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How I Handle Stock Market Speculation - YouTube
Channel: Timothy Sykes
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- What's up, Tim Sykes here.
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Everybody is asking me,
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what do I see happening with the pandemic?
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What do I see happening
with the elections?
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What do I see happening in 2020?
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I tell everybody the same answer.
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I don't play guessing games.
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I know that's what CNBC guests do.
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I know this is like what wall
street teaches you to do,
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or, you know, gamblers
anonymous teaches you
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not to do or tries to get you not to do,
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but you can't help it.
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It's just like curiosity,
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like what's Elon Musk gonna do next.
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I just wanna know.
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I don't really care about guessing games,
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I don't really care about market gossip.
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I know it's fun for people to talk about.
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I don't even think fantasy
football is a good use of time.
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I've get invited to all these leagues.
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All my top students are in
leagues and I'm like, no,
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I don't wanna guess when
there are such low odds.
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I don't, even if I win, what do you win?
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You win money, you feel special,
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you feel like the odds don't apply to you.
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It teaches you the wrong lessons.
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I wanna be in trades where
the odds are on my side
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and I know this might not
be an exciting lesson.
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I know people like going to Vegas,
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like, "Hey, I wanna feel special,
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yeah, put it all on red.
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Like yeah, come on number six."
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Like, listen, if you're gonna
get rich in the markets,
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if you're gonna get rich
and successful in life,
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you have to say no to
those kind of, you know,
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gambler instincts, those
degenerate gambler, you know,
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callings that are calling you, right?
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Like if you ever saw lord of
the rings and you got Schmiegel
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and he's like that past, yes.
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You have a Schmiegel inside of you.
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I have a Schmiegel inside of me.
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Especially, I probably have
two shingles inside of me
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just 'cause I'm Jewish.
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And Schmiegel likes
schmeared salmon bagels.
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I don't know, I'm making Jewish jokes,
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but we all have that little
demon monster inside of us
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that likes the guessing games
that likes the uncertainty.
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And you have to smack it down.
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You have to say, no, Schmiegel,
I'm gonna bury you in lava.
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And you might be happy having
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the ring in your hand as you die, sorry.
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Spoil the alert if you haven't
seen Lord of the rings,
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but everyone has and if you haven't,
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like, I don't even know you.
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You need to not give into those
gambling instincts, right?
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If you have seen lord
of the rings, you know,
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like when men are looking
at the ring and like,
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they hear the whispers and they're like
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fantasizing about the power,
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that is the same kind of
whispers that you hear
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if you're a degenerate gambler,
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like, who's gonna win the election?
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What's gonna happen with a pandemic?
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Oh, lose your bet on it.
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Oh, fantasy football.
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Who's gonna be the best
running back this weekend?
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Who cares?
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Okay?
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You have a limited amount
of time on this earth.
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Do not waste it on games
and guessing games.
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I was looking for another word.
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I don't even have another word.
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I'm not that smart, I'm
not that great at math,
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but I know that you must
utilize good odds trades.
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Setups with predictability,
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not where you want to try to win,
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you want to try to feel special,
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Maybe you have like some little technique.
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Maybe, you know, you're,
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let's say you're even
friends with an NFL player
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and you're like, yeah, I got this game
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and you bet on your friend.
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Or, you know, you're unethical and you
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and your friend cook up a scheme
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where like he's gonna stink in the NFL.
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And you're gonna bet on that
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and you're gonna make
money which is illegal.
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I don't even know.
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There are so many different schemes
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and you just don't need to do any of that.
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The way that I made my
money is through honest,
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high odds, setups, repeating
over and over again.
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I'll tell you one thing right now
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like there are not always great odds
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on a trade every single day.
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You must have patience.
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I'm actually going to
include a presentation,
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a free presentation when you
click the link just below this,
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on the three patterns that I use.
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The three best patterns that
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have made me millions of dollars.
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There's thousands, maybe tens of thousands
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of patterns out there on the stock market.
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You do not have to trade all of them.
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You should not trade all of them.
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What's gonna happen with the election?
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I don't know.
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What's gonna happen with the pandemic?
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I don't know.
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What's gonna happen in 2021?
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I don't know.
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This is part of the reason
why I'm not on CNBC.
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And the fact that I
brought some, you know,
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female models on and
apparently some people got,
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you know, offended, I'm sorry.
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I was just trying to
lively up the conversation
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a little bit, like business
can get a little boring.
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This is probably why people turn to gossip
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and they turn to guessing games
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because they're just bored.
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Accept boredom, accept
it as a fact of life,
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as a part of this business
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and what do you do if you're bored?
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What do you do if there's no great trade?
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You go study, okay?
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You go outside, you go spend
time with friends or family.
