I've just realized that there is only one big thing I need to do to be come a successful trader - wanted to share it with anyone else who has a BeginnersMind.

My realization is based on many many hours of video lessons from Master @timothysykes as well as from a couple of his students (especially Master @dux and Master @kroyrunner, so far).

The only one big thing I need to do is the following 500 small things:

#	Tim Psychs
1	I grow my account exponentially so I trade stocks that move exponentially
2	I know that any one trade can blow up my account
3	I play a ticker only after deciding that the max I can loose is a small amount
4	I never play a ticker based on the most I might be able to win
5	I am disciplined and use only a small amount of my account on any one trade, so even a total loss on the trade can not possibly be catastrophic
6	I play safely with small positions at first to help surface my bad habits / practices / assumptions
7	I am self aware and recognize my own bad habits so I can identify an correct or avoid them
8	I do not trade if I am frustrated after a loss
9	I can predict the future fairly well if the past is currently repeating itself (and if I have studied the past)
10	I know that penny stocks (or any stock) do not just keep going up for ever (unless I short, then it might)
11	I know that the whole point of trading is to make money
12	I am never tempted to shoot for the moon and win big
13	I execute RULE #1 and escape from a loss quickly whenever I am not making money on a trade
14	I quickly escape from a loss - no exceptions
15	I am 110% focused on absolutely not loosing the money I have worked hard for
16	I can easily get back in whenever I escape from a loss
17	I can easily grow my account by risking only a small part of it at any point in time, over and over and over
18	I get good at winning trades over and over and over
19	I focus on capturing profits quickly before they dissapear or turn into losses
20	I am aware of all 7 steps of Tim's SuperNova Framework
21	I ignore the #1 Early Pre Pump stage
22	I ignore the #2 RunUp Ramp Stage, mostly
23	I long the #2 RunUp Ramp if big volume comes in AND a key level is broken
24	I long the #3 SuperNova Spike Stage right after a breakout over a key level or long-time high
25	I know that If I am long on a #3 SuperNova Spike Stage, I might not be able to get out once it starts #4 Cliff-Dive Panic Stage
26	I take profits quickly on the #3 SuperNova Spike Stage - To pre-empt falling off the #4 Cliff-Dive Panic Stage
27	I short #4 Cliff-Dive Panic Stage but only after strong confimation of weakness
28	It its easier to predict a stock that is currently spiking than it is to predict when a stock might spike (if ever)
29	I do not short #4 CliffDive Panic until I have over 500 winning trades or until my account has grown to $100K
30	I do not short anything that is close to the $1 mark (especially sub $1), in case it SuperNovas to $25
31	I long the #5 Panic Dip Buy and take profits quickly to pre-empt #6 Dead Pump Bounce
32	I make sure there is no negative news before going long on #5 Dip Buy Panic
33	I am aware that the bigger the #4 Cliff Dive Panic is, the bigger the bounce is on #5 Dip Buy Panic
34	I short #6 Dead Pump Bounce and cover soon to prempt another spike
35	I might hold my short on #6 Dead Pump Bounce for the #7 long kiss good night, only if I am ready to take losses quickly in case it spikes again
36	I ignore #7 Long kiss godnight
37	I PREPARE with multiple indicators to score a ticker before taking a position: https://profit.ly/sss
38	I master going long on #5 Dip Buy Panic
39	I master going long on #3 SuperNova Spike
40	I do not size in premarket on #3 SuperNova Spike - since an offering, press (etc) can turn the spike into a panic
41	I pick one pattern in the framework I want to practice
42	I have masterd a pattern once I have 65% win rate with at least a 3:1 risk/reward ratio
43	I am prepared for each trade
44	I prepare the night before to discover and select tickers where my pattern may trigger
45	I only select tickers with a large Reward / Risk setup
46	I create an interim plan for each ticker I select (entry, exit, stop)
47	I adapt and react to the ticker once the market opens, and revise my plan in real time
48	I understand how to use level II in realtime to adjust my entry, exit and stop in order to get filled and capture profits / cut losses
49	I look for price movements like a hot knife cutting through warm butter
50	I exit quickly if the price fails to move - whether it is a small loss or win
51	I exit quickly if the pattern I want fails to form and take smaller profit than planned
52	I exit once my target is reached
53	I learn from multiple mentors especially: Tim Sykes, Michael Goode, Tim Grittani, Mark Croock, Steven Dux, Roland Wolf
54	I direct questions to Tim Sykes, Mark Croock, and Michael Goode
55	I know the chatroom rules and lingo: http://tim.ly/newchatrules
