30 Useful Tips {FROM THE} Trader Who Just Passed $3 Million In Profits**

My top student Tim G. has just reached {a significant} milestone, passing $3 million in trading profits** in his 4th year of trading!

{We have been} so {luckily enough} {to possess} him share his top lessons (definitely thank him and congratulate him {with this} achievement in the comment section below)…also go {have a look at} his new website HERE where he shares {a lot more} tips/lessons he’s learned and developed {their own} unique strategy {during the period of} his journey.

Download a PDF version for 30 useful tips {from the} trader who just passed $3 million in profits.**

Here’s {just a little} recap of his inspirational story:

He’s been profiled HERE by CNN and we were on Fox TV HERE and HERE on TV again and he also gave 20 great trading tips HERE when he passed $2 million in profits.**

Now he’s just passed $3 million in profits** {in only} {a couple of years}, nearly doubling my initial accomplishment of turning $12k into $1.65 million {in my own} first 4 years**…and {a lot more} important {than simply} {the amount of money} he’s made, he’s somehow remained incredibly humble and well-ajusted (major issues I’ve had {on the way} LOL) and {I’m} so incredibly {pleased with} him and grateful to him for sharing his lessons {around}, giving bi-monthly webinars to other trading challenge students {& most} importantly, showing every trade trade publicly HERE

Tim Grittani 3 million Miletsone

(anyone can claim {to create} millions, {plus they} often do, but my top trading challenge students and I back it up, showing {the nice}, bad and ugly trades ALL PUBLICLY…I don’t trust ANY trader who doesn’t share their detailed “batting average” publicly, unless they run a hedge fund {such as this} great trader** who legally cannot share publicly anymore)

Tim…man, {so what can} I say, the student truly {is just about the|is among the most} teacher as {generally} I see you choosing better trades than me (like shorting the STAF morning spike on Friday {rather than} buying it)…truly, {big style} congrats on {all of your} success! It’s {a lot more} awesome {given that} you’re teaching others and congrats on the awesome reviews {of one’s} Trading Tickers guide too!

MEMORIZE these great tips, share them {together with your} fellow traders {and also} print them out {when you can} {because they are} truly golden/dead on accurate! I {trust} {every single} single point and remember, both {folks} started with {just a couple of|just a couple|a few|only a few} thousand dollars so {although it} sounds impossible {to show} that into seven figures, it’s not, it’s just {Very hard} as it {requires a} TON of {effort}, study, perseverance through the bad times/losses/mistakes like {this business} showed** and {a continuing} {need to} learn and {adjust to} new setups/patterns {& most} {of most} to see {everything you} do best and {concentrate on} that!

1. Trading {isn’t} easy money. {If you don’t} {are ready to} put in {a huge amount of} {effort and time}, {you won’t} find success. {Be prepared to} fail early {and frequently}. It took me 9 months {and something} account blowup to even begin finding consistency {and begin} seeing profits. Learning {does take time}.

2. Don’t trade large when you’re learning. This ties {in to the} last point, why play huge position sizes when you’re still {determining} what you’re doing? {Because you} likely {will eventually lose} early-on, {make certain} those losses are small enough {that you should|so that you can|that you can} {get over}.

3. Trade smart size {linked to} your broker’s commission structure. {It is a} tricky balance to strike {linked to} {the final} point. But {in the event that you} trade TOO small, commissions will eat you alive, {even though you} {certainly are a} good trader. {I usually} strived to {require a} 1.5% gain {FOR THE MOST PART} to break even.

4. Don’t follow ANYONE’S alerts. It doesn’t matter if it’s a guru {you merely} {registered} to. {In the event that you} just {make an effort to} tail others, {you won’t} find success. {You’re} {much better|greater} off learning WHY successful traders make the trades {they} do, and using that {to greatly help} develop {your personal} strategy.

5. Especially don’t chase trade alerts. If you’re stubborn {but still} {desire to} tail that guru, {consider}, what price did they buy at {in comparison to} where you’re {getting back in}? If you’re chasing {and purchasing} significantly higher, your account {won’t} last long.

6. {When you have to} {require} advice, you shouldn’t {maintain} the trade. {I understand} it’s reassuring {to obtain} opinions of others when you’re in a trade and scared. But {believe me}, it will {can you} {a lot more} good {to understand} to trust {your personal} opinions and trade plans, {even though} you’re wrong.

7. Determine risk and position size based {from the} CHART. Preconceived % loss limits are silly. Use {tips} on the chart {to inform} you when {to avoid} out, {it can help} make your trading more precise.

8. Know your risk level before entering a trade. {This is actually the} {very first thing} I determine before placing a trade. By knowing my risk level, {I could} then size in appropriately based {from} my risk point {in order that} my $ loss {will never be} uncomfortably high if the trade goes wrong.

9. If the stock is {away from} risk, NEVER add. It’s amazing {just how long} it took {because of this} lesson to sink {set for} me, but {I believe} it’s {the most crucial}. {Most of} my largest losers have this {in keeping}, adding {beyond} my original risk level {attempting to} turn a loser {right into a} winner. {It could} work sometimes, but it’s not worth the massive losses when it doesn’t.

10. MONEY moves markets! Trash can run, good stocks can fall, trade the chart pattern, not {everything you} “think” the stock {ought to be} doing. {The marketplace} {is definitely} right, whether it’s rational or not.

