In episode 512 of the Desire To Trade Podcast, we will be listening to the recording of an interview with legendary trader, Tim Sykes, to discuss what it takes to become a millionaire trader. Tim emphasizes the dangers of trading with leverage—especially short selling—and warns against prioritizing profit milestones over trading discipline. He encourages traders to build their “knowledge account” before risking capital, stressing that trading is more about structure and patience than aggressive action. Drawing parallels between trading and golf, he explains that forcing outcomes often backfires, as the market doesn't reward desire—it rewards preparation and consistency. His goal is to help students use trading as a tool to build a life, not become trapped by it.
The video is also available for you to watch on YouTube.
What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!
What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!