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This Great Penny Stock Trading Chatroom Even Surprised Me

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Written by Timothy Sykes
Updated 2/28/2017 8 min read

There are so many chatroom’s, forums, communities and websites in the world of traders, especially the penny stock trading world, but the vast majority of them are worthless and even dangerous. So you must be VERY careful who you learn from, as this ridiculously long bull market has opened the door to many fakes who you can see – don’t show ALL their trades transparently and many of whom simply buy low float stocks in the hope of spiking them all within minutes, or even seconds, with no real strategy at all ! Hence why they’re not real Trading Millionaires and therefore cannot show any multi-year trading track record, like I do here because they’re just pretenders.

It’s truly astounding more “teachers” don’t simply share live trading videos like I do HERE** and HERE** and HERE** and HERE** for example, after all if you’re real why wouldn’t you do this?

But in the past few weeks I’ve been VERY surprised at how great one of these chatrooms has become and it’s quite a shock for me since I usually think of these chatrooms as the least important places to learn, preferring to point my students to comprehensive study guides like this and this instead.

For those of you who don’t know, I actually have 2 chatrooms, one for these newsletter subscribers and one specifically for my Trading Challenge students and as I posted in this video today, my Trading Challenge chatroom has really emerged as among the best educational chatrooms I have EVER seen. So while I’m very proud that it resides on my Profit.ly website, its greatness has little to do with me personally, watch and see why:

**

The reason why it’s so great is that it’s headed by not just one or two great traders, but now nearly half a dozen truly profitable and helpful traders going back and forth with exclusive alerts, commentary and even mentoring upcoming Trading Challenge students, it’s staggering how useful it has become lately and I must thank a few key individuals for all their hard work at transforming this one-time newbiefest into a solid real-time tool, one that every trader can utilize if they want to help increase their odds of success.

The key to the transformation of this chatroom begins with my top Trading Challenge student/now teacher Tim Grittani who just passed $4 million in profits** the other day along with my 1st Millionaire Student/now teacher Michael Goode who also just passed the big milestone of $2 million**, they’ve both gotten incredibly good at teaching and sharing useful information ridiculously fast.

I bring up their profit stats not just to brag, but because my top students and I differ from other communities in that we’re fully transparent, so you can see ALL of our trades publicly, wins AND losses, the good, bad and ugly. We don’t hide from our losses, we actually highlight them and write blog posts about them as you can see here:

20 Lessons From $2 Million In Losses

Losing $180,000 in a Day & Other Millionaire Lessons

Because unlike too many traders whose egos are more fragile than Faberge eggs, we don’t mind looking like idiots with our sometimes lack of discipline on trades because guess what, IT HAPPENS TO EVERYONE, and the sad fact is that most people just don’t dare fess up to it publicly, pretending instead to be “perfect” traders, mistakenly believing that nobody realizes what they’re actually hiding. So it’s far more beneficial to learn from someone who shares everything – as that’s the secret to a complete education, not a sugar-coated one like too many newbie teachers who have never made millions of dollars themselves provide in that BS chatrooms, where their students only discover their incomplete education AFTER substantial losses…losses, that these other chatrooms like to sweep under the rug in fear of being exposed.

Also, I must mention 2 upcoming Millionaire Trading stars, the $700,000+ profit man**, my student of the year 2016 Mark Croock:

**

…and the $772,000 profit man**, upcoming student of the year 2017, Steven Dux who I profiled here:

**

…as they are both now giving exclusive stock trading alerts, video lessons and mentoring other Trading Challenge students (but I still beg you guys, please go easy on them and let them focus on trading when they need to, as I want them to become millionaires sooner than later!)

More important than just the trading profits of the leaders of this chatroom, unlike other trading chatrooms the discussions in my Trading Challenge chatroom are not limited to solely tickers and alerts only, because the emphasis is to NEVER follow anyone’s trades, but to learn from them and thus increase your education and become self-sufficient.

