Expect nothing but prepare for anything.
I often say, “When it comes to penny stocks, expect the worst and you’ll never be disappointed.”
(New to penny stocks? Check out my FREE penny stock guide.)
But it’s a little different when you focus on trading mindset. It’s you vs you. You have to learn, or decide, to expect nothing. No expectations.
Don’t expect a stock to do what you want. Don’t expect there to be trades. The market doesn’t care what you want or expect.
The key is that while you expect nothing, you have to prepare for anything. Then you have to accept whatever happens and adapt. Keep reading for more.
First, here are some important charity updates…
California Wildfires Burn 1.35 Million Acres
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⚠️GRAPHIC CONTENT & NEW FUNDRAISER LINK IN @karmagawa BIO⚠️ We started a new fundraiser where 100% of funds raised will support firefighters, locals and animals affected by the California wildfires that are currently raging out of control. Now 100,000+ people have been evacuated, millions of animals are at risk & 14,000+ firefighters are battling more than 600 blazes for the past week & 1.1 million acres of land have burnt, 3x more land burnt than in ALL of 2019! The LNU Lightning Complex is now the 2nd largest wildfire in California history, burning 341,243 acres & the SCU Lightning Complex is the state’s 3rd largest fire ever with 339,968 acres burnt. The forecast sadly predicts drier weather Sunday evening with erratic wind gusts, which is a firefighters worst nightmare as it could spur dangerous, sudden changes in fire direction so please join us in praying for all the brave #firstresponders and let’s all use our social media platforms for good by sharing this post with your followers and tagging people, influencers, celebrities and news media that need to see this as we MUST get more help for these fire victims! All donations great and small are most appreciated for our new fundraiser to help @calfire firefighters, the thousands of evacuated families & to help pay for the vet bills of the animals that are sadly being burnt but saved by great charities like @ucdavisvetmed @charliesacres @herdandflockanimalsanctuary so let’s work together to help them all NOW! #californiafires #wildfires #savetheanimals #prayforcalifornia #karmagawa
Beginning August 15, 14,000 lightning strikes sparked over 700 wildfires in California. With 1.35 million acres burned so far, the fires have burned an area bigger than the state of Delaware. Better weather the past few days has helped the situation. But there are still hundreds of uncontained wildfires.
Karmagawa’s goal is to raise $300,000. The money will help support firefighters, families, and animals affected by the fires. So far, we’ve raised $16,356. We have a long way to go. Please donate to help those affected by the California wildfires.
I’ll be donating my trading profits from September and that last 10 days of August on top of our wildfire fundraiser. The rest of my August profits are going to Karmagawa’s Beirut and Mauritius fundraisers…
Beirut Explosion Victims Fundraiser Update
Videos of the major explosion in Beirut, Lebanon on August 4 were horrific. Karmagawa set up a fundraiser to help the victims and families affected by the tragedy. So far we’ve raised $365,196. Donate to help victims in Beirut, Lebanon here.
Mauritius Oil Spill Fundraiser Update
Mauritius relies heavily on tourism. The oil spilled from the MV Wakashio is devastating to the natural marine habitat. Karmagawa is donating 100% of funds raised to Eco-Sud, a local charity helping to clean up the lagoon. So far we’ve raised $109,147. Please help clean up the oil spill in Mauritius by donating here.
I’m trying to donate as much as I can. Between the fundraisers, my trading profits, and Karmagawa charity merch, we’ve raised $1.7 million in three months. That’s pretty cool.
TRULY blessed to have found my calling in life even if it’s not AT ALL what I expected when I first started trading in 1998. NEVER would’ve thought that I’d prefer having a student makes $10k in a day than me & that I’d donate 100% of my trading profits to charity…but I do!
— Timothy Sykes (@timothysykes) August 28, 2020
Upcoming Trading Events
My goal is to be the mentor to you that I never had. One of the amazing things about teaching is that as students gain success, they start to evolve. That’s exactly what my newest millionaire student did…
Roland Wolf’s $1K Paydays Summit
To celebrate Roland crossing $1 million, I chartered a jet. On the jet, we explain his strategy. The summit is tonight, August 31. Don’t miss Roland’s revealing how he’s been able to average $1,000 in profits per day in 2020.*
It’s 100% no-cost, so register here: Roland Wolf’s $1K Paydays Summit.
(*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.)
And for those of you who’ve been asking…
Get Ready for the Next Market Mastery 2020 Session
I’m pumped to let you know the next Market Mastery 2020 session is Friday, September 4.
What’s Market Mastery? It’s an all-day live-trading and Q&A session. You can ask questions, watch over my shoulder as I trade, and get a peek into my mindset and process.
But it gets better…
Because for one single investment, you’ll get to join me for 12 all-day trading sessions over the course of a year. That’s right, I do these sessions once a month and you can get a front-row seat when you sign up today.
The Many Benefits of Market Mastery Live Trading Sessions
When you’re learning to trade, there’s nothing as valuable as watching someone trade live. Especially if they explain their process and reasoning. It can give you so much insight.
During the Market Mastery sessions, I answer questions about every aspect of trading.
People ask about rules. (I trade with these rules.) They ask about patterns and lessons. There are questions about how to find the best stocks, when to enter and exit, and position size. I get questions about scaling in or out of trades. It’s non-stop.
So you might think, “Tim, why not just put up an FAQ page and answer all of those questions?”
Because THAT would be a recipe for disaster.
What you have to understand is that every trade is slightly different. It’s not an exact science — it’s more like trying to hit a moving target.
