figure out how little you can study. It only hurts you in the future.
I think most people are lazy. A lot of these short sellers like to think β and make other people think β that itβs easy.
βTim has too many video lessons, DVDs, and webinars. You donβt need all thatβ¦β
At the risk of sounding like a hard-assβ¦
People should be bowing down for the instructional guides and content we create. My top students and I create so much content. No one has ever had all this information at their fingertips. It blows my mind that people want to make excuses.
If you donβt have money, life can be so much harder. You canβt spend money because you donβt have any. Why not study to help you make more money and build a better life.
Iβm not saying money is everything. Itβs not. But if you have more time than money, stop wasting it. Study enough so that you can earn money.
Money can give you freedom, but you gotta earn it.
βEarly in your career you spent three or four weeks just watching and looking for patterns. Do you recommend the same for a newbie trader?β
What? Three or four weeks? Watch and study all the time.
This question confused me at first. Look, I read all my dadβs financial books in high school. I watched stock prices in the newspaper. Before I even started trading, I spent countless hours studying.
I think maybe the question comes from someone who read my book but misunderstood how much I studied. I used to skip classes and hang out in the library, hogging three computers at a time. Hereβs a passage from the book β maybe this is what this question is about:
The other kids thought I was nuts, but my friend the librarian knew exactly what I was doing. I mustβve scanned thousands of articles each day. After a few weeks, my eyes were red and sore, but I thought I perceived a definite pattern of how certain press releases helped move stock prices higher. In those wild times, the truth was that almost any press release helped promote tiny companies.
Excerpt from “An American Hedge Fund” (page 38).
(If you havenβt read it, you can get a free copy of my book here.)
Some people seem to have a flawed perspective. These people seem to think that learning is just β¦ βOh, let me study for three weeks and Iβll know everything.β
It is harder in the beginning. Because you donβt know what to look for. Everything is weird and counterintuitive. Study everything. All the time. Have no life until you make a lot of money. Then you get to have a better life. Then you can do anything you want.
Now for the final question in this editionβ¦
βRoughly speaking, how many times should I test a strategy to determine if it works for me?β
Try it 100 times, heck, 1,000 times.
Again, I feel like people who ask these questions want the minimum number.
Do more. Do double what you think. Do triple what you think.Β
You ever watch a baby learning to walk? You think they care how many times they fall over before they walk? Imagine a world where babies refused to learn to walk after one tumble…
Iβd rather you overdo it when studying, preparing, and analyzing than do too little. Trading isnβt rocket science. Youβll learn something from trying a pattern 100 times. You might decide itβs pretty good. Or you might figure out itβs not the best pattern for you.
Itβs not an exact science β I donβt want you to think that. Donβt be like the short-sellers who say, βjust short anything thatβs up.β
Thereβs always more to learn and more to test. Take warrants for exampleβ¦
A lot of these short-sellers tell their followers lies about warrants. They might say, βOh, the company has warrants β it should crash.β So everyoneβs messaging me about warrants. The stock is spiking 50% in a day with opportunities to trade the breakout, and all I hear about is warrants.
Yes, warrants are a negative indicator. But itβs not the be-all and end-all like short-sellers think. And worse β¦ they try to make others think that way.
Stop Wasting Time Searching for Stock Trading Shortcuts
Be very careful about anyone who says this is easy and that you donβt have to study. If youβre a member of Pennystocking Silver, you have all my DVDs and video lessons. Trading Challenge students also get all my archived webinars. Study everything you have access to.
Do 50,000 hours. Completely immerse yourself. If you get obsessed β¦ if you make a decision that youβll focus on nothing else until youβre a self-sufficient trader β¦ it can change your life.
If youβre not a member yet, watch my YouTube videos. Read my book. Keep reading this blog.
There it is. The shortcut to your trading success is to stop wasting time looking for shortcuts.Β
Now get to work…
Millionaire Mentor Market Wrap

Millionaire Media, LLCThatβs another one in the books. Thank you for reading. If you think the questions from the last few weeks are very basic β¦ youβre right. But in an industry full of fakes, Iβm trying to be real.
Iβll get back to more specific trading-related questions next time. It just seemed necessary to point out that it all starts with mindset and education. Sometimes you gotta get the high-level thinking right in order to take advantage of the details. I hope that makes sense.
Remember, itβs a marathon and not a sprint. If you can keep that in mind, then over time the nuances will make more sense.
If youβre ready to get serious about your trading education β the Trading Challenge includes everything Iβve learned in two decades of studying and trading. To my knowledge, there is no more comprehensive trading education available anywhere. Apply today.
Are you a trader? Has taking shortcuts affected your trading in a bad way? Share your experience so everyone can learn. New to trading? Comment below with βItβs a marathon, not a sprint β I will study every day.β Comment below, I love to hear from all my readers!
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. Iβm 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: Donβt forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.
Knowledge supports growth & knowledge.
Itβs a marathon, not a sprint β I will study every day. Hi Tim. I am a total newby to all trading aspects. I want to say that you have inspired me to start trading and I have really take it seriously. I am your “weekend profits” subscriber and I started paper trading with your advice, before investing real money. I am in process of getting through all of your you tube videos investing in my knowledge account and waiting to get accepted to your millionaire challenge!! I realy like your philosophy behind trading and promise I will work hard and become free!
Cooooool. Also read this book by my student (I wrote the forward): https://tim.ly/jbook
How do I find the same tickers you find. I use STT scan and screeners, I look up Yahoo, looking up penny stocks. I can find a number of them, I can find the same tickers on the different screeners. I seem to have too many and I seem to pick the ones that aren’t working. I look at the 1 year chart, the 5 year chart, and the two day chart. I look at the volume, the float, and now the beta. I check to see if there is news, twitter feed. What am I missing. I have to understand the SSS better. I watch you put in the numbers, I’m close to what you say you think the stock is for all 7 SSS and sometimes I am way off. I want to understand this better. I want to understand the history.
Thank you for all you do.
Keep studying. Remember, I have two decades of trading and I’m STILL wrong some of the time. You can also ask questions in the Challenge chat room. The community is VERY helpful.
Itβs a marathon, not a sprint β I will study every day
GOOD!
This is marathon, not a sprint and I AM studyING every day!
YES!
yessss!
I’m new to trading so I am looking forward to studying anything I can get my hands on at 61 yrs.’ old I don’t have time to waste Thanks Tim
Read this book by my student as it answers soooo many questions I get from students: https://tim.ly/jbook
be sure to read this book https://tim.ly/jbook by my student (I wrote the forward)
Thanks Tim for another encouraging post. I study everyday, all day wherever I can. Today, I observed many tickers such as Roku and a few tech tickers from pre market to close market. I think it was productive because what I learned from your teachings, it makes so much sense. After post market,I study more and some more. I actually look forward to each day to learn more about the market and trading.
YES!
GOOD! Keep it up.
awsome studding every day thank you!
π
Hey Tim how did TROV do?Do you hold or sell for the 10.99% loss
I post all my trades on my Profit.ly page
Itβs a marathon, not a sprint β I am studying every day! I am learning that there is always more. I want to keep asking better questions. Everything matters. Thanks tons, Tim!!
YES!
My pleasure.
Good job! keep it up.