11. {It could} ALWAYS {worsen}! {Perhaps you} got stubborn on a loser. Maybe the stock is {creating a} move {which makes} no sense {for you}. NEVER assume it’s “Up {an excessive amount of}” or “Can’t {get smaller}”… {IT COULD}. “{The marketplace} can remain irrational longer than {it is possible to} remain solvent”

12. Don’t {be considered a} sucker for {an excellent} story. Whether it’s an OTC stock or it trades on {a significant} exchange, don’t ignore price action {as the} story sounds good! Falling {deeply in love with} a story {may be the} easiest way {to obtain} stubborn. Remain cynical and remember most {very cheap stocks} fail long-term, {even though} they do {released} sexy {pr announcements}!

13. Don’t {hesitate} {to reduce}. It’s {an integral part of} trading, there’s no avoiding it. I only win 70% of my trades! {So long as you} CONTROL your losses by {sticking with} your plans {and prevent} losses, you have NOTHING to {be frightened} of.

14. {Not absolutely all} losses {certainly are a} {consequence of} doing something “wrong”. No setup {will|will probably} work 100% {of that time period}. Sometimes {it’ll} fail {and you may} take that unavoidable loss, and that’s fine! Again, just {adhere to} your plan {as well as your} stop losses and CONTROL {losing}!

15. Find your niche. {Particularly when} you’re starting, don’t {make an effort to} trade {precisely what} moves! {Work out who} {You’re} as a trader. {Are you currently} {convenient} long or short? What setups are {your preferred}? {Concentrate on} one area, master it, then slowly branch {from} there!

16. Track your trades. {This can} go {quite a distance} {in assisting} you identify your niche. By tracking your trades, {you may get|you will get|you can find|you can obtain} {a concept} of where you succeed and where you fail. {As soon as you} identify your successful areas, focus there!

17. Finding your niche usually requires losing first. Yes, {in early stages} {you might have} to experiment {a little} with different strategies, {& most} won’t work. {You’ll} take some losses, {but you’ll} learn {a whole lot} about yourself {which} will help {show you} in the direction {where one can} {achieve success}!

18. Mistakes {will be the} best learning tool. This especially {applies to} when you’re first learning, but {nonetheless} I {continue steadily to} {study from} mistakes that I make. Don’t ignore them, don’t run {from their website}, embrace them! {They’ll} help {show you} to improvement.

19. {It really is} okay to miss plays. So many traders {desire to} trade {precisely what} moves and nail every stock. {This is actually the} absolute wrong mentality! Instead, focus ONLY on the niche you develop, be consistent {in a single} area {instead of} constantly gambling on every exciting chatroom play.

20. {It is best} to miss a play then to chase it. Sometimes {you can find} that perfect niche setup {you like}, but miss your execution. It happens! The WORST thing {that you can do|that can be done} is develop the bad habit of chasing because you’re so afraid to miss. {Even though} it {computes}, it’s just reinforcing a habit {that may|which will} burn you {later on}. There {will be} another trade!

21. Build {your personal} watchlist {every evening}. It’s fantastic practice at developing {your personal} plans and later seeing what ideas {could have} worked. {Even though you} aren’t trading yet, {that is} great practice!

22. Know when it’s {time and energy to} {have a} break. Trading is mentally exhausting, {it requires} its toll {as time passes}. When I get burned out, {weekly} or two of vacation time does wonders! Remove yourself from {the marketplace} and {keep coming back} refreshed, the difference is incredible!

23. Know the float of any stock you trade. Whether long or short, {that is} information {you need to} know. The float ties into how easily a stock {could be} controlled/manipulated, {and also|along with|in addition to} {what size} of runs {it could} potentially have.

24. Only trade stocks with exceptional volatility. This especially {applies to} {those} with small accounts. If the stock {does not have any} range, why bother? What good will a 2% gain do {for the} account, {particularly if} {you must} trade perfectly {to accomplish|to attain} it?

25. {Discover the} stocks with huge intraday swings, and {make the most}! {Even though you} mess it up, {it is possible to} still have significant profits.

26. Level 2 {is really a} “Must use” tool. This goes more for OTC stocks than Nasdaqs, but {I really do} {think it is} helpful on all exchanges. {Obtain it}, learn it, and {make the most of|benefit from} it!

27. Stock scanners {certainly are a} great tool {to get} new plays. I run basic scans {during the day} {merely to} show me what stocks {will be the} top % gainers and trading real volume. If something new {arises}, I’m usually pretty quick to {view it}. {Not forgetting}, many scanners are pretty versatile {and may|and will} be setup to scan {for the} favorite plays, {in line with the} criteria that matter {for you}.

28. Plan your trades around key chart points, NOT your profit/loss. Trading decisions {ought to be} made {from the} chart, not your {balance}. I hide my profit/loss (both realized and unrealized) {before} end of {your day}. I don’t {desire to} see it {and also have} it influence my decision making!

29. Consider risk/reward AND success rate. It drives me crazy to see people saying they won’t {have a} trade unless it’s 3-1 risk/reward. {Imagine if} {you’ve got a} 1-1 risk/reward setup that wins 90% {of that time period}? Is that not worth trading too? Consider both factors, {no} matter what, {make certain} {the chances} are {working for you}!

30. Never stop learning. It’s amazing {just how much} my trading style has evolved {since i have} first began. I {began} trading 99% OTC stocks, mostly on the long side. Now I’m mainly a short-seller, {concentrating on} listed stocks. I constantly {make an effort to} learn new setups and new angles to attack {the marketplace}, {as you} never know when conditions {changes}! Adapt or perish!

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