THE RISE AND FALL OF WORTY316

 

 

 

       I have traded on and off sense 2009. I started with options, small account, big bang for your buck.. OPTIONS! Did great. Did bad. Still came out ahead in the end. Found Mr. tim sykes in 2010. Followed his chatroom for a few months and joined his 5000$ millionaire challenge program. LOVED IT! Best time I had trading. I bought pump and dumps,,,, long moor than I ever shorted them. But between him and Mr. Michael Goode I found a happy medium.

 

 

 

       In the end I and still today 2015 I consider myself a successful failure of the tim sykes challenge program. “wait u were successful and failed ?” hell yes. School of hard nocks. I did great work turning 2k into 15k. Lost my ass then 1000 into 10k. Long story short I stopped listening to the RULES after making so much monies in such a small amount of time,,, I THOUGHT I WAS GOD AND DINT NEED TO FOLLOW THE RULES OR THE CHART PATTERNS! Worst best lesson iv ever learned. It took a few years but CUTTING LOSSES QUICKLY is a lesson it took me time and time and year and year again to learn. Its now 2015. I cut losses under 10%, 80% of the time and 50% of the time I cut lossses under 5% “so far”. !!THE REASON I LOST MY ASS TRADING WITH TIM SKYKES WAS NOT ONLY BECOUSE I DID NOT FOLLOW THE RULES BUTE BECOUSE I DID NOT FOLLOW HIS NUMBER 1 FUCKING RULE. Cut losses quickly. U can be the worst trader. But if u cut losses under 10% every time u should always come out ahead. At one point I was one of tims favorite challenge students. -----http://www.timothysykes.com/2012/05/how-to-truly-celebrate-memorial-day-enjoy-our-freedom-also-links-to-my-30-best-video-lessons/---- im the guy in the tiedie/army

 

 

 

        How did I go from being amazing to a pile of shit u ask? Not following 80% of tims rules. At this point I told myself im going to take a 99% break away from trading stocks. I have dicked around with my options strategy I learned back in 2009 from 2012-2015 current. I Told myself im going back to work until my body hurts so bad,,, till I hate life so bad,,, till death seams better than living,, ONLY THEN WILL I COME BACK TO TRADING,, only then will I listen to what I have been tought. I am here now. I threw out my back and was on workmans comp this spring 2015. Spent a month stuck in my bed... nothing to do. Lets go threw all my tim sykes dvds. Killed allot of time. The sec filings sent me to sleep. “pain meds?” lol. I have decided I did not want to short penny’s any moor. So I sought out and have learned 3 other stock gurus styles of trading, SWING trading, DAY trading, SCALPING.

 

 

 

        Here I am. Mid summer 2015. about to go into full day trade mode. “I AM STILL A HORABLE TRADER” but I have cut losses in such a way I consider every loss to be almost a win “compared to 2010-2012” I have trades with 50%+ gains and losses most under 10%. I finally feel I am ready to go full steam ahead. And may still get a tim sykes chatroom subscription just for old time sakes.

 

        It takes allot to admit you were wrong. It takes humility to admit you were a failure. Only threw this will your rise as a trader.