timothy sykes logo

Penny Stocks-Timothy Sykes Millionaire Challenge

Make Learning Fun and Break Free With Penny Stocks

Timothy SykesAvatar
Written by Timothy Sykes
Updated 4/17/2022 14 min read

I love it when students make learning fun. Learning should be fun. Follow me on Twitter — I re-tweet students’ posts about studying. A lot of them are having a great time.

Learning shouldn’t be boring. If it’s boring, you won’t stay engaged. You’re not as likely to follow through. If you get bored and don’t study, you’re more likely to lose. And THAT leads to frustration.

Don’t get me wrong — you will lose and make mistakes. That’s part of the process. But if you dream big, study hard, and stay in the game, then how far you get is up to you.

It’s my honor to teach so many dedicated and hard-working students. But what I really want is to see you succeed. I want you to gain financial freedom.

Here’s your job…

Recognize True Learning Takes a Lot of Effort

Post image

Get my weekly watchlist, free

Sign up to jump start your trading education!

Accept that true learning takes a lot of effort. Then make learning fun so studying isn’t a chore. That way you’ll put in the time. Keep reading and I’ll share three ways to make learning penny stocks fun. Get my FREE penny stock guide here.

There are a lot of people trying to teach trading right now. They teach in a very academic, lesson-by-lesson way. It’s boring. You might make a lot of money eventually — but the whole process sucks.

Or worse, they lie. Like so many of the Twitter pumpers and fake traders. It’s nothing new. I’ve been calling them out for a long time…

Profit.ly: F**k You Fake/Lying Traders

Isn’t it better to make learning fun? And it works. I have five millionaire students now — with more on the way.*

(*Please note: My results, along with the results of my top students, are far from typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work and dedication. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)

But to become a self-sufficient trader you need to study long enough to learn what works best for you. To do that you need to…

Stay Engaged

This is huge. With all the content I create for you, I’m always trying to figure out what will keep you engaged. There are so many distractions in the world right now, it’s too easy to lose focus. It’s kinda like “The Matrix” — you have to break free. That means staying engaged long enough to see the possibilities…

Matrix Spoof: Make $200,000 In A Day

Again, I want this to be fun. That doesn’t mean you won’t have to work hard. You will. It’s like the hero’s journey you see again and again in movies. They always have to overcome their own weaknesses. YOU have to overcome your own weaknesses.

We live in a time when we have this amazing tool: the internet. But it’s a double-edged sword. You can learn anything you want. But your attention can be pulled so many directions at once, and it can be difficult to focus.

Get focused. Stay away from things that steal your time, like Netflix and video games. They’ll still be there after you gain your freedom. Instead of mind-numbing, time-stealing entertainment…

Let Me Edutain You

Most of the content my team and I put out is like edutainment. I focus on my students’ education. But I also know a lot of people think learning is either hard or boring — or both. So I try to make learning fun.

Which is why sometimes I have to do outrageous things to keep people focused. Like this…

Breaking My $9,000 Rolex Watch

Sometimes I can be harsh with students, too. Like a drill sergeant. Both ways of teaching have their place. I’m trying to break students out of the mental traps that hold them back.

Either way, I will never be boring.

Make Learning Fun Because Success Comes Down the Road

Learning to trade penny stocks is a marathon, not a sprint. You have to put in the effort over time if you want to succeed.

Like my student Roland Wolf, for example. How did Roland study 17 hours a day for six months? How can you actually pay attention for 17 hours a day if you’re not entertained?

Visualize the Outcome, Work Backward, Make Learning Fun

The first thing is to see yourself there. See your outcome and feel what it’s like to be there. It might sound a cliché in a world where everyone wants to be a guru. But there’s power in being able to visualize your success ahead of time.

Then you have to work backward. What do you need to do to get there? Luckily, my team and I have put together a ton of content for you to study. All my top students put in the time studying video lessons, webinars, and DVDs.

So in a lot of ways you have it easy. We’ve created the materials you need to learn my penny stock strategies. From basic resources like “The Complete Penny Stock Course” to self-sufficiency as a member of the Trading Challenge. It’s all there.

You just have to stay engaged long enough to get it. Make learning fun. Anyone can learn this in two to three years. Too many people don’t get it right away and then just give up.

If you’ve watched enough of my lessons or YouTube videos, you know I like to have fun. Like this little parody video I made…

The Wolf of Wall Street – Boiler Room (PARODY)

“See how it feels when you’re making their Lexus and mortgage payments.” Making that video was fun. But there’s also a lot of truth in that video. Small position sizes mean small profits at first. But if you study, keep at it, and build your knowledge account, then you can size up and laugh in the face of all your naysayers.

But remember…

Success Is a Journey

Your journey will be unique.

