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New Book Review: The Complete Penny Stock Course

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Written by Timothy Sykes
Updated 1/9/2023 7 min read

Complete Penny Stock Course

I LOVE stock market books and there’s a new one out today called “The Complete Penny Stock Course” by my trading challenge student Jamil (the guy who designed this must use research tool) that you MUST read as it organizes ALL my lessons into one comprehensive book.

It’s already greatly outselling my book here Jamil made just a few copies to test the waters so first come first serve and this will sell out soon so grab your copy ASAP…I HIGHLY recommend it as a great supplement to your trading education!

And it’s funny that several people have already asked me if I’m angry that several of my millionaire students are doing better than me in stock trading and now one of them has written a VERY technical/useful book on stock trading whereas my own book isn’t very technical, but I LOVE seeing what my students can do/achieve with my lessons and Jamil has organized all my lessons using an academic/programmer-minded approach so I think you’ll GREATLY enjoy this new approach to learning penny stock trading.**

Here’s the link to this new MUST READ book, it’s a tremendous value and good supplement to my book/DVD guides if you want to learn penny stock trading…I’m so proud of it I even wrote the foreword and also just made this video review on it, which we have also transcribed for my valued deaf trading challenge students:

Hey, what’s up? Tim Sykes here. I have something very exciting for you to star this week. One of my students just wrote a book. His name is Jamil. He’s also the programmer behind StocksToTrade and he is frankly dissatisfied with how many lessons I have and how disorganized everything was, so he actually wrote this book. He’s like, “Tim, I love your teachings but we need to organize it.” And he’s more of an academic programmer type kind of guy. And I’ll admit it, you know, I have so many lessons. It’s been tough to kind of organize everything. You know, I wish that the stock market would just close for a year and then I could get everything organized.

I didn’t plan on any of this, at the speed of which I’m creating new millionaire students.** It has kind of gotten out of hand so I’m always playing catch up. So I’m very thankful. I actually wrote the foreword to this new book. So I’ll post the link to this book just below this video but it just got listed on Amazon. I don’t think it’s on Kindle yet but you can get the paperback for under 30 bucks. I highly, highly, highly recommend this. This has been a work in progress for roughly the past two years. You know, I’m kind of a perfectionist when it comes to getting out information about my strategy, whether it’s a formal guide or in this case, a book. So, Jamil, great job. Everybody else, go get this book. This organizes all the lessons. You know, you’re really gonna start to understand the patterns.

And Jamil has done a fantastic job just kind of condensing everything into this one book. And everyone who has read it has been like, “Wow. I wish this had come out sooner.” And I wish this has come out sooner too. My apologies for my lack of organization. I’m trying to trade; I’m trying to teach; I’m trying to make video lessons; I’m trying to make guides; I’m trying to write blog posts, and tweets, and watchlists, and alerts, and commentary, and webinars, and software, and websites, and then I’ve got my charity and my travel. So I’ve got a little bit going on. So I love it when students do better than me like Steven Dux you know, made nearly half a million dollars in the past month.** Tim Grittani made half a million in December and I think half a million dollars in January.** So I have several students who are doing better than me, several students now who are taking the strategies that they learned from me and now creating guides that I think are better and more useful.**

I still encourage you to watch all my guides. It’s not like my guides are useless. On the contrary, I think they require viewing. But I think this is a very good intro and a very good comprehensive book. You know some of you guys like to learn better through books, some like video lessons, some like DVDs, some like webinars. This is just another tool in your arsenal. And I make the comparison that the stock market is like a battlefield. And you don’t want to go to a battlefield armed with only a knife. You know, you have to choose your weapon wisely. And your weapon in the stock market is your knowledge and your preparation.

So this helps you join the battlefield with a little more preparation. And it’s very basic, whether you know nothing about the stock market, whether you know nothing about penny stocks or even if you do know a lot about penny stocks, I highly encourage you to read this and to take advantage of this new guide. You know, the more preparation, the more reviews, the more strategy, the more knowledge, the more experience that you have, the better your odds of success on every single trade. And this is not a perfect science. This book is not like an end all be all, like, just read the book and ignore the guides. It’s a supplementary research guide, I think, and it’s just a new way of learning my strategy, especially if you come from the academic or programmer world. It’s much more structured in that kind of sense compared to my other guides.

And you know, I think that you should learn all different ways. Obviously, you know, video lessons and DVDs and webinars are very visual. This is more academic. So I’m curious to see what you guys think. So when you do get this book, leave a review on Amazon. Be honest, you know. I think this is gonna be really useful. And again, my thanks to Jamil and thanks to my whole team for getting this thing out. And again, I’ll post a link to this book. It’s on Amazon. It might be on Barnes & Noble, I’m not sure. I use Amazon.

But it starts shipping, I believe, in like two days. So you’re getting a head start. This will sell out by the way. We only made a few copies just to kind of test the waters. And so if you want it, I suggest you order it ASAP. But this is a cool little guide. Thanks again, Jamil. Great work to my team. Great work. Everybody else, get excited. You have a new guide that is very, very useful and comprehensive. Let’s have a great week. Cheers. I’ll post a link just below this video. Remember, click it, check it out, read it, learn it, live it, love it.

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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

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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”