56	I join the live webinars: https://profit.ly/content/TimChallenge/links
57	I study the past webinars: https://profit.ly/content/TimChallenge/webinar
58	I stay aware of NASDAQ trading halts: http://www.nasdaqtrader.com/trader.aspx?id=TradeHalts
59	I research SEC filings for penny stocks: http://otcmarkets.com/
60	I shoot to just get on base and I don’t try to hit home runs
61	I realize that the basics of trading and advanced trading is the same - advanced trading is just taking a bigger position
62	I improve myself and learn about the thinking behind trading so I can learn how to create my own trading plan
63	I know that it is my own trading plan that is going to make me wealthy
64	I learn from multiple masters
65	I do not become enslaved by the stock market, make the stock market work for me
66	I am not imprisoned by money
67	I shoot for $1K-$2K per trade
68	I win more often than I loose
69	my wins are bigger than my losses
70	I focus on getting knowledge first - big money only comes after a lot of knowledge
71	I focus on practicing and learning how to trade
72	I will take bigger positions later - and that’s where real $$ will be made
73	I first establish good habits, it will be more valuable than good money!
74	I study the past to speed up learning curve
75	I predict what the stock should do and then I check if my prediction was right
76	I know that loosing is often due to lack of study, lack of preparation, lack of planning and hoping or assuming based on judgement
77	I know that 3 out of 4 stocks follow the market
78	I buy low float stocks with good news as they are going up, since they can keep going up
79	I do not buy the dip on low float stocks with bad news expecting it to bounce
80	I take a position in a stock that has a break out based on a catalyst (earnings, contract, big investor)
81	I look for breakout event after the initial spike high of an Earnings winner - can have follow up spikes on day 2 or day 3
82	I know that positive news (like a big Investor - requires SEC filing) can also spike like an earnings winner
83	I know that it's not enough to buy a stock just based on a chart break out
84	I know that chart breakouts with no positive/negative news might be a fakeout
85	I play a stock based on multiple technical indicators + combined with news about a fundamental indicator
86	I know that all penny stocks typically have bad fundamentals
87	I pick a good setup by combining fundamentals (profits and revenues) along with technical chart patterns
88	I ignore the advanced technical indicators (beyond support, resistance VWAP and trendiness)
89	I watch every single trade I play until I exit
90	I trade only 1, maybe 2 stocks at once
91	I gravitate towards stocks that have a 1 penny spread - easier to get in/out and I loose only a penny if I have to close my position
92	I am aware stocks can spike up after tax loss selling: investors sell their losses at end of quarter/year to claim on taxes
93	I use mental stop losses when going long on a penny stock, automated stop losses might not get filled so they can be dangerous to use
94	I know its ok to use automatic stop losses when shorting
95	I look at buying into a stock that closes strong - in anticipation of a gap up
96	I avoid stocks with price imbalances or that might be halted (some supernovas may get halted many times)
97	I play it safe on when going long on100% winners, as they may get halted and crash
98	I am aware that it is hard to control/manage risk on a stock that gets halted - its difficult to cut losses
99	I know that up/down trending stocks are hard to take profit on - I stay away scalping
100	I look for big moves: so even bad entry / exit can still result in a profit
101	I trade sectors that have a chance of going up 10% - 20% (technology, medical, emerging markets)
102	I go long on 1st Green Day (after a while)
103	I know that a 1st Green Day has good chance of going higher on day 2
104	I short on 1st Red Day
105	I short after waiting for sideways price action to fade
106	I find out if a stock is being promoted when I receive a good tip on it
107	I know that low float stocks can really move fast
108	I avoid shorting L/F stocks - L/F stocks are much better for going long on
109	I know that the power hours for a trading day are: 9:30-10:30am & 3-4pm
110	I may play a stock in the afternoon: since news is out, and most of the moves have happened during the day
111	I have a goal to catch some of the move at the end of day when holding overnight
112	I may take off 1/2 of my position before market close if my plan went well
113	I know that 3 out of 4 stocks follow the market, so it can be risky holding over night, especially if goals have been met
114	I get out to cut losses when I am long on a stock that goes from green to red
115	I know that cash is also a position
116	I only take 1-2 positions at a time, otherwise I stay mostly in cash
117	I think like a retired trader
