Penny Stock Basics

Attention Game of Thrones Fans: You Won’t Believe What Just Happened

Written by Timothy Sykes

Updated 8/10/2021 3 min read

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Okay, I admit it. I was totally frazzled. I could barely think straight.

I was attempting to congratulate my Trading Challenge student Atiqe.

(He posted on Twitter about passing $100,000.** I shared that video on my blog yesterday. It’s the I Just Got The BEST Tweet From My Student Atiqe.)

When this happened …

… an email hit my inbox. Inviting me to …

… the world premiere of Game of Thrones … the final season … in New York!

Are you kidding me?!?!

Do you know how much of a Game of Thrones fan I am? DO YOU?!

Here’s the email announcement:

“HBO cordially invites you and a guest to the world premiere of Game of Thrones The Final Season.”

Then … I lost it.

Hard Work Pays Off

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I didn’t just randomly win this opportunity. It’s a great honor to attend the world premiere. I’m going to be there with the stars of Game of Thrones. This is epic!

The point is, this is the cumulative effect of 20+ years of hard work. It’s that simple. I have access to special events, meeting famous people, meeting celebrities because of …

… more than 20 years of hard work.

I want to be clear: it’s not just about money.

Money is nice — don’t get me wrong.

But this is about having the right attitude. It’s about passion and drive. It’s about dedication.

I’m so pumped! Everyone who’s a Game of Thrones fan wants to know what happens. And I’m gonna get to know what happens a little sooner than most people. There’s another great stock market lesson there …

As for the Stock Market Battle, Preparation is Key

© Millionaire Media, LLC

If you study my webinars, video lessons, and DVDs enough, you can learn the patterns and setups. You can start to recognize the patterns before other traders. If you study the past, you can be more prepared.

You might not be as pumped as I am about Game of Thrones. Whatever you’re passionate about, when you learn to trade the way I teach in the Trading Challenge, you can have the potential to pursue your dreams.

The reason I’m successful is because I’m ahead of other traders. I’m better prepared. When I play a pattern I’ve seen before, I know what to expect. I know my reward versus risk. I know proper position sizing and the timing on the trade. All these things matter when you’re in a trade.

Look, my life is friggin’ awesome. I’ve got nice cars. I’ve traveled the world and donated millions to charity …

… and I want this kind of experience for you.

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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”