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Trading Lessons

Learn, Rinse, Repeat …

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Written by Timothy Sykes
Updated 7/30/2024 5 min read
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Professional traders in our niche don’t need to learn new trading strategies.

The patterns that we use to trade are always the same!

See, the market’s most volatile stocks can follow price action that’s dictated by human psychology.

Because people are predictable during times of high stress.

All a trader has to do is learn this process and then repeat it on the next hottest stock.

It’s easier said than done. But my millionaire students and I are proof that it’s possible.

Especially in 2024!

If you’ve been following long, you’ve probably seen Jack Kellogg’s multiple +$100,000 trades this year. There’s an example below:

Source: Profit.ly

You might have helped me congratulate my two newest millionaire students, Chris and Evan Schunk …

See my post on X below:

And I have yet ANOTHER example of the insane opportunities in 2024.

Another one of my millionaire students, Matt Monaco, is locking in some gnarly trades right now!

See my post on X below:

Again … We’re using the same patterns over and over.

It’s the stocks that change.

Everyday we focus on the best plays and we wait for the price action to match our patterns.

You can do this too!

Our Trading Patterns:

© Millionaire Media, LLC

Most people think that trading is a lost cause. That these volatile stocks exhibit random price action …

Wrong! So so so wrong!

In between instances of random price action we can see volatile stocks follow specific patterns.

I’m not saying we can track the whole move … If it was that easy we’d all be millionaires.

It’s true, every stock spike looks a little unique, like a snowflake. But within every unique spike there are moments of predictability. That’s what we capitalize on!

I’m not swinging for the fences. I’m not trying to catch the whole move. I just want the “safer” profit setup.

Now … This is the entire framework that volatile stocks like to follow.

Within the framework there are a few patterns/profit angles that we can play.

For example … Right now I’m eyeing Serve Robotics Inc. (NASDAQ: SERV) for additional panic-dip buy opportunities. That’s the name of the pattern that I’m using.

And I’m not the only one … See my post on X below that one of my students responded to:

Source

SERV stock is still up right now …

That means we’re still looking for more panic-dip buy opportunities.

But, these setups are can be dangerous for new traders.

It’s probably not what you want to hear but I’ve got to be honest. I’ve seen too many new traders burned by the market because they don’t understand the risks.

And worst of all, they never come back to the market after getting burned. It’s such a waste! There are real profit opportunities here for traders that know how to play the volatility.

So … Let’s approach this sustainably.

Your Key To Trading Stocks

© Millionaire Media, LLC

It’s time to face facts.

You probably won’t make $100,000 in your first week trading …

Partially because you’re likely starting with a small account. And partially because you don’t know what to look for.

Get over it …

Take it slow at first!

Once you learn the process for profits, you can size up and trade larger positions. Until then, let’s get our toes wet.

Here’s how:

My AI trading bot tracks the hottest stocks in the market LIVE every day … 24/7/365.

And it follows the same framework that my students and I use to profit.

A few years ago my students were on their own to study and learn these patterns. But in 2024, my students can use this AI bot to learn the process without my direct instruction!

Enter your favorite ticker into the AI and it will spit out a trade plan as if you asked me directly.

Lean on the AI and start working toward consistent gains.

The next trade opportunity in this 2024 market is right around the corner!

Cheers.

 

*Past performance does not indicate future results

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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”