I know this is not what most traders want, they prefer being fed tickers and ideas and then acting on those ideas because they crave action and to feed their degenerate gambler instincts, which is the main reason I have more Millionaire Students than anyone else, because my team and I turn away degenerate gamblers who only want hot stock picks as they make for lousy students, wasting our time with their flawed mindset, never achieving the proper mentality to actually become successful traders themselves.

That’s why I’m SO proud that my top Trading Challenge students go into detail with the reasoning behind their trades, and potential trades even, explaining when they enter, exit and/or increase or decrease their position sizes and willingly answer questions all day long from other students looking to learn and become self-sufficient too. In short the perfect environment for trading education , NOT HOT PICKS.

Obviously, I contribute my own trading alerts, commentary, guidance and Q&A to the trading challenge chatroom too, but for the past few weeks since I’ve been in Asia opening several of my charity’s schools, I’ve just sat back in awe as the 4 traders mentioned above and even some other top trading Challenge Students like Bob, who I profiled here in the blog post “This Is Working Right Now: 7 Tips To Making $7,000 in a Day“** and Evan who I profiled in this blog post “4 Lessons From My Student Who Made $4,000 In A Week“** provide so much value in the Trading Challenge chatroom and they willingly go back and forth with Trading Challenge students asking soooooo many questions, so much so that it inspired me to write this post because until now I never really understood, appreciated or gave credit to how great a community my Trading Challenge students have built.

I’m a BIG believer in communities helping each other learn as if you remember as I explained in detail in this free book, I never had a mentor and had to learn everything on my own the hard way -over far too many years, making so many bone-headed mistakes and causing unnecessary losses because this technology, transparency and close bond of trustworthy traders didn’t exist 2 decades ago.

So, I am so very proud of all these guys mentioned above, and many more too in the Trading Challenge chatroom who I didn’t list, but I appreciate each and every one of you and thank you for helping me teach others as the key to success in this industry is has nothing to do with any trader vs. trader mentality, but traders helping other traders master their own emotions and discipline as the #1 problem most of us have is trying to control our own egos, as I outlined in today’s video lesson here:

#4615-4620: A Great Lesson On Discipline, Ego & Strategy On $ROX $ABWN

**

Definitely leave a comment below if you’ve been in the Trading Challenge chatroom and agree with my thesis here or if you’re interested in joining my Trading Challenge, as long as you have the right mindset and are NOT looking for “hot picks”/to follow alerts from ANYONE but instead you’re interested in life-changing financial education.



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Comments (95)
David HoffmanFeb. 12, 2021 at 12:43 pm

In my first year of focused trading, I have gone finished the year 130% on top. How does this compare to your current students? I was able to do this by predicting several jumps with IGC, and a focused strategy rotating between USCR, HMY, XXII, APHA, LOVE, and then I hit with penny stocks such as SING and ABWN. I actually busted a bit on SING because I was making some day trades buying low and selling high to make 20% here and there on a daily basis, and as a result I missed a rebuy of 250,000 shares right before it spiked from .0038 to a penny. That one hurt.

Timothy SykesFeb. 15, 2021 at 10:17 am

Not bad. 20% is a solid gain on any trade. Singles add up.

Blaise BuffalinoDec. 10, 2020 at 5:12 pm

Hey, I just joined the VIP list for the Trading Challenge and I’m starting to immerse myself in all the different links and educational posts you have to offer. This was a nice read and it’s good to know I’ll be interviewing to try and get into a community that focuses on the whole rather than individualism. Working together as a team is something I’ve always been a fan of, as I was a DI athlete and played on sports team my entire life, but it does come down to putting in the time and effort yourself to making sure you are holding up your end of the bargain. I’m excited to learn and can’t wait to dive into more content!

Pilar ArqueroNov. 13, 2020 at 5:50 pm

As I go through so many information that you have been sharing, it became more interesting and challenging. I kind of understanding more and more, the repeat process of reading, hearing, the system the more I am learning, though I need to go back most of the times to review, review what I had learned, to get it better and clearer. It is really your passion to teach, and what you are doing is becoming so admirable for people like me learning your good, thriving strategy. My appreciation is becoming more and more for your kind, honest sharing, which is quite difficult to find in many places. God had chosen you to be my help/mentor. God bless and thank you.

