Articles, Blog

Is There a Right Time to Start Trading? (My 2020 Tips)

January 14, 2020


– What’s up, Tim Sykes,
Millionaire Mentor and trader here in Tulum, Mexico. Look at this beautiful area. I’m not just here to enjoy, we actually opened up
10 different libraries with my charity Karmagawa. A great way to end the year, going strong with my co-founder Matt Abad who’s out enjoying himself right now. But I just wanna thank all of you. And I’m here for you in
so many different ways. I don’t know if you realizes this, but I’m not just a stock trader. I’m not just a traveler, I don’t just build schools. I’m a teacher too. I’m here to answer all of your questions. So DM me, hit me up with
any questions you have about finance, trading,
traveling, charities, sushi, these are the things I know about. And a lot of people ask me, like oh I wanna get
involved in the stock market maybe one day after I graduate college, or maybe after I don’t have
this job that I hate anymore. You have to start studying now, okay. The stock market, which
has changed my life, and now it’s changed several
of my top students’ lives. You know I have five millionaire students and dozens of students who
are earning six figures. It takes time to master. And we’re all slightly different. You know I have several
successful students but they don’t even need me anymore, they became self sufficient, they found which of my patterns worked and then they kind of altered them. They kind of made them
work better for themselves based on their own personality, their schedule. Some people like holding
stocks for a few minutes, some like a few hours, some like a few days or weeks. You can really tailor the stock market and finance to you and your schedule and your personality. And your strengths and weaknesses. And in order to find that, in order to fine tune everything, you have to kind of treat this like one
big science experiment. And I know people are like what, the stock market isn’t
a science experiment, just invest in good companies. Yeah, that might make you a millionaire like 30, 50, 100 years from now. And then when you get that
rich you can buy yourself a titanium hip because
you’re gonna be so old you’re gonna need hip replacement surgery. I want you to get richer sooner. And it’s not gonna
happen overnight, right? There’s no truly hot sector right now. Like Bitcoin isn’t that hot, weed stocks aren’t that hot. Biotech is heating up though. But long story short, if you ask me, and this is like the
number one question I get, like how do I get started, when should I get started? Get started now. Start tinkering, trying
different strategies. Whether you like day trading, whether you like investing
in the long term, whether you just like saving Money and you don’t like trading at all. You don’t have to be a stock trader or an investor. Just start thinking about finance now. If there’s one thing I can teach you, hopefully I can influence
you in any way whatsoever, start thinking about money, ’cause I know it’s complicated. I know math isn’t fun. I know it’s not fun, like
if you don’t have a lot of, have a lot of money and you’re just like eh this, ah I don’t wanna think about it. Trust me, do it, okay. I got started with just
a few thousand dollars. My top student started with just $1500. He’s now closing in on nine million so he’s made nearly double what
I’ve made in half the time. But I’m also traveling, I’m trading with a small account. I donate all my trading
profits to charity these days. So we have different goals. I used to think I was gonna try to manage like a billion dollar hedge fund. I had a hedge fund with a few million, I sucked at it. I wasn’t very good. I’m better at trading a small account and growing that. And I’m better frankly at teaching. So I think you have to be honest with yourself about your
current financial situation, what your goals are, what you want out of the stock market, what you want out of life. Because no matter what
you want out of life, we need money. Okay, unless you’re born
with a lot of money, and then your head’s probably screwed up like a lot of trust fund babies. I feel for you guys. Just lower your anti-depressants. Don’t drink so much. Just figure it out. Get like a therapist or something. But if you’re not born with
a silver spoon in your mouth, if you’re born with nothing or very little money, you have to figure out how
can you grow your net worth? How can you grow your savings? And it starts with you starting today, figuring out what can
you invest some money in? Even if you just start with like $50 invested in Apple or Google, that’s fine. I don’t think that’s the best
way to make a lot of money, but at least it gets you started thinking about finance, thinking about how can you
increase your net wealth? How can you increase your accounts and your worth over time so that you can have your
money working for you. Not that you have to
work for somebody else with a boss that you hate, at a job that you that, or you spend like a decade in school and you get some crappy job, and then you’re in student
Loan debt hell forever. I don’t want that. I get so many sad messages
from people, be better. Start today. Start poking around on the internet. Ask questions. Ask me questions. Start looking at thousands
of video lessons, right? I have a thousand plus free
video lessons on YouTube. It doesn’t matter where you start because it’s not gonna be a
fun process in the beginning. It’s not gonna be exciting. But over time, if you put
in let’s say an hour a day, or even an hour a week into learning about finance and learning
about different investments and becoming self sufficient, not giving into these BS schemes. Binary options are a joke. 4X is a joke. I know a lot of people think penny stocks are a joke, but frankly if you watch
my thousand video lessons you’ll see that there are
some very predictable patterns that go on because most people who trade penny stocks (beep) morons. So for me I’m competing
against (beep) morons and that’s why I win more. It’s like competing against
a midget in basketball, I’m just blocking the midget every day. But that’s another story. You don’t necessarily have
to trade penny stocks. But just start thinking about finance, start thinking about how
you can have your money, whatever money, whether it’s $50 or $500 or $500,000 work for you. Because the more time your
alive your money should be adding up over time. And whether it’s two years,
five years, 10 years, 20 years from now, if you start planning and you start really
learning about this stuff, and harnessing enough knowledge to grow your account, and you have two accounts by the way. One more analogy before I go. You have a monetary account which is like how much
you have in your account, and you have a knowledge account. You need to start filling
up your knowledge account, getting all that knowledge, and eventually it’s gonna tip over into your monetary account. I use that analogy with
my students all the time, they love it. That’s what it comes down to. You’re not gonna make a lot of money if you don’t have a lot of knowledge. And if you do make a lot of money without a lot of knowledge you’re probably gonna lose it, like most Bitcoin people did. I’m sorry, the world
isn’t changing that fast. Maybe Bitcoin will do well in the next few years and decades, but literally every sketchy person that I know deals in Bitcoin. Do you really wanna be
that sketchy person? No, come on, be better, use normal Money. At least for now, maybe in
the future I could be wrong. But at least just start learning, start growing your knowledge account, start studying, see what you like, see what you don’t like, maybe you are a sketchy person. Maybe you’re a drug dealer and you love Bitcoin, God bless you, just stop dealing dope to kids, it’s not a future man, come on. I gotta be real with you, okay, that’s what I’m trying to be here. You’re not gonna get rich overnight, but you can start studying overnight. That is step number one. So, again, DM me, hit me
up with any questions, start Googling around about
different financial videos. Start laughing at all the
scams that are out there. Start thinking about how you can become self sufficient over time. And, again, in a few years, a few decades from now, you’re gonna thank me
that you got started today instead of waiting till later. Hey, Tim Sykes, Millionaire
Mentor and Trader, thank you for watching my videos. I hope that they help you. I wanna share everything that
I’ve learned over the years. You can check out more
videos right over there. And also click subscribe
so that you can watch all of these videos, get that knowledge and become my next millionaire student.

