You may have heard “Timothy Sykes” being talked about in social media, or in your Google search. Who is he, really? What has he done, and why is he popular? Read the full review here.
When it comes to the online trading world, Timothy Skyes is probably one of the most popular in the industry. His name would pop up during a couple of your research. Tim certainly is aware on how he can capture attention! He posts photos of his luxurious lifestyle, and even makes use of different marketing strategies, some of which are controversial for some. This article talks about the different types of lessons you are about get from Tim’s courses, as well as the quality of lessons he provides. We’ll also talk about who these lessons are for.
To begin with, and just a little bit of introduction, Tim has been doing this for a very long time. His achievements and some pretty witty marketing strategies allowed him to reach to a wider range of audience.
He said that he has developed the strategy the hard way for more than 14 years – and now, he’s sharing this with everyone who’s willing to learn so that they don’t have to go through the same long years filled with blood, sweat and tears! As mentioned in his sales page, he said that he’ll show you what and when exactly to do it. By the age of 21, he became a millionaire, not by trading forex stocks, but by trading “Penny Stocks”! He was even featured in Wall Street Warriors, a popular reality TV show.
In general, he’s pretty much open about what he is doing, and he even mentioned that he likes playing the role of a rich “d****e bag”.
Timothy Sykes Lessons
Okay, so enough with the introduction, here are some of the lessons that you can expect, and some of his tips from the lessons / courses Timothy Sykes is selling. The first thing that you need to do, which is probably you’ve read it somewhere and is being taught elsewhere, is that you need to cut loss – pronto! This is because losses are losses – no matter how little you think you’re losing, it may turn your $1000 account into a $0 account just because you’re holding on and hoping that it’ll eventually go up. The moment that you give up on that hope, you can live and trade and another day.
Another thing that you have to take into consideration is to define your risk to reward. Tim believes that before someone enters a trade, one should always focus on the potential loses. Focus on that before you focus on whatever you may gain.
He mentioned that most traders who are new in the industry are more focused on getting the big bucks as quickly as they could – which is the number one mistake that they make. Instead of going for the big bucks fast, work consistently on your trades – you’ll eventually get there to your goals. It may take a little bit longer, but you’ll definitely get there.
Another important thing that one should consider when in the trading industry is never to trade with emotions. Whether you’re going up or down, don’t let your emotions get in the way. Doing this will allow you to trade with peace – being disconnected with your emotions make it easy for you to make your next trade, allowing your mind to be clear and helping you to make better ones. Remember, you’re not trading just because you’re looking for the thrill and for the affirmation that you’re right.
I can’t tell you how important it is to have friends that are traders. It will make your trading so much easier in the long run. Another thing to consider when entering the online trade industry is that you should have friends who are into trading as well. Friends that will tell you why you’ve done it wrong, and how you can improve what you’re doing. Stick wth those people, especially when they have made inputs that have helped you grow as a trader.
How about schedules? Is trading perfect for everyone? Tim mentioned that you cannot just fit trading to whatever schedule you have. If you know that you won’t be available and will be away for quite some time from the computer, better exit all positions in advance. This will prevent losses, since you won’t be able to monitor your trades.
Some people think that the lessons that Timothy Sykes give are somewhat risky, some do not agree with him at all, but who cares? His lifestyle and where he is right now is just enough proof that what he does is working – it’s now up to you as to whether to follow his (or at least some) of his lessons. You’ll find some pretty good courses that have an in-depth explanation on the exact methods he use.