- Thank you.
Welcome everybody, how's it going?
Yeah!
Who's excited?
Who's excited to be here?
I'm pretty excited.
I love this.
I don't know, I had a heckler yesterday
but I don't know if he's here,
I don't know if he's out on bail or not,
I hear he has some problems with the law,
I can heckle back now that I found out who he is.
We'll post a video if you follow me on social media.
I like to post everything.
I just go with it.
I don't mean to make enemies,
I just somehow do with my big-ass mouth.
But I also wanna teach you.
I've done very well in the markets,
I've turned a few thousand into several million.
I'm actually flying to Asia tonight
because I'm building schools everywhere.
I have two new schools opening,
this will be school number 48 and 49
with my charity foundation.
And it all comes from successful investing and trading.
Not, you know, long shots,
looking for a spec of gold or oil
or some weird crazy mineral I can't pronounce
in some country that is probably just gonna give me malaria.
A lot of these things that you're hearing at this conference
and in investment and on Wall Street in general,
are just such long shots, such bull guessing games,
you're just not gonna get rich.
I don't mean to shot on people's life work, but I'm sorry,
I've just been around for 20 years,
I've seen so many pipe dreams.
Even the best laid plans can fail.
So how do you actually choose the best investments?
Here's my legal disclaimer, I'm not a professional,
at all, I'm just a random guy, telling you what I know.
I don't even own a suit.
I hear, you know, suits are the new thing to wear
but I'm going to a place that's 80 freaking degrees
out tomorrow so this is literally the coldest stuff
that I have.
With thousands of potential investments,
how do you actually narrow it down?
There's actually millions of investments but they're,
I think there's thousands of investments
here in this room alone.
How do you narrow it down?
You know, everything sounds so good,
the CEOs will only say the most positive stuff,
the promoters will say the most amazing stuff,
in exchange for 400000 unrestricted shares
or off-the-book shares, or some crap, shot like that.
For me, I'm never gonna be a 100% perfect.
This is my profit chart over the past 20 years
and if you look on the right,
or if you just look online,
you follow me on Timothy Sykes,
I share all this stuff publicly.
I'm right about 70% of the time.
So I'm wrong about 30% of the time.
How did I get rich, how do I stay rich?
How do I get richer?
I cut my losses.
Very, very important, I am not sticking around if
something's going wrong.
If something even looks to be going wrong, I talk fast,
I trade fast, I think fast, I act fast
and that way I don't get damaged.
Once upon a time I believed in some of these pipe-dreams
and these companies and I lost $500000 plus.
It wisened me the freak up.
I don't wanna lose $500000 plus anymore,
it sucked for several months.
It created a drinking problem.
It kinda ruined my reputation.
But it was a good lesson and I'm grateful for the big loss
because now I trade, you know, I'm scared as shot
when I trade.
If you become one of my students,
you'll see I trade overly scared and this hurts me
from making such big gains like I used to
but I'm also living a rather stress-free life.
I think that you guys should focus less on company stories
and more on price action.
I was on a panel last night with some very big legends
and they're talking about the world ending
and doomsday and gold going to 5000, and I was like,
"well if gold is gonna go to 5000,
"why can it freaking break 2000?"
You know, if you're gonna have these big,
pie-in-the-sky moves, you're gonna have
some up trends first.
But they're kinda preying on your need to want action.
Your desire to be there first.
And you just don't need to be.
So for me, what I've learned is that the biggest
percentage moves in the stocks that I trade,
happen after they've already hit several technical scans.
They're up 20%, they're up 30% on the day with good news.
And the biggest runners take several days,
several weeks, several months to spike.
So you're not gonna miss out on any thousand percent spike.
I know, okay, we're at a mining conference,
every now and then you strike gold,
you strike something huge and you actually do
get that move that you can follow.
But if you try to chase those odds,
you will not do well, you will be very stressed,
you will need a lot of pharmaceuticals
and that's why the pharmaceutical industry is booming.
The best plays jump out at you.
So I travel all over the world,
not just for charity, not just for fun,
but because, it helps me.
I'm a degenerate trader.
Okay, this is actually an intervention.
This is messed up that you guys showed up at my intervention
and you're degenerate traders too
and this isn't helping any of us, so we need to trade less,
we need to help each other
because the best plays are such gimmes.
I have a few haters online, but the haters actually,
one guy in particular said,
"Sykes, why don't you be a real man and trade Forex,
"why don't you trade some real stuff rather than
"your little bull penny-stock gimmes?"
