What it was really like mentoring Tim Grittani. Subscribe: https://goo.gl/poGZTm to get INSTANT alerts when I post a new video outlining my penny stock trading techniques.
0:05 Tim Sykes, millionaire mentor and trader here with another video lesson answering your questions. People ask me what it was like mentoring Tim Grittani to his first million?
1:00 Tim Grittani is my top student. He's taken $1500 of his own money, turned it into nearly six million. He's made more in trading than I have. So I'm not angry; I'm very proud of that. He's my second millionaire student.*
1:30 Tim Grittani became a millionaire within a few weeks of Michael Goode. It was pretty crazy. Now I have a few more millionaire students too. But Tim Grittani I think is the best example.*
2:00 People ask what is he doing that is so special? What is he doing that's so different? You know, I think if you asked Tim himself, he'd tell you he's not that smart, he's not great at math. I'm not that great at math. He works hard. He has a lot of spreadsheets. He's tried a lot of different patterns. And when he finds that a model works, he pushes it.
3:00 He bets big. Sometimes he bets too big. He's had some losses in the past also, which we've worked on and tried to control. But now, I mean, in the past two months alone, he's made a million dollars, which is crazy. He's making $500,000 a month, and he's traveling. He's like in Iceland. He's in the Caribbean. He's all over the place with his family, newly married, just an awesome, humble guy. So I wish I could take all the credit for it, but I can't. You know, it was a team effort.*
4:00 Tim Grittani, I think, is arguably the best tester/tinkerer of different patterns, always looking for new plays, even when we were in the Maldives. In the middle of the night, when the stock market is open there, I was like exhausted from all day, and he was on his laptop just looking at different plays, trying to see where the profit opportunity was.
4:30 I think that the most significant thing was that he has scaled up his positions. Like he finds a pattern that works, maybe the same pattern that works in his first or second year, that still works in his sixth or seventh year. It's just a much more prominent position size.
5:00 When you're beginning, I know you want to be my next millionaire student, but you have to focus on tinkering. You have to focus on how you can you make money. How can you find a consistent strategy or pattern that works, if you have a thousand or 2000 shares, and that when your account is bigger, ideally you grow it, you can use that same exact pattern three, four, five years later on with ten times the position size.
5:30 Tim Grittani was not even consistently profitable for the first nine months. And yet, in the first three years, he made a million dollars. So it was year, after year one, year two and year three when he excelled. And now, year five, year six, year seven, it can grow exponentially. But before you can grow exponentially, you have to work on the small stuff.*
6:00 So leave a comment underneath this video saying, "I will be the next Tim Grittani," not in the sense that you're going to make the same plays as him or that it's going to be the specific market because it's never accurate.
Hey, Tim Sykes, millionaire mentor, and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there. And also click Subscribe so that you can watch all of these videos, get that knowledge, and become my next millionaire student.
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/.