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Lessons From Students

Do You Share the 5 Traits of My 8-Figure Students?

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Written by Timothy Sykes
Updated 9/18/2023 6 min read

It’s true. I’ve turned my bar mitzvah money into $7.5 million. 

But let’s face it…trading isn’t easy. 

The fact is the majority of traders struggle. Most of them lose money, feeling overwhelmed, and close to calling it quits. 

But I’ll be the first to tell you there’s hope. 

I’ve trained over 30 students on their way to becoming millionaire traders.

Two of them, which you’ll learn about today, have gone on to make eight figures in profits, Tim Grittani and Jack Kellogg. 

What do these two traders possess that most don’t?

It boils down to these 5 standout traits. 

If you’re struggling in your trading journey, this might just be the blueprint you need. 

#1 Persistent Perseverance

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Grittani didn’t have it all rosy. In 2011, he began his trading journey, and within three months, blew up his first account. 

But did he quit? No. 

He took that failure, learned from it, and started a trading journal. By 2012, he turned his fate around and became profitable.

Jack, on the other hand, faced massive discouragement. He almost quit in 2018 after losing a substantial part of his account in just two days. 

But he persevered, and by September, he found consistency. It’s this never-give-up attitude that sets the elite apart.

#2 Data-Driven Decisions

Student Who Has Made $10 Million
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In a world where every trader has access to the same information, what makes a difference is how one processes that data. 

Grittani’s methodical approach to trading data, constantly tweaking strategies based on real-time feedback, became his hallmark. 

This intensive tracking was pivotal in helping him transition seamlessly between going long on penny stocks and shorting listed stocks, thereby maximizing opportunities.

Jack Kellogg’s ascent as a trading prodigy was grounded in my 7-step pennystocking framework. Internalizing its principles, 

Jack demonstrated time and again how data, when leveraged with expertise, can be the magic wand that conjures consistent profits.

#3 Flexibility In Strategy

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Trading is about flexibility. Markets change. Strategies that worked yesterday might not work today. 

Grittani demonstrated this by his ability to both go long on penny stocks and short on listed stocks. 

Jack, although a fan of OTC breakouts and dip buys, didn’t shy away from listed stocks, leading to some of his biggest wins.

#4 Continuous Learning and Adaptation

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Complacency is a trader’s worst enemy. Grittani’s quest for knowledge led him to release his seminal “Trading Tickers” DVD in 2015, a compilation of his strategies. Yet, he didn’t rest on his laurels. 

Recognizing the market’s dynamic nature, he released an updated version in 2021, highlighting the shifts and nuances in strategies over the years.

Jack’s journey mirrored this sentiment. From being a novice in 2017 to joining the millionaire club in a mere three years, his trajectory was a lesson in rapid learning and evolution. 

Today, as a testament to his knowledge, he aids fellow traders by sharing his insights through weekly watchlists.

#5 Passion Beyond Profit

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Trading isn’t just about accumulating wealth; it’s about the journey, the growth, and the freedom it entails. Grittani, after achieving monumental success, chose to allocate more time to his wife and children. 

This transition from the screen to spending quality moments with loved ones showcases the deeper purpose trading served in his life – the gift of time.

For Jack Kellogg, the immense profits are just one side of the coin.

His revelation that it isn’t solely about the money, but a larger goal of being etched in the annals of trading legends, paints a picture of a young man driven by a passion that transcends mere material gains.

Do You Have What It Takes?

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While Tim and Jack’s accomplishments are exceptional…they started off with humble beginnings.

Neither one of them had success right off the bat. 

However, they worked hard and continue to work hard. 

A lot of folks have that same attitude but they don’t have the right approach. 

That’s where my team and I can help. 

Everyday we host live training sessions. 

They spread throughout the day which means there’s a time slot that fits your schedule. 

All you have to do is register and sign up. 

They won’t cost you a thing to attend. 

And who knows, it could be a game-changing moment for you. 

CLICK HERE TO RESERVE YOUR SPOT


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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”