I agree Tim. Mutual Funds are one of the biggest lies ever sold to the average investor. I owned Janus and Invesco funds as a young man in '98-99 when they got caught scamming their own investors. Great lesson to learn at that age. Never went back to mutual funds and never will.

Thanks for the video. I'm a novice trader and I'm learning something everyday.

Such wise advice, Tim. Thank you for all that you do to teach and help us along the way. Being a part of profitly is one of the best things that has ever happened to me- & lots of awesome things have happened to me;)) You are right up there with so many brave ppl doing the right thing, risking calumny & wrongful charges to bring corruption to light. Count me in for the long term. ;))

I'm here at a sleep study until Sept. 10th earning extra $ for trading- its more like sleep torture, but I'm doing what's needed to get this- & besides I can study trading videos & books here. Thanks for believing in us as well- I'm definitely going to prove you right that they ppl who want it bad enough will achieve this. Yeah!!! Commitment & Consistency & Conviction!

Welcome back !! : )

Can't front, I've learned more 'meat and potatoes' knowledge in four months than the preceding years. Great stuff Timothy 'Robin Hood' Sykes keep it up.

As one of your first subscribers, Tim, this video lesson is absolutely spot on, and a great reminder even for successful traders.

@seattlehiker thanks man, glad you liked it, good to hear from you!

Thanks Tim

thank you Tim :)

Summary Trade very careful these next coming weeks. Remember that the market it is due for a change. Normally this happens between September / November. Think twice about holding a position overnight. - It that time when we embrace one of Tim's saying " Im a wise but a cowardly profitable trader" - There is no need to trade everyday. Trade like a retire trader - All it takes it is one trade to lose your account

tim is back , and back in style,love it:stocks have memories , ie spikers., look for indiCATORS ;AND MAKE SURE THE ODDS are on my side,how strong are the iondicators,and the reaction to the News.in the morning open , go for spikers or Panic,.remember the market is NEVER wrong in this game.all it takes is one big Play to make you History."BEST TRADE NO TRADE AT ALL"....tim sykes

Another great lesson. Risk management is a top priority of mine now with having blown up my first starter account over leveraged. If this lesson doesn't stay with you, imagine not being able to trade and depressed not being able to do something you love doing. Painful. Fresh traders should write it down..don't blow it. I'm still really new but have went through that pain as he mentioned with his fund. EXCELLENT VIDEO LESSON HERE

key take away from this lesson is keep your account/s safe specially when the over all markets are in time of uncertainty, But understand that market crashes can be big opportunity and if you are prepared the door to big potential can be wide open! But understand that you should not be in front of it, do not step in front of a train, you are never too big to be unaffected. To stay alive over Time you must trade safely and protect at all times, staying disciplined and practicing safe rules.

watched and learning!

Great video Tim

A sobering message, especially now.

TY Tim

Thanks Tim

Thanks Tim dont think your smarter then trhe market. when in dought stay in cash and study be ready for the next opertunitty.

thank you Tim

Awesome lesson bearing in mind whats happening in the market right now. Cheers Tim!!

great

none

Thanks Tim

Thank you Tim!

Video watched. Muchas Gracias.

Thanks Tim.

You cannot cheat your way to success. Learn from the past, study in the present, and prepare for the future.

Thanks Tim!

+

Thanks Tim its about seeing the signs before they happen and knowing when to be all cash because often time the best positions are in cash. There will always be another great play its if I will be able to take advantage of it or not

Thanks Tim.