SilverNov. 13, 2020 at 5:07 pm

I am. I want in the Trading Challenge. I don’t want hot picks. I want to learn.

LIONEL MOORESep. 26, 2020 at 4:48 pm

Loved every minute of this. It is PRICELESS!!! Is there a different rate for profitly for your “Challenge students” or is it the same price as the silver plan

Timothy SykesOct. 06, 2020 at 10:01 am

Trading Challenge gives you access to more training materials including DVDs, live webinars, and archived webinars. Apply here: http:tim.ly/sykesmc

Brandon SladeJul. 20, 2020 at 3:48 pm

I am definitely looking forward to working with and learning from this group. I am awaiting my interview as I type this and look forward to talking to all of you in the future.

Jarek DenhamJul. 17, 2020 at 1:58 pm

i have always had big dreams growing up, i used to think that 12 years of college was what required the millionaire lifestyle, not to mention a cubical with no windows. I said thats not for me. I love fishing and being active so i pursued welding. but after doing research on all the harmful chemicals that i can be exposed to. not to mention blinding light. I am iffy on what to do. But when i saw the trades when Tim Sykes and not having to be in a cubical, no 9-5. I said to myself, thats what i want. so im here to say i will give it my best and im here to work hard and learn.

Timothy SykesJul. 18, 2020 at 5:36 am

GOOD! Study, study, study!

Steven D MurrayJun. 25, 2020 at 9:46 am

I look forward to learning something new at age 52 after having a terrible accident at work, which has left me at home now for over 2 months. Thanks

robJun. 24, 2020 at 10:31 pm

great intel! interview tomorrow. excited!

Rodney NapoleonJun. 21, 2020 at 6:00 pm

Wow! It’s a different feeling watching and listening to you now that I am one of your students I’ve been watching you for a couple years now going through my learning phase I am self-taught so I listen and watch a lot of different Traders on YouTube and also read several books I know there’s a piece or two to my puzzle that is missing and without those pieces I know I will always be a frustrating Trader because I will always feel I am not at my best and I’m not going to live with that feeling so I am now seeking help. What brought me back to you Mr. Sykes, you are very entertaining to me I have never seen a person who is truly being themselve in fact I don’t think there is one I think everyone act, speak and dress according to what they think is expected of them including myself, to truly be yourself have to be such a great feeling and one day I would like to be like that maybe not exactly like you lol but close to it but to me that makes you trustworthy and I feel if anyone I can trust to help me find the misses pieces to my puzzle would be you and your team, I’m excited and thank you very much for accepting my application.

Timothy SykesJul. 11, 2020 at 6:09 am

🙂

Tanica WestJun. 16, 2020 at 1:19 pm

Tim you instructed me to write below the video “This will happen again” then towards then end of the video you reminded us to send the words “I see it”, but the initial directive was 4 words. Have a great day!

Shandra L. ByrdJun. 04, 2020 at 2:14 pm

Been watching the videos and doing the homework…… can’t wait to get started with the challenge. There’s so much information to retain but I’m excited.

JosephJun. 02, 2020 at 6:00 pm

I realize you are extremely busy which is something I do NOT envy, but completely understand. Wait until you reach your 40’s or even 50’s, I had to finally call it quits and retire on a shoestring. I really do not know how you keep up with it all. Long story, so, I won’t waste your time, but I did want to pass along a heartfelt appreciation for your recent donation to Thailand. Helping to feed the elephants and your ongoing work with the schools is an incredible achievement at your age. I must confess, you have shamed me into getting involved with helping those much less fortunate than ourselves. Anyway, I had to drop you a message and thank you personally for your philanthropy efforts. Side note, I had my interview, unfortunately, it is 35% of my annual budget in Thailand. So, while I have the time to study every day, the motivation, and the foundation to build upon, I fall short of the tuition. If all goes well… the SuperNova Alerts will put me in a position to try again later. I hope to be your 1st Millionaire student to give 1/2 of my trading profits to your Charity Foundation. Stay safe, Joseph

