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Success Stories

6-Figure Bryce Tuohey with Secrets to His Profitability

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Written by Timothy Sykes
Updated 4/18/2022 11 min read

Bryce’s Market Edge: Key Takeaways

  • How Bryce became profitable starting with one simple pattern…
  • Bryce proves he isn’t the dumbest guy Matt Monaco knows. Find out what’s behind this “inside joke.”
  • The super small step Bryce took toward exponential growth. (You HAVE to see this.)

Head to the moon every week with Bryce right here!

I like to rip on Bryce. He’s a fun, good-natured guy who can take a joke. But he’s serious about trading. Here’s how my energy-drink-shotgunning student went from a lazy college kid (who dropped out!) to a six-figure trader.

At a Glance: Bryce’s Trading History and Stats

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  • 2018: Starts trading
  • 2019: Launches the Beyond the PDT podcast with Matthew Monaco
  • Spring 2020: Bryce joins my Trading Challenge
  • June 2020: Becomes profitable and drops out of college to pursue trading full time
  • Starting account: $5,000
  • Biggest loss: $14,000
  • Biggest win: $18,000
  • Win rate: 51.5%
  • Total profits as of November 2021: $664,000+

See Bryce’s trading stats here.

And learn more about his journey from underdog to six-figure trader here.

Bryce’s Favorite Educational Resources

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Top Tips From This 6-Figure Trader

Bryce is all about transparency. He’s been sharing his journey with the world since he launched the Beyond the PDT podcast with Matt. More on that shortly.

So how does this trader find his unique strategies? Here are three tips in his words:

  • Experiment with different patterns in the beginning and track your data. Otherwise, you’ll jump from trade to trade without knowing what works.
  • Keep a trading journal to stay accountable.
  • Review your stats to see what’s working and cut out what isn’t. Hone in on one pattern and refine your defined edge.

Sizing Up Slowly — Seriously

I tell my students to trade small at first, then size up slowly. Some really listen, like Bryce. Even though he wasn’t new to trading when he joined my Challenge, he wasn’t quite hitting his stride.

So he radically sized down. Check this out:

  • In May 2020, Bryce decided to risk just $2 per trade! In doing so, he kept his monthly loss to only $166.
  • The following month, he increased it to $5 risk and made over $1,000.
  • Then in July, he increased his risk to $20 per trade and made over $4,000.
  • In August he made over $13,000.

Start small and scale up as you get comfortable. It takes practice!

Bryce’s Top Trading Patterns

  • Listed breakouts. Bryce’s first pattern was buying strength in breakouts. But he noticed when they didn’t work, he took bigger losses. 
  • OTC panic dip buys. When the OTC market got hot, Bryce learned to dip buy the inevitable panic.
  • Trend breaks. He adapted his breakout strategy and now buys consolidation and trend breaks. His goal is to have better risk/reward and get an entry before multi-day listed breakouts.

Bryce’s Hot Market Lessons

Want to be ready for a hot market? Here’s how Bryce would do it:

  • Know YOUR go-to patterns
  • Test and tweak to find your trading comfort zone
  • Nail your risk tolerance

Sounds great, right? Here’s how that played out for him…

  • In January 2021 he made over $140,000.
  • In February he made roughly $200,000.
  • And even when things slowed down in March, he made nearly $25,000.

Dig Deeper Into Bryce’s Story

bryce sitting looking at scenery
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Bruce discovered trading and my teachings in 2018. He and my now-millionaire student Matthew Monaco were college roommates.

But while Matt was dedicated to studying, Bryce admits he didn’t take trading seriously in the beginning. He was a typical lazy student — playing video games and watching Netflix instead of studying.

But when Bryce saw Matt make four figures in a day, he got inspired to get to work!

And check this out … Matt and Bryce were both so determined to expand their trading knowledge and network that they started the Beyond the PDT podcast.

That’s some respectable hustle. Watch the episode where they interview me here.

Bryce’s Smartest Decision in His Trading Journey

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It was roughly 2019 when Bryce finally decided to take trading seriously. But he still made typical newbie mistakes…

He traded random patterns, used random indicators, and thought he could do without studying. WRONG!

Finally, after months of grinding, Bryce got sick of losing. He accepted that the only way to succeed is to study hard. So he buckled down and studied 12 hours a day.

In spring 2020 — roughly two years into his trading journey — Bryce joined my Trading Challenge.

THIS Changed Everything for Bryce

Bryce says the problem with too many traders is they focus on the money in the beginning. He was one of them. Until he realized he needed a BIG mindset shift.

Bryce tells me his trading turned around when he focused on learning.

Now he journals his wins and losses, which he says prevents him from repeating mistakes. He also uploads all his trades to Profit.ly to track all of his trading stats.

Bryce started trading under the PDT. He wanted more day trades so he opened two $3,500 cash accounts. He used small position sizes and small risk. And he stuck to one pattern — listed breakouts.

That’s when it clicked for him. Hard work really can pay off! He decided not to go back to college the next semester — instead, he fully focused on trading.

How to Find Focus in a Crazy Market

Bryce knows everyone has their own strengths and weaknesses. It’s not worth it to compare yourself to others. Get inspired by successful traders, but do what works for you.

All Bryce’s profits come from small gains. He lives by two rules: cut losses quickly and singles add up.

He knows that when you get greedy, the market will humble you fast. His biggest lesson came from big losses. So listen to what Bryce says…

“Have a risk level, control size, and have an edge before any trade.”

Will Bryce — or Matt — Ever Live This Down?

Bryce is more determined than ever to hit the million-dollar milestone.

But here’s what’s funny … When Matt and I were filming the 30-Day Bootcamp lessons, I asked Matt to name the dumbest person he knows. Matt’s answer? Bryce.

Now, I did put Matt on the spot — and he immediately confessed to Bryce. Matt felt terrible about it. Now it’s become a long-running joke between them (and anyone who’s been through the Bootcamp).

But I can’t help but wonder if that lit a fire under Bryce. I know I’m proud of how hard he’s worked to get to where he is now. Keep grinding, Bryce!

Learn With Bryce

Want to learn even more from Bryce’s incredible journey?

Check out every episode of the SteadyTrade and TWIST podcasts featuring Bryce:

And you can learn from Bryce every day in the StocksToTrade Small Cap Rockets chat room. He alerts trades and answers traders’ questions along with Matt and John Papa.

Bryce and Matt regularly post Small Cap Recap videos on YouTube. Watch them all here.

Level Up in the Trading Challenge

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Bryce says he’s learned so much since joining my Trading Challenge. You have the opportunity to access the same materials and education as him and my many millionaire students.

But you have to be up for it. As you’ve seen with Bryce’s story, it’s not a straight path to profits. And becoming profitable is never guaranteed.

Are you ready to take your trading to the next level? Apply for my Trading Challenge. Come ready.

Take a page from Bryce’s book and rev up your dedication!

What do you think? Will Bryce be my next millionaire student? Let me know in the comments below!

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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 (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”