You'll Never Guess What Happened To My Student Who Broke My Rules
January 16, 2019
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9:52Now PlayingYou'll Never Guess What Happened To My Student Who Broke My Rules
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I set rules for a reason: to help you trade more safely.
Today, I’m here with my student Mason and we’re discussing what happens when you choose to break my rules.
One of the biggest problems with most traders is greed. I’m constantly telling you not to chase home runs. Always take singles!
This is where Mason’s psychology was screwed up. He was stuck in a home-run mentality.
Just by breaking my rules, what could have been a five figure profit turned into a major loss.
After a loss, many traders go for the revenge trade. It's like a crime of passion. You block it out. You're just trading. You’re convinced you have to make the money back. You probably don’t even know what you’re trading.
It’s a rough mentality to get stuck in. Learn from Mason’s mistake. The stock market has no emotion — you shouldn’t either.
Don’t be greedy. Don’t chase home runs. Cut your losses quickly!
Do you agree that my rules help you trade safer? Have you ever made the same mistakes Mason did? What happened? Drop a comment below and let me know!
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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.*
* Results may not be typical and may 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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