Hello everyone. I am a current Millionaire Challenge Student and I'm approaching my 1 year anniversary since discovering Timothy Sykes and deciding to start a new career in day trading. I am treating this as if I am going to business school. My expectations are that I can learn, be self sufficient and profitable within 3 years. Here is a timeline of my first year:
June 2016
- Discovered Tim Sykes
- Joined Profit.ly
July 2016
- Bought and studied How to Make Millions
- Signed on as Silver Subscriber and Tim Alerts
- Tested different screeners and software: Stocks to Trade, Equity Feed, DAS Trader. STT was the only one I kept.
July - Sept 2016
- Watched two years of Tim's video lesson library, starting from most recent and working my way backward
- Practice reading charts, making watchlists and trade plans
- Review and analyze how trade plans worked out
Sept - Oct 2016
- Watched Tim's DVDs:
- Trader Checklist
- Pennystocking
- Pennystocking Part Deux
- Pennystocking Framework
- Timline
- Tim Fundamentals Part Deux
- Learn Level 2
- Continued reading charts, making watchlists and trade plans
- Continued to review and analyze how trade plans worked out
- Continued watching new video lessons
Nov - Dec 2016
- Joined Tim Challenge in Nov
- Watched more DVDs:
- Trading Tickers
- TimRaw
- Spikeability
- TIMdicators
- Shortstocking
- Tim Tactics
- School Trader
- Purchased and watched Investors Underground DVDs:
- Textbook Trading
- Tandem Trader
- Continued reading charts, making watchlists and trade plans
- Continued to review and analyze how trade plans worked out
- Continued watching new video lessons, now including Mark Croock
- Joining webinars by Tim, Mark Croock, Michael Goode, Tim Grittani and Tim Bohen
Jan - Apr 2017
- Signed up with Interactive Brokers
- Simulated trading with $30k account
- Lost initially down as far as -$3000 to being up +$6000... a +$9000 turn around from Mar-Apr!
- Decided to start live trading
- Continued reading charts, making watchlists and trade plans
- Continued to review and analyze how trade plans worked out
- Started logging my trades and saving charts
- Started making spreadsheets for different patterns and creating stats
- Continued watching new video lessons
- Continued joining webinars and watching archived ones
- Start analyzing Profit.ly trades by the Gurus as well as Dux and others
Apr - June 2017
- Began Live Trading (in April)
- As expected, started out negative, with small losses. Recently break even.
- Watched more DVDs:
- New Rules of Pennystocking
- Started Read SEC Filings
- Continued reading charts, making watchlists and trade plans
- Continued to review and analyze how trade plans worked out
- Continued logging my trades and saving charts
- Continued making spreadsheets and stats
- Continued watching new video lessons
- Continued joining webinars and watching archived ones
- Continued analyzing other traders Profit.ly trades
As you can see, there is a lot of time and work that I have and still continue to put into this... I estimate easily a thousand hours or more this year. And I have loved every minute of it! Even though I have a long way to go... looking back, I have also come a long way.
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