And I'm like, "I'm gonna stick with my little
"bull penny-stock gimmes, they made me rich."
Forex, five out of six Forex traders
blow up in the first six months.
And if you look at odds and stats,
the odds are stacked against you.
You know, 90% of traders lose.
70% of investors can't even beat the SMP500
which goes up in a lousy eight to 10 percent per year.
Not to mention last year where it was down.
So I know that you all want action,
I know you want investments,
start to think the opposite.
Have the patience to wait for the best plays
that have multiple indicators.
You know I trade stocks, I'm looking at stocks
every single day but I don't want to just trade anything.
There's literally thousands of stocks in play every day.
Thousands, or tens of thousands of pieces of news
that you can analyze and you can say,
"Hell this is good, this is bad,
"this is good, this is bad."
Understand that this is mostly a guessing game,
and if you play the guessing game that everybody else
is playing, you're not gonna get rich,
you're not gonna do what is seemingly impossible, you know?
I do some pretty crazy stuff.
My top students do some pretty crazy stuff,
and it's due to patience.
Buying stocks, only when they're hitting new highs,
with catalysts in our favor,
ideally in a hot sector, which none exist right now,
or shorting stocks, shorting scams,
there might be some short sellers among you, you know?
If I was primarily a short seller these days,
which I'm not, but if I was,
I would go to mining conferences and look for the most
exaggerated hype-filled promises and short
the duck out of that stock,
because they're most likely lying to you,
they're most likely looking to hire promoters,
they're most likely gonna fail.
It's not a question of if, it's a question of when.
So those are the kinds of things that I like to trade
when it's not a question of if, it's just when.
And then you can work on timing
and there's a whole bunch of stuff that I teach
and technical indicators that you can time.
But I travel so often to avoid over trading.
And this is why I love my life.
I'm very fortunate to be able to travel
anywhere and everywhere.
But it's also to protect me.
Like I said, I'm a degenerate trader
and I have to say that in every speech
and that's a real disclaimer right there.
Forget about the legal disclaimer, I am a degenerate trader.
I have to control my degenerate tendencies by traveling,
by going to third-world countries
where there's Wifi is terrible,
I'm trading in the middle of the night,
so I'm not looking forward to trading.
You shouldn't look forward to investing.
You shouldn't look forward to making money.
Obviously we all want to but
if you look forward to it you start to over trade
over invest, force plays, you're in the wrong place
when the right play comes about.
You can't get out of the wrong play
maybe you have restricted stock.
I've seen it all.
I don't have all the answers
but I do have two decades of experience in that.
I consider myself a retired trader
who only comes out of retirement
when there's a play that's good enough.
And I know that's crazy because I'm a trader,
a trading educator, there's a thousand people in my chatroom
every day, how can I say I'm a retired trader?
But that mindset protects me from myself.
Who here has seen a superhero movie?
Raise your hands.
Some, most of you.
I think everybody has, some people just
don't want to admit it, right?
But superhero movies like, a lot of them are normal people
with these like superhuman abilities.
My superhuman ability is that I'm a freaking degenerate.
And I recognize that and I need to keep the degenerate
in his little cave.
I don't want to turn into the beast.
For that analogy.
Patience increases my odds of winning.
Patience increases your odds of winning.
I know it sounds crazy, but the more that you just sit
on the sidelines and observe, and mind you,
this means sometimes missing some plays
because you're sitting on the sidelines,
you have such a patient mindset,
but having this mindset protects you from overtrading.
And then when you do strike, you know,
when you do find an investment or a trade,
it's really usually good.
You could still be wrong, mind you.
Even with my whole patience attitude I'm still wrong
roughly a third of the time.
But at least having this mindset protects me.
And when I am in a trade, I cut my losses very quickly
if it's still going the wrong way.
So it's very difficult to lose being patient
and trading like a coward
and I know this isn't what people wanna hear,
everyone's always surprised when I say it
because I turned a few thousand into several million
so they're expecting, "What's the secret to going all in
"and using leverage and making a lot of money?"
It's the opposite, I never use leverage, I never go all in.
I'm just patient, and overly patient and cowardly,
even overly cowardly.
I take my profits too quick.
You know, I did an interview with Kitco a few hours ago
and they're like,
"What's the secret to making like a thousand percent
"returns on a stock?"
And I'm like, "I have no freaking idea, I take my profits
"at 10, 20, 30%.
"I go for singles, I don't go for home runs or grand slams."
