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Lessons From Students

5 Essential Strategies From My Youngest Millionaire Student

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Written by Timothy Sykes
Updated 11/2/2023 7 min read

I’ve mentored over two dozen millionaire students, but Mariana Hincapie’s journey stands out.

In a trading world where success is elusive, she not only thrived but became a millionaire by 20, breaking stereotypes and outsmarting traditional methods.

Last week, at my trading conference in Las Vegas, Mari, my first female millionaire student, revealed her top five strategies that propelled her to the top, even in a challenging year for traders.

Discover her unique approach that could redefine your trading game.

#1:  Embrace a Consistent Lifestyle and Routine

tim sykes and mariana $1 million trading milestone
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Mari stresses the importance of consistency in both trading and daily life. This means aligning your actions with the identity you wish to create for yourself.

Whether it’s about managing family, health, or personal traits such as patience and risk-taking, consistency in these areas is key.

Mari believes that by doing little things like journaling, creating a watchlist, and networking, traders can progressively improve.

Key Takeaways From The Las Vegas Conference:

  • Align your daily actions with your desired identity.
  • Practice small, consistent habits like journaling and preparing watchlists.

#2:  Develop and Stick to a Trading Strategy

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For Mari, the “holy grail” of trading clicked when she found a consistent strategy. She prefers trading ‘Gappers’ – stocks that show a significant price movement compared to their previous close.

Her criteria include a stock price over $1, more than 1 million volume in pre-market, and a history of significant moves.

Key Takeaways From The Las Vegas Conference:

  • Find a strategy that suits your personality and stick to it.
  • Understand the pros and cons of your chosen strategy.

#3 Cultivate Discipline in Risk Management

Risk management is crucial. Mari’s approach involves selling losers quickly and avoiding adding to losing positions.

She emphasizes not fighting the stock trend and taking consistent, smaller gains rather than waiting for big wins. This approach helps detach trading from a fear-based mindset.

Key Takeaways From The Las Vegas Conference:

  • Sell losing positions quickly to manage risks better.
  • Focus on consistent gains and avoid fighting the market trend.

#4: Utilize Tools and Communities for Support

students kyle mari and jack
© Millionaire Media, LLC

Mari created a Discord channel for journaling trades, discussing strategies, and supporting clear-minded trading.

This community helps in focusing on details and organizing thoughts, which is crucial for successful trading.

Key Takeaways From The Las Vegas Conference:

  • Use tools like trading journals and communities for support and clarity.
  • Share and learn strategies within a community to enhance your trading skills.

#5:  Set Clear, Achievable Trading Goals

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Setting clear goals helps in maintaining focus. Mari’s goals include taking consistent gains (10-20-30%) in the first 30 minutes to 1 hour of trading, aiming for modest but regular profits, and ensuring she has something to trade every day.

She also emphasizes the importance of not getting biased and being able to cut losses when necessary.

Key Takeaways From The Las Vegas Conference:

  • Set realistic trading goals and stick to them.
  • Focus on small, consistent trades rather than chasing big profits.

🌟 Unleash Your Trading Potential with Proven Strategies! 🌟

© Millionaire Media, LLC

Are you ready to revolutionize your trading approach with techniques that have crafted millionaires?

🚀 Discover the essence of success in the volatile world of trading, inspired by my youngest millionaire student, Mariana Hincapie, and many others who have reached the pinnacle of trading success.

📊 Master the Art of Consistency: Learn how to integrate consistent routines and strategies in your trading life. It’s not just about the trades you make, but also about the discipline and regularity with which you make them.

💡 Strategies That Make the Difference: Dive deep into the top strategies that have led traders to success, including understanding market movements, effective risk management, and setting realistic goals. These aren’t just theories; they’re proven pathways to profitability.

👥 Embrace Community and Support: Discover the power of networking and community in elevating your trading journey. Benefit from collective wisdom, shared experiences, and mutual support that can accelerate your growth.

🔍 Details That Drive Success: From meticulous planning to calculated decision-making, understand what it takes to excel in trading. Small, consistent actions can lead to significant gains.

🚀 Transformative Live Training Experience: Join us in our exclusive live training sessions where you’ll gain insights into adaptable strategies for today’s dynamic markets.

Witness real-time analysis and actionable tactics that cater to both beginners and veterans.

📈 Ready to Elevate Your Trading Game?

This is your chance to learn from experiences that have shaped successful traders. Whether you’re refining your skills or building a strong foundation, these insights are invaluable.

🔗 Secure Your Spot in Our Upcoming Webinar: Don’t miss this opportunity for an in-depth exploration of strategies that could redefine your trading future. Seats are limited, so act fast!



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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”