118	I strike only when there is such a good trade, that I'd feel guilty to miss it
119	I don’t get addicted to trading
120	I know that its a very slippery slope when a stock is fading against me
121	I cut losses quickly
122	I am aware that any one trade can mess with my mind / hurt my confidence or carve out my capital
123	I am never in a position to take a massive loss, small losses are fine
124	I never go all in
125	I protect against the consequences of being wrong
126	I know that there is no need to be aggressive - one trade won't make much of a difference
127	I know that I can be wrong on any trade
128	I know that patience pays and that overtrading results in losses
129	I learn what a great setup is and have patience to wait for them
130	I have to make a lot of good trades to get to $1M
131	I know that at first most of my trades will harm my account, so I trade to not loose much while I learn what my favorite pattern is
132	I know only some of the hot penny stocks are predictable, so I wait for the BEST setup to have THE MOST success
133	I know that if I do not trade I will be make more money than 90% of traders - $0 :)
134	I only dip buy morning panics when a stock has been on the rise for many days/weeks
135	I do not dip buy morning panics on spikes that have only been up for only 1 day
136	I do not dip buy a company’s stock when their price is dropping due to an FBI raid (or terrible news) as there won't be favorable bounce afterwards
137	I trade peeny stocks since it is easier take advantage of market inefficiencies
138	I do not try to pick the next Microsoft and go long on it
139	I know that news takes time to propagate, so there is time to get in
140	I know that signing a big deal may spike on day 1, but even more on day 2 or 3!
141	I don’t have to guess the news ahead of time - I wait for news to come out, then take a position
142	I capture a chunk of the volatility (no need to take the whole move)
143	I know that hope Is not a strategy and I can not predict the next big thing - especially in penny stocks
144	I go in with a strategy
145	I am meticulous in planning
146	I do not try to capture lighting in a bottle
147	I take high-odd setups again and again
148	I know my account will grow even as I take losses
149	I go for singles with the best setup
150	I know that setups that offer 100% - 200% are traps
151	I know that the odds of hitting a 100% setup is very low
152	I know that the odds of hitting a 10-20% setup is pretty good
153	I know that in order to position myself to be a millionaire, I can study the past
154	I know that profits are made IN the stock market, but they are enabled by STUDYING the stock market
155	I will execute when the time is right
156	I am aware that if I don’t know the reason why a stock is up, I can not judge it
157	I know that in order to play a ticker, I need a pattern and a catalyst
158	I practice so I can get close to perfect
159	I know that it is toughto become a millionaire but not impossible
160	I care when a company's stock is in play - I dont really care what a company becomes
161	I focus on the price action, because that is the story that matters, not the news
162	I am aware that breakouts can happen with no news
163	I am aware that takeouts can happen even with news
164	I do not throw my money into a stock that does not prove itself
165	I cut losses quickly
166	I aim for smaller gains than I want
167	I maintain a conservative approach
168	I stay on my toes
169	I stay conservative and aim small
170	I know that penny stocks are volatile enough to provide the necessary reward
171	I do not regret if stock runs more, or even much more, after I exit
172	I use every stock for profits (doesn’t matter how much the profit is)
173	I don’t try to capture the whole run
174	I do not want to overstay on volatile stocks
175	I want to take profits quickly
176	I am aware that penny stock companies are junk - they will crash back sooner than I expect
177	I am extra careful on every trade
178	I do not chase
179	I buy breakouts at key levels
180	I play safely
181	I do not dip buy until the stock has already started its bounce
182	I want a even a spiking stock to still prove itself
183	I set 2 targets: conservative and aggressive
184	I am not going to dip buy if there is bad news
185	I dip buy as long as there is no bad news (drop is purely due to panic selling or stop losses getting taken out)
186	I do not refuse to cut losses when I know that I should
187	if I buy the dip, I want the stock to bounce up quickly - if the dip does not materialize, I get out quickly before it cliff dives again
188	I am aware that stop losses are computer generated sales
189	I am aware that stop losses help crash a price faster
190	I am aware that when stops cross a key level, then stop losses turn into automatic sell orders
191	I am aware that most longs are not watching their stock every minute/every second, so they place stop losses, to guard against price drops.
