20 Trading Lessons You MUST Know for 2020

[@TimothySykesTrader]

From #1-20, which lesson helped you most? Let me know what you think!

[@jordanreed1325]

#19 relates to me recently 18:35-19:10 , I nailed $FCEL , I was in @2.53 and out @2.77 I bought the rumor and sold before the news lol! It’s a great lesson though because this morning when the news did come out on their earning the stock tanked from 3.20 all the way down to like 2. UNDERRATED LESSON!!!!!!!! This trade also wiped out all my annoying 5-10-20$ losses , some of which should’ve been wins but work got in the way and that’s ok! Sometimes life gets in the way! Still going strong Tim! See you in ... idk what the number is anymore , we’ll just say like 950. Thanks again -Jordan Reed

[@jordanreed1325]

P.s. you forgot to add the music to the end of this video. It’s cool though

[@doodyfly671]

All your 20 rules are kind of basic guide lines in my trades. Also I like you casual jacket in this video.

[@tajgray9055]

Lesson #16- Learn to react, not predict is definitely a good one, some of these stocks can be unpredictable anyway so it’s best to just react to the price action, news, etc

[@JS-dd8cf]

Rule number 1 for sure I am glad you brought up your losses are only 1 or 2 percent later on in the video because I never have been sure at exactly what percent I should cut losses

[@chocolatemilk8487]

I'm 19 and I'm a dishwasher at a cracker barrel near me. I put my little Bluetooth headphones in and listen to your videos all day on repeat when I'm working (: thanks

[@TimothySykesTrader]

that's awesome! Keep it up 🙌

[@SuperMrozzy]

Legend

[@robertvazquez7083]

your time is coming my friend do not give up, never bend never fold. its a marathon

[@entrex7596]

I hope you'll do very well, but remember dont give up if the start isnt so great.

[@ragingbulltwofourseven2977]

You're the F'ing man. Totally in this to give back. I made 55K in one trade and I give back 10% of all my trades I profit from. I will be seriously looking into your programs. Love your attitude!

[@beverlytaylor9329]

Lesson I learned today: it’s ok to sit on the sidelines and watch.

[@hollyparten706]

where you watch stocks if no account

[@carolegrenier]

Thank you for the lessons. They will be useful. My main weakness is to cut losses quickly. I am working hard on that.

[@TimothySykesTrader]

You got this!

[@theomacelestin4739]

I don't speak a lot of English but I understand you. You speak very clear. Be my mentor Tim

[@TimothySykesTrader]

thanks Theoma!

[@FluteLoveMeditation]

I learned #19 the hard way last year. 3 times taking a loss on good news.. I've learned to trade before the catalyst and wait for the reaction. Great video as always Tim. I hope to one day join your trading challenge. Til then I'll keep studying up.

[@TimothySykesTrader]

thanks Jeremy!

[@jenniferkomondy5442]

#1, 14, 16, 17, I’m definitely a fan of KISS, 20- I too was a skeptic at first- I hope to tell you my story one day and how you changed my life and inspired me to make a different future for myself ✨❤️✨

[@TimothySykesTrader]

awesome! See you at the top!

[@GPrendiz86]

One of the most transparent and honest trader I've seen, great trader lessons!!

[@TimothySykesTrader]

thanks Gustavo!

[@GPrendiz86]

@@TimothySykesTrader Looking forward to join the challenge, I think I finally found the ideal Mentor/Trader to learn from 👍

[@iouiou3808]

this is the first time i watch your video and is the first time i comment on yt. im a new trader, in the past 12 months i made 40k at start but now im down 40k with less than 2k in the account. my mistake is being an attacker, i traded everyday and many time a day. i knew this is wrong but couldn't control my greed, if i were to take small profit and cut losses i be near the 6 figure mark now. i learnt this the painful way as i was so stress out. i hope others don't make the same mistake i did. your video is the best so far as you summarised in a way everyone can follow and is real practical facts. i don't know if i can turn my 2k back to 40k or not but one thing for sure after watching your vdideo is that im heading back to the right direction. you got my acct together, thank you

[@RiseAbove75]

I've watched a few of your videos now Tim and you seem really authentic. As for your question about which lesson helped the most. It's tough to choose 1 out of 20 so top 3 Lesson 9 Rule #1 Cut losses Quickly Lesson 6 This is a battlefield, arm yourself with education Lesson 17 Take a little something from every successful (and fully transparent trader & investor).... Thank you for the guidance Tim!

