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Trading Lessons

Fire At Will

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Written by Timothy Sykes
Updated 5/15/2024 5 min read
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Ladies and gentlemen,

There are soooooo many profit opportunities in the market right now …

This week already:

  • AERWINS Technologies Inc. (NASDAQ: AWIN) spiked 700%.*
  • GameStop Corporation (NYSE: GME) spiked 270%.*
  • AMC Entertainment Holdings Inc. (NASDAQ: AMC) spiked 300%.*
  • Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) spiked 2,300%.*
  • SiNtx Technologies Inc. (NASDAQ: SINT) spiked 530%.*
  • Edible Garden AG Incorporated (NASDAQ: EDBL) spiked 140%.*

And that’s not even all of the runners … See my Tweet below:

When the larger market is hot, we have more opportunities to profit.

On Wednesday the market shot to new all-time highs after The U.S. Bureau of Labor Statistics reported lower inflation from March to April of this year. A move from 3.5% to 3.4% year-over-year.

The goal is between 2% and 3%. We’re moving in the right direction. And the market is ecstatic!

Share prices of the S&P 500 ETF Trust (NYSE: SPY) jumped to new all-time highs yesterday. Take a look at the chart below, every candle represents one trading day:

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

And that’s not the only catalyst pushing stocks higher in our small-account niche.

The meme stock volatility continues to impress, thanks to the spike on GameStop Corporation (NYSE: GME).

Here’s how traders are pulling cash from the market right now:

My Process For Profits

artificial intelligence stocks what to expect
© Millionaire Media, LLC

I’ve used the exact same profit process for over 20 years.

In that time, I’ve pulled $7.6 million in profits from the stock market (that number includes my losses).

All of my millionaire students use this trading process too.

One of my most successful students, Jack Kellogg, has profited $12.5 million in a fraction of my trading career (again, that number includes his losses).

See Jack’s Tweet below from yesterday’s trading:

What a time to be alive.

You don’t need to be a Wall Street bigwig to profit in the market. Thanks to high speed Wifi and software like StocksToTrade, we can profit off of these runners from anywhere.

I like to travel, so my students usually see me in exotic locations. But I’m not the norm …

Take a look at Jack’s photo below for a +$1 million setup:

Source

Is that your bedroom Jack? With a Call of Duty poster on the wall?

You’re a millionaire trader lol.

At least put some real art up there. Maybe a Monet? A Rembrandt? Lmao!

All jokes aside, I’m extremely proud to have a student like Jack. I’m proud of ALL my millionaire students. And all the students who continue to study these setups.

The road to success can be challenging … But the reward is worth it.

Follow Jack’s Next Trade Alert

jack kellogg and sykes in italy
© Millionaire Media, LLC

The student has become a master.

And lucky for you, our community grows traders who give back!

Jack Kellogg isn’t the only millionaire trader who interacts with students in the Challenge chat. But considering his immense success, he’s one of the most valuable mentors that we have right now.

I’m even learning from Jack’s setups.

Yes, we use the same trading process and patterns. But historically, I sell too early. In 2024 I’m trying to grow more disciplined.

That’s why I committed and moved $500,000 into a separate account … Specifically to learn from Jack’s setups.

>> This is where you can find Jack’s next #1 stock pick <<

There are new opportunities every single day in this market.

Pay attention … Or miss out entirely.

Cheers.

 

*Past performance does not indicate future results

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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

* 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”