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52 Comments

  • Reply Omar January 12, 2020 at 5:02 pm

    Signed up to pennystocking silver plan and cant wait to learn the ways to be a profitable self sufficient trader

  • Reply David Smith January 12, 2020 at 5:13 pm

    Had my call Tim.. hitting the ground running after pushing out some content for the old payola!!!

  • Reply Adam Seidling January 12, 2020 at 5:18 pm

    I'm curious whose a reliable source when reading up on different stocks especially when I can't find any news or anything telling me about a particular stock

  • Reply Anton Wilson January 12, 2020 at 5:22 pm

    You're welcome Tim! And THANK YOU!! People don't understand how many jewels you drop!!! And how much you really don't have to do any of this. Lessons are much appreciated. Shout-out the whole team you guys are awesome 😎💯🐐🐐

  • Reply ISRAEL QUITO January 12, 2020 at 5:26 pm

    GREETINGS TIMOTHY!!👍👍👍👍

  • Reply Joseph Whitaker January 12, 2020 at 5:31 pm

    How can we find out the total cost of starting out. By 'total' I mean not just the size of the account, but all the other costs and rents aswell. And also any added costs for trading from the UK? Once I've covered costs of software, brokering, chatrooms, tutoring etc, itd be good to know what's left for the account. That's my present headache.