[@eugeniesoulange9879]

Thank you for the honesty. It's scary for me specially starting at my last 20's. I wished I have started years ago now. But I will surely follow your tips and start small. Thank you again

[@TimothySykesTrader]

It's never too late! You've got this!

[@Jaydyte]

Good video thank you. The best lessons are “learn to react and not predict the market” and “Give back”. This is very true, most cases when I tried to use what I got from my old learned patterns or what I think should happen from the news, it back fires on me, now I go with the flow. As for giving back, this is a mystery, but also very true. If you give back to other people what you have, is it your knowledge or money, you always get back a double portion of what you have given in cash or kind, it’s the law of nature. How it works or why that is? No one knows😶, just give back, and avoid being selfish or you will lose it all.

[@chrisnorris173]

Thank you Tim for sharing your insights and knowledge with so many folks! Great video! I am learning so much. Your attitude, honesty and transparency has won me over! I look forward to more videos, chats, webinars and ultimately, your challenge.

[@richardworkman7433]

I am a rule keeper. However I don't even know where to begin. I'm overwhelmed with excitement and enthusiasm. I am not stuck in my ways. I am a very opened minded person. I just need direction. I appreciate you being honest, upfront and bold. I just need to get started. I have enough to start my marathon. I can see the trends, I can follow directions well. I can follow good stocks but I don't even know where to purchase these stocks. Do I need a separate bank account or where do I start with what kind of account. I don't know how I found you but I sure do appreciate your leadership. As a retired pastor I know the value of following the person that is leading. Mr. Sykes this guy humbly submits to your leadership. Thank you Rich Workman...

[@itsiktzur]

Thank you Timothy Sykes for consistently teaching and sharing valuable lessons.🙏🙏🙏😊😊😊

[@TimothySykesTrader]

You bet!

[@kelsoh.2939]

All of them are important to learn and live by, but if I was to choose one that stood out it would be #3. #3 helps cultivate patients and being in the right mindset when trading. Waiting for the best setups is better than trading for the sake of trading and taking a loss. #12 speaks to the importance of trading with 3 accounts (Financial, Knowledge, Experience) (pg61-63) Preparation! Learn from each trade/strategy!

[@davidtam5479]

Sorry Tim, but I NEED all these lessons to make me a better trader! The lessons that I am failing at right now are #9 Cut Losses Quickly and #2 Trading like a "Retired" Trader. I trade too much and I force trades in "hope" of making money! I need to trade ONLY when the set up is right!

[@TimothySykesTrader]

that's good you're aware of your mistakes so you can learn from them!

[@philpreston6406]

Love your honesty Tim. I could easily spend the whole day........talking to you about trading. Maybe one day.........??????

[@TimothySykesTrader]

study all you can and start trading!

[@philpreston6406]

@@TimothySykesTrader Hi Tim, I do trade. And lost money for years..........then I had the aha moment. ( mine was trade against the loser..............nothing to do with charts. I'm now consistent. Realised trading is 99% mental ( to master trading......first master thyself) Most of OUR Thoughts are delusional...........certainly in trading. Those thoughts which we hold so dearly......are nothing to do with how we are going to profit!!!

[@orchardmudtwin]

I have no clue why someone would "thumbs down" this...this is outstanding. Sure it's common sense but sense isn't common. So kudos to you Tim. My trading evolution is and has been collaboration of many different traders. But I plan on building the life I want over the next 20 years. And I want to do it right.

