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10 Lessons From Tim Grittani’s Latest Webinar

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Written by Timothy Sykes
Updated 3/16/2022 12 min read

In this day trading community, Tim Grittani is recognized as the GOAT. Just check out this profit chart

Source: Profit.ly

That’s what Tim Grittani has been able to accomplish as a day trader — over $13.5 million in trading profits. (See a great overview of his trading career here.)

I may have taught him how to trade, but it only took him a few short years to surpass me in profits.

In the past few years, Grittani took some much-needed time off. And I’m ecstatic to announce that now he’s back in action!

Last week, the GOAT gave a webinar to Trading Challenge students. (Catch a sneak peek at the webinar here.)

I had to tune in to see what this amazing trader is up to in this wild market. Read on for my top 10 key takeaways…

Want access to every Challenge webinar? Apply to join us today. 

1. He Trades Very Little

tim grittani with wine
© Millionaire Media, LLC

A lot of people think they need to trade all the time to make money. That’s not true.

Yes, Grittani spent his first few years in the stock market grinding hard. But now he spends less time on trading. He’s actually been working on algorithms that will — hopefully — eventually trade for him. That way, he can spend even less time trading.

Don’t get me wrong. Grittani put in a lot of work to get where he is now. All my millionaire students spent countless hours studying and watching the markets.

But when it comes to actually placing trades … things can get kind of boring.

For example, last week I only made three trades.

Grittani and I wait for the best setups. That’s how the pros do it.

2. He’s Already Found Lots of Volatility in 2022

Grittani might not trade as much anymore, but he knows when to buckle down and take profits.

Within the last month, a lot has happened. Putin’s invasion of Ukraine sent a tidal wave of chain reactions through the markets.

Here’s just a taste

Source: The Guardian

But one of the outcomes was a huge energy sector spike. We saw runners like Houston American Energy Corporation (AMEX: HUSA)…

… and Mexco Energy Corporation (AMEX: MXC)…

You have to be ready to capitalize when things get hot.

3. Grittani Is NOT Perfect

Student Who Has Made $10 Million
© Millionaire Media, LLC

It’s impossible to be perfect — especially when it comes to day trading.

Here’s a stat that might surprise you: As a trader, Grittani’s only right 67% of the time. That should put you at ease. Even the best traders are wrong at times.

Stop trying to squeeze every drop of money out of these stocks. And if your plan falls through, cut the loss quickly!

Grittani missed out on some of the biggest energy supernovas. He was a day early.

And when prices started falling off a cliff, he missed on the short side too. And Tim’s a guy who knows how to profit on overextended stocks. Check out his trade on Cytodyn Inc (OTCQB: CYDY)…

Source: Profit.ly

Let me say this as clearly as possible … If Grittani’s not perfect, neither are you. So relax and focus on the process.

4. He Has Distractions

Stop making excuses. I hear excuses all the time:

  • “I can’t learn to trade because I have a 9-to-5 job.” 
  • “I have kids to take care of” 
  • “I’ve got a bunch of school work.”

Listen, there’s always a reason not to do something. And I have good news — you’re not alone.

Many of my students have gone before you, from all walks of life.

Tim Grittani learned to day trade while working as an insurance agent.

Roland Wolf became a millionaire while raising a family.

And Matt Monaco studied my trading framework while in college.

The road is difficult, but the reward is worth it.

Once he hit profitability as a trader, Grittani was able to quit his insurance job. But that doesn’t mean he’s run out of distractions. In the webinar, he shared he’s been sick and that there’s a mouse loose in his house.

He named it Skitters.

5.  He’s Primarily Long in 2022

I don’t encourage newbies to short stocks.

Day trading is inherently risky. But it’s even riskier for short sellers.

In long positions, a trader can only lose as much money as they put in. But there’s technically no limit to how much money short sellers can lose. That’s not a risk to take lightly.

I know I showed you his $54,000 profit on CYDY. But understand that Grittani’s been in this niche for years. His experience and discipline are what keep him safe.

In 2022, he’s more interested in long positions.

Most traders would take that as a hint to focus on bullish patterns. There just aren’t many reliable short setups right now.

6. Part-Time Trader … Forever?

Full-time day trading is exhausting.

This niche moves quickly. To consistently profit, you have to stay on high alert during market open.

Tim doesn’t regret the work he’s done to get to this point. Far from it. Achieving +$13.5 million in profits helped him realize there’s far more to life than making money.

He prefers spending more time with his family and less time working.

That’s the beauty of this profession. Once you’ve put in the work, your life can become much freer.

Grittani could go back to full-time trading and make a buttload of money. But he seems fine with a couple of million dollars every now and then.

7. Still Working to Refine His Algos

Never give up.

It takes years to do what Gritanni’s done. And he’s still working every day to get better.

He mentioned some difficulty in creating his algorithms. Apparently, it’s difficult to quantify his trading strategies. I figured as much, and that’s why I’ll stick to teaching.

But he’s not giving up on the project. It took years of studying and a lot of hard work to make +$13.5 million in profits. And he’s ready to put in the work for his new project. But it might take longer than expected.

You should approach day trading the same way.

8. Greatly Prefers Breakout Longs vs. Dip Buys

You may need some background info on these setups:

If so, here’s a video on breakouts…

And here’s one on dip buys…

Personally, the panic dip buy is my favorite pattern to play. But Grittani disagrees.

That’s why day trading is so great! There are so many opportunities to profit. My students and I don’t trade the exact same stocks. And even if we do, we usually trade them differently.

Grittani has some great insight into breakouts versus dip buys that he shares in his webinar.

It’s true that breakouts usually have higher upsides.

Daily breakouts have less resistance and therefore can spike higher.

Dip buys run into resistance from the most recent spike. And as a result, they can struggle to achieve the same percentage gains.

But both patterns are viable options for day traders. It all depends on what makes you the most comfortable.

9. Start With Small Positions…

The really great thing about penny stock trading: the price per share is low.

These stocks are cheap. And that’s great for two reasons…

  • Traders can load up on shares and take advantage of big percent gains.
  • Newbies starting out can practice trading without blowing up accounts.

That’s not always how it goes … Just ask Grittani.

His first attempt at day trading resulted in his draining his account.

Learn from his mistakes. Stop trying to make millions right away. Buy fewer shares and practice in the beginning. You’ll thank me later.

Then, as you get better, SLOWLY start increasing your position size while following the same trading strategy.

As you gain experience and confidence, you can even add shares to your positions.

10. Despite His Success, He’s Still Humble

Goode, Sykes, Grittani
© Millionaire Media, LLC

This is a quality I’m proud to see in my millionaire students like Grittani.

It takes a lot of hard work to become a day trader. Pretty much all the cockiness gets beaten out of you along the way.

If there’s anything I can count on in this world, it’s the ability of the market to humble rookie gunslingers.

The market giveth, and the market taketh away.

I’ve seen traders come and go. Some of them learn the right lessons. Some don’t.

That’s why I’ve dedicated myself to teaching traders all over the world. I’m tired of seeing people waste their hard-earned money on dreams of a $1 million stock pick.

This isn’t a casino. If you’ve come to gamble you’ll regret it.

There’s a framework you need to learn, and I’m here to help.

Apply for the same program as Grittani and learn to trade today!

But you’ve gotta show you’re willing to put in the work. I don’t accept just anyone. My trading course is no joke, so we keep the jokesters out.

Did you watch Grittani’s live webinar? What’s one thing you learned from the GOAT of day trading? Leave a comment to show me you understand these lessons!

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Author card Timothy Sykes picture

Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”