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How To Make 2023 Your Best Trading Year Ever

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Written by Timothy Sykes
Updated 12/22/2022 6 min read

2022 was an incredible year.

Even if you didn’t hit all your goals, take the time to recognize your success.

You did awesome!

I want you to make sure you get started on the right foot…

…which is why I taped this video which gives you a blueprint to make 2023 even better!

Look, it’s easy to get down on yourself and dwell on what you missed.

So, take a lesson from the name of the latest learning center our charity built in Bali.

© Millionaire Media, LLC

Opening these schools reminds me how lucky I am to have what I have…

…how lucky I am to share my knowledge with others.

© Millionaire Media, LLC

Giving back keeps me grounded.

Now, you’re probably thinking, ‘Are you really helping others with a holiday special?

Yes…yes I am.

You wouldn’t be reading this post if you weren’t interested in trading.

You wouldn’t be reading this post if you didn’t want to learn how to improve.

30+ of my students used my lessons to become millionaires.

My 7-Step Penny Stock Framework is already available to anyone who wants a taste of what’s in store.

And as you review 2022 and prepare for 2023, keep the following in mind…

…because they’ll be crucial to coming out on top next year.

What You Do Now Impacts Next Year

apply to the trading challenge - trading plan
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Every day I send my students my trading plan for the day.

I list the stocks I’m watching, why, and what setups I’m looking for.

There isn’t a day that goes by when I don’t have a trading plan.

Step back from the day-to-day, and I have weekly, monthly, quarterly, and, yes, annual trading plans.

There is no better time to prepare for 2023 than right now.

If you walk into January doing the same things as 2021, then you’re in trouble.

Think about this…

The start of 2021 was a trading bonanza. There were setups left and right.

The start of 2022 was pretty lousy. Markets began to drop, and most penny stock runs lasted a day at most.

I saw this coming as early as November of 2021 when I said I expected a market crash.

My 2021 plan called for smaller sized trades and an abundance of caution.

That served me well as I made a bit more than $80,000 in the first half of the year.

See all my trades on Profitly

It might not seem like much. But given how badly the major indexes did, I’ll take it.

There is a Process

Karmagawa & Timothy Sykes give to the Boys & Girls Clubs of Miami December 6, 2019 © 2019 Millionaire Media, LLC
Karmagawa & Timothy Sykes give to the Boys & Girls Clubs of Miami December 6, 2019 © Millionaire Media, LLC

I can’t tell you how to invest $50 million.

I CAN show you how to take a small account and grow it into a nice nest egg.

Yes, there is some art to trading.

But with the right process, anyone can learn the framework to find profitable trades regularly.

Most traders spend years jumping from one indicator to another…one strategy to another, all in search of something that clicks.

That’s why I start them with the 7-Step Penny Stock Framework and teach them:

  • How to locate Supernovas
  • What to expect from them
  • Which setups to apply to each phase
  • How to execute the trades
  • What risk management entails

Every one of my millionaire students started the same way.

They didn’t all start with the same knowledge, but they all began with the fundamentals.

As they learned and grew, each developed their own style that worked for them.

That’s the ‘art’ part of trading.

That’s how you make it your own.

That’s how you make it sustainable.

Decisions Matter

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Your P&L isn’t as important as you think.

People get it in their heads that if they just make a certain amount of money per trade or certain amount per week, that’s what they should expect and strive for.

Some trades win and some trades lose. That’s part of the business.

You can’t control the outcome, only the decisions you make.

You decide which patterns to follow…

You decide which setups to take…

You decide how much to risk and where…

But even the setups with the highest probability of success can and will fail.

If you make the right decisions over and over, the P&L will take care of itself.

And Always Remember…

Tim Sykes pointing at you.
© Millionaire Media, LLC

You get out what you put into trading.

Make 2023 your best year yet!

—Tim


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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. Read More

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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 (205) 851-0506 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”