timothy sykes logo

Penny Stocks News

3 Strategic Adjustments I Made To Stay Profitable In 2022

Updated 7/11/2022 5 min read

There’s one thing top traders always do better than the rest…


You see, market conditions are constantly changing … and if you’re moving with them, then you’ll get REKT like most traders have this year. 

I’m up around $85K in trading profits in 2022, which is nearly 10x less than I had last year this time. 

Now, that might sound frustrating to some folks. But that’s not how I think at all. 

You see, there are two types of markets out there: one for learning and one for earning. 

And right now, it’s all about acquiring the skill set to be a badass trader. It’s perfect because there are fewer opportunities in the market right now. 

Why is that beneficial?

Because it’s easier to spot good opportunities and study them. This is the time to be learning. 

That’s why I’m about to share with you the three best strategies I’ve utilized to stay profitable when most traders have been losing their shirts. 

But first, let me tell you why it’s so critical you start preparing right now. 

In 2019 when the markets were slow, I was working on my setups, mastering the best patterns, and preparing myself for when things picked up. That year, I made $125,000 in trading profits. 

But when 2020 and 2021 rolled around, I had the skills, discipline, and risk management mindset to clear seven figures in trading profits. 

And while most of the get-rich-fast and HODL traders gave up their gains this year, I continue to build and stack my chips higher. 

Here Are 3 Strategies I’ve Used To Stay Profitable In 2022

    1. Smaller Position Sizing: Good traders know to push their limits when opportunities are there and to lay off the gas when they’re not. The markets have been choppy, and although we’re starting to see some stronger trend days, I’d rather play it small until there’s further confirmation. 

    2. Set Realistic Goals: Traders need volatility and liquidity to make quick profits. If opportunities are scarce then it’ll be harder to make the big money. That’s why it’s so important to set realistic goals. 

    3. Adjust Your Trade Plan: In this market, I’ve been taking profits fast and cutting losses even quicker. Why? Because that’s what the market is giving me right now. Holding onto losers can be a real mind f*ck. Just stick to my number #1 rule: cut losses quickly. 

The truth is, trading’s not scary if you trade scared. If you’re able to cut losses quickly, you’ll have low stress and be exposed to less risk.

You’re in control. And although the doom and gloom chatter is running high. I’m very bullish on anyone who comes into this market with the right attitude and mindset. 

If you want to learn more about my latest coaching program… 

Click here to find out more. 

You’ll be shocked at how a few simple adjustments can change everything. I’ve helped over 25 of my students go on to become millionaire traders. 

But I’m hungry for more. 

Why not you?

Take a second to watch this video, to see if I can help. 

— Tim

*Results not typical. Timothy Sykes teaches skills others have used to make money. Most who receive free or paid content will make little or no money. Most traders lose money. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services. Past performance in the market is not indicative of future results.

How much has this post helped you?

Leave a reply

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”