ShayJun. 01, 2020 at 9:57 am

I love how passionate you are. I am set up for interview today. I really want to change my life and my family life. I have zero knowledge in stocks. I have STASH, Acorn, and RobinHood and I honestly don’t know what I am suppose to do. I been watching videos on youtube to help guide me. I love being in a community full of winners and people who are helpful. People who want to see others wins. School loans soon to come for me. Retail jobs are just getting by. So I believe that a light led me here. I am willing to put the work in. I don’t have $1000 to start with but I hope $500 will surely turn into $1000 with patient.

Timothy SykesJun. 02, 2020 at 4:39 am

Keep studying and focus on the process. My top student Tim Grittani started with only $1500. NEVER give up!

Salvatore Lo PiccoloMay. 11, 2020 at 9:35 am

Today , my journey begins!!!

Carlos IrahetaMay. 11, 2020 at 12:21 am

The amount of information that you provide for free is truly amazing. I’ve watched countless of videos trying to learn the ways of the market but something about you seems so genuine. Seeing how you’re still replying to comments years after this was first written. How you seem so proud of your top students, amazing! I can’t wait to take the challenge myself, but as you say it’s a marathon not a sprint! I’m so committed into dedicating hard work into making my dreams a reality through you and your students mentor ship. I have an interview May 14th. I’ve already started preparing and hope it goes well! I’m ready to work hard. I’m ready to learn and put the knowledge you are willing to share to the test!

Kym GApr. 29, 2020 at 3:51 pm

You have a lot of material out there Tim. I am happy I stumbled on your interview on the Steve Harvey show. I so badly want to learn the trading and investing stock world. I opened a trading account in January with good intentions of trying to learn the market. I laughed during one of your videos when you repeated “just be real”. LOL. I look forward to my interview tomorrow to see if I’m real enough to become one of your challenge students.

Brian BubbApr. 16, 2020 at 4:30 am

Just wanted to say thank you for openly sharing all this information without the usual BS and shadiness usually attached to things like this. I looked into stock trading about a year ago and found you. I did a bunch of research trying to decide if this was legit and if it was the right move for me. Unfortunately, I got distracted with life for a while, so I had to put these thoughts on the back burner. I’ve always had a sort of optimistic skepticism about trading stocks in general because I’ve always been of the belief that if it looks too good to be true, it is. However, the more of your work that I read and watch, the more hopeful I become, and I truly believe that if I study and build the proper foundation I can also succeed. Normally I would have internal alarms warning me to stay away, but your honesty and transparency make it difficult to do that. Seriously, you lay it all out plain as day, and I honestly feel it would be illogical of me to not take advantage of it. So I’ve finally decided to take the plunge and try it for myself. You only get one shot at life, so you might as well make the most of it and leave no stone unturned. And I’ve been itching to test this out for a while. Fortunately I like experimenting and trying things. Nothing ventured, nothing gained! I have an interview April 17th, and I am looking forward to this new path whether I am accepted or not. Either way, I do believe this is something I am capable of doing. Could I be wrong? Could this be some elaborate scheme? Guess I’ll find out.

Timothy SykesApr. 17, 2020 at 3:17 am

YES! Good luck on your interview. Just remember you have to be willing to study every single day. Then DO IT!

BrandonApr. 15, 2020 at 3:22 pm

Hello Mr. Sykes,

The chatroom seems like from what you’ve described a very useful tool for traders to connect, be transparent while learning about each-others trades.
Great thing to remember, when In doubt always select study material over the chatroom.

Best,
Brandon

Timothy SykesApr. 17, 2020 at 3:20 am

It’s the best. I LOVE my chat room. So many focused students and experienced traders.

