These are some of my top trading rules that have made my top students & I multi-millionaires, see 20 lessons from my top student making $2 million in less than 4 years!
Posted Aug 12, 14 1:44 PMbytimothysykes
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TimChallenge, TimAlerts, Pennystocking Silver, Millionaire Masters Program, Pattern Pro
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Basics, Classic Lessons, Trading Mistakes
Great mid-day video. Its a good reminder not to force trades if it doesn't have the pattern. I just made this mistake on 3 trades today. Yesterday I should of taken a $120 ($1.20/Share) win, instead I got greedy and ended loosing $60. Thanks Tim for this reminder.
Thank you, Very helpful video.
Tim, Awesome lessons as always..Since being accepted into you challenge I have learned so much and continue to lean seeing I knew nothing about the stock market.Your work ethic and patience for all your students are incredible. I'm so very thankful That you accepted me into your challenge..I thank you for your mentor ship
also people might say, Tim is preaching everytime the same things, it gives me the confidence that trading is no rocket science, you just need to practice and stick to the rules. thats it. thanks a lot Tim. Regards from Switzerland, Christian
Back to basics. Thanks Tim. Needed this right now. I'm 1 month in and have had a good amount of success. Signed up with you a few weeks ago and am beginning to find my rhythm.
I just started trading today, I might of lost but with the chat room and this video I feel like he's talking to me lol. Might be a lost in monetary terms, but a win in knowledge.
These day trading rules are going to be committed to my brain. Sometimes, it is very easy to let other rules from my stockbroking days sort cloud out this format. For instance, today I broke one tiny little itty bitty rule and now it's payback bag holding time LOL only z rule was not that tiny now! Ah, live and learn. When anyone meets a perfect person-let us know-we'd like to meet them ; ) Grazie maestro-ha una splendida volta in Italia!
Practice makes perfect!!!! PRICELESS
Nice
Volatility & Volume! Having both ingredients in a play make a good opportunity to profit. Don't force trades if one of the ingredients is not there.
From Millionaire Mary...I have listened to 40 or 50 hours of your videos...but this one was just what I needed to hear today. I guess it is true..."When the student is ready the teacher will appear." Thank you Tim for your honesty and insights!
I needed this video today. I've been watching DVDs and lessons and was feeling defeated. This totally just gave me the extra push I needed. Thanks Tim
Rinse & Repeat is the hardest rule to master.
Great video. This is very true. Hope to get the patterns down better very soon.
Rules to live & profit by.....for sure.
Thanks Tim. Once again I've gained even more insight. Turning something that is already complex and making it easy for us rocks to understand!
Great rules Tim, thanks for the summary !
Thanks, I am in this for the long haul.
thx Tim
These same lessons are mentioned again and again and again in various vids and DVDs and comments! I'll never tire of hearing them! Cheers tim
Great bullet points Timothy. Thank you. Enjoy Italy Ciao ciao
15-20% is no gimme during summer trading!
love this video... i wanna be in the game 4,5,6 years plus!
No rush......enjoying the journey!
great advices
just trying to keep the patterns on top of my head like how tim sykes taught me
454a here and this reminder is great
Just signed up for Penny-stocking Silver Subscription. Very happy I made this choice. Awesome video and great tip, very true, I need to make this a habit and not get too emotional involved.
the best lesson
Great Video, Thanks Tim
Thanks Tim.
yes. I did a screen capture and it's now my laptop wallpaper.... Thank you so much Tim for all your lessons.
Thanks for this reminder!
`Thanks
Thank you Tim. I will try to study hard!
nice
nice
im One day old in this stuff, Perfect wisdom, its time to utilize it , thx Tim
I'm learning to not "chase" stocks, e.g. if I made a little bit on a trade, then try to buy again even though it's not a clear breakout, to wait and re-assess.
The BEST!
watched!
Stick to volatility, stick to good r/r patterns, Cut losses quickly, take .50-1.00 profits Rinse and Repeat (sun) Very good Lessons to Learn =)
nice refresher
Very good, concise vid.
Watched
10-20% on a stock a okay, just make your winners bigger than your looser, you cut your losses quickly! thats it!
Nice little reminder Tim!
Swell Info
great
thank you Tim
This helps to more clearly define the rules. I've had to revised my list, its a little expanded to include sticking to the plan, not chasing, staying disciplined and something roland said in an interview with steven Johnson and tim bohen that he got from trading tickers about understanding Long's and Short's psychology
watched and learning.
Thanks Tim
Thanks, great rules.
none
+
Thanks Tim
Thanks Tim
Awesome! Thanks Tim!
Video watched. Muchas Gracias.
Thanks Tim!
Thanks Tim
Thank you.
expect to be here for years.
Success takes time prepare for the long run
I aim for big gains only. I trade volatile stocks only. Not volatile enough ignore it. I take the meat of the move. I focus on clear cut patterns not choppy stocks.
I like perfect breakouts over past 3 month 6 months 1 year 2 year 5 year. I cut losses quickly when im wrong. I take 0.50 to $1 in profits on a 2 3 4 $5 stock. 10 to 20% I take the meat of the move and move on
As im growing my account I try to get in the rhythm. My gains bigger than my losses. Volatile stocks clear cut patterns cutting losses quickly take 0.50 $1 a share 10 20%
Theres no rush. I get on the right path. I understand how $100 $200 can add up. I bet bigger as my account grows. I aim for 60% win rate 70% great. Sometimes I screw up. Sometimes I hit home runs. Im practicing. Im here for years.
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