So this whole mentality allows me to take small single,
small base hits over and over.
And the gains add up over time if you let them.
When I'm not sure about a company,
or let's say even the overall market,
because three out of four stocks follow the market
at all times.
I do not trade it, okay?
I need all my indicators to line up.
A lot of people ask me what's the hot sector right now?
There's nothing, we had Bitcoin, we had Crytocurrency,
we had weed, we had CBD, before that we had Ebola,
police equipment, China, biotech, medtech, nanotech,
there's always some sector being hyped in the past.
But right now we're kinda in this zone
where I think there's frankly a lot of fear
because of what happened in December
with the overall stock market
and sometimes the best trade is no trade.
Sometimes you just stay liquid
and you just wait for opportunities.
I'm scared to invest for the long term in stocks,
I'm scared to invest in real estate,
because I don't know if December was just the beginning
of a bigger crash, or if it was just some nice consolidation
after a big multi-decade run up.
I don't know.
So when I don't know I do nothing.
And this is a game of discipline, okay.
I know that you think that it's all about research
and the more hours you put in the more that you'll
learn and you'll have some edge over somebody who
doesn't burn the midnight oil like you do
and you're researching some crazy weird
district off the coast of Canada
and you think that's the secret.
Well maybe it is, okay?
I'm not a professional miner,
I do know odds, and if you shoot for those
very low odds type plays,
you're just gonna be disappointed
the vast majority of the time.
Maybe you hit once and that's all you need,
and God bless those people
but I'm trying to go for something that's high odds
with less stress, and when I'm doing nothing
I can go out and enjoy and live my life.
It's not laziness, it's actually good,
it's keeping me away from being the degenerate trader
that I've mentioned a few times.
So do you have enough patience to wait for the best plays.
I know you all wanna make money,
but can you afford not to make money right now?
This day, this week, this month, this year.
Can you afford to wait for the absolute best play?
Here is some examples.
I spoke at one of these conferences three months ago
and this was the chart that I showed PURA,
this little piece of shot wannabe CBD play,
and the stock was spiking from two, three cents
all the way up to 24 cents.
12 times your money.
This is a 50 day chart.
Each one of these candles represents one day.
So, it was in play.
Let's see how it's done since.
This is the past 50 days.
Absolutely nothing.
So, for me, I'm looking at charts,
it's not just about the company story,
if the price action isn't there,
I simply do nothing.
That's what you have to understand.
Here's another chart from the last conference I spoke at,
CVSI, another wannabe weed play,
these are my kinds of stats,
you know I don't hold the whole time,
I again, I'm the run ups,
I try to take 10, 20% then I sell,
usually too early.
I sold way to early on this one.
I was in on the twos, out in the twos
and it went all the way up to eight.
So I missed a lot of it,
but I made a little bit of money and I learned.
This was the chart last time.
This is the chart this time.
In 50 days it has done absolutely nothing.
And I know they're putting up press releases,
the company's maturing, business is actually going on,
but for me as a trader, as an investor,
I don't want any part of this, okay?
Wake me up when it breaks out to new highs.
This kinda looks like gold too
over the past few days and weeks.
Wake me up when there's an actual technical breakout
or technical breakdown.
Too many people get obsessed with the story,
they fall in love with the story,
and most of these stocks, most of these companies,
will go bankrupt.
Let me just remind you no matter how excited people are
at these conferences and how excited the management is,
the vast majority of people,
if we flash forward into five or 10 years,
the vast majority of companies here will be bankrupt,
or close to it.
So, I'm sorry to be the bad guy
who brings up history in stats, but I like doing that.
I don't like just believing hype or management promises,
that's the way to ruin.
Here is my top student, Tim Grittani,
turned 1500 four months ago, or three months ago
he was at just crossing seven million dollars in profits.
And if you look at all of his trades, which were all public,
me and all my top students show every single trade,
he's winning, just what is his average gain?
$2800.
My average gain is about $2000.
So I'm trying to make $2000, 2000, 2000,
when I lose, I'm trying to lose two or three hundred.
My gains are bigger than my losses,
I'm trying to take singles over and over and over again.
And mind you, I've only made
a few million dollars in my life.
So I'm not somebody who makes a million dollars in a day.
But I do believe that all you need
is a few million dollars in life.
I think that too many people are trying to make a billion.
I know several billionaires, they're very unhappy.
Everybody knows how rich they are,
they're being used by wives and girlfriends and boyfriends
and all sorts of bad people.