How My Experience Can Speed Up Your Learning Curve
When you spend the day with me, you’ll see how much experience comes into play. I use different patterns and strategies. Everything I’ve learned over 20 years is important.
The nuances of trading take time and experience. There’s no shortcut. But when I trade during the Market Mastery sessions I tell you exactly what I’m thinking. That’s right: you get running commentary on my trades.
Student feedback has been phenomenal…
What Students Are Saying About Market Mastery 2020
3:46 PM goshel → timothysykes: Thanks again for taking your time to do this today Tim, It really has been an awesome experience. Pretty cool that we get virtual 1×1 time with the mastermind behind this niche! […] Have a good weekend everyone!
3:46 PM prophic32 → timothysykes: your lessons def accelerate the learning process. i can say that this is the best course i have invested in in the last 5 years. i can see the potential and appreciate what you do. being blunt is awesome and i value that in a mentor. […] thanks Tim. your awesome.
3:57PM Nikolay98 → timothysykes: Tim, I’ve watched near 5k of your video lessons (#4946), Pennystocking framework; PennyStocking part Deux, HTMM; Trading Checklist; Spikeability; Tim Fundamentals, AND I WILL TELL YOU THAT TODAY WEBINAR WAS ONE OF THE MOST USEFUL THINGS I EVER WATCHED!!! YOU ARE THE MAN AND I AM INFINITE THANKFUL FOR ALL YOUR HARD WORK!!! p.s. you crush with your jokes and insanity, i like it.
3:58 PM blacjjul → timothysykes: I wish I had the webinar like this every day so that I can expedite my learning curve.
That’s only a few of the dozens of positive comments sent to me after every Market Mastery session.
Why I Want You to Join Me for Market Mastery
To put it simply, you get a ton of trading education. I want you to become a self-sufficient trader. That doesn’t happen overnight.
Market Mastery is more than just 12 all-day trading sessions. I’ll also send you one high-conviction trade alert per month and several hours of video training.
After 12 months, you’ll have seen me trade not only for 12 days but likely three to five dozen trades. Note: I won’t EVER trade for the sake of trading. One of my rules is that sometimes the best trade is no trade. Still, over the course of the year, there WILL be plays. And plenty of them.
During the last Market Mastery session, we nailed a trade on Revive Therapeutics Ltd. (OTCPK: RVVTF). It was a nice 20% overnight winner the next day.* See details of my RVVTF first green day trade on July 31 here.
That kind of trade could pay for the cost of Market Mastery many times over. I can’t guarantee you’ll make any money whatsoever. But over the course of the year, you’ll see trades with the potential to cover the cost of Market Mastery 2020 and more.*
Now it’s time for…
Trading Mentor: Questions From Students
Every week I answer a student question or two. I cut through the BS in this industry full of fakes.
Our focus this week is on the idea that you should expect nothing. I often say, expect the worst and you’ll never be disappointed. That applies to the companies, promoters, and the rest of this shady industry. But you could take it one step further…
Expect nothing and accept everything. What do I mean by that?
Check it out…
“On August 25, you had four wins and three losses, but you still made $5,900. Are your losses still examples of trading like a sniper?”
There is the idea of ‘aim small, miss small.’ So you could look at it that way. With every trade, I’m trying to trade like a sniper. The four losses totaled $1,060. Each of the three wins was more than that. One trade I made $4,350.*
Watch this video recapping my trades that day. Also, pay close attention to what I say about Jack Kellogg and Kyle Williams because it’s super important.
How I Cut Losses To Protect, Protect, Protect
The important thing is that I expect nothing. Yes, I want the trade to go my way, but when it doesn’t, I follow rule #1: cut losses quickly.
On that day, I was a little stubborn trying to dip buy the same stock twice. Both times there was no bounce. I probably could’ve done better, but it happens. Again, I expect nothing. That keeps me safe and ready to move on if a trade goes against me.
Which brings me to…
Trading Mindset Lesson of the Week: Expect Nothing
Pay attention — trading mindset is crucial if you plan to stay in the game long term. A lot of traders took August off. Others are asking questions like “When is it gonna slow down?” or “How many trades should I expect?”
Expect nothing. Have NO expectations.
When it comes to penny stocks, expect the worst out of every company. When it comes to trades… expect nothing. Don’t expect to win. Don’t even expect there to be a trade. Be happy when there are no trades because that gives you more time to study and catch up.
Most people aren’t even aware of the patterns.
For example, they don’t know why Jack Kellogg woke up at 7 a.m. on August 25 to reserve shares of LCDX early. (See Jack’s trade here. It was SO good.) Why did he do it? He was prepared. Preparation is key.
If you expect nothing and you’re prepared for anything, trading is a beautiful game. But the unprepared either make nothing or lose. Which is why 90% of traders lose.
Millionaire Mentor Market Wrap
As we head into September, focus on preparation and expect nothing from the market. When there aren’t any trades, study. It’s not rocket science, but you MUST put in the time.
What should you study? If you’re a Trading Challenge student, watch every video lesson, DVD, and webinar. If you’re not yet a Trading Challenge student, apply today.
If you’re not ready for that commitment, we have SO many resources available … There’s no excuse.
Expect nothing, prepare for anything, and put in the time. Stubborn students don’t believe me. They expect the market to bend to their will. It won’t.
Once you’ve studied enough, you’ll be prepared for anything. When you’ve gained enough experience, you’ll expect nothing. THAT is when things will start to click.
Are you willing to expect nothing but prepare for anything? Comment below, I love to hear from all my readers!