Mo JunaidApr. 03, 2020 at 1:39 am

Really, Enjoyed reading and watching this very valuable information 🙂 thanks Tim you’re a gift to our world

Timothy SykesApr. 08, 2020 at 1:27 am

Thanks!

Eric RothrockApr. 01, 2020 at 7:38 pm

I have my interview set up for this Friday. I’m more than excited to get this journey started. It’s a rather long story that led me here, but I want you to know its by no chance that I stumbled upon then signed up for your Millionaire Masters program, and will (hopefully) soon be a part of your challenge team. I look forward to the day where I can share this story with you and many other people. I’m all in and once I speak with Jared on Friday I believe he’ll be able to see that. I’m not one to shy away from hard work, so I’m looking forward to diving into your Millionaire Masters program even more than I already have, and to learn from you and you team!

ChasitiyFeb. 18, 2020 at 5:50 pm

I would love to become your next student! Hot picks aren’t going to help me, I want the knowledge to do it on my own and in turn hopefully help others learn as well !

Timothy SykesFeb. 19, 2020 at 9:42 am

GOOD! Be sure to read The Complete Penny Stock Course.

Karen and John JordanAug. 16, 2019 at 6:20 pm

Hello Mr Sykes, My wife is a teller at a bank and I am a newly retired electrician. 33 years. We have been trying our own on stocks. Hit and miss results. YOU ROCK!!! W e are old school. Lol. Your helpful insight and genuine concern for us has been admirable. We have just got notice of a possible entry into your fantastic program. Just wanted to let you know how excited we are. We appreciate your sincerity. It is an honor just to get to this stage. Your teputation preceeds you with us. Thank you very much. Even if we are not accepted you still rock!!!!

Timothy SykesAug. 24, 2019 at 4:03 am

Thanks! Make sure you read this, too: https://tim.ly/jbook

Sulaiman NiaziAug. 03, 2019 at 2:45 am

Big Fan Tim Sykes I live in Afghanistan and want to be ur first student here but we have a problem we dont have stock exchange but we do have forex and forex market contains a bit penny stocks i think so Like Nasdaq but when i try for other brokers like interactive brokers etrade but they doesnt have a choice of Afghanistan In there Country and Residence Catagory
I am really Excited To work with u Sir

Flora Jean WeissJun. 12, 2019 at 12:45 pm

I am studying and working on understanding all the information that is at my disposal. I am looking forward to be a challenge team member. Self sufficient is the best that anyone can ask for. Learning from those who are where I want to be is the best way to learn what I want to know in order to become self sufficient and a profitable trader. I know it’s a long road and I love learning and doing.
Thank you and the others for all you do and share.

Timothy SykesJun. 17, 2019 at 8:37 pm

🙂

John FehrMay. 09, 2019 at 9:04 pm

I may have to watch the videos 3 times like Mark as well. Come hell or high water, I’m gonna do it. 🙂 Looking forward to working with you, Tim.

Timothy SykesMay. 12, 2019 at 6:25 am

GOOD!

PamApr. 17, 2019 at 8:36 pm

I can’t wait to be on your team; studying your video lessons and trying to absorb the information.
Thank you for giving ordinary people a hope they can reach for
to get off the treadmill of debt,to break the chains of oppression from their work place, and the selfish greed that dominates many who reign in big business.
———-Freedom

Timothy SykesMay. 01, 2019 at 3:12 am

Awesome!

Mechack KaindaApr. 15, 2019 at 1:35 pm

I’m so excited! I can’t wait to work with you Tim

Timothy SykesMay. 01, 2019 at 3:14 am

🙂

Marque J. DanielsApr. 10, 2019 at 3:31 am

I want in. I deploy for a living and I watch your videos and read your content. My goal is to make it home, in America.

Timothy SykesMay. 01, 2019 at 3:17 am

GOOD!

Jaime.RMar. 21, 2019 at 5:36 pm

Thank you for the confidence, insight, tools and lessons I can’t wait to really get things going with you and your team.

