Itâs Destroying Your Trading! Stop Hating Yourself. I started trading in my senior year of high school. And by the time I was 21, I was able to call myself a millionaire. Two decades later and many millions more in the bank, Iâve learned one thing. Your Mindset Is Everything You see, I make mistakes all the time in my trading. 20+ years in the game, and Iâm nowhere near perfect. But unlike most newbie traders, I DONâT: - Beat myself up if Iâm wrong on a trade or donât âmake enough money.â
- Play the woulda ⦠coulda ⦠shoulda game.
- Obsess about my profits and losses.
- Compare myself to traders.
- Blindly follow others. Take for example Clubhouse Media Group Inc (OTC: CMGR) from the other day⦠There was [breaking news]( early in the morning that the company struck a partnership with football star Rob Gronkowski. Of course, it was probably a âpumpâ but bullish nonetheless ⦠and I wanted to get in long. And thatâs exactly what I did. I took it for a quick scalp. And made a fast [$594]( on a small $1980 initial buy-in. Of course, the stock ripped more than 5X from my first buy. Was I pissed I missed the bigger move? No. Hereâs why⦠Iâve already accepted the fact that Iâm not a perfect trader. With that mindset, Iâm able to look at a trade (win or lose) and study it without any bias. So instead of saying I wish I held it longer⦠Iâm asking myself questions like: - Was it possible for me to keep the trade on for longer?
- Was there something in the price action that showed me it could be a BIG runner?
- What can I learn from this trade that I can take to the next?
- Is this a hot sector play or an individual catalyst?
- Will this open the door for other potential runners or is this a one-off? I was almost out the door, getting ready to hop on the flight to Vegas when I caught this trade. So I wasnât expecting to do much that day. But I saw an opportunity and took it. Second, we havenât seen a lot of momentum OTC stocks remain strong throughout the session. As you can see from the chart above, CMGR went up several hundred percentage points higher⦠â¦typically we see sharp moves up followed by fast sell-offs. So this was the first time in a while that weâve seen massive runners remain strong. Even after 20+ years, Iâm taking down notes, recording videos explaining my process, and trying to learn to get better for the next trade. While so many other traders will be cursing themselves out because they missed a MONSTER TRADE⦠Iâm actually happy. Because as a trader, the only thing we can ask for is opportunities. By studying and doing homework, you put yourself in a better position to take advantage of these plays. Donât stress what your profits and losses are ⦠because that doesnât matter in the beginning. What matters is developing a winning process, and building up confidence. So when you see a similar play next time ⦠youâre all over it. Stop beating yourself up about your trading. And start being grateful for the opportunity you have. I have helped 25 traders become millionaires. But well before they ever got there, they had the right mindset down. [Iâm so happy to be in Vegas this week, training my next group of millionaire students.]( [Click here to continue reading]( Stay hungry and humble! Tim P.S. [Thanks to this tool]( ⦠Iâve been finding some epic trades lately. Honestly, if youâre not using it, I donât know what youâre doing. Sponsored [Sykes: âPrepare for takeoff on Monday at 9:30amâ]( If I were you, I would prepare myself for Monday at 9:30am. Whatâs taking off? [Click here now to see this before itâs too late.]( Sponsored [Accelerate your learning curve with THISâ¦]( If youâre just getting started⦠Have a small account⦠Or just want to accelerate your learning curve faster than you could ever do on your own. [Click here to check out this interview with Tim Sykes!]( He reveals something you wonât want to miss⦠[Click to watch.]( [Image] 66 West Flagler Street STE 900 Miami, Florida 33130 United States [.]( [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Unsubscribe Tim Sykes Daily]( | [Unsubscribe From All]( *Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. [See Terms of Service here.]( This is for information purposes only as Millionaire Media, LLC is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. We are not a licensed investment professional, and we do not give investment advice. Always consult a licensed investment professional when seeking investment advice. Millionaire Media, LLC cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media, LLC in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media, LLC accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.