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The Key To Growing Your Two Accounts

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Written by Timothy Sykes
Updated 7/22/2026 6 min read

We’re STILL seeing giant Supernovas.

The moves are just insane.

On Monday, Zhengye Biotechnology Holding Limited (NASDAQ: ZYBT) did the seemingly impossible, going from $1 to the $11s…

ZYBT, 3-day, 1-min candle, 1-Day Supernova
ZYBT, 3-day, 1-min candle, 1-Day Supernova

On Tuesday, China Pharma Holdings, Inc. (NYSE American: CPHI) went big and loose…

CPHI, 2-day, 1-min candle, 1-Day Supernova
CPHI, 2-day, 1-min candle, 1-Day Supernova

CPHI squeezed from $1 to $19+ before dropping back down to the $6s. Then, in after-hours trading it spiked again to the $16s before dropping back to the $8s.

The company’s toxic offering yesterday dropped it all the way back to the $1s.

I’m proud of so many students taking $1, $2, and even $3 per share on these.*

But I’m also concerned because some of them get SO angry when they sell too soon.

With that in mind, let’s put things into perspective (and see why I want to pull my hair out)…

Your Job Is To Grow Your Two Accounts

It makes me crazy.

Even when I repeat myself over and over and over again…

Some people come to trading thinking it’s a “get-rich-quick” scheme.

It’s not (and never will be).

Do some traders make a great living? Yes.

Do some traders make what might be considered a decent yearly salary in a week? Yes.

But the reality is…

90% of Traders Lose

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I don’t say this to discourage you.

In fact, I want you to be encouraged because the losers have ZERO discipline or risk management.

If you can learn to identify patterns, learn to take singles, and avoid big losses…

You can be well on your way to growing both of your accounts. But you have to do it in the right order…

Account 1: Your Knowledge Account

Start by learning how real traders do it. Learn to recognize the patterns as they happen.

Don’t fall for the scammers or anyone who tries to tell you it’s easy.

For example, yesterday, Zhongchao Inc. (NASDAQ: ZCMD) spiked from the $1s to the $11s.

ZCMD, 1-day, 1-min candles, 1-Day Supernova
ZCMD, 1-day, 1-min candles, 1-Day Supernova

But look closely at that chart. See all the gaps? Those are volatility halts.

You do NOT want to get caught in those, because you have ZERO idea whether it is going to skip up or down out of a halt. You don’t even know when the halt is coming.

Here’s something to add to your knowledge account…

You should NEVER try to take the whole move. If you think that’s the answer, then it’s time for a reality check.

None of my 50+ millionaire students take the whole move on ANY trade. And they ALL grew their knowledge account first.

You can grow your knowledge account by joining us tomorrow and Saturday (July 24th and 25th) for…

The Millionaire Formula Conference

It’s free (and is a perfect way to learn, review, or refine).

It really doesn’t matter where you are on your journey, you MUST continue to gain knowledge.

Only THEN can you grow…

Account 2: Your Trading Account

Your trading account is almost a “lagging indicator” of how much knowledge and experience you’ve gained (seriously).

It BLOWS MY MIND when people get a piece of a +1,000% runner and then get angry because they only made $1 per share.

Your trading account grows OVER TIME.

It takes repetition, discipline, and the decision you make today to study hard.

Millionaire Moves

Let’s keep putting things into perspective.

Jack Kellogg is one of my most successful students.

He’s now made $26M+ from trading.*

But do you know how long it took Jack to even break $100K?

Source: Jack’s Profit.ly page
Source: Jack’s Profit.ly page

Based on Jack’s PnL chart above, it took roughly seven months.

But did you know Jack lost his first year? He almost quit, tried something else to make money and then FINALLY crossed $100K in profits more than a year into his journey.

Let me make one thing clear: Jack is exceptional in that he stuck with it and built his knowledge account.

Only THEN did he start to slowly grow his trading account.

On My Radar

I’ve been in Hawaii for a few days now. It is beautiful…

But the time zone is atrocious for waking up extra early, so I’m mostly focused on regular and after-hours trading for now.

Here’s the Key To Growing Your Two Accounts

There is no replacement for time, effort, and experience.

If you really want to break free…

You MUST learn everything you can about the right way to trade.

These big runners are incredible.

But they’re also very choppy (and scary if you’re not prepared).

THIS is the answer…

Study HARD!

Have a great day and I’l be back with you tomorrow.

Cheers,

– Tim Sykes

*Results not typical. Past performance is not indicative of future results.


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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.
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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”