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Enough Is Enough: Why I Teach and Help Others

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Written by Timothy Sykes
Updated 3/4/2021 8 min read

The stock market is full of BS and fakes … enough is enough! 

My goal as a teacher is to help my students understand the whack-a-mole of ridiculousness and speculation that is the stock market. Once you get it, you can potentially benefit from the many informational inefficiencies that can create crazy stock moves.

But I also want you to be better than the legions of zombie traders who can’t think for themselves and just follow alerts.

Alerts are imperfect at best — dangerous and fraudulent at worst. So it’s a much better idea to learn the market mechanics and develop your own strategy based on what you’ve learned.

Why do I teach? Because I want you to become a self-sufficient trader.

Why Do I Help People?

I get a lot of emails like this … people ask me, “Tim, why do you help people you don’t even know?”

Why would I help strangers? Why do I share every single trade? Why do I want other people to build their ‘knowledge account?’

Why don’t I just take my millions, go to a private island, and shut up?

It’s simple. There’s a big problem with penny stock trading, and I have a solution.

(*Please note: My trading results, along with the results of my top students, are far from typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)

Enough is Enough: Helping Others Help Themselves

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There are so many scammers out there … it makes my blood boil.

SO many so-called gurus claim to have the ultimate get-rich-quick strategy. Their promise? All you have to do is follow their alerts!

Bitcoin, forex, binary options … I’ve seen ‘em all.

It’s even gotten personal. Some scammers have even pretended to be me. They impersonate me on social media and try to rob people! That’s where I draw the line.

This is CRAZY. Enough is enough.

Education is the Gateway

I may not be able to stop all the scammers or impersonators. But I can help people help themselves.

The most effective way to avoid scams and find consistency as a trader? Educate yourself.

I’m passionate about teaching. I want to inspire others.

But if you’re inspired by the laptop lifestyle that I live…

If you want to find financial freedom so you can be free to pursue what matters to you

I have the knowledge and the team to help.

My Trading Challenge is an educational program based on what I’ve learned in 20+ years of trading.

I’ve had to shift my strategy multiple times since my start in the market. We’ve transitioned from bull to bear market and back again in that time.

I survived the financial crisis of 2007–2008. This year, I adapted to the current market volatility … And I’ve had my best trading year ever, with over $850K in profits so far.*

I create lessons, webinars, watchlists, and yes, even alerts (for education — don’t just be a follower!) for my students. There’s an awesome chat room community … If you want to get serious about trading, the Challenge is the place to be.

I’ve Been Burned

I recognize the many issues with trading penny stocks.

It makes me angry when scammers try to lure newbies into these sketchy companies.

I’m not perfect … I’ve been burned, too. I was once devastated by a $500K loss. 

You can read about that in my autobiography, “An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund.” It’s no cost to download.

The silver lining to that loss? Hopefully, I can teach my students how to avoid that kind of painful lesson.

There’s only so much abuse you can take from these scammers — enough is enough. I’m not going to make everyone rich, but I am going to teach them honestly.

How I’m Different

I’m not different because I’m the best trader out there. I’m not. I exit trades too soon and leave money on the table all the time. And I make mistakes — but I’m smart about cutting losses quickly.

What makes me different is that I’m transparent.

Because I’m honest, I tell my students things like they’ll have to work hard and learn the patterns I teach. I tell them that it takes years to find consistency.

For example, my top student Tim Grittani started with $1,500. Now, he’s made over $12 million.* Everyone loves that story. Nobody loves the part where he made nothing his first nine months of trading. But it’s real.

People don’t want to work, so most newbies ignore me. But not all of them, and those who listen usually thank me later.

The ‘singles, not home runs’ approach isn’t as fun as the promise of getting rich quick. But it can potentially pay off over time. Just look at Grittani.

Living the Life…

These days, I donate all of my trading profits to charity. I only trade so that I can teach.

I’m already a millionaire.* I don’t need more money. I prioritize my students.

Right now, I’m living my ideal life. I have financial freedom. I get to travel the world and make documentaries. I get to help people. And I get to indulge in all of my passions.

I want you to have your ideal life, too. If you think trading could be the way to make that happen, consider applying for my Trading Challenge … It could be the first step toward finding your passion and pursuing your dream life.

Enough is enough. I want to help you cut through the BS and make your goals a reality!

Are you willing to work hard? Are you motivated to pursue your passion? Leave a comment and let me know what you hope to get out of trading.

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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”