20 Trading Lessons You MUST Know for 2020
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- Опубликовано: 10 июл 2024
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I’ve been trading successfully for 20+ years* … Here are the 20 most important lessons I’ve learned. Get it!
LINKS Mentioned:
🔴 I publicly share every trade I make: profit.ly/user/timothysykes
🔴 My first millionaire student started as a hater! bit.ly/2N7MF7f
🔴 How my student turned $1500 into millions: bit.ly/3anAVsl
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It’s freaking crazy that I’ve been a trader for more than two decades.
But you know what’s not crazy? Over those two decades, I’ve learned a LOT. And I want to share it with you - right here and now.
I have a reputation for being kind of a drill sergeant. I can be tough on my Trading Challenge students. But it’s not without good reason...
I feel the need to drill these lessons into you … because the stock market can be a bloody battlefield. I’d rather be seen as the jerk who saved you money than the ‘nice’ guy who led you to blow up your account.
In this video, I share 20 of the most important lessons I’ve learned over my career.
Some highlights?
For one … patterns repeat. What happened with the dot-com stocks when I was just starting out as a trader was the same as bitcoin stocks a few years ago. Will you be able to spot the next stock market phenomenon? The tech might be new, but the patterns will repeat.
Another tip? You’ve gotta think like a retired trader. I talk about this a lot … and I’ll be the first to admit, it hurts my students’ brains. A lot.
This approach might make me miss decent trades … But I think it’s worth it. I like having a life and enjoying myself. I get to travel, build schools, and give back. What do you want out of life?
I’ve got so much more to share … like how sometimes the best trade is no trade. I’ll tell you why forcing trades is never a good strategy. I’ll explain how sometimes this ‘counterintuitive’ advice - and plenty of restraint - is actually a smart choice.
Also, you’ve got to remember that scams are rampant in the world of penny stocks. Sorry, but that’s the truth. The best way to protect yourself? Educate yourself. Build your knowledge account.
How has my trading changed in the past 20+ years? Watch the video to see what’s changed over the years. Plus I’ll share why I think right now is the BEST time possible to learn how to trade!
There are so many more lessons. Trading isn’t an exact science … but it’s also not rocket science. Don’t miss these lessons!
From #1-20, which lesson helped you most? Let me know what you think!
✅ Follow Tim Sykes and his trading travels:
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Facebook: bit.ly/2ItKo3A
Twitter: bit.ly/2P46g8n
#TimothySykes #PennyStocks #TradingTips
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
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* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: www.timothysykes.com/terms-of...
From #1-20, which lesson helped you most? Let me know what you think!
#19 relates to me recently 18:35-19:10 , I nailed $FCEL , I was in @2.53 and out @2.77 I bought the rumor and sold before the news lol! It’s a great lesson though because this morning when the news did come out on their earning the stock tanked from 3.20 all the way down to like 2.
UNDERRATED LESSON!!!!!!!!
This trade also wiped out all my annoying 5-10-20$ losses , some of which should’ve been wins but work got in the way and that’s ok! Sometimes life gets in the way!
Still going strong Tim!
See you in ... idk what the number is anymore , we’ll just say like 950.
Thanks again
-Jordan Reed
P.s. you forgot to add the music to the end of this video. It’s cool though
All your 20 rules are kind of basic guide lines in my trades. Also I like you casual jacket in this video.
Lesson #16- Learn to react, not predict is definitely a good one, some of these stocks can be unpredictable anyway so it’s best to just react to the price action, news, etc
Rule number 1 for sure I am glad you brought up your losses are only 1 or 2 percent later on in the video because I never have been sure at exactly what percent I should cut losses
I'm 19 and I'm a dishwasher at a cracker barrel near me. I put my little Bluetooth headphones in and listen to your videos all day on repeat when I'm working (: thanks
that's awesome! Keep it up 🙌
Legend
your time is coming my friend do not give up, never bend never fold. its a marathon
I hope you'll do very well, but remember dont give up if the start isnt so great.
You're the F'ing man. Totally in this to give back. I made 55K in one trade and I give back 10% of all my trades I profit from. I will be seriously looking into your programs. Love your attitude!
Be real with yourself and others, learn from your mistakes, Cut losses quickly, think like a retired trader there is just so much great info in these video just like your Student Portal lessons... Again, thank you Tim...
thanks Will!! you got it. 👍
Thank you Tim for sharing your insights and knowledge with so many folks! Great video! I am learning so much. Your attitude, honesty and transparency has won me over! I look forward to more videos, chats, webinars and ultimately, your challenge.
Thank you, Tim, I listen your videos more than watch them. I made all the mistakes you mentioned, hold and hope, chase a stock, get emotional, get depressed...it's pretty difficult to determine when to enter and when to exit. I'm still learning. Thank you
glad you have you here, Cindy. Learn all you can!