[@ISaenz]

Thanks Tim! As a beginner, all the lessons sound great to me and very applicable . Time is the key for me when full time jobs is paying the bills (for now) . I plan to learn as much as possible and apply it to my daily trading...I started with $20 and I'm at $502...got to be doing something right✍

[@TimothySykesTrader]

keep it up!! 👍

[@gagangames4813]

It happened to me. I always trade just opening one hour. The longer i wait in market , i lose. So i made a new rule to myself. Trade 1 hour . If i m wrong , just get out and fight another day. There is less stress in one hour. Many times i lost just because of greed . I am just jammed to my screen and i hate it. I just trade stocks now that are in full play or in momentum. I feel that trading is 70% discipline and 30 percent skill.

[@andhenevercameback7117]

Pauly shore was biodome!!! similar movies. both classics. great lesson man!

[@vincentnix582]

I got the most value out of the safety lesson. It is just my nature to stick my chin out to tempt fate, then in the natural world it ain't pretty for the baited. In stocks I believe you that it will not pay to stick a chin out, at all. A 10% success rate is not a big pad to land a large bird on but you have one there and that is no mistake. I was not blessed with a photographic memory as you were but I can outwork most of them and that would in this case be learning and following a plan. Make a plan follow the plan. Easy. Patience is the part that is not quite so easily done when one is hungry. Anyway congrats on beating, no, learning and employing the system to, in effect, beat the (6 to 6) system.

[@stevenchen8764]

I am very agree with the lesson two !! Cuz when I traded before I always easily been affected by the price and profit I made but forgot how to become the best trader . thanks Tim!!

[@TimothySykesTrader]

you got it!

[@cindywong7812]

Thank you, Tim, I listen your videos more than watch them. I made all the mistakes you mentioned, hold and hope, chase a stock, get emotional, get depressed...it's pretty difficult to determine when to enter and when to exit. I'm still learning. Thank you

[@TimothySykesTrader]

glad you have you here, Cindy. Learn all you can!

[@davidtupua7357]

Thanks for the learning tips and trading foundation. Just watched your new 94 lessons and Tips on trading. It has greatly improved and helped my trading confidence. GOD bless you for your desire to help others.

[@TimothySykesTrader]

Great to hear!!!

[@edwinmagoga7807]

Lesson 13 is what is driving me to join you, i wanna make a difference in other people and thus i am determined to make it.

[@TimothySykesTrader]

Learn all you can!

[@willfrank7753]

Be real with yourself and others, learn from your mistakes, Cut losses quickly, think like a retired trader there is just so much great info in these video just like your Student Portal lessons... Again, thank you Tim...

[@TimothySykesTrader]

thanks Will!! you got it. 👍

[@MR-pm9ub]

Where have you been all my life ? Lol. Honestly timothy sykes your very smart and humble. Can I join up to be one of your students please?

[@TimothySykesTrader]

yes! Sign up to be a student at bit.ly/34286xj

[@c.p8966]

Being real with myself, knowing that I have to study my ass off and if I'm in a trade cut my losses quickly. Don't be arrogant! Like they saying goes, "YOU ARE RESPONSIBLE FOR ALL YOU DO AND FAIL TO DO!"

[@stevenhomoki9271]

Thanks, I have a book from you coming and I have been reading a ton of books and your style seems very enlightening to me. I am curious what platform you use to search stocks with this spiking?

[@TimothySykesTrader]

I use stocks to trade: lp.stockstotrade.com/premier-trial/?CP

[@uncleiroh4650]

“That baby would be bloody. That baby would be decimated” - Timothy Sykes, Millionaire Mentor

[@terrysaunders3602]

Tim, this is about my 20th video I have watched of you. I’m cashing out part of my 401k to join your challenge team. I have already had my interview. I am willing to listen and work hard. Hopefully a year from now I look back and say, “Wow, what a great decision!”

[@docclupper7315]

lesson 17 would be most important to me since i've been trying to find good formulas to take my small account of $700 to better heights. I know it is considered the most smallest start. :)

[@TimothySykesTrader]

awesome!

