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#8249-8255: The Lessons Behind The $FTT #FTX Collapse

What a wild few days its been in crypto as one of the biggest companies, $32 billion FTX, just collapsed almost overnight...read this blog post to read about the key level that got taken out that that really began the death knell, but also watch THIS video and THIS video too to see my manyyyyyyy warnings about this niche as yo really can't trust anyone, even the biggest companies like FTX are doing some very shady stuff. And when it came down to it, their Super Bowl commercial and tens of millions of dollars spent lobbying politicians couldn't save FTX from their downfall created by their own conflicted/over-leveraged trading and an investigation and industry-crippling regulations will likely be the result.

And all you trading challenge students get excited for me webinar later today and Jack Kellogg's webinar on November 22nd as we'll teach you how to make millions WITHOUT risking your entire account like too many gunslingers do. Learn from some recent blowups like HERE on ILAG and HERE too as you can't study enough to get prepared and NOT risk a massive blowup!

ALWAYS REMEMBER: TRADING SCARED MAKES TRADING NOT SO SCARY!

Posted Nov 09, 22 8:25 AMbytimothysykes

Newsletters TimChallenge, TimAlerts, Pennystocking Silver, Millionaire Masters Program, Pattern Pro

Categories Basics, Breaking News, Classic Lessons, Trading Mistakes

Views 1987 / 36/ 62 (Avg 4.5 stars, 77 ratings)

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Wallmart365Nov 09, 22 8:26 AM

Thank You

AxiliousNov 09, 22 8:27 AM

SCARY!!!!!!!!!!!!!!!!!!!!!

AxiliousNov 09, 22 8:28 AM

FTX reminds me of Robinhood

Wallmart365Nov 09, 22 8:29 AM

I will expect to worse ,I will be safe

kam_33Nov 09, 22 8:31 AM

👍

WilliamGregoryNov 09, 22 8:46 AM

thanks Tim don't really follow crypto but this info helped better understand the environment better!

Wallmart365Nov 09, 22 8:54 AM

I will not take big risk to get wealthy

TaterchipNov 09, 22 9:00 AM

I will be safe and expect the worst.I will not take big risks to get wealthy.

MRI_GUY_007Nov 09, 22 9:03 AM

Thanks Tim. I will expect the worst, I will be safe

AxiliousNov 09, 22 9:08 AM

I will expect the worst, I will be safe

PhillipHamptonNov 09, 22 9:13 AM

I will expect the worse & I will be safe - I will not take big risk to get wealthy

millerruth23Nov 09, 22 9:18 AM

I will expect the worst, I will be safe. I will not take big risks to get wealthy.

MRI_GUY_007Nov 09, 22 9:20 AM

I will not take big risks to get wealthy

mitnick2Nov 09, 22 9:20 AM

Fantastic pre-market video on FTX. Thank you very much Tim.

iRomulusNov 09, 22 9:22 AM

I will expect the worst and trade safe

PoshaloveNov 09, 22 9:24 AM

I will expect the worst, and I will be safe. Singles add up. Thank you for the reminder before the market open.

2TheTopNov 09, 22 10:15 AM

I will expect the worse and I will stay safe

StefanSchwarz13Nov 09, 22 12:38 PM

I will expect the worse and I will be safe! I will not take big risks to get wealthy!!

PaulleeNov 09, 22 2:41 PM

expect the worst and stay safe , i will not take big risk to get wealthy .

karmanNov 09, 22 4:17 PM

I will stay safe. Thanks for the video lesson Tim

JHON25Nov 09, 22 4:20 PM

I will expect the worst and trade safe.

andreacgabrieliNov 09, 22 5:05 PM

I will expect the worse! I will be safe!

ericoakwayNov 09, 22 6:29 PM

I will expect the worse! I will be safe.

cfetsisNov 09, 22 7:32 PM

I WILL STAY SAFE. Great lesson Tim!

rtanderson23Nov 09, 22 8:54 PM

I will expect the worst, I will be safe. I will not take big risks to get wealthy.

macddadaNov 09, 22 9:22 PM

I will Stay Safe

MAOTRADESNov 09, 22 9:32 PM

I will expect the worst and trade safe. Thanks Tim!!

DarbsNov 10, 22 12:52 AM

I will not take big risks to get wealthy. Thanks Tim!!!!!!!

CovaEspa1Nov 10, 22 3:49 AM

I will stay safe. Thanks Tim

sdreasher61Nov 10, 22 6:52 AM

I will stay safe. Cheers ..

ShadetreeTradingNov 10, 22 9:45 AM

expect the worse

antoineflores79Nov 10, 22 10:38 AM

I will expect the worst, I will be safe and I won't take big risks to get wealthy. Thanks Tim!!

Rhin0Nov 10, 22 11:31 AM

I will expect the worst, I will be safe

LeeHuntNov 10, 22 11:35 AM

I will xpect te worst,I will be safe!I will not take big risks to get wealthy!

MoonShotNov 10, 22 11:56 AM

Thanks Tim.

26R_COLENov 10, 22 12:23 PM

Thank you for the video lesson Tim. I will expect the worst. I will be safe. I will not take big risks to get wealthy. Focus on building your own process

Sarnaud1205Nov 10, 22 2:13 PM

expect the worse. Thanks for all you do Tim!

HedgehawgNov 10, 22 4:25 PM

i will learn the system and i will be safe. thank you tim!

AnotherTraderNamedTimNov 10, 22 8:49 PM

I WILL EXPECT THE WORST. I WILL BE SAFE.

AnotherTraderNamedTimNov 10, 22 9:26 PM

I WILL NOT TAKE BIG RISKS TO GET WEALTHY.

kFox49Nov 10, 22 11:16 PM

People like to bet on sports. Draft King for example. Sports teams jumped on the NFT wagon. Reminds me of a sand castle being washed away.

User_1610Nov 11, 22 12:33 AM

Watching And Analyzing!

Tusya1Nov 11, 22 9:40 AM

Thank you.

poniboy1Nov 11, 22 12:53 PM

I will expect the worst and I will be safe. Trading scared has help me not lose my ass!! Small gains add up

badking740Nov 12, 22 6:54 AM

lets get it I will be safe and play smart ,follow the rules and always always cut losses quickly lets go !!!!!!

RobertRiggsNov 12, 22 8:42 AM

Respect price action. Nothing has to bounce. I will not take big risk to get wealthy. Thanks for the lesson Tim.

thecreditmaniacNov 12, 22 3:42 PM

Thanks Coach.

DDTNov 13, 22 9:40 AM

Thanks Tim

HIMMENYNov 13, 22 1:07 PM

I will expect the worst as i always do, and i will stay as safe as possible, trade scared so trading isnt so scary..

HIMMENYNov 13, 22 2:00 PM

i will not take big risks to get wealthy

amandasNov 14, 22 10:31 PM

Thx Tim. I will expect the worst and trade safe.

Chris6488Nov 15, 22 2:17 PM

I will stay safe and expect the worst, thanks Tim.

aaronmizellamNov 15, 22 5:49 PM

I will Not Take Big Risks to Get Wealthy!! I will Expect the Worst I Will Be Safe!!! Study the Market History! Don't Take Unnecessary Risks! Cockiness Kills!! Thanks Tim!