Tim, this is about my 20th video I have watched of you. I’m cashing out part of my 401k to join your challenge team. I have already had my interview. I am willing to listen and work hard. Hopefully a year from now I look back and say, “Wow, what a great decision!”
Good video thank you. The best lessons are “learn to react and not predict the market” and “Give back”. This is very true, most cases when I tried to use what I got from my old learned patterns or what I think should happen from the news, it back fires on me, now I go with the flow. As for giving back, this is a mystery, but also very true. If you give back to other people what you have, is it your knowledge or money, you always get back a double portion of what you have given in cash or kind, it’s the law of nature. How it works or why that is? No one knows😶, just give back, and avoid being selfish or you will lose it all.
I've watched a few of your videos now Tim and you seem really authentic. As for your question about which lesson helped the most. It's tough to choose 1 out of 20 so top 3
Lesson 9 Rule #1 Cut losses Quickly
Lesson 6 This is a battlefield, arm yourself with education
Lesson 17 Take a little something from every successful (and fully transparent trader & investor)....
Thank you for the guidance Tim!
I have no clue why someone would "thumbs down" this...this is outstanding. Sure it's common sense but sense isn't common. So kudos to you Tim. My trading evolution is and has been collaboration of many different traders. But I plan on building the life I want over the next 20 years. And I want to do it right.
this is the first time i watch your video and is the first time i comment on yt. im a new trader, in the past 12 months i made 40k at start but now im down 40k with less than 2k in the account. my mistake is being an attacker, i traded everyday and many time a day. i knew this is wrong but couldn't control my greed, if i were to take small profit and cut losses i be near the 6 figure mark now. i learnt this the painful way as i was so stress out. i hope others don't make the same mistake i did. your video is the best so far as you summarised in a way everyone can follow and is real practical facts. i don't know if i can turn my 2k back to 40k or not but one thing for sure after watching your vdideo is that im heading back to the right direction. you got my acct together, thank you
im getting it little little, learning from your DVDs and videos here in RUclips. thanks for all the info, the one thing that made me follow Tim is cuss him and his students are transparent.
I am a rule keeper. However I don't even know where to begin. I'm overwhelmed with excitement and enthusiasm. I am not stuck in my ways. I am a very opened minded person. I just need direction. I appreciate you being honest, upfront and bold. I just need to get started. I have enough to start my marathon. I can see the trends, I can follow directions well. I can follow good stocks but I don't even know where to purchase these stocks. Do I need a separate bank account or where do I start with what kind of account. I don't know how I found you but I sure do appreciate your leadership. As a retired pastor I know the value of following the person that is leading.
Mr. Sykes this guy humbly submits to your leadership. Thank you Rich Workman...
Lesson I learned today: it’s ok to sit on the sidelines and watch.
where you watch stocks if no account
Thank you for the honesty. It's scary for me specially starting at my last 20's. I wished I have started years ago now. But I will surely follow your tips and start small. Thank you again
It's never too late! You've got this!
Thabk you Tim Sykes. I love that your are real and straight up with everything. I am so excited to have started on this journey and want to learn learn learn. I am taking your advice to heart and hope to be own trader sooner rather than later!
I learned #19 the hard way last year. 3 times taking a loss on good news.. I've learned to trade before the catalyst and wait for the reaction. Great video as always Tim. I hope to one day join your trading challenge. Til then I'll keep studying up.
thanks Jeremy!
I am very agree with the lesson two !! Cuz when I traded before I always easily been affected by the price and profit I made but forgot how to become the best trader . thanks Tim!!
you got it!
Joined up to be your student. Done the first homework reading the book on the volatile survival guide. Watching youtube lessons while waiting for the next homework for today.
Much appreciated Tim brand new to this type of trading but you make perfect sense thanks for taking the time to help explain.
You do t have to bear ahead of time, you can find an recognize a multiday runner, and get to be Ina trade and ride it up. Thanks Tim.
Lesson 13 is what is driving me to join you, i wanna make a difference in other people and thus i am determined to make it.
Learn all you can!
Thanks Tim for the valuable lesson and a great humor! Cut losses quick and keep on learning to prepare definitely will be a big one for me.
Your new challenge student. Sensei!😁
glad to have you along!!
Thank you, I am graceful for you and what you have done for other.
I also see that Tim response to almost all the comments, what a MENTOR indeed. I started my journey with him and STT user and about to be STT pro in next few weeks. Am greatly excited. Amos
glad to have you on board!💯🙌
1:45 am , watched this video✅. Awesome lessons!!
I'm about to join your mentor challenge. I have learned a lot already by watching your videos and using a small account. I've already noticed patterns which I've heard u talk about. I'm ready to be your next millionaire student.
awesome! Glad to hear it 👍
Tim, i f-king love the videos and all the knowledge and advise is greatly appreciated
Great video, kinda outlines your basic strategy. Thanks for all your teaching and advice. Proud to be one of your Challenge students!
glad to have you on board!!
