512: What It Takes To Become a Millionaire Trader - Tim Sykes
What It Takes To Become a Millionaire Trader 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. >> Watch the video recording! Topics Covered In This Episode 00:00 Introduction 00:58 What’s new with Tim Sykes 02:34 The evolution of his trading strategies 04:19 The importance of systematic trading 05:34 Trading routine and lifestyle 08:37 Trading on his phone 10:24 Learning from mistakes 13:57 Mindset and discipline 15:59 Are his trades affected by politics? 17:02 Dealing with unpredictability 17:43 Building wealth through trading 18:26 Teaching trading 19:18 Tim’s lifestyle and the role of charity 20:22 Advice to traders who want to be profitable 22:36 Preparing for market opportunities 23:37 Helping students hit their $1M goal 25:38 Where to find Tim Sykes (links below) 26:21 Final advice to traders What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy Get a copy of Prop Trading Secrets (Author: Kathy Lien & Etienne Crete) About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group! How to find Tim Sykes YouTube: TimothySykesTrader X/Twitter: @timothysykes What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
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28:55
511: Learn Scalping Full-Time From The Pros (1-Hour Masterclass)
Learn Scalping Full-Time From The Pros (1-Hour Masterclass) In episode 511 of the Desire To Trade Podcast, we will be listening to a 1-hour masterclass compilation from past interviews. You'll learn insights from seasoned full-time traders who make a living using scalping strategies. Covering everything from risk management and psychology to business planning and real-world trade execution, this masterclass offers a practical view of what it takes to succeed in high-frequency trading. Rather than focusing on hype or holy grails, the speakers emphasize discipline, preparation, probability-based decision-making, and journaling. If you're an aspiring scalper, you'll understand not only the "how" of scalping but the mindset required to make it sustainable — especially within prop firm or travel-based contexts. The video is also available for you to watch on YouTube. >> Watch the video recording! Topics Covered In This Episode 0:00:00 Introduction 0:00:56 Jean-Francois Boucher: The importance of discipline 0:18:40 Jean-Francois Boucher: Trading on schedule 0:27:47 Jean-Francois Boucher: Trading mindset and managing losses 0:35:45 John Kurisko: Importance of a trading business plan 0:45:58 John Kurisko: How to succeed in scalping 0:53:13 Michael Toma: Scalping while traveling 0:58:42 Michael Toma: Realities of scalping 1:00:24 Michael Toma: Evaluating your results What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
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1:04:15
510: Master the Markets: Trading Psychology Decoded (1-Hour Masterclass)
Master the Markets: Trading Psychology Decoded (1-Hour Masterclass) In episode 510 of the Desire To Trade Podcast, we will be listening to a 1-hour masterclass compilation from past interviews. You’ll dive deep into the psychological side of trading, exploring how emotional regulation, belief systems, and mental conditioning shape trading performance. Drawing on insights from trading legends. Let's unpack how our ancient brain responses sabotage modern trading and what to do about it. Rather than pushing willpower, this masterclass emphasizes understanding emotional triggers, managing psychological capital, and aligning trading styles with personal strengths. It presents trading as the ultimate journey in self-mastery, urging traders to build a mind that performs under pressure—not one obsessed with winning. The video is also available for you to watch on YouTube. >> Watch the video recording! Topics Covered In This Episode 00:00 Introduction 01:14 Brett Steenbarger: Pursue trading performance the right way 16:50 Rande Howell: Learn to understand your emotions 54:12 Denise Shull: The importance of Mental Capital as a trader What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
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1:09:11
509: The Reality of Day Trading for a Living - George Papazov
The Reality of Day Trading for a Living In episode 509 of the Desire To Trade Podcast, we will be listening to the recording of an interview with George Papazov, and he opens up about the realities of day trading for a living—highlighting the mental, emotional, and lifestyle challenges traders face. He shares his personal journey through burnout, health scares, fatherhood, and a temporary detour into the music industry before returning to the markets with a new mindset. The discussion reveals the evolution of his trading style from aggressive scalping to a calmer, more structured and balanced routine. George emphasizes the underrated power of mindset, personal alignment, and routine in sustaining long-term success as a trader. The video is also available for you to watch on YouTube. >> Watch the video recording! Topics Covered In This Episode 00:00 Introduction 01:06 What’s new with George Papazov? 03:55 Navigating burnout, personal growth, and going back to trading 05:03 The shift in trading approach 07:15 Things he stopped doing 09:26 Mindset and mental clarity in trading 12:03 Balancing trading and family life 14:48 The evolution of trading strategies 17:02 Taking a break from trading 20:49 Health, wealth, and the decision to step back 22:50 Similarities between music and trading 27:37 Building skills for trading success 28:15 Where to find George Papazov What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy Get a copy of Prop Trading Secrets (Author: Kathy Lien & Etienne Crete) About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group! How to find George Papazov Twitter/X: @GeorgePapazov What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
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30:50
508: Swing Trading Strategies of The Pros (1-Hour Masterclass)
Swing Trading Strategies of The Pros (1-Hour Masterclass) In episode 508 of the Desire To Trade Podcast, we will be listening to a 1-hour masterclass compilation from past interviews. You’ll learn the stories, strategies, and tips for success from full-time swing traders. This masterclass compiles insights from full-time traders, focusing on adaptability, risk management, and strategic planning in volatile markets. The video is also available for you to watch on YouTube. >> Watch the video recording! Topics Covered In This Episode 00:00 Introduction 00:50 Marc Walton: Be selective about what you trade 24:33 Tony Pawlak: Trade slower to make more money 38:48 Julian Komar: The 360-degree approach to trading 54:55 Peter Varcoe: Pay attention to probabilities What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
About Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interviewed some of the most successful traders from around the world to uncover their lessons and help you become a more profitable trader.
This is the #1 trading podcast dedicated to helping you get profitable and scale up your trading!
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