How To Keep Your Account Safe
May 13, 2019
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7:02Now PlayingHow To Keep Your Account Safe
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as posted by the channelMost traders lose because they’re unprepared. Holding and hoping isn’t a strategy — you need to research. Success is about mindset. Nothing is over until you give up on it. Here’s one simple way to be a smarter trader AND protect your account!
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FULL DESCRIPTION
Today I’m talking about how to keep your account safe.
If you’ve been following me you know my latest charity endeavor is saving the reef.
Many people don’t realize the majority of the world's oxygen is created by marine life, which is dependent on the coral reef. Currently, about 40% of the reef is dead, and many people think that’s an excuse to give up on it...
But nothing is over until you truly give up on it. Success is about mindset. If you have a losing mentality and say you’ll lose, you probably will. It’s said that around 90% of traders lose, so why even get into trading?
Here’s the thing: You can always learn and improve — even if you’re part of that 90%. That's the beauty of education.
Aim to do better. Traders tend to lose because they don’t prepare. You can hold a stock and hope for the best ... But that’s not a strategy.
You need to research. Don't risk your hard-earned money on random stocks.
My Trader Checklist Guide shows you my seven key indicators for stocks. Most traders ruin their accounts by failing to prepare. So go into your trades with a plan. That alone can give you an advantage over other traders.
And you gotta be patient and OK with missing a trade. Be meticulous before you risk your hard-earned money!
What will you do to protect your trading account? Am I crazy for comparing trading to saving the coral reefs — got a better analogy? Leave a comment!
#TimothySykes #Pennystocks #Investing
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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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