  • Reply Ray Paradise January 12, 2020 at 5:32 pm

    amaizing wiew 😀

  • Reply Onisiforos Alexandrou January 12, 2020 at 5:32 pm

    If you haven't born with a silver spoon in your mouth, then you need to start learning about money…

  • Reply Stuart Carter January 12, 2020 at 5:35 pm

    What a knob jockey

  • Reply The Entrepreneur Channel January 12, 2020 at 5:38 pm

    Where are you lol it’s beautiful 🔥🔥🔥

  • Reply Kofi AFunya January 12, 2020 at 5:41 pm

    Hi Tim, ur videos are an addiction for me currently.
    My motivation for stocks is my debt I business and a liberating feeling that I can turn this around
    I like your videos lessons 1-7 (the very fundamentals). Can I trade using STT from west Africa? And if I can how do I put money STT SYSTEM to trade with.

  • Reply Kofi AFunya January 12, 2020 at 5:43 pm

    Hello Tim, also is what you promise on London real true? I mean the weekend trades

  • Reply Steve Fernando January 12, 2020 at 5:49 pm

    Hi Tim, is it possible trading US penny stocks from China mainland ? And by the way, do stock to trade has a good connection in here? Just tryna switch to penny stock from FOREX

  • Reply rooster4450able January 12, 2020 at 6:10 pm

    Do you have a dividend portfolio Tim?

  • Reply T January 12, 2020 at 6:29 pm

    Thanks Tim!

  • Reply Lee .H January 12, 2020 at 6:29 pm

    Hey tim happy new year my man..
    Quick question,, if your just starting out should you start out your trading account in the states or a off shore account?

  • Reply Timothy Sykes January 12, 2020 at 6:38 pm

    What will you do TODAY to work toward your financial goals?

  • Reply Omar Elias January 12, 2020 at 6:38 pm

    I understand, I am curious about how likely it is that stocks whom get upgrades to NASDAQ or NYES will usually rise up because of it's upgrade? Also how often do you believe news about stock splits and what noise to trust?

  • Reply Omar Elias January 12, 2020 at 6:39 pm

    God bless you and God bless America!

  • Reply A Gray January 12, 2020 at 6:41 pm

    I appreciate you Mr. Sykes. Your transparency, experience, and all these free tidbits. Hopefully soon I can join your student trading challenge and dig deeper. I'm sure it will be a great investment. Thanks for staying current and interactive with the folks that follow you but are not yet students.Youre helping my goals. ✌️❤️

  • Reply A Gray January 12, 2020 at 6:51 pm

    When will you have your next summit? Is that event open to people who are not yet students? I saw a little advertisement somewhere, but dunnon what happened to it. Where can I research the content to determine if it's something i would benefit from?

  • Reply Morgan's World January 12, 2020 at 6:52 pm

    I just watched you on season 1 of warrior traders show you were sooo funny lol could have been better than Adam Sandler lol love your trading👍 Give your mom a hug ✌️ brother. I've saved up enough to daytrade six months ago. Drew down 1400 now second green week with new strategy. Only down -700 now and have watched many free vids for pointers along with other YouTubers. Thank you again if your ever in Oregon hit me up on my channel. Happy trading 👍

  • Reply podak10 January 12, 2020 at 8:20 pm

    Great video, i’m going to join pennystocking silver next month when i get back from vacation.

  • Reply Sds518 January 12, 2020 at 9:02 pm

    as a Trap Veteran I giggled at the dealer joke lmao

  • Reply olivier 4.2 January 12, 2020 at 9:41 pm

    Volume too low, couldn't hear.

  • Reply TayTay Sunkiss January 12, 2020 at 9:58 pm

    That “bleep” sound almost ate my eardrums😫

  • Reply Love Liberty January 12, 2020 at 10:26 pm

    For the starter: ( did tons of study)
    1. Do I look for high percentage stocks only? Or even if 2-3% return potential tickers?
    2. Your check list is no where to be found although the in the past 6 months I watched it but want to watch it again. Where can I find it?

