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How Much Success Can a Trader Have NOW:

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Written by Timothy Sykes
Updated 6/6/2024 4 min read

There’s no doubt, my students are KILLING IT in this hot 2024 market.

Freight Technologies Inc. (NASDAQ: FRGT) spiked 170%* yesterday, June 6 after announcing key business updates.

And traders using my profit process had every opportunity to capitalize.

Take a look at the run below:

FRGT chart intraday, 1-minute candles Source: StocksToTrade

For example, my student, Cruz Control, was all over this stock.

And the 230%* premarket spike on Virax Biolabs Group Limited (NASDAQ: VRAX). Take a look at this post on X below:



There is a process for profits in this market.

My students and I all follow the exact same trading framework.

BUT … It’s important for people to understand the reality behind market profits for small-account traders.

Too many people try to apply my patterns and fail.

Don’t waste the insane trade opportunities in 2024!

Here’s what you need to know about trading profits:

Profit Goals

I saw a post on X recently that caught my eye. Take a look below:



Close to $600 in market profits is nothing to wag a finger at.

In a market where 90% of traders lose, $600 a day is a HUGE win.

But … I have to warn traders like Justin … Focusing on the dollar gain can get a trader into trouble.

This is the reality that all traders are bound to: We can only profit as much as the market is willing to give us.

  • Maybe a stock spikes 100%.
  • Maybe 200%.
  • Maybe +300%!

Those all sound like great spikes with ample profit opportunities amid the volatility.

But if the market bums out before a trader hits that $600 per day … They might start to look for profit setups in the wrong places.

Once a trader starts to force profitable setups, they’ve left our trading plan in the dust. And they’re swimming in open waters without a life preserver.

>> Follow us LIVE to understand our trading process <<

Keep Going, Justin!

I am SO proud of Justin’s progress. And I think setting trading goals can be a good motivation tool.

But make sure you aren’t promising yourself profits.

This 2024 market is red hot, and we’re seeing crazy profit opportunities every week. But every bull market eventually pulls back.

In 2020 and 2021 we saw crazy volatility like we see right now in 2024 … but 2022 and 2023 were slower years.

A $600 day in 2024 might only be a $200 day when the market cools down.

Don’t worry, we’re still in the middle of a huge AI push this year. I don’t anticipate a market cool down anytime soon.

But I’m not some sketchy stock promoter who touts the same market profits forever and ever, LOL. We have to be realistic about these plays.

That’s how we protect our accounts and our profits over a lifetime of trading.

My millionaire students are successful because they’re in it for the long term. It’s not about making $1 million and then retiring forever, this is a community that focuses on lifetime success.

See my post on X below to congratulate my newest millionaire student:


Juan’s done a GREAT job thus far. But he’s not done … This is just the beginning of his trading career.

Join our next live stream to start your own journey toward success in the market.



*Past performance does not indicate 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. 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”