[@LjTrader]

You do t have to bear ahead of time, you can find an recognize a multiday runner, and get to be Ina trade and ride it up. Thanks Tim.

[@KittyKlawz]

My favorite tip was start small. I'm a bad girl with underdog mentality, which is my weakness so start small tip will help me more than I know

[@louiegaming6142]

Tim! I'm pretty new at stock trading, I haven't start investing yet but I wanna know more about trading first. What would you suggest I learn first? I think I will start by watching all of your videos first and attending your available webinars. I think I will start investing to penny stocks too just for around $100 maybe just to learn how trading works. Let me know what else I can do to start. Thanks!

[@rumal619]

Loving the lessons, I have 1000, Where, what and how do I study? I’m looking through your videos trying to apply. Got my mindset ready, going to start small, where do I look?

[@carmennavar6961]

So honest so transparent you are one of the BEST teachers in this niche always telling the truth. I loved your Book Hedge Fund Trader Brilliant . Thanks

[@TimothySykesTrader]

wow, thank you!!

[@antii7366]

Here's a tip: Mallagon CEO released news today confirming the rumors that MGLG is making a comeback by the end of 2020. I think its a good trade? 2015 was at $30+. Idk, I brought 1 million shares. Hope to get it to at least a dollar...😂🤷‍♂️

[@AscendMentality]

“Cash is often the best play” love that one

[@TimothySykesTrader]

Yes!

[@nelsdawgy]

Hey Tim! It's me Nelson! I was in your challenge 6 years ago. I've started up trading again, it's amazing to see how the patterns you taught us back then still apply today! I feel like I'm a little more mature of a trader now, finding stocks on my own then waiting for the trade to come to me before I go long or short. I'll let you know how I do, so far last week I'm up a good 5 percent on my tiny account of 10k USD, using the dip buying earnings/contract strategy.

[@newboylive7604]

Wish I could like this video a million times. Thanks Tim for dropping these gems.

[@TimothySykesTrader]

glad you liked it- thanks for your comment!

[@garyporter6357]

Patience is a virtue as they say!

[@TimothySykesTrader]

yes absolutely

[@abrahamrodriguez825]

Just started trading last week. I put 3k in and I’m scared but I’m listening to you!

[@TimothySykesTrader]

Nice job! Keep studying and follow my #1 rule 🙌

[@edvinlopez7354]

im getting it little little, learning from your DVDs and videos here in KZbin. thanks for all the info, the one thing that made me follow Tim is cuss him and his students are transparent.

[@randallmccrillis269]

Much appreciated Tim brand new to this type of trading but you make perfect sense thanks for taking the time to help explain.

[@domenickbiondo7481]

Tim you are living my ideal. I'm on board. I'm studying up to become your next millionaire student. Love your energy and generosity thank you

[@TimothySykesTrader]

glad to have you on board!!

[@lloydalozie994]

Joined up to be your student. Done the first homework reading the book on the volatile survival guide. Watching youtube lessons while waiting for the next homework for today.

[@amak4567]

I also see that Tim response to almost all the comments, what a MENTOR indeed. I started my journey with him and STT user and about to be STT pro in next few weeks. Am greatly excited. Amos

[@TimothySykesTrader]

glad to have you on board!💯🙌

[@lorenagerardo9644]

1:45 am , watched this video✅. Awesome lessons!!

[@nanigirl78]

All of these tips are valuable and it draws out the bigger picture for becoming and or being a successful penny stock trader. Mahalo Nui Tim👍🏾👍🏾👍🏾

[@TimothySykesTrader]

thanks Leinani!

[@TimothySykesTrader]

what tip stood out to you the most?

[@nanigirl78]

#3 sometimes the best trade is NO trade. I've forced trades before and kicked myself in the ass after😫..I'm choosing to just absorb all I can from various sources including you. Thanks for being real & giving back to the world👊🏽👊🏽👊🏽🙏🏾🙏🏾🙏🏾

[@161mousanony]

love you man, your style/way of expressing what you got to say resonates to my heart ! best wishes there and everywhere

[@TimothySykesTrader]

I appreciate that!

