Do you want to fast-track your growth as a trader?
Study the successful habits of other traders and learn from their mistakes.
I wouldn’t be successfully navigating this market if it wasn’t for my mentor, Tim Sykes.
Sure, he’s made millions many times over throughout his career. But what’s more impressive is his longevity — 20+ years in the game and still going strong.
Sykes discovered a framework that he uses to stay safe.
I managed to learn the process after countless hours of studying. And now I’m a millionaire myself.
So while most traders are getting screwed in this market … traders like Sykes and me have been able to ride the wave.
In just a few moments, I’ll reveal how we work to stay ahead and thrive when most traders are struggling.
Change Is Inevitable
The market’s full of ups and downs.
That’s kind of a dad joke, but it’s true. Sometimes stocks are hot, and sometimes they’re slow. Sometimes my favorite pattern works and sometimes it doesn’t.
That’s the nature of this game. You’ve gotta stay nimble and agile. Prepare to capitalize on bullish activity but don’t promise yourself gains.
Becoming a day trader is one of the most psychologically difficult things I’ve ever done. And that’s coming from a guy who played professional soccer.
My Trading Accelerator students and I go over this all the time during live webinars. It’s impossible to talk about trading without mentioning the psychology behind it.
For example, the hot market in 2020 and 2021 required a specific kind of trading mindset…
More stocks were running. It was easier to profit because the market was bouncing back from lockdown lows. But when things slowed down a few months later, many traders got hit hard.
The end of 2021, and so far the beginning of 2022, has been bleak for overall markets. But that doesn’t mean there aren’t plays. It just takes a different mental approach to potentially profit.
How I Stay Committed
Trading lately has been tough for many. So how do I stick with it? It all comes down to my trading style and the process I take to find plays.
I mentioned Sykes created a framework to follow. So far, Sykes has helped more than two dozen students become millioniares. I’m one of them, and we all trade the framework a little differently.
Check out this video I filmed with Sykes a few years ago during my journey to consistent profits.
Bottom line: There is no secret to finding consistent profits. You have to first find your process, then keep refining it to stay afloat. And again, it’s different for everyone.
You might be profiting right now but what happens when the market changes?
Start thinking ahead,
Roland Wolf
Editor, The Wolf’s Den