5 Reasons New Traders Lose Money (Mistakes to AVOID)

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  • เผยแพร่เมื่อ 8 พ.ย. 2024

ความคิดเห็น • 59

  • @TimothySykesTrader
    @TimothySykesTrader  2 ปีที่แล้ว +3

    Drop a comment and say, “I will invest in my education and build my foundation of knowledge.”

  • @randycholach8571
    @randycholach8571 2 ปีที่แล้ว +2

    Trade small and study lots. Building that knowledge foundation. Tkx. For all the lessons.

  • @chunk33426
    @chunk33426 2 ปีที่แล้ว +1

    Recently joined, just had LLC call yesterday, Great 5 points, Excited to learn

  • @matthewthomas8155
    @matthewthomas8155 2 ปีที่แล้ว +3

    Cutting losses quickly. Lost so much money by not doing this. 3 years down the line and i've now learnt this. Wish i had of discovered you Timothy before i started. I appreciate your teaching and you seem to genuinely want to help people win and prosper. The Lord bless you Timothy Sykes.

  • @GLOBALBL
    @GLOBALBL 2 ปีที่แล้ว +3

    Tim skye's is really trying,,
    Ve never seen such competent & meticulous trader, jst wanna let you know that "your never giving up attitude to ensure traders get better"🥺 is an inspiration to the younger traders out there,💝

  • @SoundHumility
    @SoundHumility 2 ปีที่แล้ว +5

    Thank you Tim appreciate the video I'm a month old Trader.... have Traded before years back lost money and gave up but doing more research and learning from traders like you and Karen Foo I've been alot wiser... started with £200pounds. I know it's a learning amount I'm glad I haven't blown it all yet thanks to your videos

  • @anthonyponi3953
    @anthonyponi3953 2 ปีที่แล้ว +2

    I’m always trying to increase my knowledge. I’ll never stop learning as long as I can. ✊

  • @brentlivingstone4329
    @brentlivingstone4329 2 ปีที่แล้ว +2

    Thanks for the lesson Tim. Your TH-cam vids always get me fired up to study. I'm gonna use this slow market to learn, refine my strategy, and study the past.

  • @carolegrenier
    @carolegrenier 2 ปีที่แล้ว +2

    I was a challenge student and I was successful. But after a certain time, I forgot to cut my losses quickly. I learned the lesson the hard way. I am back on track now and I will continue to educate myself and build more solid my foundation. Thank you.

  • @kbase1191
    @kbase1191 2 ปีที่แล้ว +2

    100% true. The stock market is a battlefield every single day. Thank you for the video and the student challenge. I am obsessed and have been since the day I signed up for your challenge.

  • @franpetrillo6771
    @franpetrillo6771 2 ปีที่แล้ว +1

    Thanks Tim I will invest in my education and build my foundation of knowledge! So excited

  • @Jack-xl4iy
    @Jack-xl4iy 2 ปีที่แล้ว +2

    Thank you for the tips, you are great

  • @match219
    @match219 2 ปีที่แล้ว +2

    I will invest in my education and build my foundation and knowledge. This is a marathon not a sprint

  • @israelquito3072
    @israelquito3072 2 ปีที่แล้ว +2

    THANKS FOR THE LESSONS TIMOTHY!!👍👍👍👍

  • @octaviews
    @octaviews 2 ปีที่แล้ว +1

    Absolutely the main reason is taking advice from TH-camrs. You will just be chasing FOMO and panic buying/selling yourself out

  • @janetvasquez610
    @janetvasquez610 ปีที่แล้ว +1

    He is real and he is right !! I can honestly tell
    You !! I’m joining this challenge ! I’m doing this !!

  • @cydlambrosbreland3545
    @cydlambrosbreland3545 2 ปีที่แล้ว +2

    I will invest in my education and build my foundation of knowledge!

  • @kirkbrown450
    @kirkbrown450 2 ปีที่แล้ว +1

    I will be meticulous and cut losses quickly. Thank you Tim for your videos.

  • @MaysField
    @MaysField 2 ปีที่แล้ว +1

    Five Reasons of failure:
    1. Lazy, follow alerts, no research
    2. No trading plan
    3. Want money right away, not focusing on the process
    4. Not make trading work for you. Not remembering why you are trading and/or what you need to do to achieve success
    5. Not learning from other transparent and successful traders

  • @jovaniperez1443
    @jovaniperez1443 2 ปีที่แล้ว +2

    Watching And Analyzing!

  • @kirkbrown2402
    @kirkbrown2402 2 ปีที่แล้ว +1

    I will invest in my education and build on my foundation of knowledge. Thanks Tim.

