Why Trading Isn’t a 9-to-5 Job

Dear Penny Stock Millionaire,

Is a 9-to-5 job your worst nightmare? Today I want to talk about how you can get out of the 9-to-5 mindset. And why you shouldn’t treat trading like a regular job…

So many people complain about their full-time jobs. You slave away all day at a job you don’t love for a boss who doesn’t appreciate you. Sadly, you’re not alone. More than half of Americans report they’re unhappy with their jobs.

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Now’s the time to change that. The entire world is sheltering in place and economies are paralyzed. Use this time to find work you enjoy. Learn how you can turn a passion into a career.

The nationwide quarantine is a once in a lifetime opportunity to improve your situation. Stop making excuses.

Ask yourself … How badly do you want to move beyond the 9-to-5 job norm?

My students want it more than anything. They put their entire lives on hold to become traders. They worked their butts off. So it’s no wonder several of them report breaking their single-month personal records. They’re crushing this volatility. 

What do these students have in common? They don’t trade from 9-to-5. Instead, they know…

Studying Is a Full-Time Job

Study. Study. Study. 

I can’t emphasize it enough.

One of my top students, Tim Grittani, studied his butt off. He managed to turn his $1,500 trading account into over $10 million. How?

He studied. A lot

He found the strategies that work for him and honed in on them. His results blow me away. I’ve been trading for over 20 years and never seen anything like it.

Grittani started his trading journey years ago. Since then, I’ve created so much more content to help new traders. It can be overwhelming, but you can start with…

Your New 9-to-5 Job: Building Your Knowledge Account

As a trader, you have two accounts: your trading account and your knowledge account. You have to build your knowledge account before you start trading. Here are some resources…

You can get my book “An American Hedge Fund” for free. I explain my trading journey and what I learned from managing my own hedge fund.

I also have over 1,300 videos on YouTube and endless free content on my blog.

My newest millionaire student watched every video three times. In case you’re wondering, it takes 1,500 hours to watch the entire video library three times. That’s dedication.

How committed are you to building a better life? That’s what you have to decide.

To my knowledge, no one has ever watched all the content I have to offer. If you have, message me.

Sadly, I know most people only spend an hour or two studying and then treat the market as their own personal lockdown casino. No wonder 90% of traders lose.

The best traders study the past to understand the current market. Then they sit on the sidelines and only trade when setups fit their trading plans and strategies.

You don’t have to be handcuffed to your computer screens. That’s the beauty of trading. Leave the 9-to-5 job mindset behind and get into the…

Retired Trader Mindset

One of my favorite sayings is to act like you’re a retired trader. 

I live a very busy life. Last year I traveled to over 30 countries helping Karmagawa build schools in developing countries. I don’t always have time to watch the market if there isn’t a good play. That’s why I make a daily watchlist.

I wait until a play is so good, I have to come out of retirement because I can’t miss the opportunity. If there isn’t a good play, I enjoy life. Don’t force something that isn’t there. 

Those are the only trades you should be taking. Ignore all the other noise and focus on good setups.

So, what’s a good setup? Well … that’s different for everyone.

Some people like buying breakouts … others like buying morning panics. There’s also buying the first green day. Then there’s shorting — the first red day, promotions, and overextended stocks.

There isn’t one ‘right’ way to make money in the stock market. It depends on a lot of factors. A good setup is different for every trader.

Top Student’s Favorite Set-Ups

All my top students approach the market differently. They had to study and work to find their strategies and become self-sufficient traders.

My six-figure mentors Tim Lento reports closing in on $500,000 in profits. He’s primarily a swing trader. When stocks go supernova, he shorts them with small size and holds them for weeks.

I’m not that patient, but the strategy works well for Lento — he doesn’t watch the market all day like he has a 9-to-5 job.

He trades only when his strategy presents itself. He’s patient until it fades to his price target. If he constantly watched his trades, he’d struggle to stick to his plan.

Learning to stick to your trade plan is what separates the good from the great traders.

Another student, Jack Kellogg, reported $800 on April 16 and called it a day by 11:02 a.m. Eastern.

He’s only 21 years old but trades and acts like a veteran trader.

Personally, I’m usually done after the morning session. I don’t like to stick around until midday because the opportunities disappear. I know what works for me, and I don’t let other people interfere with my trading plan.

If there isn’t a play, that’s fine. There’ll be one tomorrow or the day after.

By sticking to this mindset, I’ve locked in over $80,000 in profits so far this year. All of which I’ll donate to charity.

Small Gains Add Up

When you’re learning to trade, especially if you have a small account, you have to focus on two things … Cut your losses quickly and lock in singles.

Small gains add up.

I’ve made over $5 million trading stocks, but my average gain is only $1,754.

Swinging for home runs is a time bomb. It’s only a matter of time before you blow up. And you’re likely learning the wrong lessons.

Use proper risk management. Don’t be greedy.

Understand the mentality of taking singles. I’m being real with you. That’s what I’m all about. 

I could just brag about how I can make $2,000 in a day … but how does that help my students? Instead, I’m fully transparent. I let my students see every aspect of my trade.

I outline my risk levels and always state my trade goals. Also…

You don’t need to trade with a huge account. Most of my students start with only a few thousand. Once they hit consistency, they slowly size up.

Trading Is Counterintuitive

The best traders in the world can pull in billions of dollars in a few short weeks. There’s so much upside potential IF you become the best.

But 99.9999% of you won’t be the best. I’m not the best — nor will I ever be.

As traders, we have to realize that and take the money where we can. Which is why I love penny stocks. 

The competition is pathetic. If you take advantage of this lockdown and study your butt off, you can build your knowledge account. You can prepare. Don’t think about this like a 9-to-5 job where you take orders from a boss.

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You could study forex, options, or large-cap stocks … but you’ll have so much more competition.

Too many well-funded and highly educated traders are in those other niches. You’d be competing against the best of the best. Why would you do that to yourself?

It’s like playing basketball and going up against Michael Jordan. Why?

For your ego? Let me break the news to you now … if you go up against the best traders in the world, you’ll likely lose.

Meanwhile, my students are learning consistent patterns in a less competitive niche. Sure … making a few hundred might be laughable on Wall Street — but it’s good money to me.

Conclusion

Trading isn’t a 9-to-5 job. I don’t want you to think of it as that kind of work. And I especially don’t want you to practice it as a full-time job.

Forcing yourself to trade all day will cause you to lose money. Instead, study the market like it’s your job. You can never be too prepared. You’ll never learn everything about the markets. Your education never ends.

And don’t come out of retirement until there’s an opportunity so good you can’t possibly ignore it. Find the patterns that work for you and only trade them.

Are you using this once-in-a-lifetime opportunity to change your situation?

Tim Sykes
Editor, Penny Stock Millionaires

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Timothy Sykes

Tim Sykes is the editor of Tim Sykes’ Weekly Fortunes, Tim Sykes’ Weekend Profits and Tim Sykes’ Profit Calendar He also writes the free daily e-letter, Tim Sykes’ Penny Stock Millionaires

Tim’s most famous for turning the $12,415 dollars he received at his Bar Mitzvah into more than $1.65 million dollars in trading profits by...

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