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Millionaire Mentor Update: Monday Motivation

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Written by Timothy Sykes
Updated 3/2/2021 16 min read

Get ready for some Monday motivation … lockdown motivation … millionaire motivation.

Whatever you want to call it…

Let’s focus on motivation.

It’s come to my attention that some people are going through lockdown fatigue. After all, there’s only so much Netflix binge-watching you can do, right? Not to mention Facebook echo chamber screaming…

People want something to do with their time. It’s probably the same people who complained they didn’t have time to learn anything new two months ago.

If that’s you — or anybody you know — it’s time for…

Monday Motivation

monday motivation for traders during lockdown
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Did you know Netflix doubled its number of new subscribers during this lockdown? That’s right, it just announced 15.7 million new subscribers.

The company released a letter to shareholders on April 21. Here’s a quote from the second paragraph. Emphasis is mine…

“At Netflix, we’re acutely aware that we are fortunate to have a service that is even more meaningful to people confined at home, and which we can operate remotely with minimal disruption in the short to medium term.”

More meaningful to people confined at home? How about more brain-wasting idiocy from lazy people? THAT sounds more accurate. It’s more meaningful to their business.

More power to ‘em. But don’t be one of their statistics because it’s NOT more meaningful to you. I have a better statistic…

America has added roughly 675,000 new millionaires in the past year.

Here’s a little Monday motivation for you…

Millionaire Monday Motivation Tips

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Monday Motivation Tip #1: Stop Wasting Your Life

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It blows my mind how many people say they want to be rich but aren’t willing to work for it.

I have no problem with Netflix or entertainment. I love to watch movies. Many of you know I’m a huge fan of “Game of Thrones.” I’ve watched every movie on the IMDb Top 250 list.


All that comes after you become a millionaire.

Before I became a millionaire, I got obsessed with the stock market and trading. Once I discovered penny stocks, that was it. (Get my FREE penny stock guide here.) Total focus. My friends used to come over my senior year of high school and all I could talk about was stocks and the market.

So get busy. You have no excuse. Who knows how long this lockdown will last. Take advantage of it.

Monday Motivation Tip #2: Challenge Yourself to Be Better

Do it. Right now.

Challenge yourself to be better, do better, and live better. The world is open to you if you’re willing to put in the effort. I can’t promise you’re gonna gain freedom. That would be completely impractical.

But I can guarantee you this…

If you don’t challenge yourself, there’s no hope.

I work non-stop so you don’t have to. This isn’t me trying to brag when I tell you how hard I worked to learn trading. It was a different time, with different tools.

You have it easier with trading. But that doesn’t mean you can be lazy. It’s not gonna happen for you just because the world is different. You still have to put in the work.

Everything my team and I create is to help you speed up the learning curve. But you’re not gonna learn it by watching TV.

Thousands of students have watched my latest free guide. Don’t miss this opportunity to start learning: access “The Volatility Survival Guide” here.

Here’s what Profit.ly user CrazyWillows had to say about this guide:

Apr 07, 4:41 PM CrazyWillows: “Thanks Tim, anyone who does not watch the guide is an idiot!!! Its brilliant education and thank you for doing it for FREE!!!”

Be better. Do better. Do it now.

Monday Motivation Tip #3: Celebrate Success

This is probably gonna sound weird. But pay attention.

The Trading Challenge chat room is, in my opinion, the best chat room on the planet. I’ll go into more detail about that later. But one thing is definitely true…

… the traders in the chat room celebrate each other’s success. When someone has a win — even a small win — other students congratulate them. When you celebrate someone else’s success, it motivates you. Especially if they’re doing what you’re trying to do.

If you want to see examples, follow me on Twitter. Do it now. I celebrate my students’ successes by re-tweeting their wins. And that motivates me to do better. Both as a teacher and a trader.

When you read my tweets, you’ll see traders at different levels of experience studying like crazy. Follow them as they refine their process, build confidence, and learn the rules. (I trade with these rules.) It’s important for you. Why? Because you need to see it’s regular people learning to do this.

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You don’t have to be good at math or super smart. I’m not.

What you need is the drive and determination to succeed. And a plan to follow. So use wins by other traders to motivate you. Celebrate their success.

Are you motivated? Good! Let’s get to some…

Questions From Students

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“Tim, there are a lot of plays right now with non-biotech stocks. But they’re still influenced by the coronavirus. Do you have any thoughts on industries/companies taking advantage of the pandemic?”

It’s anything related. Anything. Food delivery stocks … drone delivery was hot last week. Obviously you still have to watch mask companies and hand sanitizer companies. You just gotta think, “What do people need right now? What’s being used right now?”

Peloton and Facebook are two big companies I can name right off the top of my head.

Take Facebook…

On April 29, it spiked on a solid earnings report after hours. Why did Facebook do well when other companies are struggling? Because people are so bored. They’re on social media all the time. And if you look on Facebook, the desktop version is more popular than Facebook mobile. Because people aren’t going out right now.

So start thinking about what people want and need.

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Next question…

“You had a sweet trade on TLSS. Considering the recent failed FGD gap ups, what made you think this would work?”

TLSS was closing nicely. I didn’t expect it to be that big. It was very similar to Tim Grittani’s recent Abraxas Petroleum (NASDAQ: AXAS) trade. He didn’t expect to make $94K** overnight. He was buying a breakout.

[**Please note Tim Grittani’s results are not typical. He has exceptional knowledge and skills developed with time and dedication. Most traders lose money. Trading is risky. Do your due diligence and never risk more than you can afford.]

