admin

Why Did I Just Wire $1 Million Into My E-Trade Account?

Last Wednesday, I wired $1 million into my E-trade account. Can you guess why? Leave a comment below…

I could be super mysterious about it. After all, that’s what people in the stock market do, right? They act all sneaky and shady about their money.

Most people in my industry would just keep quiet about it … Not me.

No, I’m not sinking it into ‘the next Google.’ I’m not buying a fancy car or penthouse… that’s not the life I want anymore.

The money’s going to a new project I’m super excited about…

Wanna know more?

(*Please note: My trading results, along with the results of my top students, are far from typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)

More Honesty, Please

When I posted the update about my $1 million wire on Instagram and Twitter, my feed blew up.

After all, I’m always saying that I’m a ‘trader, not an investor.’ So what inspired me to make such a massive move with my money?

Yeah, it’s big. 

A lot of people were super curious about what I was doing with $1 million of my own money.

Other people attack me when I post things like this and ask, “why can’t you just shut up?” 

My response? I talk about this stuff because nobody else does. People are so secretive about anything money related. If you ask me, this lack of information can be harmful. I try to be different. I don’t care if it creates haters.

So yeah … when I care about something and believe in it, I’m gonna speak up.

The Power of Transparency

Working in the stock market for the past 20+ years as a penny stock trader and hedge fund manager has really opened my eyes.

I know firsthand how full of BS the world of stocks really is. Wanna know more? Check out my autobiography, “An American Hedge Fund.”

‘Transparency’ isn’t a word you hear a lot in the world of penny stocks. It should be. 

Most traders will openly talk about their buys … but not their sells.

That’s a problem. It’s why I helped create Profit.ly. Because I was sick of traders saying, “oh, I bought this,” then disappearing.

You can’t judge a trade just by the entry. You need to know the entry, the exit, the plan, the risk, and the goal.

Usually, traders are secretive about these details for self-serving reasons. They just want people to follow their alerts…

NEVER follow alerts. LEARN from alerts.

Alerts are not meant to be blindly followed — even mine. I post them so you can learn how different setups work and use the knowledge to develop your own strategy. You’ve gotta learn the process. Be self-sufficient!

What Really Excites Me…

When I was a kid, I wanted things like a mansion and fancy cars. Then I got rich trading penny stocks, and I could buy whatever I wanted.*

Guess what? It wasn’t as fulfilling as I thought. I actually ended up selling all my cars…

I kind of wish that some millionaire or billionaire had told me that buying stuff wasn’t going to satisfy me.

Don’t get me wrong — I’m not saying money is bad. Whoever said ‘money can’t buy happiness’ probably never had financial freedom.

Becoming rich has allowed me to live the life of my dreams. I get to travel, donate to charity, and live and work where I want.

Having money also gives me mental freedom. I don’t have to worry about providing for myself or my family. We’re taken care of.

I have the freedom and ability to pursue projects I really care about … like this.

Putting My Money Where My Mouth Is…

Some people are all talk. I have a big mouth, but I back up what I say with action.

When I care about something, I give it my all…

For instance — my charity, Karmagawa. I talk about the causes I support all the time. Some people say, “it’s not charity if you want attention for it.” 

Are you kidding me? If I didn’t speak up about the causes I support, people wouldn’t know about them. By speaking up, I was able to help raise $1 million for the people of Yemen.

By speaking up, I’ve inspired others to give back in their own ways. One student was inspired to make a donation to the Wounded Warriors Project…

I speak up so I can lead by example. That’s why I won’t shut up about the things I care about!

Now, I’m excited about something that I put $1 million of my own money into it.

Don’t Dream It, Be It…

tim sykes in arizona riding on a jeep
© 2020 Millionaire Media, LLC

So many people lead their lives scared to death of committing to a cause or a project. Not me.

I try to inspire my students to devote themselves to their day trading studies. You’ve gotta find that passion and be dedicated. That’s how you find consistency over weeks, months, and years…

I believe in my students and my teaching…

Now, I’ve got another exciting new project to believe in, too.

Here’s how much I believe in it: I put $1 million into it. It’s real money — my own, hard-earned money. 

I consider it my honor and privilege to show traders that it’s possible to be transparent and find consistency in the market. So I’ve gotta keep being open about what I do with my money and with trading!

Can you guess what I’m doing with $1 million of my own money? Leave a comment below!

The post Why Did I Just Wire $1 Million Into My E-Trade Account? appeared first on Timothy Sykes.