I'm here with Tim Bohen on the SteadyTrade podcast talking about our recent New York trip … We got to ring Nasdaq’s closing bell and present at the TradersExpo. It was a super cool NYC trip. Check it out! 🔴 Subscribe for more free Stock Trading tips: https://www.youtube.com/channel/UCoSG43KFjTe0trsteSQ46Ng?view_as=subscriber?sub_confirmation=1 Share this video with a fellow Trader: https://youtu.be/E7f0HGYzQ4o ✅ Links I mention and recommend: Join Tim's Challenge here: https://bit.ly/2XiOl1b Subscribe to my FREE weekly stock watchlist here: https://bit.ly/2XhE0Tk Watch me ring the Nasdaq closing bell: https://youtu.be/7SDG5onSCIk Watch my NY Trader Expo interview: https://youtu.be/Bojt2fCN8vk ✅ Recommended video: https://youtu.be/lgC2GNMioeA ✅ Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R ✅ Follow Tim Sykes and his trading travels: Instagram: https://bit.ly/1Remh9f
Facebook: https://bit.ly/2ItKo3A
Twitter: https://bit.ly/2P46g8n I just did the SteadyTrade podcast with host Tim Bohen, who’s also my friend and student. We're reviewing a lot of what's happened recently, especially our trip to New York. First, we rang Nasdaq’s closing bell — a dream come true! Then we presented at the TradersExpo. Overall, it was an awesome trip. This was actually my second time ringing the bell at Nasdaq. It was an honor both times! It’s awesome to be up on a giant billboard in Times Square. And it was great to be back at the TradersExpo. It’s been about a decade since my last time. It’s interesting to see what different traders are into — blue-chip stocks versus penny stocks, low-priced stocks, options, and so on. It seems like the whole world hates low-priced stocks, but they work for me. I think it’s a great niche, especially for average retail traders. You can control your risk, and you're not competing against huge investors because there's not enough money to be made. You can hate on penny stocks, and you can hate on me. But I like to keep it real. I'm gonna keep doing what's worked for me for the past 20 years. The patterns haven't changed, and the rules haven't changed. I’ve refined my rules a little bit. I'm way more cautious now — I'm more long biased. I have lots of lessons on short selling, but in this current market, and with the amount of newbie shorts, the risk/reward just isn’t there. Trading volatile stocks in one way to go, but you have to be prepared and have a plan. Look for the potential upside. And remember to monitor the risk! If you don't have that potential upside, the stock isn’t worth trading. If you don't know how to monitor the risk, it’s not worth trading. It’s a balancing act. Learn from the process. Don’t copy our trades or anyone else’s trades. See what we do right, as well as what we do wrong. Adopt the ‘no days off’ mentality. If you have a job, are in school, or have a family, make time to study. You can study at night and on weekends. There’s plenty of time in the day … If you’re wasting it, stop doing that! You can create your dream life. It’s up to you to commit. There will always be opportunities. The key is to be ready for those opportunities. Trading is all about improving yourself. You work to improve your knowledge account and your bank account. You work to improve over time. So even if you don't get it right away, you have to be patient. Pace yourself for the long haul. This is a marathon and not a sprint. Invest in yourself. Put your money into education and learn to be self-sufficient. And if we can help inspire you or teach you anything that we've learned over the years — that’s our ultimate goal. What can you do to better prepare yourself? Leave a comment and tell me the most valuable thing you learned from this video. ——————–
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.* #TimothySykes #Pennystocks #Investing
* Results may not be typical and may 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: https://www.timothysykes.com/terms-of-service/

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For traders — especially beginners — a broker can a super valuable resource. It’s essential to find one that’s safe and reliable. Learn how to pick a solid broker and steer clear of those that don’t deserve your trust. 🔴 Subscribe for more free Stock Trading tips: https://www.youtube.com/channel/UCoSG43KFjTe0trsteSQ46Ng?view_as=subscriber?sub_confirmation=1 Share this video with a fellow Trader: https://youtu.be/ZTo2zEkYsF8 ✅ Links I mention and recommend: Join Tim's Challenge here: https://bit.ly/2TZ23Eo Subscribe to my FREE weekly stock watchlist here: https://bit.ly/2IbfhvD ✅ Recommended video: https://youtu.be/gtfyLb6XQ9A ✅ Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students — Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R ✅ Follow Tim Sykes and his trading travels: Instagram: https://bit.ly/1Remh9f
Facebook: https://bit.ly/2ItKo3A
Twitter: https://bit.ly/2P46g8n You need a broker to make trades. But you don't want to risk too much with your broker. For instance, I wouldn’t trust a prop firm or some sketchy offshore broker. There are so many different brokers with different schemes. You have to be careful when choosing. I tend to stick with big companies because when the markets crash the smaller brokers and prop firms can risk going out of business. It can seem like signing your life away when you sign up with these brokers — I've been there. I mention certain brokers for their credibility. I’m NOT working with them. They actually don’t like me because I trade very little and I'm super patient. That’s how I think you should be. No broker is perfect, but some are better than others. When choosing a broker, you don't wanna bend the rules. Remember, you can't cheat your way to success. If you struggle to trade consistently or find your niche with a legit broker, the last thing you should do is pursue some of these gray areas. There's just too much downside risk. Watch out for sketchy or questionable brokers, like the ones that don't charge any commissions. From what I hear, their market and executions are terrible. You have to think about how a broker makes money. If they're not charging commissions, they're making it through other means. So they may actually route your order out to other firms and take a little slice of the pie. I’m okay with paying small commissions to a larger company because that's the price of doing good business. I like to play it safe. Think about it this way: What can you do NOW to better position yourself in the future? You need to find a reliable broker that'll be there for the long run. Have you had a bad experience with a broker? Share your experience! What broker do you use? Leave a comment below and let me know … #TimothySykes #Pennystocks #Investing —————————————————————————————————————-
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.* —————————————————————————————————————-* Results may not be typical and may 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: https://www.timothysykes.com/terms-of-service/

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