Tim Sykes Daily

No one wants to hear it, but you know it’s true: Trading has risks. Most traders lose. It takes hard work and dedication to become a successful trader. If you don’t do your due diligence, there’s a good chance you’ll end up without any money left to trade. Losing your hard-earned money is the biggest risk in trading.

If you keep losing in the market right now, there are two main reasons. Here’s Jack Kellogg’s #1 piece of advice for new traders. Remember, I shared Jack’s story of humble beginnings as a valet to crossing the $20 million threshold. There are two major factors that lead to extended losses for new traders.

When family and friends put him down for dreaming, Jack Kellogg kept studying. He knew what was possible and was determined to stick with it. He knew college wasn’t for him. But, he managed to save $10K from his valet job. And he knew he wanted to invest that money. So right out of high school, he joined my trading challenge in 2017.

Here’s your Monday Motivation… This is one of the first lessons I share with my students. If you under-prepare, you will underperform. As you know, I have mentored thousands of students and helped more than 50 of them become millionaires. Countless others have used my strategies to achieve six-figure profits and transform their financial lives.