[@johnnyreads-educationalvid6932]

all of the lessons help and since you always mention them in your dvds and countless webniars and videos these are 20 trading commandments thy shall cut losses quickly !

[@seanroe2789]

Thabk you Tim Sykes. I love that your are real and straight up with everything. I am so excited to have started on this journey and want to learn learn learn. I am taking your advice to heart and hope to be own trader sooner rather than later!

[@johnseck7593]

Invaluable guidance Tim. Thanks for all you do.

[@TimothySykesTrader]

thanks, i appreciate it👍

[@sirscrapp7420]

What would prioritize for people to get involved with learning from you after free youtube videos. Profitly? Millionaire student? StocktoTrade?

[@TimothySykesTrader]

30 day bootcamp www.timsykes.com/30-day-bootcamp/v2/?tyr=true 👍

[@sirscrapp7420]

@@TimothySykesTrader I got that already! As soon as I finish it I start over! Just wanna know the next best step?

[@Venom-z4t]

I’m learning so much from your videos! Thank you so much for giving your time freely to us.

[@TimothySykesTrader]

You're so welcome!

[@johnotaran]

So do you think making money and teaching how to make money is spiritual ?

[@michaelwilliams1830]

Great video, kinda outlines your basic strategy. Thanks for all your teaching and advice. Proud to be one of your Challenge students!

[@TimothySykesTrader]

glad to have you on board!!

[@DASHERO_X28]

Challenge Student watching this in 2023. History repeats itself. Learn from the past to be prepared for the future!

[@TimothySykesTrader]

YESsss

[@lafamiliat3306]

How much cash you need to start buying stocks

[@ChuKkN0RRiS]

Tim what market do you trade and where can i find a list of the penny stocks on it to add to my tradingview

[@toolgirl30]

17 for me right now!! Just started paper trading!!! But I love KISS so true!

[@TimothySykesTrader]

nice work!

[@tanshan7163]

I'm about to join your mentor challenge. I have learned a lot already by watching your videos and using a small account. I've already noticed patterns which I've heard u talk about. I'm ready to be your next millionaire student.

[@TimothySykesTrader]

awesome! Glad to hear it 👍

[@nickpoolsaad2234]

My first time to listened to your advised , thanks! and liked your lessons number 14 ,3.4,8..

[@TimothySykesTrader]

you got it!!

[@vudaah4630]

Thanks Tim for the valuable lesson and a great humor! Cut losses quick and keep on learning to prepare definitely will be a big one for me. Your new challenge student. Sensei!😁

[@TimothySykesTrader]

glad to have you along!!

[@vudaah4630]

Thank you, I am graceful for you and what you have done for other.

[@samtheman88888888]

How much do you charge for personal training ? I have seen hundreds of KZbin stock videos and honestly man, you have by far been the most educational. Awesome stuff man.

[@TimothySykesTrader]

Not doing personal training right now. Sign up to be a student at bit.ly/34286xj

[@cynthiarios03]

I’m disabled,after working Hard I had no choice and had to retire. I have 2 kids 2 grandkids and paid off my home. I want to donate to those that need but I get less than $2k a month and I have bills to pay and my child is 16 yo, what can I do?

[@nickcunningham7109]

Great video Tim. I like the info and the message. Thanks for sharing your knowledge!

[@TimothySykesTrader]

happy to help!

[@razmiks.9472]

You seem like pretty decent guy. Thanks for the charity work you do.

[@TimothySykesTrader]

I appreciate that!

[@Resilienttrader6]

Thank you Tim. I learn a lot from you every single day

[@TimothySykesTrader]

Glad to hear it!!

[@Resilienttrader6]

Thank you for reply :) im on day 19 in the boot camp. Like it so much 🔥

[@dericcormier38]

Thanks for all your beliefs and hopes that we will all be better off in life. Your knowledge is a wonderfull gift. Thank you

[@TimothySykesTrader]

you're very welcome! 👍

[@robertvazquez7083]

what dose he mean when he says buying singles? like 1 share?