192	I am aware that Its a mistake to not be around to watch my position
193	I know that most problems are due to laziness
194	I look for a crash to happen every single morning when a stock is pumped
195	I don’t just dip buy any stock
196	I go long on massive runners that go for several days / weeks
197	I know that when a strong stock crashes too quickly, it becomes a GREAT dip buy
198	I know that dip buys are a good setup because those who missed the spike are looking to get in for cheap
199	I know that dip buys are a good setup becausee shorts who caught the top will now buy to cover their shorts
200	I know that the sharper the dip off of the high, the bigger the potential bounce
201	I simply exit for small gain or loss if a bounce does not materialize
202	I am aware that the earlier it is in the morning, the more reliable the bounce
203	I look for 20 - 30 - 40 event 50-60% drops within a few mins AND NO NEGATIVE NEWS when buying the dip
204	I focus on #5 dip buys Panics as a first pattern to master
205	I wait to get some experience before shorting a #4 Cliff Dive Panic
206	I know that #7 long kiss good night are good (very) for longer term short selling
207	I witness as many pumps as I can
208	I wait for the right pattern to appear before playing
209	I look for signs of each pattern from the 7-step framework
210	I watch the 5,500+ video lesson library
211	I know that the more I study the better prepared I will be
212	I do not have to trade every step of the framework
213	I can make millions by just going long on #3 and #5
214	I can make millions by just shorting #4 and #6
215	I wait for sideways price action and look to short towards to the close of the day (make sure to avoid mid day spikes that may trigger a morning spike)
216	I do not short companies w/ good fundamentals, FDA approval, reduced debt or other positive news
217	I know that strong fundamentals can have more meaning than any chart pattern for price action
218	I don’t try to short sell at the top of a spike since there is a risk I am getting into a pull back right before the stock spikes higher
219	I short into strong resistance
220	I short as support is failing
221	I look for massive volume conviction when buying a breakout
222	I know that positive news can have more meaning than any chart pattern for price action
223	I never try to buy the dip on negative news
224	I buy at the open of the day ( #3 SuperNova Spike or #5 Dip Buy Panic)
225	I buy into a big order (If I see a big order getting chipped away, I hop on the ride with it)
226	I don’t not need to master everything all the time
227	I skip #1, #2 and #7 at first
228	I adapt and adjust to changing markets
229	I focus on patterns that work for me
230	I reject patterns that don’t work for me
231	I try new patterns but accept what I am best at
232	I maximize the patterns I am best at
233	I put myself in a position to win
234	I study the past
235	I make daily watchlists
236	I don’t give up
237	I have the right mindset to become a millionaire student
238	I getting ready for battle when playing the stock market
239	I will be a self-sufficient trader
240	I have a strong work ethic, determination and flexibility
241	I am prepared for every play every day
242	I study, learn, adapt, optimize, refine, repeat
243	I can quit my day job once I avg $5K/week profit for 10 weeks
244	I end the week green, even if its up only a penny
245	I use Level II to detect where big walls of buyers and big wall of sellers are
246	I know that large orders in Level II are not easy to take out and contribute to key levels of support / resistance
247	I get out whenever I see a big order in Level II that blocks the price from moving in my direction (even if it is being manipulated)
248	I want to be the last one in to take out the final seller and trigger a breakout
