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All Posts Term: Tim Grittani Blog
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Timothy Sykes Children and Tim Grittani Blog Video

Timothy Sykes Children and Tim Grittani Blog Video

TimGrittani

Starting from the Bottom Tim Grittani Interview

The Tim Sykes interview started by looking at the past six months of the year. It was a great start for 2019 for Tim Grittani who took time off for a new family member. He took off April and some of May from his daily trading and still made $1 million. He back to full time back in June. Coming back was a little difficult as he forced some trades at times but it did not lead to any large losses in June. He called the June loses “Paper Cuts”, $40,000.

He was able to finish off June in the green (profitable). He updated the site Profit.ly at $8.4 Million overall gains. His best period was a $160,000 week in July. Now his total lifetime overall profit is at $8.5 to $8.6 million.

Grittani discussed dealing with emotion as a life long battle regardless of the amount of time or money earned. It has become easier because the huge losses no longer happen, he added. After his last big loss he sized down and had to earn the right from himself to size up again. Sykes loved this process. He also utilizes a mistakes journal. He would log anytime he got stubborn or played too large or broke some key rule. He would look at the totals for the month in the journal.

Sykes likes to also log his successes so he can find mistakes there also. Like getting out too early or being too aggressive. He likes to look at the progress and the long term outcome. Grittani turns off his profit and loss column while he trades which is something Sykes is unable to do. He focuses on the long-term plan and not the daily results. He thinks in weeks or months. And is able to notice mistakes easier.

After a bunch of wins or losses, he doesn't think about the number of days/trades in a row he is green. ”Don't worry about getting back to break-even on a trade.” Grittani said. "It's a marathon and not a sprint." Sykes added, They both agreed to trust the process, think longer term. In summary, to make life changing money its going to take 2 years. You have to wait for trades to come to you.

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