– What's up, Tim Sykes, millionaire mentor andtrader here in my gym with my little quarantine beard.
I hope you're staying safe during this quarantine and lockdown.
I'm here in the gym becauseI want to talk to you about how do you get fit.
And not physically fit, I'm Jewish, I can barely just not look fat, but how do you get physically, how do you get financially fit? I mess up too.
I'm just gonna leave that in there.
How do you get financially fit? And that is a question I get all the time.
Too many people think that it's all based on any one hot pick.
And instead, I want youto focus on the process.
Part of the reason why I'm filming in here with the American flag, with this view is because I wanna showyou what's possible after lots of small gains added up.
Instead of trying to makethe most money right away.
Instead of going for hot picks or following anybody's alerts.
Focus on learning the process.
And the process isdifferent for everybody.
You have to optimize the strategy for you.
And I know this sounds crazyto everybody who's like, “What are you talking about? What process? What optimization? Just give me a hot pick.
” Listen, click below, I'm gonna include two free guides.
One is my free Penny Stock Guide.
Secondly, I'm gonna give you my free Volatility Survival Guide.
The market has been very volatile lately.
You need to know how to survive it.
You need to know how to thrive in it.
And it's all about lots of little gains.
Today as I'm filming this, I made about $4, 000.
Several of my top studentsmade 6, 10 $20, 000 in one day.
But that's just something that you should aspire to later on.
Not in the beginning.
What I'm talking about with the process is Tim Grittani, for example.
My top student started with 1500.
He's now closing in on 11 million, he might even be over 11 million.
He made 700, 000 last month, but he's been trading nowwith me for nine plus years.
In the beginning, he wasn'tmaking 700, 000 in a month, his first three monthshe did not even trade.
His first nine months he made nothing.
But by year three he was a millionaire.
So how do you explain that? Well, the three monthsthat he wasn't trading he was just learning, he was practicing.
We didn't have papertrading software back then, but now we do.
I'm gonna include aspecial for StocksToTrade just below this too, whereyou can try out the software, you can paper trade, you don't have to riskany hard earned money, you can just practice.
You don't get the full education 'cause it's not real money, but in the beginningyou're not gonna make much or lose much anyways 'causethese stocks move too crazy and you're just not prepared.
So you might as well practice.
So he was just learningfor his first three months.
But then month three to month nine he was trading but he made nothing.
He had some small wins some small losses, you can go see all of his trades.
Unlike the many fakes in my industry, we show all of our tradesgood and bad, big and small.
And in the beginning of his journey he was trading trying tomake 10, 20, 30 bucks.
It's actually funny if youlook at some of his trades, like he lost like $12 andhe's like trading implosion, but he took it seriously.
And that's what I need you to do.
Whether you're trading big or small, especially in the beginning, hopefully your trading small, treat it like a business.
How do you optimize? How do you partake in a good strategy or a good process? Maybe you're focused ondip buys, morning panics, that's what I like.
Grittani likes multi day breakouts and then he holds.
I'll give you an example, INO, we were both long a few weeks ago.
This is a potential vaccineplay for the Coronavirus.
We both bought it on themulti month breakout at nine.
I sold it in the 10s.
I made a few hundred bucks.
He kept holding, hetook a bigger position.
I think he sold in the 15s or 16s, he made six figures.
He also made six figuresshorting it on the way down.
He's very aggressive now.
But like I said, that's nine years in.
In the beginning he's makingand losing 10, 20, 30 bucks.
And trust me it's good to trade small.
I know that your friends and family are probably saying, “Oh, penny stocks are a scam.
Tim Sykes is a scam.
” I've heard this all before.
You have to resist that.
The most money that you're gonna make is year two, year three, year four, year five.
No different than if you're in the gym.
You're not just gonna get jacked overnight unless you have some crazy genetics, unless you're special.
But I'm not special, TimGrittani is not special, none of my top students are special.
What we have learned is how to make $50 ina day, $100 in a day, and if we're wrong we loselet's say $20 in a day.
Then we take a biggerposition size next month, or next year and we learnhow to make 200 in a day, or 500 in a day or 1, 000in a day and lose 100.
We don't win every time.
Neither Tim Grittani or I have like an 80 or 90% or 100% winning ratio.
We win 60, 65, sometimes 70% of the time.
