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Trading Psychology

How To Achieve Your Dreams

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Written by Timothy Sykes
Updated 3/1/2024 4 min read

I’m sick of the negativity.

Everywhere I look …

  • People are sad about the environment.
  • They’re worried about inflation.
  • They’re angry at corporate profits.
  • They’re not living the life that they want.

Helloooooo … This isn’t the 16th century.

It’s 2024. We have cell phones. We have the internet. Not to mention moisture-wicking fabric.

Read my Tweet below:

We have the power to drastically change our lives. In such a way that previous generations never had access to.

Now, if last week was a rough ride for you, that’s OK.

Everybody has good days and bad days. Get yourself up. Dust yourself off. And get excited for this coming week.

Every single day I show up to help my students prepare and profit.

And it’s working! I have over 30 millionaire students. And the testimonies keep rolling in …

We’re bound to see more HUGE profit opportunities as this 2024 bull market continues.

Here’s how to approach the week ahead:

Start Small

© Millionaire Media, LLC

We’re trading volatile penny stocks.

The prices can spike +100% even +1000%. And because the share price is so cheap, small-account traders can load up on shares and ride the percent gain.

That’s how traders like you and me can build wealth.

Trading volatile stocks can be risky …

We use trading patterns like this one to pull profits ‘safely’. But every chart will look a little unique, like a snowflake.

And in the heat of the moment, it can be difficult for new traders to recognize the right price action.

Start small.

Try buying one or two shares and focus on the percent gain. If your percent gain is consistent, that’s when you know it’s time to size up.

I know what you’re thinking: “Sykes, I want to make money NOW. And what if the patterns go away while I’m trading small??”

Sshhhhh, calm yourself.


  • This is a marathon. Not a sprint. You do the training now so that you can potentially make money for the rest of your life.


  • These patterns aren’t going anywhere. I’ve been trading the same framework for over 20 years.

It’s the same framework that my millionaire students use to profit.

>> Take A Look <<

It’s based on human psychology. People are predictable during times of high stress. Like when they’ve got their kid’s college fund in a volatile penny stock.

The fact that you’re worried about making money NOW is proof that the patterns aren’t going anywhere lol.

If a trader is willing to put in the work before the profits, they’re going against the grain. And that’s where we find the real profit opportunities.

It all starts to click for students once they watch a live trading webinar.

I’m presenting all week long. Sign up for the next one.

Make sure to learn something new.  That’s how we grow.


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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 (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”