A companion podcast to the Tim Sykes Challenge.
For more information, go to:
https://challenge.sale
In this episode:
Never start hero worshipping a trader
Stand on your own two damn feet, learn to follow your own trade plans based on your own experience
Learn a pattern, master it, burn it into your heart, get it tattooed on your arm and just absolutely laser focus on it - could be dip and rip, morning panic, first green day, but for goodness sakes just pick one
Stop following lots of people on social media, stop all social media in fact, just stop following trader people
Buy every book you can find on rational thinking
Watch every video you can find about Charlie Munger talking about investing and rational thinking
A companion podcast for the Tim Sykes Challenge.
For more information, go to:
https://challenge.sale
In today's episode:
Do ordinary things for an extraordinary amount of time
The routine can be as simple as, every time I sit in front of the computer to trade, this is what I do - I open the scanning tool, I look at the top movers, I draw my levels, etc
The more complicated the routine, the less likely that you will follow it
You gotta log your trades, not journaling, logging
A companion podcast to the Tim Sykes Challenge.
For more information, go here:
https://challenge.sale
In this episode, we'll talk about:
Get a proven, set system and routine in place
Get your shit together
Get all the toxins out of your life
Make sure you are at your best
Absolutely 100% have a checklist and a plan for your trading (example)
A companion podcast to the Tim Sykes Challenge.
For more information, go to:
https://challenge.sale
In this episode, we'll cover:
How to cut those losses
Before you can learn to win, you have to learn how to not lose
Trade at times of the day that most people don’t think about
You have to learn how to lose gracefully and quickly
Survival is the name of the game
You absolutely have to want it bad enough to close those losses
Why traders do not close losing trades - because they do not realize how fast they get it back
The psychological cost of holding losing trades
A companion podcast to the Tim Sykes Millionaire Challenge.
For more information, go here:
https://challenge.sale