But our wins are bigger than our losses and we can scale up.
So once you learn howto make 1, 000 in a day on a, let's say, I don'tknow, a 5, 000 share position like you're using $5, 000or something like that, or maybe $10, 000, but you're learning how to make 1, 000 ortwo on the day later on, maybe the year after.
You get comfortable with that, then you can bet bigger.
It's the same kinds of trades, but you can hold them longer, you can take bigger positions.
That's how you scale up.
And I would encourage you tofocus on whatever patterns you're best at, and that might change.
I short sold a lot in the past.
Now I mainly go long.
I've adapted to what works best for me, and I think shorting is very risky.
There's a lot of shortsellers out there these days.
They're getting crushed on commissions, on fees, on the ridiculousrisks they take.
I get a daily horror storypretty much every day or two from anywhere from five to10 wanna be short sellers, because it does not work very well if you're a newbie.
Don't let the short sellers lie to you.
But short sellers who haveexperience in big accounts, they can average up on their shorts.
They can even risk getting squeezed every now and then becausethey are already experienced and they have big accounts.
You, most of the people watching this have small accounts, most people watching this don't have that much experience.
So you need to think a little bit and the way that I teach when you watch these freeguides that I link below, guess what, I teach, Idon't know how to say it, I would say like areasonably low risk strategy.
Obviously, I'm trading pennystocks I'm day trading.
So if you ask the financial industry, I'm like the devil, and thisis the risky stuff ever, riskiest in the world, but the way that I doit is minimizing risks.
Rule number one for meis cut losses quickly.
Like I said, my goal is to havebigger gains than my losses.
So any one trade doesn't matter.
If you are a gunslinger, if you do not trade small, if you use leverage, if you go all in, if you ever get too cocky, you can blow up on one trade.
So for me when I'm trading conservatively using a small portion in my account and just trying to keep the process going with a good trade, good trade, good trade, sometimes unfortunate news happens, sometimes I might get caughtafter hours in an offering.
Sometimes I might get caught with some negative news orsome bad Coronavirus news or something like that.
But I'm focusing on thepatterns that I know.
And the patterns that I know are the patterns that I teach you, they're in the freeguides that I've linked.
So I encourage you to read, to look at these free guides, take notes, see what works best for you, whether you like dip buyingmorning panics or breakouts, or even if you do like shortselling, it's up to you.
We're all a little different.
We have differentstrengths and weaknesses.
You have to find what works best for you.
And that is the processthat I'm talking about.
No different than in the gym.
Some people like to bench press, some people like the legpress, I hate doing legs.
I have like little chicken legs.
I'm not even that big ofa fan of the bench press.
I'm more of a elliptical guy.
Actually, leave a comment.
What's your favorite exercise in the gym? I'm curious.
Do you like bench presses? Do you like ellipticals? Do you like treadmills? Do you like sit ups or leg presses, or triceps, or punching bags? It doesn't really matterwhat the answer is.
But, again, it's up to you.
We all have different preferences.
And it's the same thingin the stock market.
It's the same thing with trading.
What is your preference? And like I said, your preference in the beginning might evolve.
So you have to be really incontact with who you are, get very introspective.
Analyze what you're doing well at, analyze what you're doing bad at.
When you analyze what you're good at and what you're bad at, you can really modulate.
Try different stuff.
Like I said, it doesn't matterhow much money you have, you should always beexperimenting with new strategies.
Think about it like a companythat has record profits, but they're still investing10, 20, 30% into R&D, research and development, just in case their maintechnology, their main product, for whatever reason the profit stop.
You gotta start thinkingabout different stuff.
And if you're in the gym, it doesn't really matter whatyour favorite exercise is, you shouldn't just focusonly on bench press.
You shouldn't just focus on one, you should be well rounded.
And the same goes truein the stock market.
Because if you only haveone favorite pattern, guess what, that sometimesmight stop working, the stock market will find your weakness and then you'll have nothing.
So test, tinker, experiment, think of yourself as a scientist and get through any kind of market.
The reason why my studentsand I are doing well even in this Coronaviruscrisis when hardly anybody else is doing well is because we adapt to the market environment.
And right now this market environment is great for penny stock trading.
Click those two links forthe free guides below.
Take advantage of thatspecial StocksToTrade.
And leave a comment, tell me what your favoritegym exercise is, stay safe.