    Thanks Tim

  • Reply Juan sexy cute January 12, 2020 at 11:07 pm

    holy moly, look at that view

  • Reply Mary Beth January 12, 2020 at 11:30 pm

    When you say, FGD/FRD what is the time frame? First time ever? For the week? For the month? Ty

  • Reply foley2k2 January 13, 2020 at 12:23 am

    One way to ease into it: try starting with $100. Each time you make the account gain 50% on the year, deposit the current balance. It doesn't matter what you start with. If you don't turn a profit with a small account, you're not going to grow a larger one.

  • Reply Barell Gibbs January 13, 2020 at 12:38 am

    My guy 🤔Dropping 💎

  • Reply First Name Last January 13, 2020 at 1:33 am

    Tim describing how his students don't need him anymore is like every parents children leaving after highschool lol! Tim prepared them for the life ahead.

  • Reply David Smith January 13, 2020 at 2:01 am

    Hi Tim, What to do think of the Human trials they are going to start with the artificial Kidneys in San Francisco at UCSF???

  • Reply Ray Jay January 13, 2020 at 3:26 am

    Fuck ya Tim I heard your coming to Vancouver on 19th and 20th can t wait to meet u and Tim Getting a selfie lol. im going to study over 10 hours A DAY when I get the program and prove to these fucken haters wrong….

  • Reply Lost Science January 13, 2020 at 4:25 am

    Tim want to thank you! I am starting to make money trading now! It has change my life!

  • Reply Lost Science January 13, 2020 at 4:26 am

    Penny stock is little harder than regular stocks! Yes it still possible to make money trading them!

  • Reply HiaaaFullpower January 13, 2020 at 4:39 am

    Nice getting rid of those cars when the price was better, masking it as the right thing to do for the environment. Hahaha 😉

  • Reply FvmousLuis January 13, 2020 at 5:00 am

    I am 14 yrs old and already inspired from your work and always feel motivated when watching your videos ! Keep it up !😀

  • Reply Trading Protips January 13, 2020 at 5:41 am

    Ahhhhh… the infamous basketball midget analogy. Those who watch all of Tim's videos have heard this 100 times. It's hilarious.

  • Reply Shany G January 13, 2020 at 6:33 am

    Hate bosses! Let money works for you!! Investing, dividend growth, trading.

  • Reply Christopher Longstreet January 13, 2020 at 10:36 am

    You're Awesome!

  • Reply Isaac January 13, 2020 at 11:02 am

    Been studying your "How to Make Millions" DVD, Tim… There is SO much great content on it! Gonna' continue to devote as much time as I possibly can to studying.
    I WILL BE A MULTI-MILLIONAIRE
    Thanks so much for all you do, you're an awesome teacher and it's phenomenal how you're trying to help people, animals, etc. all around the world with your charities, organizations, etc. Keep it up!

  • Reply Island Boy January 13, 2020 at 12:28 pm

    Matt Abad? Sounds like my Afgan room mate back in 97.

  • Reply Josh Feliciano January 13, 2020 at 2:09 pm

    Hey what's the best way to DM you? I have a few basic questions I'd love to pick your brain about.

  • Reply Brandon Wooten January 13, 2020 at 6:09 pm

    Thank you sir

  • Reply Sadiq Mohamed Hussein January 13, 2020 at 7:58 pm

    Timothy hope you are well.
    I want to ask you about options? what is your idea about it? is it profitable like the stock market or it is just risky gambling?

  • Reply Dividend Income January 13, 2020 at 11:23 pm

    Check out Invitae, ticker symbol (NVTA) this company is going to grow fast

  • Reply Chevon Grant January 14, 2020 at 12:15 am

    Don't sell drugs. – Tim Sykes

  • Reply doody fly January 14, 2020 at 4:07 am

    Thanks Tim, I do study Trading as a science experiment.

  • Reply doody fly January 14, 2020 at 4:13 am

    Don’t waste your time working for stupid ppl who feel jealous of your success.. believe me.. it’s not worth it.

  • Reply Nikhil Smith January 14, 2020 at 5:09 am

    your interseting -its dense

  • Reply Jeanpaul Towers January 14, 2020 at 11:18 am

    Thanks Tim!

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