My student Huddie just graduated college and is already wise beyond his net worth. As wisdom goes, mistakes are guaranteed along the way. All traders deal with loss and while they aren’t fun, they do act as a great learning curve on how you can improve your trading. Take advantage of Huddie's wisdom from his biggest losses. And hopefully, you can learn from your mistakes too so you don’t repeat them. 🔴 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/HEmgsgxlOs0 ✅ Links I mention and recommend: Join Tim's Challenge here: https://bit.ly/2FFNPmK Get my weekly stock watchlist here: https://bit.ly/2HMTCub ✅ Recommended video: https://youtu.be/CUkZ0MjPXew ✅ 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
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Twitter: https://bit.ly/2P46g8n FULL DESCRIPTION My student Huddie just graduated college and is already wise beyond his net worth. As wisdom goes, mistakes are guaranteed along the way. All traders deal with loss. Huddie’s first big loss happened at the end of his first trading year. In fact, he lost everything he made that year … in just one day. The first very valuable lesson he learned was that he’s a day trader, not an investor. There’s a BIG difference. His second biggest loss happened three and a half years later. This one was due to his mentality. The trade wasn't on his side yet, and he had a home-run mentality. He just wanted a big win. He tried to be too aggressive, fighting the odds and the trend. He even readjusted his risk. Luckily, he followed my number one rule: cut your losses quickly! It’s so important to build your knowledge base, stick to the patterns you know, and trade safe! Don’t get burned by trying to predict the market. It's a double-edged sword and super dicey. While losses aren’t fun, they can act as a great learning lesson on how you can improve. You can learn to narrow down which stocks you should trade in the future or when to trade those specific stocks in the future. What's really important when you take a loss is to go back and look at everything that influenced your actions — your mentality and any psychological factors.. And hopefully, when you take a loss, it’s at least in your control or you can identify the areas in which you were wrong. Learn from your mistakes so you don’t repeat them! What happens when you try to predict the market? How has the market humbled you? Drop a comment below and let me know! —————————————————————————————————————-
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
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