Category Archives: Adapting

What Are The Best Penny Stock Lessons ?

penny stock lessons

What Are The Best Penny Stock Lessons?

We’ve got A LOT going on in the world of penny stock lessons as I’m trying all sorts of new projects in order to create more millionaire trading challenge students, the 3 biggest of which are this free webinar happening in just a few days, this new book that organizes all my lessons and is already a #1 best-seller on Amazon, and the new website too that does a better job or organizing all the daily content we’re putting out!

Here’s a video I made explaining everything and we’ve transcribed it too for my valued deaf trading challenge students too!

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URGENT: Tune into this FREE WEBINAR April 26th, 8pm EST, don’t miss it!

Also, grab this Profitly sale HERE and message me HERE if you want a deal on Dux’s new guide!

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The Dangers Of Holding Stocks Overnight Right Now

Slow Market Survival

 Holding Stocks Overnight

For the past several days, I’ve been warning my trading challenge students about holding stocks overnight and I was getting lots of questions as to why I’m so bearish.

Register HERE for my ALL DAY live trading event next Tuesday, March 27th and HERE is the 50% off pre-sale on my newest guide PennyStocking Framework Part Deux with all proceeds going to charity!

Well, sure enough the overall stock market, including many of the hottest penny stocks, has gotten wrecked the past 2 days…so here’s a video I made before the Dow dropped roughly 1,000 points, maybe if you watch it you’ll understand my take better: Continue reading

How To Trade This Current Market

how to trade

How To Trade

Recently I’ve become obsessed with planning ahead of time, that’s why I’ve written recent blog posts “Here’s How I’m Playing All These Hot Stocks Now” and “My Plan For The Next 10 Months” as I think that’s key for you to become my next millionaire trading challenge student.

And today, the overall US markets are down big and earlier I warned my chatroom (get access here) of the downside potential and for everyone to go into protection mode as that’s the key in this choppy market environment that’s long overdue for some more pain for longs, see my new video here I made just to explain that a little more in depth: Continue reading

It’s Surprising What Makes You A Stronger Trader

Mistakes Make You a Stronger Trader

What if I told you that mistakes make you a stronger trader?

It’s a simple fact that as a trader, you will make mistakes. You’ll hold on to stocks too long, sell short too soon, or commit any number of other errors. It’s inevitable and a fact of life: there are just too many factors to get it right all of the time.

However, in this fact there’s also freedom. Once you accept that mistakes are going to happen, you can make a conscious decision to use them to your advantage and learn from them in order to become my next Millionaire trading challenge student! Continue reading

How To Stay Productive During Down Times

In any industry, there’s a certain amount of down time involved. Trading is no exception.  And, with penny stocks YOU MUST HAVE PATIENCE TO WAIT FOR THE ABSOLUTE BEST SET UPS TO TRADE…that’s been the key to success for my top Millionaire trading challenge students and myself and how we stay productive .

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As exhilarating and quickly as things can move during market hours, there are bound to be times where you find yourself waiting. Waiting for a deal to go through, waiting to see what happens with your stock…basically, waiting for what’s going to happen to happen. Continue reading

8 Tips For Dealing With This Market Volatility

short selling

This is a VERY exciting week for my trading challenge students, as there’s not one, not two, but three live webinars from my first millionaire student HERE, my second millionaire student HERE and one of my upcoming millionaire students HERE…all three are not just self-made, but they’re also self-sufficient and they’ve gotten VERY good at helping me teach and mentor others too, so I’m SO excited!

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As for the overall market, well, that’s a different story, because while it’s never necessarily entirely predictable, there are times when market volatility impacts penny stock trading…like right now. Times like these can definitely be tough on traders, whose carefully honed processes don’t work as well…so you must learn to ride the market no matter what it’s doing. Continue reading

Tips And Tricks To Get You Through The Hard Times

the hard times

We all have our ups and downs and yes, it’s true, every trader goes the through the hard times every now and again…especially the past few years for short sellers who haven’t adapted to this crazy market like my top millionaire trading challenge students and I have (you must adapt in changing markets…or perish)!

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And it’s how you pick yourself up from your losses that helps you become who you were meant to be. So, it’s important to know that this is completely normal and an inevitable part of any trader’s career, in fact, it’s a REQUIRED part of your education as every great trader MUST learn how to deal with losses, and over time, how to minimize them.

One of the things I strive to impart upon my millionaire trading challenge students in the Tim Sykes Millionaire Challenge Team is that if you can improve your constitution so that you can weather the hard times, you’ll ultimately become a stronger trader with greater career longevity.

All the same, getting through the hard times can be challenging. So, these tips can be useful in helping you survive the tough times so that you’ll hold on until things brighten up again, career-wise.

1. Let yourself wallow, briefly. Did you have a terrible trade, or maybe a week of terrible trades? That sucks, and you deserve to take a moment to feel sorry for yourself. Actually, it can be very helpful to take a short break to really let yourself wallow. Bring on your “poor me” best. It’s important to let it get out of your system so that you don’t begin to form an association with trading bringing you misery. Giving yourself this permission to wallow for a brief amount of time (a few hours, days or even weeks at most) can make it easier to return to your regime of millionaire habits once you’re through.

2. Take a break. In addition to letting yourself wallow, indulge yourself in a little break. Maybe it’s a few hours, or maybe a few days or weeks; everyone is different. Sometimes, a bad streak of trading can be the result of trader burnout or just being so overworked that you can’t see things straight anymore. A little distance can help.

