Despite all the turmoil in the Middle East and fears of inflationā there have been several small-cap breakouts this week.
Two that stand out were TPST on Wednesday, going from $0.90 to a high of $11.50. And OPGN yesterday, moving from $0.34 to a high of $4.34.
MEMORIZE/BOOKMARK THIS INCREDIBLE INTRADAY $TPST CHART AND REALIZE 1.) HOW AWESOME https://t.co/6cuTVNHVBf IS AS THEY ALERTED IT EARLYYYYYY AND HOW MANY https://t.co/fljCJN8USq STUDENTS BANKED ON THE LONG (EVEN IF ALMOST EVERYONE SOLD TOO EARLY!) AND 2.) HOW INSANE IT IS TO BE Aā¦ pic.twitter.com/Bdha7GllE4
ā Timothy Sykes (@timothysykes) October 11, 2023
However, most traders miss these types of opportunities and often find themselves on the wrong side of the trade.
Why?
It has to do with these four issues.
Luckily, theyāre easy to fix.
Table of Contents
#1 Putting Profits Ahead of Risk Management
2025 Millionaire Media, LLCLook around social media, and youāll find a lot of ātradersā posting their wins.
However, youāll rarely see them post their losses.
This is especially true for a lot of short sellers.
Who cares how much money you make if you lose moreā¦right?
At the end of the day, itās not how much you make. Itās how much you keep that matters.
Your first few years of trading will be a struggle.
Itās only natural because thereās a big learning curve.
The name of the game in those first years isnāt making moneyā¦itās survival.
And the only way you can survive is by keeping your losses small.
My number one rule, and probably the only reason Iām still consistently profitable, is that I cut losses quickly.
If you want long-term success, you must consider risk management first.
#2 Being Stubborn
2025 Millionaire Media, LLCLook aroundā¦
Weāre seeing one short squeeze after another.
Yet there are so many crowded short sellers.
When will they learn?
I used to be a short seller, and I made a lot of money doing it.
But as market dynamics changed, so did my trading strategies.
I realized that the risk vs. reward didnāt make sense as a short seller, so I focused mainly on taking longs.
Fuck your risk management, fuck your max loss, when you play with fire, or in the case of Supernovas plays like $TPST $ILAG $HKD its nuclear weapons, over & over & over & over, you WILL get burned. It's not a question of if, but how badly. We haven't even seen the worst ye, butā¦
ā Timothy Sykes (@timothysykes) October 11, 2023
This year has been tough for many traders, including myself.
And because of that, Iāve been experimenting more than in years past.
Trading is always about adapting; if youāre not finding success, you must be open-minded to trying new things.
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Donāt let your ego get in the way of your future success.
#3 Betting Too Big
2025 Millionaire Media, LLCEveryone is in a rush to make money these days.
Itās why most of them fail.
You canāt force it in trading.
Believe me, I wish I were up more this year, but Iām not.
Trying to put bigger positions to squeeze out higher profits can be a recipe for disaster.
So many traders expect the market to return to 2020/2021. But thatās not happening.
Youāve got to learn to size accordingly.
Donāt let one trade ruin you.
I prefer steady, small wins over the rollercoaster ride I see many traders on.
#4 Failure To Prepare
2025 Millionaire Media, LLCI typically go into each trading day with a trading plan and a list of stocks Iām watching.
Prior to that, Iāve reviewed my trades and analyzed what I did right and wrong.
Iām constantly trying to find new patterns and trends.
Asking myself, whatās workingā¦what isnāt.
Not only does this keep me sharpā¦but it prepares me for whatās in store.
Are you prepared?
After midnight study check, who's still up studying, reviewing your @StocksToTrade scans or making your watchlist for tomorrow?!?! Where are my most dedicated students?!? HOW BAD DO YOU WANT IT?!?! HOW HARD WILL YOU PUSH YOURSELF TO SUDY HAAAAAAAAAARD AND ACHIEVE ALL YOUR GOALS!
ā Timothy Sykes (@timothysykes) October 12, 2023
Or are you going into the day hoping and praying youāll make money?
Do you have a strategy?
Do you have a trading plan?
If you answered no, then youāre in trouble.
Instead of being in a rush to trade, be in a rush to study and improve.
š Sick of Missing Out on Huge Market Moves? š
Many traders fall for the same pitfalls in a turbulent trading world where the unexpected happens daily.
From failing to prioritize risk management to neglecting preparation, these mistakes can cost dearly.
š„ Caught up in the thrill of chasing profits, only to end up with hefty losses?
š„ Sticking stubbornly to outdated strategies, even as the market shifts?
š„ Betting too big, too soon, and burning out before the real gains appear?
š„ Heading into trades with no plan, just blind hope?
If these resonate with you, youāre not alone. But it doesnāt have to be this way.
š Join me in our special live training sessions and letās tackle these issues head-on.
š Uncover strategies that prioritize long-term success and consistent profits.
š Experience real-time analysis, spotlighting the common traps and how to avoid them.
š Learn not just to trade but to thrive by understanding the core principles of successful trading.
Ready to turn your trading around?
Eager to capitalize on opportunities while keeping losses in check? The roadmap to resilient and profitable trading is just one click away.
š CLICK HERE TO TRANSFORM YOUR TRADING!š
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