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My Top Student’s Crypto Pivot + An Opportunity For You

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Written by Timothy Sykes
Updated 4/17/2022 9 min read

The Crypto Pivot: Key Takeaways

  • No boredom for this trader — when penny stocks slow down Matt Monaco looks for crazy volatility in crypto land. Check out what he finds!
  • See how Matt applies his penny stock knowledge to trading sketchy crypto. (It’s all about the patterns!)
  • Learn about what Matt calls Moon Jumpers — and why you need to know this ASAP…


What You Can Learn About Crypto Now

matt monaco and tim sykes
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I don’t trade crypto.

I’ve worked for 20+ years to develop my penny stock trading strategy. And I’m sticking with it.

While crypto penny stocks cross my radar, I don’t have aspirations of expanding into trading cryptocurrencies. Between teaching and trading, I don’t have time!

That being said, I don’t think trading crypto is a bad idea. In fact, I have a Trading Challenge student, Matt Monaco, who’s killing it in the super-hot crypto sector right now, and he offered to show my followers everything…

Sign Up For Matt’s No-Cost Crypto Moon Jumps Event Here

Interested in exploring this explosive sector? Here’s your opportunity. You don’t want to miss this. Read on and I’ll tell you the latest about Matt’s crypto adventure…

Matt’s Crypto Pivot

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My student Matthew Monaco passed the million-dollar profit mark in January 2021. It was at the height of the GameStop Corp. (NYSE: GME) short squeeze madness. Check out this round table I recorded with several top students, including Matt, during that insane trading week…

Here’s what I want you to take away from this post … Matt understands the importance of adapting.

He knows that if and when the market shifts, he has to change things up to stay in the game.

Transitioning to Crypto

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Despite his astounding success in late 2020 and early 2021, Matthew saw stocks start slowing down in March 2021.

In March, Matt complains that he “only” made $22,332 trading penny stocks. But instead of just whining about it, he decided to think strategically.

Matthew wants to go where he sees opportunities. Crypto has a lot of appeal. It’s extremely volatile, for one.

And Matt spotted some patterns he recognized in altcoins. What kind of patterns? Penny stock patterns.

Yes, crypto is a different type of trading. But my biggest lessons and rules — like cutting losses quickly and sticking to trading plans — still apply.

Matt knows that (he’s an excellent student and trader). And now he’s found incredible success trading crypto and altcoins. Just look at March alone — he made $60,293 in crypto. Yep, he made nearly triple trading crypto than he did trading penny stocks that month.

Why Crypto and Why Now?

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There’s no doubt crypto has been on a wild, volatile ride this year. So why crypto? Here are a few reasons — emphasis on few. We’ve had a lot of headlines centered around crypto this year:

  • China’s crackdowns on digital currencies
  • El Salvador adopted BTC as its national currency
  • Venezuela launched its own national cryptocurrency

And that’s just a few items of big news. So what else can traders watch for?

Incredible Catalysts

Crypto has been trending big time since 2017. That’s when Bitcoin went from $900 to $20,000 in less than a year.

It had a huge crash following that boom. But crypto definitely caught the public eye, and it started to catch on. More and more cryptocurrencies have entered the market since then.

More recently, there have been a few incredible catalysts that have brought even more attention to crypto, including…

Bitcoin Runs

BTC has been up and down all year. It trended up BIG in January, then pulled back. Then it hit nearly $65,000 in April. And it pulled back again.

Now BTC is trading over $61,000. Yep, it’s volatile — and can bank some monster runs. When that happens, we can see altcoins and crypto penny stocks join in the momentum.

Regulation Rumors

Part of the appeal of crypto is its lack of regulation and oversight. That could change … maybe. What’s most notable now is that the mere mention of government regulation can stir crypto runs.

Remember, it’s all about opportunity for adaptable traders like Matt. Kinda like with penny stocks.

Remember the Doge Madness?

Dogecoin is the crypto that everyone loves to hate. Just last year, it was trading for fractions of a penny.

Then in early April 2021, it was hovering at around 5 cents. Then it broke out to nearly 75 cents in May. No, it didn’t stay there.

But this kind of volatility reminds me of penny stocks…

These are the kinds of moves possible, even with a coin that started as a JOKE. And crypto is still in its infancy — meaning there’s still a lot of untapped potential.

Learn How You Can Tap Into Crypto Potential

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I get it. It’s hard for some traders to take crypto seriously. But just since 2017, we’ve seen huge changes.

And traders like Matt want to help you understand everything you need to know about trading cryptocurrencies and altcoins.

According to Matt, “It’s a wildly different market but full of opportunities. Similar to penny stocks, altcoins are the Wild West. You can see 1,000%+ moves in days, but naturally, those returns come with a higher risk.”

I think it’s in every trader’s interest to dig into the world of trading crypto with Matt. Not only can you learn a new niche, but you can also better understand the overall market. That’s never a bad thing.

As for credentials? Remember, Matthew collaborated with me on my 30-Day Bootcamp for trading penny stocks.

So I know Matt is more than capable of introducing trading concepts in manageable, easy-to-absorb lessons.

Ready to Join the Crypto Revolution?

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It’s not every day you get to see the creation of a whole new asset class. Crypto has revolutionized the world of finance, and it’s just getting started.

Interested in getting in on the hot crypto trend? Don’t be hasty. Take the time to learn the rules before you start throwing money at the market.

By investing in your education, you’ll be better positioned to recognize opportunities when they come along.

Matt’s Crypto Moon Jumps event offers an amazing opportunity to learn some key basics of trading crypto. Don’t miss this opportunity!

This LIVE event takes place on Thursday, November 4, at 8 p.m. Eastern. And Matt will host a live Q&A after the event. Come prepared with your questions!

Click Here To Reserve Your Spot In Matt’s Crypto Moon Jumps Event Now

What do you think? How will you expand your crypto trading knowledge? Leave a comment and let me know!

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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

* 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”