I get asked the same trading questions over and over by new traders — but I usually don’t answer them.
It’s not that I don’t care … I just rarely have the time. When I’m teaching my Trading Challenge students about penny stocks and day trading strategies, I focus on more specific trading lessons based on the current market.
But today, I’m making time for you. So even though I don’t usually do Q&A sessions like this…
New traders — ALL traders, in fact — NEED to know these things.
Warning: What you’re about to read is real and blunt. You might hate me by the end of it. And if not, you might be ready to become my student.
Are you ready for this?
Trading FAQ #1: “How Do I Get Rich in the Stock Market?”
This question annoys me because it’s usually followed by “give me a hot pick.”
Wrong mindset. There are problems with just following my stock picks…
- You’ll be dependent on me.
- I’m not right all the time.
That’s why I say that I’m like training wheels for my students. I’m not here to tell you what to do. I want to teach you what I’ve learned in my 20+ years of trading so that you can develop your own trading strategy and make your own decisions.
I’m not gonna reward wannabe traders by giving them hot picks. That would be like rewarding a baby for bad behavior. Don’t be a bad baby — I’m not gonna give you stuff if you are. I want to teach you discipline and rules.
Trading FAQ #2: “Why Isn’t Your Trading Challenge Free?”
Because I don’t have time for lazy people. If I offered it for free, I’d have to deal with a bunch of BS attitudes. I don’t have the time or sanity for that.
I have plenty of no-cost content on YouTube. If you want to dabble, go to my channel. There are thousands of videos. You can learn a lot.
But my Trading Challenge is only for serious traders.
You have to apply to be my student — I don’t accept just anyone. You’d be surprised by how many people this weeds out.
I don’t need people who disrespect my time or my team’s time. If you’re ready to learn discipline and the rules of trading, this is a fully loaded educational resource.
Trading FAQ #3: “Can You Guarantee That I’ll Be Your Next Millionaire Student?”
Becoming my student doesn’t mean that you’ll find success at trading. That’s up to you.
But I can say this … All my millionaire students started in my Trading Challenge. I have 20+ millionaire students now. Check out several of them here.
Did you know that across all different asset classes, 90% of traders lose? It’s a tough, tough job. But I believe that many of that 90% lose because of a lack of preparation. I also believe that can be fixed with the right guidance, the right rules, and the right discipline.
Here’s what I can give you:
- All my lessons
- All my patterns
- The tricks that I learned the hard way over 20+ years of trading
- Lessons from my top students who have become millionaires
But you still need to take what you learn and make it work for you. You’re the one who’s going to have to study and follow the rules. I can’t do that for you.
Trading FAQ #4: “Do You Ever Lose?”
Every trader loses sometimes. Even me. If you look at my Profit.ly page, where I post every single trade publicly, you’ll see that I lose about 25% of the time.
But I’m still profitable overall. At writing, I’m up over $7.3 million in trading profits over the course of my career.
One of the biggest reasons why is that I cut losses quickly.
Every successful trader I know controls their losses.
You cannot let a small loss turn into a potential disaster because of your ego or because you’re stubborn and don’t want to show any losses.
That’s like a pitcher trying to pitch a perfect game. Chasing perfection makes them lose their concentration and they screw up. Then they actually lose the game — all because they’re so worried about perfection.
There’s no such thing as perfection in the stock market. What I care about is passing down the lessons I’ve learned and the rules that really matter to you so that you can speed up your learning curve.
Trading FAQ #5: “Why Do You Share All Your Trades?”
Because most people online are full of crap. They don’t show their real names or all their trades.
I do. Click here to see all of my trades.
Also, I should tell you that I use my trades as lessons. I donate 100% of my trading profits to charity. Check out Karmagawa to see some of the projects I’ve worked on. Actually, I just built my 104th school:
I dedicated it to my student Paul. You’ve gotta check out his story — he used his trading profits to buy his mom a house!
But I digress. I share my trades because I want to be real. I want to set an example for my students to be real.
If being real offends you, you don’t have to be on my page — nobody’s forcing you to be here.
Trading FAQ #6: “Why Are You So Blunt?”
Because so many people are just helpless, and I have no time for that. If you want me to do the work for you, then you probably don’t have what it takes to be a successful penny stock trader.
My bluntness and transparency are what make me successful as both a trader and a teacher. If it’s not for you, that’s fine.
But I’ve even had haters turn into millionaires! My first millionaire student, Michael Goode, actually wrote a blog post talking about how I was full of BS.
I convinced him to try my strategy — now he’s up over $2.6 million in trading profits.
I think that says something about me…
And I believe that I will help create more millionaire students. If you want to be one of them, you must put in the work and use my lessons to become self-sufficient.
- I don’t want you to follow my picks.
- In fact, I don’t want you to follow alerts from anybody.
- Instead, I want you to learn the patterns and the process.
I alert my plays and my trades in real time because I want you to learn from them. I want you to understand why I buy a stock, why I take profits when I do, and why I cut losses quickly. The more trades you see, the more you start to understand my process.
Do You Get It?
Most traders will fail. Do me a favor — be different.
Follow instructions. Study. Prepare.
Trading isn’t rocket science, and I believe we’re in the best market that I’ve ever seen. The opportunities are there. Will you be prepared to take advantage of them?
If you understand what I’m saying in this post, you might be ready to take your trading to the next level. Consider applying for my Trading Challenge today.
What do you think of my responses to your FAQs? Leave a comment — and let me know if you have a question that I missed!
The post Your Top Trading Questions, ANSWERED! My Responses to New-Trader FAQs appeared first on Timothy Sykes.