My TLSS trade was the same thing. For Grittani, AXAS doubled. On my TLSS trade, it didn’t quite double but I had a solid gain.

Let’s take a look at the trade…

Transportation and Logistics Systems (OTCPK: TLSS)

I bought TLSS because it was a first green day earnings winner with solid online-ordering news.

Here’s the TLSS chart from April 28–29:

TLSS chart: April 28–29, 1-minute candle, earnings winner, first green day overnight gap up #mondaymotivation
TLSS chart: April 28–29, 1-minute candle, earnings winner, first green day overnight gap up — courtesy of StocksToTrade.com

As you can see from the chart, it had a nice uptrend into the close on April 28. My goal was to make 15%–30% overnight on a gap up or morning spike. It was a perfect gap up for a  41.3% win and $4,750** in profit. It doesn’t get much better than that.

[**My results are not typical. I have exceptional knowledge and skills developed over time. 90% of traders lose money and trading is risky. Do your due diligence and never risk more than you can afford.]

What Stocks Have Market Momentum?

Keep in mind that TLSS wasn’t just an earnings winner. The announcement focused on eCommerce/online sales. Why is that important? Because online sales are booming.

For example, Amazon (NASDAQ: AMZN) was at all-time highs last week. It had record revenue heading into its earnings announcement. But plans to spend $4.4 billion on coronavirus response caused AMZN to fall after the earnings call.

Amazon isn’t even close to being a penny stock. For a better understanding of how news affects penny stocks, read “The Complete Penny Stock Course” by my student Jamil.

Back to Amazon…

… it’s a great example of why I prefer to NOT be in a stock when earnings get released. It’s better to see how the market reacts. Ask yourself…

What Does the Market Respect?

You gotta start thinking, “How will this virus help certain companies and industries?”

When a company has news that’s respected by the markets and…

… the stock is spiking…

… you ride it. You ride it a little bit.

And sometimes you get a bigger reward like I did with TLSS.

Regardless of whether you get a big win, study. That’s how you put yourself in…

The Right Industry and Right Position

I underestimated AgEagle Aerial Systems (NYSE: UAVS) last week. It was pretty crazy. I bought UAVS on April 27 when CVS and UPS announced a partnership to deliver medicine to the elderly via drone. Drone delivery is AgEagle’s business, so this was a sympathy play.

Check out the UAVS 10-day chart:

UAVS: 10-day chart, April 21–May 1, 1-minute candle
UAVS: 10-day chart, April 21–May 1, 1-minute candle — courtesy of StocksToTrade.com

The company also announced it was doing a conference call on April 30. So there were two strong news catalysts.

As you can see from the chart it didn’t really take off on April 27 when the news hit. It took off on April 29 — the day before the conference call. Then overaggressive shorts got squeezed sending it higher. It spiked even more during the hours leading up to the conference call.

It’s interesting to note the shorts were right. They’re all saying “This isn’t a good company…” And fundamentally they were correct. But early shorts got crushed. Props to some students, like Jack Kellogg, who shorted UAVS on April 30.

Let’s wrap this up with a little more Monday motivation. Back to the Trading Challenge chat room…

Why You Should Get in the Trading Challenge Chat

monday motivation why you should get in Trading Challenge chat
left to right: Jack Kellogg, Dominic Mastromatteo, Kyle Williams, Timothy Sykes – photo courtesy of Don Mash

I don’t think there’s another chat room in the world with more successful traders.

Check this out…

You have Tim Grittani alerting in real time. Then there’s Mark Croock and Jack Kellogg. We just made Jack a chat room moderator in honor of his birthday and his success.

Who else? Kyle Williams, Michael Goode, Tim Lento, and Huddie. (Hint: if you don’t know each of these traders and their stories … read those posts. Bookmark ‘em. Read them every day for inspiration and motivation. Share them today on social using #MondayMotivation.)

Check out these comments from students last week…

Trading Challenge Chat Room Comments

DocBrian: “That Thursday was my first day in the trading chat room and it was mind-blowing how accurate he had been in the seminar the day before.”

MrBeanGhostRunner: “this chat room is the best tool to watch stock.”

DH911: “first week in the challenge – first time back in a chat room in like 2 decades but loving all the talk and information.”

Markbhenry77: “Congrats everybody!!! What a great chat room Tim has made for us here!! You guys and gals are the best! Hope everybody has a great day today!”

The Challenge Chat Room Is Stacked and Loaded

Even if I didn’t own it, it would be my favorite chat room in the world.

I’m grateful that everyone who’s doing well still wants to help teach other people. They want to help newer traders develop the right mindset and process. It’s incredible.

Monday Motivation Market Wrap

Right now … before you do anything else… write down (or type) five things that motivate you.

Just do it. I want you to dig deep and find what really gets you going. What would it take to make you study every day? What vision do you need to stay focused?

For me, my reasons have changed. When I was young and brash, it was all about the money and nice cars. Now it’s about giving back. I donate all my trading profits to charity. With my charity, Karmagawa, we build schools and work to save endangered animals.

And then there’s family…

Watch this video I made last year with my parents. I love being able to do things for them because they believed in me and supported me.

How I Find Motivation

I also love watching students grow. So whatever you do … NEVER quit. Be a winner.

Are you ready? Let’s do this … #MondayMotivation!

What motivates you? Share in the comments below. I love to hear from ALL my readers!

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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”