🔴 Learn How I Became Financially Free, JOIN my Challenge: https://bit.ly/32GKGzw 🤑👇🏻 EXPAND DESCRIPTION for more LINKS 👇🏻🤑 Haters say my losses mean that my lessons don’t work. But they don’t understand that losing is an inevitable part of trading. Nobody wins 100% of the time. So you have a loss and start second-guessing yourself? No! Here’s how to learn from losing trades. LINKS Mentioned: 🔴 Get in on my 30 Day Bootcamp: https://bit.ly/2Uoukad SUGGESTED LINKS: 👉🏼Get my FREE weekly stock watchlist here: https://bit.ly/35t7Aft 👉🏼See all my trades from the last 20 years: https://profit.ly/user/timothysykes 👉🏼SUBSCRIBE: https://bit.ly/2MDNeVq to get INSTANT alerts when I post a new video outlining my penny stock trading techniques.* ✅ Share this video with a fellow Trader: https://youtu.be/SkADn40htgY ✅ Recommended video: https://youtu.be/m-yB0ssHt_g ✅ Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R 🔴 FULL DESCRIPTION: Today’s video lesson is a little different, but very necessary… It was a rare trading day for me — several losses and almost no wins. But I think it’s important to show you that these days happen from time to time. And it shouldn’t alter how you trade overall just because you have a losing day. I’m not going to switch up my strategy completely, but I may tweak it just a bit. In some cases, there may not be anything wrong with what you’re doing. It could be that your timing is off. You could very well be on the right track in terms of a stock fitting your patterns, but timing is a huge factor. Today’s lesson is about learning from your losses and to understand that they’re not the end of the world. Don’t let them ruin your whole day, week, or month. Another thing I want to remind everyone of is that controlling your losses is the most important lesson in my eyes. If you look at the total of my losses today, you’ll see they amount to less than $1K. That’s an extremely small fraction compared to my profits from this month. Mind you, I’m not proud to lose in general… But losses are a reality … Your job is to keep them a small percentage compared to your overall wins. Don’t forget: most traders lose, it’s the traders who know how to contain their losses to a minimum that rise above over time. So, learn from my losses by watching this video, then learn from your own. And you can take a break from trading if that’s what feels right for you. But don’t be hard on yourself. Every trader loses sometimes. Learn from it! Leave a comment below if you know why it’s my number-one rule … Say, “I will ALWAYS cut losses quickly.” ✅ Follow Tim Sykes and his trading travels: Instagram: https://www.instagram.com/timothysykes
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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.* —————————————————————————————————————-
* Timothy Sykes teaches skills others have used to make money. Most who receive free or paid content will make little or no money. Any results displayed are exceptional and are not typical and will 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. Do not invest money you cannot afford to lose. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services. Past performance in the market is not indicative of future results. See Terms of Service here: https://www.timothysykes.com/terms-of-service/.