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Trading Tips-Tim Sykes Penny Stock

How I Leverage This Trading Community

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Written by Timothy Sykes
Updated 1/18/2023 5 min read

The life of a trader can be lonely.

You don’t need a team of employees to trade a stock for a profit.

And in most ways, that’s a huge benefit. Right? This is a job that I can do from anywhere. And I have.

I don’t need to clock in. I don’t have any superiors. No one tells me what to do.

All I need is an internet connection and a laptop.

But it can get boring and lonely from time to time. That’s why I’m so glad to be a part of a trading community.

Not a chat room that pumps stocks led by a greedy scam artist. A real community.

One that shares wins and losses, trade ideas, and helps each other grow through adversity.

The community is the reason I have so many millionaire students (31 and counting). And if you want to profit from volatile stocks, here’s how to use this community to your advantage …

Access To Millionaires

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Plain and simple, if you want to be a millionaire (or a successful trader) the best thing to do is shadow other millionaires.

That’s why the number of successful students has been growing so rapidly recently. Because I have more millionaire students, it provides more access and a unique perspective for upcoming traders.

And by that standard, it’s pretty safe to say it’s easier today to progress as a trader than it’s ever been.

The chat room is open 24 hours and multiple millionaires show up every day.

In the screenshot below you can see we were joined by ArtOfWar, Beerock, Jackaroo, Markcroock, and Tim Lento…

Have a question? Need a second opinion? Looking for the hottest stocks?

Ask away.

And it’s not just the live chat.

Live Trading

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I send out entry and exit alerts whenever I make a trade.

But one of the best ways I can show you how to trade is by actually showing you how to trade.

I hold regular live streams where I do that exact thing …

My students get to hear the thought process and see the chart all in real-time.

And I always archive these live events for students to access later.

Just like Wednesday’s live event with Mark Croock.

We reviewed his process recently and he shared the #1 pattern he’s using to profit.

Here’s the replay.

There are real opportunities in the market right now …

Ontrak Inc. (NASDAQ: OTRK)

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OTRK chart 1-minute candles

Celyad Oncology SA (NASDAQ: CYAD)

CYAD chart 1-minute candles

Magic Empire Global Limited (NASDAQ: MEGL)

MEGL chart 5-minute candles

If you’d like to get involved, I’d advise against going alone.

It can be a lonely path to profits. Made lonelier without a process to follow.

All my millionaire students started here.

And you can too.

 

— Tim


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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”