 3 Powerful Habits (And the ONE habit that rules them all…) ✔️ 3 rules and a meta-habit. (Or … how to be a meticulous trader.) ✔️ What top traders have in common... ✔️ How to become a mechanical trader... Sponsored Content  Let us help you create your own stock market strategy…
Get a plan, chat with top traders, enjoy alerts, commentary, regular webinars, and video lessons…
This is what you get inside Tim Sykes' Trading Challenge
Hey. Tim here.
Do you have any bad habits? If you're like most people, the answer is yes. In trading, good habits can make you … And bad habits can decimate your account.
The good news is, there's something you can do to overcome bad habits...
One of my big teaching points is to follow the rules. Some traders have different rules. Or variations on the rules.
But top traders all have rules. And they follow them meticulously.
Here are a few examples…
For me, rule #1 is to cut losses quickly.
Another rule is to get out of a trade when it's not going my way. It doesn't even have to be a loss. If my thesis is wrong, it's wrong.
Another rule I follow is to take singles. I know that one trade won't make me rich. And as long as I follow rule #1, one loss won't break me.
My trading rules are so important to me that I follow them without emotion.
Cutting losses quickly is mechanical for me.
Getting out of a trade that's not going my way … mechanical.
Taking singles … mechanical.
That doesn't mean I don't still feel emotions when I trade. (I do.)
But I've made it a habit to follow the rules.
I don't question them.
There's no fuss.
"I'll just hold this … just in case I'm right…" That never enters my mind.
So how do I do it? Sponsored Content  Want to start trading from home? There's one habit I have that sets all the other habits. It creates a foundation to be a better trader.
It doesn't matter…
Win or lose, I do THIS every time.
Find out what it is in the latest edition of the Millionaire Mentor Update.
— Tim
Your Tuesday Reads Top Penny Stocks List Weekly Update This week's watchlist includes 15 stocks. On Monday, every stock on the list closed green. That sounds crazy, right? But it's not me. It's a sign of the times in this hot market. Enjoy the ride… It's 2021… Take The Trading Challenge Now New year… new you (but only if you make a move) Challenge Student Kyle V's Extraordinary Year In December 2019, Kyle signed up for my Trading Challenge. He didn't have a brokerage account or know much about trading at all. As of December 2020, Kyle is up over $74K.* Check out this trader's extraordinary journey.
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*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.
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