timothy sykes logo

Success Stories

How I Made $7.6 Million From Trading

Timothy SykesAvatar
Written by Timothy Sykes
Updated 3/11/2024 5 min read

Thanks to this red-hot 2024 market, I recently passed the $7.6 million milestone.

My profit chart is below:

Source: Profit.ly

I have two notes.

  1. I’m not that good of a trader. My student, Jack Kellogg has already pulled $12.5 million in trading profits from the market in a fraction of the time.
  2. This is a marathon. Not a sprint.

Traders aren’t going to make $7.6 million overnight.

There are A LOT of profit opportunities in the market. But you have to take this seriously.

The reason why I’m successful, the reason all my millionaire students are successful: It’s because we put in the work.

New traders see an intraday spike, like TC BioPharm (Holdings) Plc (NASDAQ: TCBP) from yesterday, and they don’t know how to capitalize. Prices spiked 190% before noon.

I bought $18,445 worth of TCBP and rode the spike for a 5% gain. My trade notes are below:

Source: Profitly

I grabbed 5%, there was 190% on the table … And I’m proud of my 5%.

But you could likely do better than me.

We keep seeing plays like this in the market. Stop wasting time.

How I Grow My Trading Account

It’s not just me, my students and I use the same process to trade.

And they’re killing it every day right now. See the Tweet below that I reposted:

Volatile stocks can follow predictable patterns.

The entire framework breaks down into 7 steps. This is what the chart looks like.

The patterns are based on human nature: People are predictable during times of high stress. Like when they’ve got their mortgage money stuck in a volatile stock spiking 190% before noon …

Traders who identify these patterns are free to trade them for profits.

Here’s what a trade might look like, using my TCBP profit as an example.

I was watching for a dip buy on the back end of the spike. I missed some of the dips earlier in the day that bounced off of $2.20 support.

Again, I’m not the best trader …

This is the 5% that I snagged:

TCBP chart intraday, 1-minute candles Source: StocksToTrade

That’s just one of the patterns we can use to profit within the 7-Step Framework.

And as you can see … I left a lot on the table.

Small Gains Add Up!

You don’t need to swing for the fences. A cool 5% here and there is what got me past $7.6 million in trading profits.

Technically, my average profit is 8%. Contain your expectations and you’ll find more opportunities.

See my Profit.ly profile below:

Source: Profit.ly

I share ALL of my trades with my students. Even my losses. That’s how they learn.

You can see above that my winning percentage is 76%. I lose money on some trades. Every trader loses now and then.

But because I focus on the best setups and I cut my losses quickly, my profits outshine my losses.

TCBP was yesterday’s big runner. There will be another play to make today!

And there’s still time to profit.

Pull up the big percent gainers scan in StocksToTrade or tune in for one of the daily live streams.

We cover the hottest plays in the market and outline trade strategies LIVE. Don’t leave your account up to chance. There are so many opportunities to profit right now. It would be a shame to miss out!

Next stop … $7.7 million* …


*Past performance does not indicate future results

How much has this post helped you?

Leave a reply

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

Post image

Get my weekly watchlist, free

Sign up to jump start your trading education!

* 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”