I don't speak a lot of English but I understand you. You speak very clear. Be my mentor Tim
thanks Theoma!
Thanks for the learning tips and trading foundation. Just watched your new 94 lessons and Tips on trading. It has greatly improved and helped my trading confidence. GOD bless you for your desire to help others.
Great to hear!!!
Invaluable guidance Tim. Thanks for all you do.
thanks, i appreciate it👍
All of these tips are valuable and it draws out the bigger picture for becoming and or being a successful penny stock trader. Mahalo Nui Tim👍🏾👍🏾👍🏾
thanks Leinani!
what tip stood out to you the most?
#3 sometimes the best trade is NO trade. I've forced trades before and kicked myself in the ass after😫..I'm choosing to just absorb all I can from various sources including you. Thanks for being real & giving back to the world👊🏽👊🏽👊🏽🙏🏾🙏🏾🙏🏾
#1, 14, 16, 17, I’m definitely a fan of KISS, 20- I too was a skeptic at first- I hope to tell you my story one day and how you changed my life and inspired me to make a different future for myself ✨❤️✨
awesome! See you at the top!
Great video Tim. I like the info and the message. Thanks for sharing your knowledge!
happy to help!
Tim you are living my ideal. I'm on board. I'm studying up to become your next millionaire student. Love your energy and generosity thank you
glad to have you on board!!
Loving the lessons, I have 1000, Where, what and how do I study? I’m looking through your videos trying to apply. Got my mindset ready, going to start small, where do I look?
Love your honesty Tim. I could easily spend the whole day........talking to you about trading. Maybe one day.........??????
study all you can and start trading!
@@TimothySykesTrader Hi Tim, I do trade. And lost money for years..........then I had the aha moment. ( mine was trade against the loser..............nothing to do with charts. I'm now consistent. Realised trading is 99% mental ( to master trading......first master thyself) Most of OUR Thoughts are delusional...........certainly in trading. Those thoughts which we hold so dearly......are nothing to do with how we are going to profit!!!
I got the most value out of the safety lesson. It is just my nature to stick my chin out to tempt fate, then in the natural world it ain't pretty for the baited. In stocks I believe you that it will not pay to stick a chin out, at all. A 10% success rate is not a big pad to land a large bird on but you have one there and that is no mistake. I was not blessed with a photographic memory as you were but I can outwork most of them and that would in this case be learning and following a plan. Make a plan follow the plan. Easy. Patience is the part that is not quite so easily done when one is hungry. Anyway congrats on beating, no, learning and employing the system to, in effect, beat the (6 to 6) system.
Thanks Tim for your advice and thanks for the video
Thank you for the lessons. They will be useful. My main weakness is to cut losses quickly. I am working hard on that.
You got this!
Thank you Tim Sykes This a very handy information to have before going into Penny Trading, I'm from Papua New Guinea a Third World country and I'm looking forward to be your student sometimes and I'm also learning from your other videos thank you great man
thank you! glad you're here- keep learning all you can
Thank you Timothy Sykes for consistently teaching and sharing valuable lessons.🙏🙏🙏😊😊😊
You bet!
Hey Tim! It's me Nelson! I was in your challenge 6 years ago. I've started up trading again, it's amazing to see how the patterns you taught us back then still apply today! I feel like I'm a little more mature of a trader now, finding stocks on my own then waiting for the trade to come to me before I go long or short. I'll let you know how I do, so far last week I'm up a good 5 percent on my tiny account of 10k USD, using the dip buying earnings/contract strategy.
love you man, your style/way of expressing what you got to say resonates to my heart ! best wishes there and everywhere
I appreciate that!
Tim what market do you trade and where can i find a list of the penny stocks on it to add to my tradingview
Wish I could like this video a million times. Thanks Tim for dropping these gems.
glad you liked it- thanks for your comment!
I came here because of Steven Dux and i really like your team transparency. Keep it up and im looking up to you guys and learning how to trade.
thanks Geoffrey! 🙌
Thanks, I have a book from you coming and I have been reading a ton of books and your style seems very enlightening to me. I am curious what platform you use to search stocks with this spiking?
I use stocks to trade: lp.stockstotrade.com/premier-trial/?CP
Tim! I'm pretty new at stock trading, I haven't start investing yet but I wanna know more about trading first. What would you suggest I learn first? I think I will start by watching all of your videos first and attending your available webinars. I think I will start investing to penny stocks too just for around $100 maybe just to learn how trading works. Let me know what else I can do to start. Thanks!
Great tips Tim! Thank you for sharing!
thanks Chris!
