Awesome two days trading penny stocks with Steven Dux, signup at http://tim.ly/mastersykes to learn in person too..Today, you made how much?!? And message me at http://timothysykes.com/contact to get a deal on Dux's new guide!
0:05 $42,000, now what are you up to in total profits? 1.7 million
0:20 1.7 million, I love it, all my top students like, they say when Tim Grittani passed a million, he's like, you know, I passed one. I passed one, you didn't pass one, you passed one million. Tim Grittani is now closing in on six million.
0:40 Tim Grittani learned to trade penny stocks from others and that actually speed up his learning curves, and I learned from Tim Grittani and you, of course, to speed up my learning curve. So that's why my success rate is a little bit faster than others.
3:15 It's human nature, but all the best lessons, this is why I say in order to have the patience to wait for the best trade, I think of myself as a retired trader.
4:00 To be patient, I think you need to practice. Second, You can't be too rushed to make money, like nothing comes really fast.
6:00 Do you hear this guy? I say this every day. Maybe with the soft-spoken accent, maybe that's what it's gonna take you to do it. My point is that when there's no great play, most people are sad, right, they're like, aw, there's no great play. No, this is a good thing, this gives you more opportunity to study so that you can be better prepared for when the next play is there.
8:00 I like using different ones, like the big percent gainers area good, but also big percent gainers over three days or five days or you know, different things like that.
9:10 One tip for people watching this, your best tip. Aside from studying, aside from having patience, what's your third tip? 'Cause those are two big ones.
9:30 There's a lot of examples, like us, for people who are getting successful really quick. If you wanna be successful trading penny stocks, you have to work harder than us. So, not many people can be successful in trading. Eight out of 10 people lose money.
10:30 Every single trade I go in, I have a plan. I have my risk level. If it goes up, my risk level, I cut it, and when you cut it, you have a loss, but this loss you have to be really comfortable with. So trading and the stock market are like opportunities. If you take a loss, it's acceptable because you know you will make it back, your winning percentage is there. Always trust yourself, be confident.
11:00 This guy is so incredible, check out his new guide, we'll post the link just below this video. Learn the rules, learn patience, understand this is a marathon, not a sprint. You will not necessarily become a millionaire like this guy within two years. Some students take longer, and that's fine. Think about, oh, this is what I wanted to say. I've been saying this to a lot of students, let me know how it sounds. I say, what can you do today and tomorrow, this week and next week and this month that will serve you well over a year from now or two years from now, meaning if you make $1,000 today, it doesn't matter a year from now. But if you make $1,000 on a trade today following a plan, and then you use that same plan with a bigger account a year from now, that $1,000 maybe a year from now might be a $10,000 profit.
12:30 That is the best point. When you have a small account, focus on learning how to grow that small account. You're not gonna go from 1,000 to 1,000,000 all at once trading penny stocks. Try to go from 1,000 to 5,000, then 5,000 to 10,000, then 10,000 to 30,000, then 30,000 to 100,000,000. Then, once you have already proven yourself, you have the process down and you understand, it's the same exact stuff, just with bigger positions later on.