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Coffee, Trade, Repeat: Why Smart Traders Listen to Tim Bohen

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Written by Timothy Sykes
Updated 4/20/2022 7 min read

You don’t need to quit your day job to be a successful trader.

Just ask Tim Bohen. He’s the lead trainer for StocksToTrade, so he has limited time during trading hours. That’s why he developed a pattern that’s ideal for traders who have full-time jobs. He’s sharing it TONIGHT at 8 p.m. Eastern.

Get Bohen’s Top Afternoon Pattern HERE!

Tim used to be a slave to the grind. He worked 80 hours a week at a day. Then he found me — and became my student even before I started the Trading Challenge.

He wanted more balance in his life. Trading helped him find it.

Now, he’s able to work and trade … And he still has time to go hunting with his son and watch “Dancing With the Stars” with his daughter.

This is the power of trading. It’s not just about money — it’s about creating the type of life you want.

Keep reading for Bohen’s story and find out his favorite pattern for part-time traders!

Tim Bohen: A Trading Dinosaur

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These days, Bohen’s got a following as a Black Rifle coffee-swilling mentor who gives traders straight talk. He also alerts followers to the best opportunities through the SteadyTrade Team and his wildly popular Pre-Market Prep sessions.

Bohen spent YEARS honing his stock market know-how.

He’s been into stocks since before online trading even existed. Like WAY before.

By the third grade, he was already into tech — and finance.

Not only was he the kid in class who knew how to load Oregon Trail on the class computer, but he’d scour his dad’s newspaper after school for stocks. He loved those tiny numbers, and he’d always check in on his favorites like Apple Inc. (NASDAQ: AAPL) — still one of his watchlist favorites today.

During college in the 90s, he used his pizza-delivery money to invest in a mutual fund — but he wouldn’t circle back to day trading until later.

Trading, Interrupted

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Bohen might have pursued trading during college, but he got sidelined and quit school to start a tech company. It ended up becoming his livelihood for years — but took a ton of effort. He was working 80 hours a week. It took a toll on him and his family.

He still dabbled in trading. Bohen opened an E-Trade account during the dot-com bubble. He’d trade a random stock here and there. But his efforts were inconsistent.

Then, in 2006 or so, he found me.

Game-Changing Strategy: Penny Stocks & Short-Selling

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When Bohen found me, I didn’t have my Trading Challenge yet. Not that many people even knew what penny stocks were.

At the time, I was mainly a short seller. Like now, I focused on low-priced stocks. Nobody was doing what I was then.

Bohen became OBSESSED.

He wasn’t my first student, but he was an early adopter of my teachings. He was right there with traders like Michael Goode, who famously started out skeptical of me but then became my first confirmed millionaire student.

He started learning … then the market crash of 2007–2008 came along. It scared a lot of people out of the stock market. But Bohen was prepared for the volatility.

The Golden Age of Short Selling

Bohen calls the days after the market crash the ‘golden age of short selling.’

Stocks would spike and they’d ALL die the next day. During that time, he started to see and understand stock patterns.

He got more serious with his trading. He wasn’t going all-out or taking massive positions, but it was enough to tell him this niche worked. It gave him the confidence to make a bold move…

New Career, New Life

Bohen was still working his day job — but it was sucking the life out of him. As he puts it, “I made the classic entrepreneur mistake of weaving my life into the business to the point where I didn’t have a work-life balance.”

He saw trading as his way out. In 2013, his partner bought him out and he went full-time as a trader.

Even though he was finding success in the market, there were things he didn’t like, such as the pressure. Bohen prefers a safer approach to trading.

He also didn’t like how day trading can be lonely — that’s why so many traders love the community aspect of my Trading Challenge.

So he made another big decision…

The Power of Part-Time Trading

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As Bohen was coming up as a trader, another opportunity came up — from another startup, StocksToTrade. The company was growing and needed a teacher to show members how to use the software.

Bohen’s a friendly guy who’s passionate about trading and tech. It was the perfect fit.

So he transitioned to trading part-time while becoming a trading mentor.

He loves his job. As he puts it, “I get more satisfaction out of part-time trading and teaching trading than simply trading alone. When someone benefits from what you’ve taught them, it’s rewarding in a whole different way.” 

Making the Most of the Trading Community

My teachings helped Bohen find his true calling as a part-time trader and teacher. He gets to do what he loves and still has time to spend with his family.

Not only can he take advantage of opportunities in the market, but he gets to share them with others. (Have you checked out his e-book?)

Now, he wants to share one of his top patterns with you. 

Don’t miss this chance to learn from a trader and mentor who’s been through and seen it all. Learning from a mentor like Bohen can help you cut your learning curve.

And if you’re trading part time, this makes perfect sense. Do NOT miss this event tonight. It won’t cost you anything to show up. See you there!

Get Bohen’s Top Afternoon Pattern!

Are you ready to maximize your part-time trading potential? Leave a comment below and let me know what you think about Bohen’s part-time approach!

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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”