Take a little time off and even consider going into paper-trading using this software…but also do something that you know will make you feel good, whether it’s spending time with family, going for a run, or just finishing your to do list. When you do come back to your trading, you’ll have a fresh perspective and renewed energy. This will make you a better trader over time and in the long run; remember that your journey of mastering trading is going to be a marathon, not a sprint.

3. Consider that it could have been worse. No matter how bad things have gone lately, they could have been worse. That’s true in most parts of life, and trading is no exception…especially if you learn to follow my rule #1 and cut losses quickly!

Say you had three bad trades in a row and lost money. Someone else, right now, might have made five bad trades in a row and lost double the amount that you did. You could have gambled your house away. You could have lost an arm. Listen, the fact is, it might feel like this is the end of the world, but in the vast scheme of things…you’ll survive. It could have been worse.

4. Think about what is good in your life. A little gratitude can go a long way. You’ve wallowed and let the negativity out of your system. Now, it’s time to focus on the positive. Things might be going wrong at the moment professionally, but it doesn’t mean your life is all bad.

So what is going well? Focus on the things you’re thankful for, like family, your mentor, people who inspire you, your health, your pets. Whatever is good in your life, take a moment to acknowledge it and be thankful. It really can be a powerful way to maintain motivation in the face of adversity.

5. Remember your successes. Sometimes when you’re going through a hard period in your trading, it can be easy to fall into the “I’m a failure” trap. Not only is this boring, but it can become a self fulfilling prophecy. If you believe you’re destined to fail, it’s more likely that you will.

To keep from going down that rabbit hole, take some time to remember your successes. Look back at things that you have done right and times that you’ve made money as a trader. Consider this: are you doing something different now that is not serving you? Remembering your successes and trying to get back into that mindset of success and plenitude can help bring you back on track.

6. Circle back to the mistake and learn from it. OK, you’ve taken some time to mull it over, to vent, and to get back on track. Now, circle back to that mistake, or what is going wrong right now in your trading career. Are you able to identify a cause for the hard times? To a certain degree, there are just learner times than others. But be honest: have you become lazy in your trading? Are you trying to make trades when you simply don’t know enough about the market?

If it’s a matter of needing a stronger foundation, consider my Tim Sykes Millionaire Challenge program. It’s proven successful for many students who weren’t finding much success on their own. The program gives them what they need to progress from amateur to successful penny stock trader.

7. Learn something FROM EVERY LOSS. Make use of tough times as a trader by learning from them. If you determine that your bad luck streak is really just trader burnout, then resolve to know when to quit for the day and take more breaks. If you realize that you simply don’t know enough, back off and learn about the market more before attempting trades.

Learning from these tough times can make them valuable so that you can avoid them in the future.

8. Seek out guidance. A good network is one of the secrets to success as a trader, and it can also help you get through hard times. Lean on your network, including your family, professional peers, and mentor, during hard times. This can help in a number of ways. First, you’ll find how very normal it is. When you admit you’re having a tough time, you may hear inspiring stories of how other people moved past their tough times.

You can also gain perspective. Speaking to your mentor during hard times can help get you back on track, because they’ve probably been through it and can offer assistance. They can also offer advice for what you might be able to do differently.

9. Get back on the horse. Ultimately, you’ve got to get back to trading with your enhanced perspective and lessons learned…even if you want to paper-trade or take smaller positions until you get your confidence back.

If something isn’t working in your house, you fix it and move on with your life. Do the same in your trading. Deal with it and let it happen, but don’t let it hold you back or make you quit. What doesn’t kill you makes you stronger, after all…and the worst mistake you can make is letting any one loss ruin your journey and future by quitting…remember this is the most important trait you need to become a millionaire so get used to it!

Everyone is bound to experience some hard times as a trader. By heeding these tips and tricks, hopefully you’ll be able to get out of your rut sooner so that you can continue on a trajectory toward financial success.

How do you deal with tough times as a trader? Leave a comment and let me know, and let others know as we’re all in this together and we can help each other out by sharing our experiences!

The Key Lessons From The Incredible Past Few Weeks We’ve Had

Incredible Past Few Weeks

URGENT: Save 30-70% off on my blowout holiday sale HERE

We’re coming to the end of 2017 and it has been an INCREDIBLE past few weeks of massive penny stock volatility, both up and down, thanks to how hot the overall stock market is, and more importantly, how hot the Bitcoin and crypto-currency space is….here’s a new video I just made featuring all the most important lessons and how SO many of my top trading challenge students and I are enjoying record profits: Continue reading

How To Make Exponential Gains

Your goal should be to make exponential gains. Unlike most of Wall Street that is obsessed with generating 10-20% annual returns for investors — because it’s safe and a good cash cow, in terms of fees for brokers, mutual funds, hedge funds and pretty much the entire financial industry — I’m focused on helping to generate ridiculous annual returns in the realm of 200%+, 500%, even 1,000%+, by focusing on weird little niche strategies that are ideal for small accounts.

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URGENT: I convinced one of my most financially successful friends to give you a free webinar HERE in just a few days Continue reading

3 Must Watch New Video Lessons

You gotta see these new trading video lessons!

If you read my Friday blog post entitled “You WILL Study These Videos This Weekend…Or Else” you might have sensed that despite there being SEVERAL perfect plays the past few days — for longs and short sellers alike — and the fact that SEVERAL of my top students and I are on absolute fire with our trading, I am not a happy camper right now because only a few of my top trading challenge students and I are profiting consistently while the vast majority of my social media followers and students waste opportunity after opportunity.

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Why must I keep featuring the same top trading challenge students like this who understand the key to profiting four and five figures in a day or two is constant study and preparation as the absolute best trades can be planned in your head BEFORE you risk your hard-earned money: Continue reading