Many People ask me how my trading challenge works. Well, it’s pretty simple if you take notes and pay attention to this post you’ll find out how to attain the necessary skills to be a successful trader.
1. Make a commitment. Before you can attain stock market success, you have to start by committing to the program. Truthfully, I’m not necessarily interested in just any students. I want motivated students who are going to be able to put in the work necessary to find success…not just work for a few days or weeks or even months…we’re talking about life-changing rewards here so you have to commit a lot fo your life to making it a reality.
I designed this program based on my own experiences gaining wealth, and the intent is to help others attain lasting success, too. But this can’t happen without a strong commitment on the student’s part. So think about it long and hard before you sign up: are you ready for the challenge, and potential rewards, of a lifetime?
2. Have an idea of what you want. A good indicator that a student will be successful in my challenge is that they know why they want the success.
As a fantasy, the idea of having tons of cash on hand is fun. But this vague “wouldn’t that be nice” sort of dream is not going to keep you motivated for the long haul.
To become not only a millionaire but a longtime millionaire, you need to constantly have goals to work toward. In the beginning, this might be something as simple as paying off credit card debt or paying your kid’s private school tuition. But your goals need to constantly evolve to meet you where you are in your trading. Knowing what you want gives you something to work toward.
3. Read success stories. If you need inspiration, look no further than reading the stories of others who managed to create long term success with my Millionaire Challenge. Reading about the experiences of my million-topping students like Tim Grittani can really inspire you to visualize and define your own ideas of success.
Reading about newer students can be helpful too, in giving you a look at the experience and challenges of the trading process early on. Reading carefully through testimonials and lessons from students in the Tim Sykes millionaire challenge team can help you learn things before you even start.
4. Learn the ropes. I know that you want to be successful the right away, but you need to be a little bit patient. Give yourself the space and time to learn the ropes of trading. Don’t get so caught up in the future that you neglect to master the basics. You need to create a very strong foundation as a trader if you want to gain long term success. Allow yourself the time and space to build it…read this blog post on the patience that is required to making this work.
If you don’t take the time to learn how to trade penny stocks before you jump in, you will likely make more mistakes and lose money. Don’t rush things so much that you neglect this important step.
5. Get trading. Ultimately, trading is what you’ll need to do to attain success with my millionaire trading challenge. Your period of watchful waiting and studying may be weeks or even months, but eventually, you’re doing to need to dive in…even if you start small, which I recommend just to test the waters at first and get comfortable with trading these volatile penny stocks.
You can even start with paper-trading here and not risk any real money while you learn, although that’s not going to offer you a full education so it’s only for the most timid…still, it’s a step in the right direction
Learning the rules and the ways of the market is important, but ultimately, it’s trading that is going to be your biggest teacher. You’ll learn a lot of what to do and what not to do by trading. To a certain degree, this is because trading is unique to every person. What works for one person might not necessarily work for another. Only by practicing will you learn this, and gain the ability to improve.
6. Keep seeking guidance. Mentorship is one of the biggest assets of my millionaire trading challenge. Having a mentor is an invaluable resource for getting ahead in business. In the case of the challenge, I act as a mentor/teacher by sharing my experience as a trader and my top millionaire trading challenge students also help upcoming students too, it’s a VERY nice little circle. You’ll learn from what we all did right to earn our wealth. But, more importantly, you’ll also learn from our mistakes, so that you can avoid making mistakes.
Keep seeking the guidance of a mentor throughout your career, not just in the beginning. It will help you advance faster and more confidently, and it will keep you on your toes. Always be open to guidance, and always seek out guidance, no matter how far along you are in your career.
7. Continue growing, always. You can attain lasting success with my millionaire trading challenge. But to maintain success, you need to make a decision to always keep growing.
As Albert Einstein said, “once you stop learning, you start dying”. It’s true. If you start thinking you know everything, or that you’ve reached the pinnacle of your career, you have no further room for advancement. No matter how much money you’re making or how smart you become, you can always learn more. And the world of trading will always be changing. By continuing to learn, you make yourself adaptable.
8. Stick with it. When you join my millionaire trading challenge, it won’t all be fun and games. Trading can be challenging, mentally and emotionally and it takes a whole lot of time to truly master. But don’t give up. Often, hard times and the mistakes we make can be our biggest teachers in the long run if you stick with it. If you have the resolve to stick with trading through the lows, then you’ll be able to weather the hard times and really enjoy it when things are going well. By being consistent and sticking with it, you’ll improve your chances of becoming successful with my millionaire trading challenge over time and you’ll learn to appreciate the highs AND lows along the way.
Moreover, it’s not my challenge that will make you successful: it’s what you do with the lessons. If you have the right work ethic and resolve, my millionaire trading challenge can help you create the life and career you’ve always dreamed of and desired.
So, are you ready to be a dedicated student? Leave a comment if the answer is yes in the comments below and let’s get to work turning you into my next millionaire trading challenge student!
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