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Trading Psychology

Happy 250th Birthday United States of America!

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Written by Timothy Sykes
Updated 7/2/2026 5 min read

America is a land where any kid with a dream can make a difference in the world.

I’m SO damn proud to be American.

As I travel around the world every year opening schools, saving elephants, and soaking in different cultures…

It only increases my appreciation for everything we have here.

Can you imagine growing up with no opportunity, no freedom, and no way to find your own path in life?

It would be terrible.

I feel SO blessed to have grown up in the United States.

Can we do better as a country? I mean, we have our own issues, right?

But once you’ve traveled to places where kids can’t even get an education unless someone steps in to raise money and build a school…

You’ll never come back home without an incredible sense of gratitude for what we have.

How To Take Advantage of this 4th of July Weekend

Obviously, I’m a day early wishing our country a happy birthday. Today the market is closed to celebrate Independence Day.

If you truly want to take advantage of the freedom you’ve been given (assuming you live here in the United States) then do yourself a favor…

Image created by Google Gemini
Image created by Google Gemini

Look back at the last six months and think about how far you’ve come. We’re officially halfway through the year.

  • Have you accomplished all you wanted?
  • Are you well on your way?
  • Do you need to recommit to studying charts, watching video lessons, and creating watchlists?

Use this weekend to do a reset.

There’s a lot of 2026 left. Let’s make it the best 2nd half of the year possible.

Celebrate Your Freedom

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I also hope you spend time with family and friends.

Image created by Google Gemini
Image created by Google Gemini

Eat good food and watch a baseball game. Or a World Cup game (GO Team USA!) Go to a concert.

Whatever you plan to do, remember that without your freedom it wouldn’t be possible.

Sometimes I think back…

Growing up middle-class, in small town Connecticut, a kid could only dream. But because I have great parents…

And because we live in America where most of us are encouraged to pursue our dreams (at least we used to be)…

I was able to find a path that makes me happy.

Celebrate your freedom. And do something with it. Make a difference.

If you’re struggling with trading, or just getting started, stick with it. It takes time and dedication.

But growing up in America you KNOW that time and dedication pays dividends down the road.

Have a great 4th of July weekend. And… 

Happy 250th Birthday United States of America!

Millionaire Moves

Usually, I like to share something about one of my 50+ millionaire students here. Or students who are on their way.

Today, I hope to open your mind to the potential we all have, just by living in America.

Right now, there are more than 23.6 million millionaires in the United States. That’s roughly 40% of the world’s millionaires.

In the past year alone, we’ve added 440,000 new millionaires.

Now, pause for a moment and think about how that is even possible.

One country.

But why?

It’s all in the idea…

Image created by Google Gemini
Image created by Google Gemini

America was built on an idea.

I know it hasn’t been perfect. But I’m living proof of what is possible. My students are living proof of what is possible.

The 132 schools we’ve built around the world are living proof of what is possible.

You have freedom. You get to choose. If you’re reading this, you CAN do this.

Now go make some millionaire moves. 50 millionaire students is too low. I’d LOVE to help 1,000 people become millionaires through trading.

Will you be one of them?

And if you need something new, register for Ben Sturgill’s Simpler Options Bootcamp.

Again, open your mind to the possibilities

On My Radar 

Key Takeaway

I know some people who take freedom and the right to pursue your dreams for granted.

For me, I do not take it for granted.

Wake up every day and make an effort to get better at trading.

It truly can set you free. But without the freedom you’ve grown accustomed to, it wouldn’t be possible.

Be grateful and enjoy your holiday weekend.

I’ll see you bright and early on Monday morning, ready to take on the market.

Cheers,

 

– Tim Sykes


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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”