  • Jack Kellogg worked as a valet to save $25,000 so he didn’t have to trade under the PDT. Now he’s over $750,000 in profits.*
  • Kyle Williams just graduated from college and he’s made over $400,000 in profits.*
  • Matthew Monaco is also a recent college grad, and now he’s made over $250,000 in profits. I just made him a moderator in the Trading Challenge chat.*

Matt also just helped me put together a new trading program, the 30-Day Bootcamp. It’s a step-by-step program to move you through the fundamentals of trading to live practice. Plus, you get a copy of “The Complete Penny Stock Course” when you sign up. Get the 30-Day Bootcamp here — it’s another means to help you on your trading journey.

Jack, Kyle, and Matt all have different journeys. But they have something in common. They all love trading, love studying, and they make learning fun.

Check out this video…

$150K in a Month? The Crazy Journey of 3 Extraordinary Students

Some people will say, “Oh, Tim, it’s easy to have fun once you’ve cracked six figures. Of course these guys are having fun.”

Lighten up a little. These guys have an incredible combination of focus, dedication, and the ability to…

Enjoy the Journey

I’m not just teaching knowledge, I’m teaching a journey. I hope you picked up on it. We love talking about trading.

Like when Jack talked about spending a year trading with Dom. You can tell he’s really passionate about trading and learning. It’s not about the money for Jack. He works on different patterns and setups. He’s refined his process so he can take profits in different ways. He’s in tune with the seven-step framework I teach.

Jack, Kyle, and Matt are all…

Top Students Rewarded for Their Passion

They’re just the latest top students to do so. Tim Grittani is another example of somebody who focused like crazy to develop his skills. He’s now made over $12 million from his original $1,500 account.*

And while Tim Grittani can come across as pretty serious, he still takes time out for fun. Check it out…

Wall Street Movie Spoof With My Top Challenge Student Tim G

I actually find it hilarious that when we filmed this Grittani said he’d made $800,000 in just under two years. Six and a half years later, Tim Grittani has made $3.6 million this year alone.*

So what’s the secret? There is no secret. It’s hard work. It’s going to take time. Some days it will be a grind while others will fly by. That’s why you have to keep a positive attitude and try to make learning fun.

Rules, Mindset, and Having Fun?

I wish I could give you a shortcut. It’s not possible. Your journey will be different from anyone else’s. You have to learn the rules of the game and develop the right mindset.

Since there’s no shortcut, no easy button, you might as well make it fun. So how do you do it? How do you stay motivated and then stay in the game long enough to become self-sufficient?

Check it out…

3 Ways to Make Learning About Penny Stocks Fun

Find the Entertainment Value in Penny Stocks

Penny stocks in themselves are entertaining. I’ve tried to make this point over the years by pointing out how sketchy a lot of these companies are. Or how crazy it is that they get pumped up and then do offerings … again and again.

Here’s Why We Should Thank Penny Stock Pumpers!

Every penny stock company claims to have world-changing technology. The next big thing. Or that they’ll revolutionize an industry. I’m not knocking these companies for trying.

In the beginning, the people who start these companies believe. They’re enthusiastic. And they have the same passion I’m telling you to have for penny stocks. But when things go bad and they need to raise money to keep the lights on, they sell out.

In the end it’s another sketchy, shady, gutter-crawling company. You need to learn the truth about promoted penny stocks.

Again, it’s nothing new. I’ve been exposing promoters for years. Like when I called out the Wolf of Weed Street. Or when I called out Bieber for his sketchy promotion. And when I welcomed Shaq to the penny stock gutter.

watchlist banner

If you can accept that most of these companies will fail, it’s actually entertaining. You won’t fall for the BS. But you can watch how it spikes the stock. Then you can start to see the patterns and learn to trade them.

Get Involved With Our Community

The Trading Challenge chat room is a serious place, but it’s also fun. When you join the Trading Challenge, you’ll see we like to have a little fun. (But there are rules, especially during trading hours. Don’t break the rules or try to pump stocks — you won’t like the consequences.)

Most importantly, we give each other support. We congratulate each other on wins and help each other understand losses. Especially when they come from breaking the rules.

Paper Trade With StocksToTrade

This might seem weird, but paper trading makes trading more like a game. When you’re a newbie, it gives you the opportunity to try new setups.

Practice, practice, practice. If you screw up paper trading it won’t cost you anything. You can even break all the rules to see what happens … without risking your hard-earned money.

There’s nothing like trading with real money. With paper trading, you don’t have the same emotions. But in some ways, that’s good, especially when you’re a newbie. Or when you’re testing a new setup. Remember to make learning fun. If you get frustrated, you’ll just want to quit.

Use StocksToTrade for paper trading. Get a level 2 subscription, set up your paper trading account so it’s as close to real trading as possible. If you’re starting under the PDT, set it so the PDT rule applies. Set it for partial fills. Set it up so it’s as real as possible and then practice.

(Quick disclaimer: I helped design and develop StocksToTrade. I’m also an investor in StocksToTrade.)

Make Learning Fun to Break Free

Do you see how important it is to make learning fun? Find your passion for penny stocks every day before you begin. See yourself reach your goals. Capture the feeling of it and then get busy.

It’s not rocket science. But you gotta believe in yourself and trust the process.

Are you ready to learn? Comment below with “I will make learning fun!”

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”