They need security all the time.
I actually gave a TEDx talk on how I'll never
be a billionaire.
That didn't go over very well.
I gave it to a room full of business school kids,
all they wanna do is be a billionaire.
And I was like, "Screw all your dreams,
"you're wrong, make a few million dollars,
"that's all you need."
It was actually bombed on YouTube too.
But I'm serious, I think that's the best.
I don't wanna be a billionaire,
if I ever make somehow,
if I latch on to the right investment or trade,
and I make, you know, a billion dollars,
I'll donate 98% of it.
And I'll stick with, you know, 20 million.
That's fine.
You can live a fantastic life,
a stress-free life,
not totally stress-free but low stress life,
with just a few million dollars in your bank account.
And here he is three months later,
he's at now at 7.4 million.
So he's making a little over a hundred thousand dollars
per month, two thousand dollars at a time on average.
Here's an example of something that is happening.
There might not be a hot sector right now,
but there's still, every now and then, good plays.
So Fannie Mae and Freddie Mac
kind of controlled by the government, kind of not,
it's kind of a weird situation,
especially for the stocks,
ever since they had problems back in 2008,
the government has been trying to, you know, get away.
Companies should be off on their own.
So this news just came out Friday morning,
here's a chart of Fannie Mae,
I actually bought this on Friday
and made a few hundred bucks.
This is a nice breakout.
Each one of these represents one candle
and Friday stock was up over 30%.
This is my kind of a chart.
It might not have a hot sector,
might not be the hottest market,
but with that news, with the stock that's a former runner
with massive volume, with a multi-month breakout,
the indicators were going for it and like I,
true to form, I underestimated it,
could have made about $3000.
I made a few hundred.
I played it too safe, but at least I was ready and waiting.
Every single day I'm waiting for some company,
some stock to show me something.
Like prove to me why do you deserve my money?
Why do you deserve my time?
Fannie Mae owned it with this technical breakout
with the news catalyst, with it's history
of being a former runner, those three indicators
were enough for me.
Even though it's not my ideal kind of play,
'cause this is still a multi-billion dollar company,
I prefer smaller companies.
I do encourage you guys to stick with small companies.
That's one thing that you guys are doing right.
Rather than going to Berkshire Hathaway's annual conference,
that's fantastic if you wanna become a millionaire
by the time you are a hundred
you can buy some crazy titanium new hip,
just so that you can waddle out of your mansion.
I don't know about long-term, blue chip investing,
I know about short-term, trading of piece of shot stocks,
where it's predictable because most of the people trading
these piece of shot stocks are stupid morons.
So you have an advantage.
I gave an example during my speech yesterday that--
I know, I'm sorry, I'm really toning it down
right now but I'm trying to be polite
in front of my Canadian audience okay?
But I just, eh, come on, have some maple syrup,
come on, I try and make this stuff entertaining too,
don't take everything so personally.
I think that you should stick to piece of shot stocks,
because if you look around the room
and the people that you meet,
not the most intelligent people okay, and that's good,
I'm not the most intelligent person,
so if you have a room full of freaking idiots,
you can probably make money off them somehow.
You can find your angle versus if you are
at Berkshire Hathaway, there's a lot of people
who are really smart, who are really wealthy.
I don't wanna compete against them, okay?
If you're trading Forex, you're competing against
George Soros, and all these algorithms,
I don't even know how to spell the word algorithm,
so I don't want any part of that big competition.
Stick with the piece of shot sector,
stick with the piece of shot people,
but at the same time it's cool
because if you're even a little smarter,
even if you do a little history and look at
a little you know, stats and what these companies
and these people and these big projects do over time,
you'll have an advantage.
And here's Freddie Mac, same chart as Fannie Mae.
So, you have countless opportunities,
but ignore the vast majority of them as they are shot.
This is how my top students and I became multi-millionaires.
I know it sounds crazy, but it's true,
succeeding and really thriving in investing
and trading is hard enough,
remember 90% of traders lose, roughly.
Maybe it's 95%, there's been a few academic studies.
So most people lose, if they say they're winning,
they usually full of shot.
We show everything online.
This is what has frankly built my education business,
just showing every trade.
Income tax returns, audits.
You know, being honest as you can tell, with my speech.
Learn to risk your money on only the best setups,
not guessing games.
That's my speech.
Thank you guys.
Hey, Tim Sykes, millionaire mentor and trader,
thank you for watching my videos.
I hope that they help you.
I wanna 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.
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