C-HaddockMar. 11, 2019 at 10:07 am

Just signed up!!!!I can’t wait to be as successful as everyone else! Tim, looking forward to be a f***en millionaire! You are a genius! Confident yet humble!

SurajJan. 31, 2019 at 3:17 pm

Hi Tim,
Been following you for some time now. I am a newbie in trading. I want to learn and get into the penny stock. Signed up for your VIP Training but it led me to your Trading Challenge, which I can’t afford at the moment. Your other monthly plans looks suitable for those traders who are already in the game. I tried to learn from all of your blog and youtube videos but it is still confusing and don’t want to stab a knife in dark like you said. So, If there is any other way to get started in the right way under your guidance please let me know.
Thanks

Brendan DukeJan. 08, 2019 at 1:18 am

I’ve been a part of a pretty large trading group and they have diverse goals and strategies that many are successful using. I’ve been introduced to investing, but I am so interested and intrigued by the community revolving around trading. I am infatuated by the stock market right now, and I could see my personal knowledge really growing with this community. Really well built Tim!

Brian JohnsonDec. 27, 2018 at 2:22 pm

I’m very grateful for all the information I have been given since I have signed up. Looking forward to learning more. Be new to trading world I’m opened minded and ready to learn.

Marc G SrDec. 24, 2018 at 1:58 am

Well its almost 1am and i just watched your video and your folks are going to call me today around 11am est…..i want you to know i am maybe going to be your oldest student, but you never stop learning and i look forward to learning now the right way from an expert . I have worked hard all my life, worked my body till there wasn’t much left, but i can type still and think and know an artist when i see one, and i want to learn how to paint my story as well as you have painted yours, and in return i will also paint for others, i will promise to pay it all forward because that’s what this is all about period.

AviOct. 18, 2018 at 1:38 pm

I’m just skeptical Tim is replying to all these comments, I think they’re just part of the post to mimic a conversation because Tim is a marketing genius. C’mon dude, these popups on the landing pages are quite repetitive, I’m in your mailing list multiple times because these repetitive popups…Shoutout to InfusionSoft! (I’ve worked with them before, that system is brilliant and the future of the internet)

🙂
That said, Looking forward to getting into the program at the right time.

Timothy SykesOct. 18, 2018 at 2:09 pm

Fuck your skepticism and “marketing genius” bullshit, I have the most successful students out of anyone teaching, that’s why my biz is booming and I personally look at all comments/DMs/messages…it’s good to be real and apology accepted in advance, study up and see how motherfucken real I am

AnonymousOct. 17, 2018 at 10:47 pm

I am a newbie trader, and I’m enjoying all the learning material that was presented in the video, and in Tim’s book -which I am binge-reading! I am looking forward to my interview.

Timothy SykesOct. 18, 2018 at 2:09 pm

GOOD!

george burlSep. 19, 2018 at 3:01 pm

I have been studying and also relaxing my brain, I have screen shots of the graphs you teach in front of me all the time along side of the printed are the rules you teach.

Timothy SykesOct. 18, 2018 at 2:09 pm

GOOD!

Jessica VazquezAug. 05, 2018 at 12:24 pm

Hello all I am new to the Group and system. I have been watching Tims system for about two years and this year after working two exhausting jobs and desiring more time to enjoy life Ive decided to get educated under Tim and his team. I am very excited but also know it wont be an overnight change which I fully accept. Thank you to Tim and his team for a real system that has changed the lives of many.

Timothy SykesOct. 18, 2018 at 2:10 pm

Sweet

Victor SpikesApr. 25, 2018 at 9:10 pm

Just getting started in this, I am a believer, I am dedicated, and I would really love the help to Learn! I would love to be in the Trading Challenge. I just scheduled my interview, I’m excited and looking forward to learn everything I can!

Timothy SykesOct. 18, 2018 at 2:10 pm

Cool

ZachFeb. 27, 2018 at 3:19 pm

Waiting for my interview on Friday and can’t wait. Is there anything that I might need to know before hand to really be able to crack open and become your next student and willing to do work harder than anyone else.

