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100 Pairs of Eyes Are Better When There Are Trades Galore

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Written by Timothy Sykes
Updated 5/21/2026 5 min read

This market is already crazy and we have no PDT rule in less than two weeks!

Thank goodness for the 100+ pairs of eyes in Trading Challenge chat every day.

Otherwise I couldn’t keep up.

There have been near-endless spikers (SO many that I’ve traded sloppily).

Who knows what will happen today?

The Friday before Memorial Day is sometimes a “getaway” day.

In other words, it might be slower if there’s lower volume and no big news.

That said, the market has surprised SO many people over the past few months.

It wouldn’t surprise me either way.

One thing to remember as we go into the long holiday weekend is this…

No matter what happens today and into next week, the more you surround yourself with focused, successful traders, the better chance you have to succeed.

Don’t get me wrong…

A bunch of newbies in their own chat room never ends well.

But if you’re in a chat room like Trading Challenge chat…

The years of experience and number of eyes is almost a “force multiplier”…

One thing to consider (and this is SUPER important)…

Beware of Sketchy Chat Rooms

There are a lot of very shady chat rooms out there. Watch this…

5 Trading Chatroom Scams To Avoid

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There’s even one very well-known guy (I won’t name names but his first name rhymes with loss)…

Who runs a livestream for his chat room on a delay!

Let that sink in.

I don’t know if he front runs his own members, but can you imagine how confused newbies get?

Other chat rooms are notorious for doing rug pulls on their members.

We have a strict “No Promotion” rule in our chat rooms.

I’ve banned members in the past for even trying it.

Also, I recommend you NEVER follow another trader into a trade. EVER.

That goes for me or anyone else.

The point of the chat room is for you to watch, learn, and be transparent. But also…

100 Pairs of Eyes In a Hot Market Are Better Than Just Yours

There are times recently where I just haven’t been able to keep up.

That’s EXACTLY why I try to be in chat as much as possible.

Given that there are plays galore morning, noon, and night…

I’m grateful for the Trading Challenge chat.

If you aren’t in good chat, with experienced and TRANSPARENT traders…

I highly recommend you apply for the Trading Challenge today.

There are SO many great traders (some of them have been with me for years).

Yes, there are beginners there, watching, learning, and asking questions during webinars.

Mari started in the Trading Challenge…

Millionaire Moves

Once again, millionaire student Mari is back with another great video answering her most asked questions…

Mari also talked about…

  • Why cutting losses quickly is so important.
  • The biggest mistake beginning traders make and…
  • How she thinks about risk management.

I’m so proud of Mari. Definitely watch the entire video because all the questions came from her viewers.

With the PDT rule ending, we are entering what I think could be…

More Breaking News

A Summer of Volatility 

In other words, MORE plays galore.

My friend Jeff Zananiri THRIVES on markets like this.

Be sure to watch his FREE live training where he talks about

  • The 24-hour Trade Window
  • Why Volatility Is Fuel
  • A Simplified Hedge Fund System he created for everyday traders

Catalyst Watch

Monday is Memorial Day. I’ll send you an email as usual.

In the meantime…

Set aside time for family and to honor the fallen this weekend. But also do a little studying.

I’m not suggesting you work all weekend, every weekend.

But think how the time adds up if you put in 2 hours a day on weekends for an entire year.

That’s over 200 hours of study.

Most traders are not that dedicated. Study hard to separate yourself from the pack.

On My Radar 

Here are a few links to keep you busy this weekend.

Have a great weekend!

Cheers,

– Tim Sykes



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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.
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* 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”