This Trading Mistake Taught Me a Huge Lesson

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This is a trade I'm not proud of, but you have to hear it. I broke all my rules—size, entry, exit—and paid the price: a $25K+ loss. Trading is a slippery slope. If you ditch the rules that make you successful, you will get punished. Learn from my mistakes: don't size up recklessly, cut losses quickly, and never let FOMO cloud your judgment. I’m sharing this not just to humble myself but to help YOU avoid blowing weeks (or months) of hard work in one bad trade. Drop a comment if this lesson hit home. Never break the rules—especially with size.

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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.*

(All content on this website is intended for educational and informational purposes only.

The material on this website is not to be construed as (i) a recommendation to buy or sell stocks, (ii) investment advice, or (iii) a representation that the investments being discussed are suitable or appropriate for any person. No representation is being made that following the instructor’s strategies will guarantee a particular outcome or result in profits. The price and value of stocks may fluctuate depending upon various market factors, and, as such, the strategies used by the instructors to adjust for those fluctuations may change without notice.

There are significant risks associated with trading stocks and you must be aware of those risks, and willing to accept them, in order to invest in these markets. Past performance of any trading system or methodology is not indicative of future results. You should always conduct your own analysis before making investments.

You should not trade with money you cannot afford to lose and there is a risk that trading stocks will result in a complete loss of your investment. Trading stocks, particularly penny stocks, is not suitable for everyone and requires hard work, due diligence, capital, and substantial time to monitor the market and timely execute trades.)