Lily L ZhaoJan. 24, 2018 at 11:35 am

As a Tim Sykes Challenge applicant, I have been scheduled an interview with one of your team staff, Mr. Jason Hewlett this coming Thursday. I’m forever grateful for this excellent opportunity and really excited to enter one of the most rewarding professional fields.

You, Tim Sykes, are the master in building a such wonderful and successful team to give the average persons the freedom to do what we want to do in life, for your great mission of creating more millionaires, I respect you tremendously and thank you wholeheartedly!

DiogoDec. 23, 2017 at 7:02 am

The more I read about Tim and his students, the more I’m pumped about this opportunity. It’s great to see that some of the students are now up several more millions than they were at the time the videos were shot. While I patiently wait for my interview, I’m alreayd picturing myself being part of this amazing community. Thanks for sharing all of this!

Timothy SykesOct. 18, 2018 at 2:10 pm

🙂

Andika PratamaDec. 03, 2017 at 2:08 am

Whilst awaiting for my interview, I was recommended to read the blog post and watch the video here by Tyler Maiden. I’ve actually tried the chat-room through the free trial of Pennystocking Silver, and it is a very cool environment with many insights.

Thanks Tim for the education and the opportunity!

Kevin LaneyOct. 31, 2017 at 8:29 pm

I do agree whole heartily with the thesis listed above. I am a newbie so I don’t have much knowledge to offer others of course but what I do know I will gladly share. I have never went on someone else’s hot stock picks and never will without doing my own research. I would love to be a part of The Trading Challenge Chatroom. Thank you

AnonymousJul. 16, 2017 at 6:02 pm

I can’t wait to start my financial education until i am self sufficient. I want to quote an overused statement that goes” don’t give the fish but teach how to fish to build self sufficiency”. I can’t wait to pay it forward as well. I read one article abt your charity schools in Asia and this os one of my hard-from-reality dream…but worh your mentoring it might family come true second to giving my family a far better life. Thanks is advance! AH JUST WANNA LEARN MORE!!!!

Al DingerMar. 09, 2017 at 3:46 am

PROCESS

Pablo HerreraMar. 07, 2017 at 5:58 pm

This is an amazing tool, even greater to create your own chatroom. Cant wait to start learning

DanMar. 06, 2017 at 9:51 pm

Just watched today the vid on your Huracan delivery, I had serious goosebumps and was thinking “could I really attain this kind success ? I applied last night to be a Challenge Student. I’m so excited to apply and do the assignments. Looking forward to getting accepted. Thank you Tim for all the web content

Timothy SykesMar. 06, 2017 at 10:11 pm

Nice, thx!

Jerry MMar. 05, 2017 at 5:05 pm

Thank you much tim!! soon i will be one of your Challenge student just need to adjust my time @ work…

Timothy SykesMar. 06, 2017 at 10:11 pm

GOOD!

tomfinn92Mar. 04, 2017 at 5:31 am

The trading challenge chatroom is awesome, Tim, and I learn so much from all the people you mentioned. Hopefully one day I’ll be able to help others as much as those guys have helped me!

Timothy SykesMar. 06, 2017 at 10:11 pm

YES!

MikeMar. 02, 2017 at 12:53 pm

Can anyone give me some advice or starting points or book on learning the stock market, and penny stocks, as a total newbie with zero experience and zero money? Looking to first learn the 101 of the stock market so I can at least know how to look at a market. So many sources and books out there it’s hard to know what to pick up first

Timothy SykesMar. 06, 2017 at 10:12 pm
Suzie Q ShottenkirkMar. 01, 2017 at 8:55 am

As a new woman challenge student I was a little scared entering the chat room in a predominately mans environment! BUT they all have been a tremendous help in my journey toward doing what I love! So Thank you Tim and chatroom students (millionaire trachers to) for all your encouragement and help to becoming successful!!!

Timothy SykesMar. 01, 2017 at 8:55 am

Awww thanks!