[@mauricetamata4265]

Thanks Tim for your advice and thanks for the video

[@geoffreydagugz9493]

I came here because of Steven Dux and i really like your team transparency. Keep it up and im looking up to you guys and learning how to trade.

[@TimothySykesTrader]

thanks Geoffrey! 🙌

[@roy729]

Thank you tim have a good day you're one of the best human being on heart 💝

[@dreadfalife2274]

paul hear from delawere stil lstudying to be a mill student

[@KT-zx9jr]

Great summary , thank you.

[@TimothySykesTrader]

glad you liked it!

[@elaineaschbacher8122]

I took notes. Thank you

[@TimothySykesTrader]

good idea!

[@jodiebishop2462]

This is my favorite video great advice

[@TimothySykesTrader]

glad you liked it!!

[@ivancupido5573]

Great lesson Tim. I am back after one year and honestly I didn't focus that much due to my work

[@Whoisreal666]

This was very encouraging bro. Let's me know I have the right mindset going into this. I am looking forward to this journey

[@TimothySykesTrader]

i'm glad it was encouraging!

[@venitogonsalves8817]

Hi Tim Any books you recommend

[@childrensplaytime6750]

Your tips are very practical. Really enjoy them!

[@TimothySykesTrader]

Thank you- glad they could help!

[@stevenmacedo3055]

Thanks for all your tips and help out of everything you said what stood out to me was invest in yourself. God bless you brother

[@TimothySykesTrader]

Glad to hear it

[@kristiannovicky882]

I follow you for almost a year now and i feel like you talk about these rules over and over in every single yt video. btw you the best teacher

[@jordanreed1325]

Kristián Novický consistency is key! Good luck to you!

[@TimothySykesTrader]

thanks!

[@BillyReedMusic]

Great tips, Tim! Thanks!

[@TimothySykesTrader]

Any time!

[@doubleh7150]

Utilized the tools you are given thanks Tim

[@TimothySykesTrader]

you got it! 👍

[@ralphramirez3671]

I'm retired and never did one trade. Like to learn to trade. How do I get started. Getting started for Dummies

[@ilupeter2666]

Thank you Tim Sykes This a very handy information to have before going into Penny Trading, I'm from Papua New Guinea a Third World country and I'm looking forward to be your student sometimes and I'm also learning from your other videos thank you great man

[@TimothySykesTrader]

thank you! glad you're here- keep learning all you can

[@walterharris6311]

Awesome video Tim thank you 😊

[@TimothySykesTrader]

glad you enjoyed it!

[@simonwilliams7682]

Love it Tim Really great advice Thank you !!!

[@TimothySykesTrader]

you're welcome!!

[@HappyKidsStorytime]

This was amazing!!!! Thank you!!!

[@TimothySykesTrader]

Glad it was helpful!

[@samwui94]

You're a true day trader.

[@TimothySykesTrader]

👍

[@samwui94]

I just started day tradinng... It's been about a month, but once I become successful... Within 2-3 years, we should meet up

[@billblankenship3131]

GREAT TIPS TIM THANKS

[@TimothySykesTrader]

No problem 👍

[@Carla-jo3lx]

The bloody baby cause I'm new to trading, I got into a penny stock this week that's springing into entertainment business and it has been shorted, halted and more. It's been a very bloody. Also everyone's not nice. Thanks so much for this.

[@gavinkalikapersaud7225]

is there a video about being a day trader and taxes?

[@andysalo2081]

All lessons always help, The most helpful is to keep studying the market, I do it all day, I am speeding up my learning process as fast as possible. also learning to use the bullshit spam to figure out how it changes the market and the games they play. And making it work to my advantage, It's a lot to figure out all at once. Thanks for the help!!!!!!!

[@TimothySykesTrader]

Nicely done!! 👍👍