You probably started trading because you want to make money. But why do you want money?
Maybe you want to buy a house or provide for your family. Or want to travel the world, ride around in expensive cars, and fly privately.
But once they’ve made enough…their motivation will change— mine did
Read to the end of this post to see what motivates me now — and how I’m giving back on Earth Day.
If you want to be a successful trader, you’ve gotta have a ‘why.’ That’s what’s gonna keep you going when times get tough.
Take, for instance, my student Sandeep. He used to be scared of trading. He was risk-averse.
But he also needed more money. He wanted to give his family a good life, but he was having trouble keeping up with expenses on his day-job salary.
He was motivated to provide for his family. That helped him persevere through two account blow-ups before he started to find trading success.
Now, he’s up $1.3 million in trading profits. I want to share his story — I hope it inspires you to find YOUR motivation.
Sandeep’s Story
Image credit: Sandeep
Sandeep grew up middle-class in Bangalore, India. He was taught to always be careful with money. The idea of trading turned him off — he wasn’t excited by taking risks.
Fast forward several years. He pursued a career in engineering that took him to the U.K., where he lives today.
Even though he liked his engineering job, expenses were piling up. Sandeep had a mortgage. He had a kid. He wanted to give his family a good life.
So when a friend mentioned they were trading, Sandeep thought it might be worth exploring.
That’s how he found me.
When he first found me on YouTube, he thought my Trading Challenge was a scam.
But as he looked around and read about my top students, he came to see that I’m legit. He started in 2019 with PennyStocking Silver.
Even though he had a family and a full-time job, he made time to study on his lunch breaks and commute. Sometimes he’d stay up until 2 a.m. studying. But it didn’t pay off right away…
How Sandeep Blew Up Two Trading Accounts
Image credit: Sandeep
Sandeep blew up TWO trading accounts before he started to get the hang of things.
His first $1500 account blew up as the result of holding and hoping and papercut losses — pretty common newbie mistakes.
Undeterred, he took a break and spent a few months studying.
Then, he blew up his second $1500 account.
At least this time it was for different reasons. He was trading too many patterns. He wasn’t focused. He lost it all.
It SUCKS to blow up an account. It really sucks to blow up two accounts. But Sandeep was learning from his mistakes and decided to stick with it.
So he decided to give it one last try. But this time, things were different…
How Sandeep Became a Millionaire
Here’s how he turned things around:
Sandeep reviewed his mistakes daily so he wouldn’t repeat them.
He zeroed in on a single pattern: the morning panic dip buy.
He worked on improving his trading psychology and developing the right trading mindset.
He studied my $13.5 million profit student Tim Grittani’s short selling patterns. Even though he’s not a short-seller, he wanted to understand the other side of trades to give himself an edge.
He studied my millionaire student Roland Wolf’s technique for trading multi-day runner stocks with volume.
Through these studies, he developed his own method for trading morning panic dip buys. He kept on repeating it over and over.
Here’s what happened next:
By the end of 2020, his trading profits were at $300,000.
In January and February of 2021, he made over $500,000.
In September of 2021, he passed $1 million in trading profits.
Sandeep never thought he’d make $1 million so fast. Having his family as motivation kept him going through the hard times to hit this milestone!
What Motivates Me To Trade
Image credit: Sandeep
I told you Sandeep’s story to show you what’s possible when you have a ‘why’ to motivate you as a trader.
When I first started trading I wanted to be rich and have fancy cars. But my priorities have changed.
These days, I care a LOT more about giving back. I donate 100% of my trading profits to charity. That’s why Earth Day is so meaningful to me. Along with my charity, Karmagawa, I’ve done a lot to preserve the environment:
A post shared by Timothy Sykes (@timothysykes)
I’m filled with gratitude that I get to have this life. I love giving back. And I want to pay it forward by giving something to YOU…
A Special Earth Day Gift to YOU
It doesn’t matter if you care about Earth Day or not. Since I do, I want to offer you something special.
You’ve probably noticed that I’ve jumped head-first into NFTs lately. I think they’re creating even more exciting opportunities than penny stocks right now.
Right now, I’ve got an EXTRA special offer going on. But it’s ending SOON. If you’ve been on the fence about joining my NFT community, there’s never been a better time.
Get Access Now!
What motivates you to trade? Do you understand why every trader needs to have a ‘why’?
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