Thanks for all your beliefs and hopes that we will all be better off in life. Your knowledge is a wonderfull gift. Thank you
you're very welcome! 👍
Love it Tim Really great advice Thank you !!!
you're welcome!!
I’m learning so much from your videos! Thank you so much for giving your time freely to us.
You're so welcome!
Love it. Thank you Tim greatly appreciated
Glad you enjoyed it!
Great lesson Tim. I am back after one year and honestly I didn't focus that much due to my work
I have been taking notes like a mad man the last six weeks. Thank you Tim!
Nice! Keep it up 🙌
One of the most transparent and honest trader I've seen, great trader lessons!!
thanks Gustavo!
@@TimothySykesTrader Looking forward to join the challenge, I think I finally found the ideal Mentor/Trader to learn from 👍
All of them are important to learn and live by, but if I was to choose one that stood out it would be #3. #3 helps cultivate patients and being in the right mindset when trading. Waiting for the best setups is better than trading for the sake of trading and taking a loss. #12 speaks to the importance of trading with 3 accounts (Financial, Knowledge, Experience) (pg61-63) Preparation! Learn from each trade/strategy!
all of the lessons help and since you always mention them in your dvds and countless webniars and videos these are 20 trading commandments thy shall cut losses quickly !
Sorry Tim, but I NEED all these lessons to make me a better trader! The lessons that I am failing at right now are #9 Cut Losses Quickly and #2 Trading like a "Retired" Trader. I trade too much and I force trades in "hope" of making money! I need to trade ONLY when the set up is right!
that's good you're aware of your mistakes so you can learn from them!
Thank you Tim!!! Good Lessons!!
My pleasure!
Love your lessons, thank you 🙏
you're welcome! 👍
Your tips are very practical. Really enjoy them!
Thank you- glad they could help!
Being real with myself, knowing that I have to study my ass off and if I'm in a trade cut my losses quickly. Don't be arrogant! Like they saying goes, "YOU ARE RESPONSIBLE FOR ALL YOU DO AND FAIL TO DO!"
Broke college student trying to learn the stock market. Love this vid! Keep it up!!!
Boom! Thanks Jon!
Thank you tim have a good day you're one of the best human being on heart 💝
Awesome video Tim! 👨🏻💻📈🔥
thanks!
Great video as always
Thank you Tim for this info.
you're very welcome!
Good simple advice!
Appreciate this information man.thank you
thank you!
My favorite tip was start small. I'm a bad girl with underdog mentality, which is my weakness so start small tip will help me more than I know
Great tips, Tim! Thanks!
Any time!
You're the man Tim!
Thank you!
you're welcome!! 🙌
My first time to listened to your advised , thanks! and liked your lessons number 14 ,3.4,8..
you got it!!
Pauly shore was biodome!!! similar movies. both classics. great lesson man!
Utilized the tools you are given thanks Tim
you got it! 👍
Thank you Tim for keeping it real
always! 🙌
Awesome video Tim thank you 😊
glad you enjoyed it!
Like the way you explain down to earth. It is a valuable lesson👍😊
I follow you for almost a year now and i feel like you talk about these rules over and over in every single yt video. btw you the best teacher
Kristián Novický consistency is key! Good luck to you!
thanks!
So helpful. Thanks, Tim!
You're welcome!
Great summary , thank you.
glad you liked it!
“Cash is often the best play” love that one
Yes!
This was amazing!!!! Thank you!!!
Glad it was helpful!
All lessons always help, The most helpful is to keep studying the market, I do it all day, I am speeding up my learning process as fast as possible. also learning to use the bullshit spam to figure out how it changes the market and the games they play. And making it work to my advantage, It's a lot to figure out all at once. Thanks for the help!!!!!!!
Nicely done!! 👍👍
You’re Awesome! Thanks for this video.
you're welcome Christopher!!! 🙌
Good practical advice. Hope to make it one day trading penny stocks!
I took notes. Thank you
good idea!
lesson 17 would be most important to me since i've been trying to find good formulas to take my small account of $700 to better heights. I know it is considered the most smallest start. :)
awesome!
This was very encouraging bro. Let's me know I have the right mindset going into this. I am looking forward to this journey
i'm glad it was encouraging!
This is my favorite video great advice
glad you liked it!!
Where have you been all my life ? Lol. Honestly timothy sykes your very smart and humble. Can I join up to be one of your students please?
yes! Sign up to be a student at bit.ly/34286xj
Thanks Tim!!
you're welcome!
Thank you Tim!
My pleasure!
17 for me right now!! Just started paper trading!!! But I love KISS so true!
nice work!
I will learn from this! Thanks for the information!
you're welcome!
Superb tips. Thx
My pleasure 😊
Looks pretty open with a good intention helping other to earn. Thanks
YES clear as thank you!
You're welcome!