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You go learn a new skill.
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Life can be amazing,
if you have the freedom
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to do what you want.
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Sadly, most people don't.
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Most people watching this are in school,
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trying to get a good job
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and then hoping that the
economy doesn't fall apart.
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Some people are having
a job that they hate.
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I don't know if you know,
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75% of people under the
age of 30 hate their jobs.
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And you're spending roughly
75% of your life at your job.
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So roughly you have three
quarters of the people in America,
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walking around with jobs that they hate,
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spending the majority of their lives
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doing something they hate.
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That's a crappy life.
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And student loan debt never goes away,
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which still doesn't make sense.
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So you could literally be like
a crack head, arms dealer.
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You know, I don't know, like
the worst person, you know,
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go to jail, declare bankruptcy
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and you come out and you have no debt.
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But somehow if you have student loan debt,
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you can declare bankruptcy,
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you still have the student loan debt.
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It makes no sense to me.
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Don't go into student loan debt.
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Don't go to college, learn on your own,
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utilize all this new
technology on the internet.
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I know that what I say
might be controversial,
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but all I can do is teach
you what has worked for me
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over the past 20 plus years.
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I don't talk about things I don't know.
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I get messages every day from
people inundated with debt.
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They hate it.
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They did the wrong thing, they
followed the American dream.
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They listened to the wrong
people and now they're,
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their lives are crap
because they need money.
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They need money just to
put food on the table,
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just to survive maybe they have a family.
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So they have responsibilities.
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So as much as they want
to learn something new
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or not partaking guessing games,
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they feel like their back
is up against the wall.
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They don't have a choice
because they need money.
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And that desperation makes
their odds even worse.
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For me, I'm fortunate
enough to save a lot.
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I don't need money, I
know all about patients.
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I have my money in a
lot of different places,
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but it's mainly just liquid and I'm able
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to partake in the best trades.
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And I'm able to donate 100%
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of my trading profits, to charity.
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Because I love donating,
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I love giving charities,
exposure, talking about them.
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This is actually sustainable charity march
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called Save the Reef.
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If you click the link below,
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I'm gonna take you to save the reef.org.
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This is one of my many projects.
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The coral reefs are in trouble.
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Fashion is such a huge
pollutant all over the world.
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So, I'm very proud that
this merger is actually
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made out of recycled plastic bottles.
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That's a whole nother story.
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For me, I want to accomplish
as much as possible.
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I wanna teach as many people as possible,
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but it's all about
finding good, odd setups,
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staying away from guessing games,
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staying away from the rush
and the adrenaline of gambling
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and trying to feel special
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when the odds are not in your favor.
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I know, I know this is tough to do.
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Vegas exists, where you play
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pretty much any game whatsoever,
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unless like you're a math
genius or a card counter.
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Like almost every game, you have no odds.
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And they try to distract
you with Cirque du Soleil
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or our guess Cirque du Soleil
actually declared bankruptcy.
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I don't even know what's gonna go on now,
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but they distract you
with drinks and shows
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and anything else other than
recognizing that the odds suck.
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E-Trade has a little dancing baby on TV.
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90% of traders lose.
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What kind of sick baby
dances if you loses?
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That's not a baby that
I would like to know.
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If it were more realistic,
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that baby would be all black and blue,
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it would be bloody and it
had to be blurred out on TV.
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That's the trading industry.
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I'm sorry to break the hearts of all
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the Robin Hood out there,
who just want unicorns
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and parts of gold.
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That doesn't exist.
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Robin Hood actually doesn't
charge you for commissions,
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they just take a bigger
slice out of your executions.
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All the Robin hunters are like,
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I'm not paying any commissions
and you save three,
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five, seven dollars on commissions,
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then you lose 30, 50, 100
dollars on crappy executions
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or lack of short-selling or
lack of pre-market trading.
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Don't even get me started.
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There are so many
inefficiencies and it's due
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to lack of education, lack of preparation.
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So, do me a favor.
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Ignore the degenerate gambling, Schmiegel,
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loving, precious, loving
inside of you, right?
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And focus on predictable, less exciting
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but setups that are in your favor.
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Click the link below.
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It's gonna take you to
a free presentation.
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I have narrowed it down,
I've done all this.
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I've been, you know, I don't know,
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experimenter, the test case,
whatever you wanna call it.
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I've done all the tests
over 20 plus years,
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I wanna narrow it down to
the three best patterns,
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I made this presentation free.
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So you have no excuse not to study.
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It's not about gambling,
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It's not about action or adrenaline.
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If you want success in life,
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choose highly predictable setups.
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And if you don't know
what I'm talking about,
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click the link below and learn, study up.
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You're welcome.
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