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Penny Stock Basics

Why You Should Join My Millionaire Challenge

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Written by Timothy Sykes
Updated 1/10/2023 7 min read

It was a record profit day for my top Trading Challenge students and I today as crypto-currency and blockchain mania has thoroughly taken control of penny stocks and every day the past few weeks there are not one, not two, not three, but anywhere from half a dozen all the way to a dozen stocks up 50%, 100%, 200%, even 500-1,000% on the day! Check out this little video recap I made today:**

To say its gotten insane lately is an understatement…and to maximize your profits, you must be prepared and my Trading Challenge is the single best educational resource for anyone interested in learning how to trade penny stocks.

Now one of my big claims to fame is that I turned $12,415 into nearly $5 million now by trading penny stocks and while that is impressive, it’s not why you should join the Tim Sykes Millionaire Challenge team…there’s MUCH more to it and than just my own personal profits.**

So if that’s not the reason, then why should you join my Millionaire Trading Challenge? So glad you asked. The short answer is that there is enough wealth to share, and I want to share it with you. But to offer a longer and more detailed answer, I’ll give 8 specific reasons why this Challenge could be the best thing that has ever happened to you and your career.

1. To become wealthy AND self-sufficient. I made my fortune in penny stocks and so can you. My Millionaire Trading Challenge can be the vehicle which takes you down the path toward trading success. Students in my challenge are provided an education on how penny stocks work and introduced to the rules of trading. But my Challenge dives far deeper than penny stocking 101. I teach them how to work the market and how to identify trends and cycles. I also introduce my students to tried and true methods for trading that reliably offer positive returns….and the best part about education is that ALL of my top students have become self-sufficient, they don’t need me at all anymore, I was just their training wheels!**

2. To repeat history. Penny stocks aren’t rocket science. When you really look at the ups and downs, you start to notice that certain trends repeat themselves over and over. Once you begin to notice the rhythms of the market, you can begin to use them to your financial advantage. Even if you start with a small portfolio, you can begin to see profits fairly quickly. Once you master some good trading methods, you can replicate your successes in bigger ways as you earn more money. One of my Millionaire Challenge students, Tim Grittani, is fantastic at identifying patterns and has exceeded $4 million in profits. History does repeat itself; why not take advantage of this fact and be on the winning side, financially speaking?**

3. Dreams, no longer deferred. When you’re a kid, your dreams are a “someday” thing. Now that you’re an adult, what are you waiting for? You’re not getting any younger, and if your dreams aren’t getting any closer, then you’re doing something wrong.

You shouldn’t need to give up on your dreams or live a life that you don’t want. It’s time to claim the life you want to lead. I’m not going to say that money buys happiness, but it can buy a lot of things that can make you happy. My Challenge can help you chase your dreams.

© Millionaire Media, LLC

4. To be a player. Let’s face it: it’s pretty damn cool to make a killing in the market. When you have a successful trade and make money, it offers a rush like nothing else.

However, to really be a player, these successful trades can’t just be flukes. You want to create a strong foundation for consistently making these successful trades. Without an education, you’re just going to be relying on luck. My Millionaire Trading Challenge offers a solid foundation that can help make your trading more steady. There will always be losses, but you’ll be able to minimize the losses by making calculated risks. In the challenge, you’ll not only learn what to do to make money but learn what not to do so that you can avoid losing money. In essence, you’ll learn from my mistakes so that you can focus on the success.

5. Success is yours for the taking. The one thing that separates people from success more than anything else? Fear. Many people have faulty belief systems that dictate that they are not good enough in some way to be successful. Maybe they think they aren’t educated enough, or that they’re too old. Whatever variations on the “not good enough” theme you’ve been telling yourself, it is in fact probably holding you back from being successful.

The thing is, it’s not true. There’s nothing actually holding you back. Success is yours for the taking. There are plenty of people who don’t pursue success and never reach their full potential due to fear. Don’t be one of them. It’s boring, and it doesn’t sound like a great life at all.

© Millionaire Media, LLC

6. Because you need mentors. A mentor who is further along in their career than you can offer many rewards. They can offer information, connections, and perhaps most importantly, they can offer their own hard earned knowledge.

I made a lot of mistakes as an early trader that could have been avoided with the guidance of a mentor. This is part of why I am a mentor today: to help others make their millions without having to suffer some of the mistakes I made. My teachings have helped several of my top students become millionaires and I’m just getting started. Maybe some of them would have found financial success anyway, but they found it far faster with guidance. Take advantage of my expertise and challenge yourself to become even better than me…and the cool thing is that several of my top millionaire trading challenge students also help others learn now, we have a great tight-knit community!**

7. Make the world better for the future. When I began to find success, I had more money to give back by donating to charitable causes, and also began to put more emphasis on teaching others how to find success too. Moreover, I truly began to understand why people give back. Giving back feels good, but it also makes the world a better place.

Think about it this way. If I make the world better by donating my money to various causes and donating my time and expertise to my students, I can make the world a more hospitable and financially successful place. This isn’t just giving to others, it is contributing to making the world a better place and a better economy for me and future generations too.

8. Why not? It’s easy to find excuses for why you shouldn’t do things like join my team. Maybe the Tim Sykes Millionaire Challenge cost is holding you back. Maybe you’re suffering from the “not good enough” syndrome referenced earlier. But, are these things true? Or are they really just fear speaking?

Go ahead and take the plunge. See for yourself what good can come if you give it a try. Why not?

My Millionaire Trading Challenge isn’t meant to be for just everyone. But it is meant to be for anyone who is ready to claim their piece of the pie, seize life, and find their place as a trader.

Are you ready to be my next millionaire student? Leave a comment if the answer is yes and then promise me you’ll work hard every day to actually make it happen as studying and preparation are key!


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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

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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 (205) 851-0506 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”