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Case Studies-Timothy Sykes Training Program

Case Study: Jack Schwarze’s Journey From Losing Trader to Multi-Millionaire in 5 Years {INFOGRAPHIC}

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Written by Timothy Sykes
Updated 4/8/2022 4 min read

I gave Jack Schwarze the nickname ‘Jack #2’ when he was approaching the million-dollar milestone … He’s the second Jack to hit millionaire status in my Trading Challenge!

But let me be clear that Schwarze is an incredible trader in his own right. This is a young guy who started studying with me — in high school. I love to see traders with this kind of dedication. Think you can get rich overnight in the markets? Get real and think again.

Jack is a perfect example of what’s possible when you truly commit to your goals and education. Check this out…

Jack Schwarze


Jack Schwarze stumbled on my Instagram page when he was in high school and soon became hooked on my trading videos. By 2017, he joined my Trading Challenge, studying my materials throughout college. It was a tough road, but after five years, Jack hit $1 million in profits! He keeps it so real and humble, that he casually announced that big milestone to his parents. These days, he’s still growing as a trader.

From Losing Trader to Super Short-Seller

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2016: Jack subscribes to Pennystocking Silver and opens a $2,000 brokerage account.

2017: After frustrating losses, he joins the Trading Challenge and has his biggest win to date.

2019: Jack starts shorting and finds consistency. He breaks even but nearly blows up his account in the process.

2020: Jack crosses $100,000 in profits in June.

2021: Crosses the $1 million line in February and $2.6 million in profits in July.


Jack’s top strategy is with listed stocks, shorting overextended multi-day runners into resistance levels. He looks for huge volume candles that trap bag holders. Jack loves to take advantage of volatility and always aims to take the meat of the move.

Schwarze’s Trading Stats

  • 53% win rate
  • Average percent gain: 10.99%
  • Average dollar gain: $4,701
  • Biggest winning trade: $124,000
  • Biggest losing trade: $184,000

On a Personal Note…

snowboarding in aspen colorado
Photo courtesy of Jack Schwarze

How does a trader like Jack splurge? This year, he treated himself to a week off to enjoy the views in Aspen, Colorado. The cat lover also indulged in snazzy, self-cleaning litter boxes, and fancy shoes he only wears in July.

Peep the Stats for Yourself

See Jack’s profit chart.

Check out his $100,000 profit milestone.

Take a deep dive into Jack’s stats — including his biggest winning trade. 

Watch Jack Schwarze in Action

What’s your favorite fact about Jack Schwarze’s trading journey? Leave a comment and let me know and don’t forget to congratulate Jack on all his hard work and success!

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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

* 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”