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#1 Piece of Advice From an $18.5 Million Trader

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Written by Timothy Sykes
Updated 5/14/2025 5 min read

In this article

  • IXHL-0.34%
    IXHL - NASDAQIncannex Healthcare Inc.
    $0.44-0.00 (-0.34%)
    Volume:  3.44M
    Float:  24.87M
    $0.44Day Low/High$0.47
  • RR+1.06%
    RR - NASDAQRichtech Robotics Inc.
    $6.65+0.07 (+1.06%)
    Volume:  776330
    Float:  38.10M
    $6.41Day Low/High$6.66
  • SPY+0.21%
    SPY - NYSESPDR S&P 500 ETF Trust
    $672.99+1.38 (+0.21%)
    Volume:  561583
    Float:  1.01B
    $670.47Day Low/High$672.99

Jack Kellogg is in Mexico with me right now and we’re meeting with inner circle students to help them understand our trading process.

While we’re here, Jack’s followers had the opportunity to bank on Richtech Robotics Inc. (NASDAQ: RR).

Look at my post below:

Get Jack’s next trade alert.

Here’s some footage from our inner circle session:

Since starting in 2017 with $7,500, Jack has grown his account to $18.5 million (including losses) with a simple trade process.

Make no mistake, the idea behind the process is simple … But for new traders, it can be difficult to master.

Did you catch Jack’s piece of advice in the video above that I posted to X?

Don’t worry, we’ll cover it in today’s blog.

This is how Jack was able to grow his account from a few thousand dollars to multiple millions … And his #1 piece of advice for new traders.

How Jack Grew His Account

© 2025 Millionaire Media, LLC

My millionaire students and I, including Jack, we’re not geniuses.

And we come from all walks of life.

The one thing that we do have in common: We were all disciplined enough to learn a systematic process for trading in the market.

See, when people think about making money in the market, they usually think about one big event that makes them millions of dollars.

Like “The Big Short”, a story written by Michael Lewis about the true account of a handful of traders who shorted the housing market right before it crashed.

People enjoy that narrative because they know that there are risks in the market. And as a result, they have very little chance of replicating a second, third, fourth, fifth, etc. trade of the same nature.

In other words, they know they’ll give the money back eventually. So the first win has to be big.

For me and my millionaire students, we focus on a long-term profit path that we can follow for the rest of our lives.

That’s part of Jack’s advice for new traders. Watch his video below from the inner circle session:

https://x.com/timothysykes/status/1922408380846440546

Too many traders are swinging for 100%, 200%, 300% gains.

Yes, the stocks that we trade can spike that high, Incannex Healthcare Inc. (NASDAQ: IXHL) spiked 950%* yesterday, on May 14.

But it’s almost impossible to time these moves perfectly.

That’s why Jack and I focus on 10% to 20% gains over-and-over again on the hottest stocks.

Even when Jack traded the market bottom on April 7, he sold well before the current rally.

Take a look at the S&P 500 ETF Trust (NYSE: SPY) chart below for reference. Every candle represents one trading day:

SPY chart multi-month, 1-day candles Source: StocksToTrade
SPY chart multi-month, 1-day candles Source: StocksToTrade

Forget about timing it perfectly.

Instead, focus on the process.

The Next Trade-War Setup

In case you couldn’t tell from the chart above, the stock market is extremely volatile right now.

It’s all due to the global shift in trade.

For example, these are all catalysts that moved the market recently:

  • Trump declares upcoming tariffs.
  • The tariffs are put into effect.
  • Trump pauses tariffs for all countries except China.
  • The U.S. and China reach a temporary trade deal.

And hopefully soon they’ll reach a permanent trade deal.

A catalyst like that could be just as decisive as the market bottom on April 7.

That’s what Jack and I are waiting for … 

And today, May 15 at 7 P.M. Eastern, Jack is going LIVE to share his exact plan to capitalize.

Do NOT miss this briefing session!

A permanent trade deal could be announced ANY DAY.

>> Attend Jack’s LIVE trade briefing tonight at 7 P.M. Eastern <<

Prepare now, before it’s too late and you’re forced to play catchup.

Cheers.

 

*Past performance does not indicate future results


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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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In this article (YTD Performance)


* 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”

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