249	I Look for Biggest % gainers
250	I look for stocks that spike 20%, 30%, 50% 100% or even 1000%, ideally on good news
251	I let the market tell me what are the hottest plays every single day
252	I know that good news sometimes takes a few days to propagate
253	I wait for a stock to prove to me that it is in play
254	I do not try to predict or assume where the price will end up
255	I don’t care about stocks that are not moving
256	I move on stocks that are moving
257	I focus on the most volatile stocks
258	the stocks that I play come to me
259	I am forced to come out of retirement and play the biggest gainers once they prove themselves
260	I simplify the challenge to a game of pattern recognition by focussing on stocks that the market shows me are in play
261	I know tht most fin sites do not show penny stock gainers
262	I never look for new news first
263	I look for big % gainers, and then look for the catalyst
264	I don’t try to catch falling knives
265	I am aware that some crashes have multiple bottoms
266	I play clean charts, I stay away from messy charts
267	I am afraid of loosing my money on every trade
268	I keep hitting singles and foul balls without striking out
269	I use Level II for buying breakouts
270	I avoid playing illiquid stocks
271	I do not play stocks with large spread
272	I Buy a Breakout at whole dollar amounts
273	When Buying a Breakout I keep an eye on the ASK and want to see it crumble
274	When Buying a Breakout I know the number of shares sold at say $5 might be much larger than what is shown on the Level II ask
275	When Buying a Breakout I want to see a lot of support come in at 4.95, 4.96 as the ask at $5 gets chiped away
276	When Buying a Breakout I want to see a lot of big buyers on the bid pressuring the ask
277	When Buying a Breakout I shoot to be the last one in to take out the final seller and trigger the breakout (get the lowest price)
278	When Buying a Breakout I look for nice clean breakouts with room to move without resistance
279	When Buying a Breakout I get into a breakout that requires a lot of negotiations
280	When Buying a Breakout I don’t buy breakouts that are surrounded with some sort of doubt
281	When Buying a Breakout I know that stubborn, doubtful price movement is not worth the risk
282	I look for bouncing momentum to flatten out when shorting breakdowns
283	I look for stop losses to come in and panic selling to take over when shorting breakdowns
284	I short towards the close of the day as the volume wades and look for morning panic
285	I know that a key level weakens after repeated attempts to break through
286	I know that cracking can lead to a quick spike - Even if a breakout ultimately fails
287	I know that spikes usually happen between 9:30-10:30am and 3-4pm
288	I wait for breakouts over sideways Price Action
289	I know that a breakout will Ideally breaks out convincingly and there is some news
290	I know that Earnings winner can spike stock
291	I know that New big investor can spike stock
292	I know that New Product launch can spike stock
293	I know that Hot sector (BitCoin) can spike stock
294	I know that a technical breakout patterb can spikes stock
295	I Identify initial news based spike, then watch for breakout
296	I know that a catalyst behind the breakout gives it legs
297	I focus on volatile stock that goes supernova
298	I look to short sell a supernova on 1st red day
299	I look to dip buy supernova off of a panic if/when they hold past support
300	I look to dip buy a crash from a morning panic
301	I know that the 1st crash may take out the stop losses
302	I dip buy a recently strong stock, ideally on a morning panic (aftre stop losses have been taken out)
303	I might not know exactly when but I do know that a pump and dump stock will eventually collapse since a promotion can not go on for ever