  • @alexishernan4289
    @alexishernan4289 2 ปีที่แล้ว +1

    Also your forgetting some things Tim
    Emotion and greed is our worst enemies
    And second I been unlucky a few times by the news and the stock goes in the opposite direction
    Lucky for me I had a practice account

  • @orenmadrigal2638
    @orenmadrigal2638 2 ปีที่แล้ว +1

    I Will invest in my education and build my foundation of knowledge! Thank you so much Tim you are the man! I am one of your Challenge students joined about a month ago, am learning so much ,I started trading full time a year ago but prior to that I made and lost $250k in the bubble market of 2020/2021...so you are absolutely right about what happens when you lack the proper foundation and poor risk management...I still struggle to this day repeating the same mistakes over and over, because of the bad trading habits I learned in 20/21...

  • @iag9964
    @iag9964 2 ปีที่แล้ว +2

    Very helpful

  • @patmcintyre8421
    @patmcintyre8421 2 ปีที่แล้ว

    I tried ordering your book + the package but (We are unable to ship your order!) ! Is it because I'm not in USA or you are sold out?

  • @Jim-lu9pw
    @Jim-lu9pw ปีที่แล้ว +1

    I'm watching every video I can. I want to get better and get educated and this is a start. I am not lazy, so I will get educated and get better. It will just take time.

  • @Dr23rippa
    @Dr23rippa 2 ปีที่แล้ว

    7:28 so is this a shorting market now?

  • @raymelgonzalezjr.5278
    @raymelgonzalezjr.5278 2 ปีที่แล้ว +2

    Success takes time massive time and if u don’t have that patience to build a profitable system well I have to tell you that you are in the wrong business

  • @concretesub8253
    @concretesub8253 2 ปีที่แล้ว +2

    By plan,you mean that i should make a plan on how to trade and stick to that?

  • @johnsaunders4577
    @johnsaunders4577 2 ปีที่แล้ว +2

    Make the challenge MUCH MUCH cheaper Tim..C'mon

    • @TimothySykesTrader
      @TimothySykesTrader  2 ปีที่แล้ว +2

      LOL on the contrary, we've raised prices 3x to weed out the non-dedicated and those who don't truly value their education...save up and commit if you want to be part of my elite group

    • @johnsaunders4577
      @johnsaunders4577 2 ปีที่แล้ว

      @@TimothySykesTrader Stop it .You would get more signs up if the price was better,therby making more money overall. Love ur stuff man but...............

    • @TimothySykesTrader
      @TimothySykesTrader  2 ปีที่แล้ว +2

      @@johnsaunders4577 not looking for more signups, quality over quantity in students these days

    • @johnsaunders4577
      @johnsaunders4577 2 ปีที่แล้ว +1

      @@TimothySykesTrader Booooooo

    • @robertgroup761
      @robertgroup761 2 ปีที่แล้ว

      @@TimothySykesTrader Thanks Tim ,I was unfocused today and a little lost. I had lost my account money( not trading, as if yet have not made my first trade) The last two years my family and I have been bullied by big corporation (long story). I find myself living in a strange city ,no longer have our home, back to renting. Loss of career, and blackballed we find ourselves not in so much debt but enough to cripple my dream of being self reliant and comfortable in my financial skin. To be free to follow whatever path I choose not bogged down by the weight of guilt and shame coming from a man not being able to take care of his family the proper way. I apologize, I only meant to tell you thank you for getting me refocused. While I am picking up the pieces trying to keep my family afloat and saving what I can to pay for the Challenge. See I awhile back I was stuck in the study of which trader is full of shit, who can I trust to steer me in the right direction. To many people are out there to make a buck for themselves off of the Blood,Sweat and Tears of others. So I started to become jaded. I couldn't find that Mentor and teacher ! One whose ideals aligned with mine and I just felt that finally yes this guy understands me! So in finishing Tim I would like to ask you that while I am saving money for the Challenge and trading I assume that watching all of your videos and furthering my education and knowledge is the best way to spend my extra time so when that day comes that I can accept your challenge I will have a foundation to start building on . Any tips other than that would be appreciated, I don't want to think that I have the answer because up to this point in my life it hasn't worked. I really feel that I have finally found the right person to help me help my family and I. Do I want to hear that it will take a few years of studying and being patient? Well yes I do! That's going to be what I will build my foundation with that will eventually hold my financial self. So I can be strong and confident in we have accomplished. I will stop rambling on and on. I'm just so damn excited to know that I have a path to take and people that want to help not to rip me off. My name is Robert Russell Group and this is first time that I have sent you an e - mail so of course we haven't met but you will become familiar with my name because I will be excepting your Challenge as soon as possible! Nice to meet you Tim Sykes. Have a great month!