40 Lessons From Tim Grittani

Passing $4 Million In Profits

40 lessons from this great achievement since Tim Grittani began studying stock trading with me
nearly 5 years ago:

1. Great success takes time, even though Tim Grittani has arguably the best track record of ANY
trader in the world over the past 5 years.

2. Don’t be afraid to bet big on perfect setups as Tim Grittani is a LOT more aggressive than me
when a solid setup pops up.

3. Don’t run and hide from your losses, highlight them and learn from them like Tim Grittani did
HERE when he lost $300,000 and learned some great lessons from it.

4. It’s okay to start small like when Tim Grittani had just $1,500 to his name 5 years ago, you won’t
have big profits at first anyway so it’s good to test different strategies.

5. Keep detailed notes and spreadsheets on your testing, Tim Grittani explained this well on his
blog in the post “A Basic Example of Spreadsheet Building”

6. Never forget your roots and stay humble. I’ve had MANY issues over the years with this lesson
LOL, but it comes naturally to Tim Grittani and for that I’m extremely proud.

7. Don’t be afraid to change brokers, Tim Grittani and I have both used several brokers over the
years in order to find shares to short on hard-to-borrow names, don’t feel like you have to stay with
just 1 broker.

8. Yes, you can short sell penny stocks, it’s crazy I still get daily emails claiming that shorting these
low priced stocks is illegal, no it’s 100% legal and logical too.

9. Tim Grittani has been on fire in 2017 earning $407,000+ in the first 2 months of the year, but this is
not a 9-5-type job.

10. Be committed to your goals, Tim Grittani didn’t get to $4 million in trading profits in 5 years by
being lazy, while yes, sometimes he takes a few days or even weeks off to travel.

11. He’s had a hell of a run and you have to just take a second to appreciate this and get inspired by
his journey.

12. You don’t need a big fancy office to trade stocks, see how Tim Grittani has traded from some
very low key places when you read “You’ll Never Look At Starbucks The Same Again.

13. You don’t need fancy clothes and be a classy snob to be a great trader, Tim Grittani takes great
pride in drinking his favorite beers and wearing t-shirts and gym/cargo shorts EVERYWHERE.

14. Focus on trading and your goals first and foremost, ignore the hype as even though CNN blew
up Tim Grittani’s story in the classic post “Trader turns $1,500 to $1 million in 3 years”

15. Ignore the financial media as they don’t understand what it takes to be a successful trader AT
ALL.
16. ​Tim Grittani believes in “cutting losses intelligently” instead of my “cutting losses quickly” and
there’s no one right way, you have to figure out what works for you.

17. Don’t focus on your profits/losses on any one play, focus on trading the setup and pattern well
is another Tim Grittani lesson that I completely fail at as I’m obsessed with my profit/loss on every
trade.

18. Milestones don’t matter — Tim Grittani has NEVER been excited about any of his profit
milestones, whether it was $1 million, $2 million, $3 million or now $4 million — because trading is a
lifelong pursuit.

19. ​I know some of these rules/lessons seem very counterintuitive, but that’s what it takes to be a
successful trader and “thinking outside the box” is key to your success and that’s the same reason
why so few people are consistently profitable.

20. Don’t try to mimic Tim Grittani’s success or my success or anyone else’s success, definitely get
inspired by what we’ve achieved, and use it to push yourself to study more.

21. Remember that 90% of traders lose and you don’t have to trade every day. I know those of you
with small accounts are thinking that in order to make millions of dollars it’s going to take TONS of
$20, $50 and $100 gains.

22. To get a better sense of what makes Tim Grittani so successful, watch this great webinar I did
with him.

23. ​Tim Grittani has been a role model not just in trading, but also in our community so please
comment below this post and congratulate him on his great achievements.

24. Tim Grittani DVD guide here has over 3 dozen live trades and I think they are HUGELY helpful for
your education, but here’s one he put on youtube so you can get a taste of his style.

25. Understand that patterns repeat themselves, for example this classic penny stock pattern that
Tim Grittani made $200,000 on keeps happening every few months.

26.​ Learn from Tim Grittani’s monthly recaps and learn to make your own too.

27. ​Some of you have complained that Tim Grittani stopped doing his monthly recaps, but
understand he works his butt off trading and now mentoring other trading challenge students.

28. Get inspired by Tim Grittani biggest and best trades, you can see he bets BIG when the setup is
great, long or short.

29. Learn from Tim Grittani’s biggest losses too and understand they’re a part of the game in
helping you develop into the trader.

30. I know some of those losses would absolutely destroy some of my students, not just your
account, but also your confidence and pursuit of this profession.
31. To his credit, Tim Grittani has really controlled his losses better lately, I’ve done the same over
time as swinging for the fences just isn’t worth it once you see enough in this game over time.

32. While we’re talking about losses, even if you have a giant unrealized loss and you continue to
hold and you’re eventually right about the stock and you might even end up with a profit.

33. Tim Grittani has also experimented with posting his watchlists in the past, read this blog post to
see how to read it whenever he does share this valuable information.

34. Trying to detail 40 solid lessons is REALLY tough, but anything truly worth doing in life isn’t
going to be easy so you must give it 110%. I’m writing this post at roughly 2am my local time and I
refuse to go to sleep until it’s finished!

35. To those who say I made all my money during the tech bubble and was lucky, my best trading
year was in 2014 where I made nearly $1 million and there was no bubble then.

36. Contrary to what many assume, Tim Grittani and I have NEVER made our money using any kind
of leverage with our accounts, the penny stocks we trade are plenty volatile enough to make
life-changing gains.

37. Tim Grittani only trades the most liquid penny stocks and I agree. I can’t tell you how many daily
emails I get from people saying “I know this stock doesn’t fit your trading volume criteria, but”.

38. ​Trade penny stocks near the market open and market close, the first and last hour of the
trading day is where most of the volatility happens and that’s where it’s easiest to make large gains.

39. Dream big, but have patience, Tim Grittani didn’t make $4 million easily or very fast, it's taken A
TON of hard work and time, but now that he has his process locked and loaded.

40. Notice how many times I used the words “Tim Grittani” in this post, first of all it’s differentiate
him from me and one of my other top trading challenge students Tim Bohen.