SpaceBoundTMar. 01, 2017 at 12:09 am

This is my first trading chatroom and I plan on it being my last because there is no other place I want to be. I love the feedback on a daily basis and the daily video lessons recapping certain topics, hot stocks for the day (whether you played them or not), and expanding on your thought process of the trade whether it was right or wrong. What you bring to the Challenge Chatroom along with the other great mentors feels almost too good to be true like there’s a catch because everyone’s experience and leadership is invaluable. I’m excited to continue being a part of the Challenge Chatroom and even more excited of what’s to come! See you in the chatroom 🙂

Timothy SykesMar. 01, 2017 at 12:36 am

COOL!

AleksandryFeb. 28, 2017 at 6:19 pm

Actually, I am interested to join your Trading Challenge, but now I can`t, because I do not have money for all – StockstoTrade, Penny Stock Silver, for opening brokerage account, to buy your dvds etc…now I am focus to study your free videos in Youtube, read blogposts…
Thanks Timothy for the education you give for us…and of course you are the man who changed people mindsets, what is very important…
And another thank you is that you show people that there is opportunity to make money – also that you demonstrated that Wolf Millionaire (Anthony Carbone) strategies works too…..

Timothy SykesMar. 01, 2017 at 12:36 am

Nice

Charles YoumansFeb. 28, 2017 at 6:16 pm

Yes Tim – The Community you have created in the Challenge is the Support that is absolutely neccessarty for all of us to learn exactly what the Stock Trading World is all about… In becoming a True Trader & Professional, the Old Style Apprenticeship Technique that your Student Challenge Represents is the Perfect Foundation to build a trading profession upon – Especially when combined with the Tools & Supports you get from The Challenge ChatRoom Community… the Study of Diverse Communities was my Senior thesis in College years ago & I know from my 50 years of Life expereices that only from within a Strong Community setting can People be propelled forward to Heights Beyond themselves – as without it — success is forever illusive & rarely do individuals Succeed in any of Life’s Endeavors… Thanks for the Opportunity You Have Provided for all of us Challenge Students…

Timothy SykesMar. 01, 2017 at 12:36 am

Awww thanks!

MichaelFeb. 28, 2017 at 4:17 pm

The challenge chatroom is the place to be if you want to actually learn how to trade successfully. I’ve only been here for a little over 2 weeks and the cumulative knowledge being shared is priceless. There is much to learn if your willing.

Timothy SykesMar. 01, 2017 at 12:36 am

YES!

Raj PrajapatiAug. 15, 2018 at 11:52 pm

How do I join the chat room? I am so interested.

Timothy SykesOct. 18, 2018 at 2:10 pm
David DorameFeb. 28, 2017 at 4:17 pm

I just signed up for Stocks to Trade. Is there a free chat room that I can join until I start making money for all the groups/software?

Thank you! 👍🏽

Jack LustenbergerFeb. 28, 2017 at 4:05 pm

I couldn’t agree with this post enough!! The community that is the Tim Challenge is one I have never seen before. Its filled with so many people hungry to learn, as well as people more than willing to help. In the short couple months I’ve been apart of this community I have learned more information, I believe most people couldn’t learn in possibly their whole trading careers (considering 90% of traders lose). Im so thankful for everyone in this Chat especially Tim, Mark, Tim G, Michael, and Dux, and I look forward to becoming a great trader and helping others like they do! Thanks Tim for this amazing Community without you it wouldn’t be a thing!!!

Timothy SykesFeb. 28, 2017 at 4:11 pm

Awww thanks Jack!

Timothy SykesFeb. 28, 2017 at 3:59 pm

Just be dedicated and not a junkie wanting hot picks like most people lol

johnDec. 28, 2018 at 8:04 am

DEAR Tim please i would like to find to invest a little money i have to start trading, please help here to do it

CraigFeb. 28, 2017 at 3:55 pm

Great Stuff! What can I do to improve my chances of getting to be a Challenge student?



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

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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”