A few days I exposedthis hot topicthat so many people misunderstand and today I want to expose some more misinformation about who the best stock trader in the world is.
Is it the trader profiled in the blog post Best Guest Post Ever From A Trader Who Makes $1 Million/Year?**
Download this cheat sheetto find out who the best stock trader in the world is.
After all,as you can see here, hes now made over $10 million** and the man also gives fascinating presentations as those of you who havethis guideknow and as you can see a little here:
Is it the trader featuredHEREandHEREas while hes only closing in on $3 million in profits**, he had just $1,500 to his name just a few years ago:
Or could it bethis veteran traderwho also just created hisfirst millionaire student**in young Mattie Owens who just passed $1.3 million in profits in 2 years**:
Or is it my 1st millionaire trading challenge student** whoI wrote about HEREhmmmmm, I dont know but he definitely wins the award of best hair of any trader in the world!
Some people would say Tim, youre being too humble, youre the best trader in the world!
But am I really with my now $4.4 million in trading profits**,every trade detailed publicly here?
And some audits,brokerage statements and income taxes posted HEREI somehow doubt it as evidenced by bone-headed losses likeTHISandTHIS
Well,this guyis definitely out because he trades far too many non-stock related financial instruments like futures and commodities, sorry Mattie!
This great traderis out because hes running hedge funds now so he cant post his trades transparently anymore so we dont know how hes doing (although given his short of HMNY n the $13s, which is now in the $9s, Id guesstimate pretty damn well) and Im certainly out because I prioritize teaching over trading profitsas I posted HERE, explaining why instead of trying to manage more money and charge ridiculous management fees like everyone else on Wall Street, I went back to trading with just $12,415 this year (which has now grown to roughly $50,000 in 5 months).**
And, come to think of it, were ALL of the running for worlds best out since weve each only made $3, $4, $5-10 million** and in the grand scheme of Wall Street, thats peanuts, the top traders working for billion dollar hedge funds LITERALLY make that in a day or two!
That right I said itwhile many people all over the world look up to/worship these millionaires I mentioned, and Im not saying Im not grateful for every single penny Ive earned, its important to understand that were ALL niche traders who, while weve had much success, make 1/100th or even 1/1000th of the money the worlds top traders make.
Of course, the worlds top traders also utilize tons of leverage on top of having hundreds of millions or billions of dollars to play with so their % gains are much less than ours, and remember, its not even their own money that theyre trading with, its usually a big banks money or hedge fund investors money, so the traders only get to keep a small portion of any profits they make, but needless to say, EVERY trader onProfitly, and any other social media network for that matter, is a mere guppie compared to the real top traders on Wall Street.
Now, before you think Im ripping on myself or anyone else that Ive mentioned, Im not. I couldnt be prouder of my top millionaire trading challenge students and every other self-made millionaire trader out there, and at least thanks toProfitly, theres a platform that allows for full transparency, unlike the FAR too many traders who claim to be successful and experts, but dont post their ENTIRE track record publicly so you literally have no idea if theyre up or down a few million dollars (its very easy to sound convincing in the stock market, look at all the schmucks who do it daily in Manhattan, on CNBC, in the Wall Street Journal and on Twitter, with their expensive suits, ties, shoes and secretive cocaine addictions, second families and mistresses galore (oh yeah, I loved in NYC for several years, you wouldnt believe half the shit Ive seenBillions on Showtime is non-fiction) and the social media liars who only post a screenshot of a big win here or there or who rationalize I dont need to post a track record, I show trades live in webinars)
ANYONE can look good for a day, week, month or even a few years, but to be a truly successful trader you must learn to profit in both bull AND bear markets and the reality is that most social media traders havent seen what happens in bear markets (I pray every day for one to come soon and wipe out all these over-confident newbies!)
But I write this post to remind you of the great big financial world out there to keep everything in perspective. Truthfully, being the best trader means little when youre trying to learn.
The top earning traders strategies REQUIRE vast amounts of capital, mathematical skills, leverage, brokerage connections, informational connections, blah blah blah, stuff that average people have NO chance at getting and no business even getting into!
In fact, many of the best traders I know are the weirdest and most annoying people youve ever met, myself included, and I wouldnt want to learn from them even if you paid meespecially since the type of knowledge that brings in the truly big money hurts my head when I try to think about all those algorithms and high-frequency trading where 1/3 of a second is an eternity in determining whether you have a big profit or loss.
Instead of focusing on wanting to be the best stock trader in the world, or wanting to learn from the best traders in the world, focus on doing something that 90%+ of traders cannot and dont do: being consistently profitable.
It doesnt happen overnight, even my top trading challenge Tim G. said it took him roughly 3 months of study and 6 months of testing out trading strategies before he began to profit consistently** so have patience and dont expect too much too soon.
And its not always about who makes the most money, the several billionaires that I know and have hung out with are hardly even human anymore since they have TOO much money and that has screwed them up for lifeseriously.
Everyone think they want to be a billionaire and yetas Ive proven, you can live an incredible life with just a few million dollarsso set your sights lower, thats why I call my teaching for my most dedicated students the millionaire trading challenge, not billionaire challenge!
And while Ive definitely gone through times of being too cocky/egotistical thanks to all my success, Ive simmered down now in my 30s and, like my stock trading strategy, I want you to take the meat of the move when it comes to tradingnot focusing on arcane strategies that will take you a lifetime to try to understand and execute (unless youre a rocket scientist or Ivy League PhD, then by all means go for itbut then again, why are you reading my blog if youre a true brainiac, my strategy is for average people so leave us plebs alone you geniuses out there!)focus on the low-hanging fruit, easier stock trades, even gimmies like these that can result in small gains over timeand add up trades as you continue to grow.
Let Me Walk You Step-by-Step Through How I Earn Profits.
143%in 2017237%in 2016180%in 2015174%in 201466%in 201338%in 201254%in 201157%in 2010
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Im a 29 year old single mother of two. Ido not have a regular 9 to 5. Iam currently day trading as aliving. Prior to discovering Timothy Sykes Iplayed around with a couple other mentors and penny pick sites. Sadly not being taught the basic fundamentals Ilost $5500-Terrible! Ifound Tims website in May and now Im up 50k learning from Tim Sykes. Iam extremely grateful for Tim, he is the truth hands down!
As many of you already know I grew up in a middle class family and didnt have many luxuries. But through trading I was able to change my circumstances –not just for me — but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!
Which is why Ive launched myTrading Challenge. Im extremely determined to create a millionaire trader out of one my students and hopefully it will be you.
So when you get a chancemake sure you check it out.
PS: Dont forget to check out my freePenny Stock Guide, it will teach you everything you need to know about trading. 🙂
Respect!!!You are honest direct and great person,Tim! Not long time ago I came across your youtube sessions and I thought why I can not do it???I live in Canada have 2jobs running like crazy horse and never have money and I am not young anymoreI will study and I will try canadian pennystock for the beginning
Thank you to proving me that ordinary people can do it too and it is possible
Awesome! Your posts are always honest and very insightful on how you think. Thanks for all your hard work ?
Stock Trading has soared in popularity, and there are good reasons behind it.
I all ways have a ear open to what you saying Tim :)Trades come and go and Market sentiment changes. What interest me the most is the psychology
I became a self-made millionaire by the age of 21, trading thousands of Penny Stocks – yep you read that right, penny stocks. You may have heard …Read more
** 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..
Millionaire Media 80 S.W. 8th Street Suite 2000 Miami, Florida 33130 United States (203) 980-1361 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.