304	I see when a runner is unsustainable (I might even miss the run up)
305	I know that after a leading stock spikes, sympathy plays also spike
306	I Short the 1st red day (see no borrow no cry)
307	I know that a morning panic usually last an hour or 2 and then can dip buy it
308	I look for morning panic after big multi-day spikes - I look for maximum pain levels, dip buy at those levels.
309	I am awar that time frames differ for these pumps
310	I know that some of the promotions even state something like that “this is a promotion for 2 weeks”
311	I have a gimme pattern that I amost always profit from
312	I look for a convincing break out over resistance with high volume and with news
313	I look for friday trades to hold over the weekend (I get used to doing this every week)
314	I know that biggest % losers are irrelevant for penny stocks
315	I avoid Low liquidity: < 100K shares per day: may be hard to fill orders
316	I avoid high liquidity: often too choppy
317	I am aware that the volume sweet spot is between 0.5M and 5M shares per day
318	I play a ticker when I see news AND a reaction to the news
319	I stop trading a stock just because I have a feeling about it
320	I learn how a stock is affected by Public Float
321	I learn how a stock is affected by Offerings / Financing
322	I learn how a stock is affected by SEC Filings on OTCMarkets.com
323	I learn how a stock is affected by Press Releases
324	I learn how a stock is affected by Facts vs Rumors
325	I look for big % gain, then find the catalyst for the gain
326	I know that a catalyst could be an Earnings winner
327	I know that a catalyst could be a Contract Winner
328	I know that a catalyst could be a Big new Investor
329	I know that a catalyst could be a Partnership ( avoid while learning)
330	I know that a catalyst could be an Acquisition (avoid while learning)
331	I know that when a penny stock acquires a private company: could be good to trade and reason for big % gainer
332	I know that when a penny stock gets acquired: might be hard to trade(there are many reasons why they would get acquired)
333	I know that a catalyst could be a Reverse Merger ( avoid while learning)
334	I know that an IPO is a catalyst
335	I know that a stock can have follow on spikes after the initial spike - could go up for a couple days or even many weeks
336	I ignore stocks that do not move or have no catalyst
337	I let the stock tell me how its moving, not my understanding of news/event or my assumptions/prediction
338	I keep an eye out for positive response to earnings (earnings winners)
339	I keep an eye out for positive response to contracts or presss
340	I keep an eye out for hot sector news
341	I do not show my position: like a sniper
342	I am confident about buying a stock because of a reason for the catalyst
343	I do not sink too much capital or time waiting for a stock to move
344	I sit and I wait until I have the right shot
345	I can always afford to miss a trade
346	I can not afford to over trade, break the rules, and not cut my losses
347	I ideally buy 3K shares at $2 and sell at $2.50 to make $1500
348	I ideally buy stock that is trading at a volume of 200K - 2M shares a day so I can buy a few thousand shares without affecting the price
349	I Ideally buy a few thousand shares and make 50cents - $1 as it spikes
350	I Ideally capture a few thousand dollars in a few hours or days
351	I buy earnings winner, especially if they break key resistance.
352	I know that earnings winners can be good to hold - they may run for days/ even weeks
353	I buy breakouts over day highs, ideally still early in the morning, without chasing
354	I buy anytime after earnings/contract/press winners if support is held & volume doesn't fizzle (good news can run for 3 days)
355	I know that Earnings winners tend to have legs for days / weeks
356	I know that Most Contracts/press winners are a spike and done - with no legs that fade - don’t get caught later on.
357	I never buy on news alone - I always wait for BIG trading volume
358	I lock in sizable profits - I don’t get greedy and end upo loosing significant profits
359	I buy a breakout above day high If I go long mid-day
360	I do not buy break outs in the middle of the day - they are usually fake outs
361	I buy on breaking news, ideally after a little spike in price or volume
362	I judge if news has legs and if traders will be sharing it
363	I do not dip buy on hot sector news plays - since the dip might really fail if news does not have legs: news should be hitting and spreading
364	I remember that every hot sect cools off - they may go big, they also drop big
365	I do buy breakouts in the morning or near the end of the day
366	I don’t short hot sectors since hot sectors can go higher and longer than I think
367	I prepare for the next day each evening
368	I Focus on big percent gainers each evening
369	I Research these tickers (float, catalyst, etc) each evening
370	I Create Trade Plan (entry, exits, risk level, etc) each evening
371	I review daily trades
372	I REVIEW TIM’s WATCHLIST - float, news, PRs, res/sup levels, 5D chart, 1Y chart, 3Y chart, etc
373	I Create trade plan based on own research (entry, exits, etc)
374	I Focus on big percent gainers
375	I Prepare for Next day at the End of every Day
376	I find the tickers that had the biggest gainers
377	I keep only the breakouts (over key level or new highs) or 1st GreenDay with massive volume
378	I Discover the catalyst for each ticker I keep
379	I Categorize into potential morning panics, morning spikes, or multi-day runners
380	I Draw closest Support an Resistance
381	I Highlight zones of where I think the stock may go up, or may go down
382	I may take small positions into morning spikes (keeping an eye out for offerings)
383	I put up charts for spikes and panics and get ready to react to one!
384	I am on before market open
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