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From Underdog to Crazy Milestones: With Bryce Tuohey

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Written by Timothy Sykes
Updated 4/17/2022 13 min read

Up until around a year ago, the only people who knew of Bryce Tuohey were his trading buddies and podcast listeners.

After nearly two years of studying and trading, he had yet to experience a single green month.

Then when my 30-Day Bootcamp dropped, Bryce got some recognition … but it wasn’t exactly the good kind. Read on to learn more about that. (Yes, it’s that Bryce.)

The good news: Things have turned around for Bryce in a big way. How big, you ask? I’m excited to tell you. But first, let’s start at the beginning…

How Bryce Started in the Markets

In 2017, Bryce had no plan for becoming a better day trader. It was just a hobby — he didn’t have any real strategies in his arsenal. Back then, he was playing basketball at Cazenovia College and studying supply chain management. In his spare time, he had schoolwork and side hustles to keep him busy.

Then he transferred to Rochester Institute of Technology, and his path took a turn…

He became roommates with a guy named Matthew Monaco. When Matt was a college freshman in April 2017, he joined my Trading Challenge. Matt showed Bryce the potential he saw in the market and my teachings, and they both began learning a handful of simple strategies.

Bryce funded a $5,000 account and started studying for several hours a day.

Learning the fundamentals is one thing, but applying them is a whole different animal…

Surviving Rocky Times

bryce surviving rocky times
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As 2019 rolled around, Bryce hadn’t made much progress. He was focusing on simple patterns like ABCD, but didn’t know how to apply them.

One problem is that he didn’t have specific criteria … he was just looking for the shape. And he wasn’t aware of other important indicators like sector momentum, support, and resistance.

More importantly, he didn’t know about my #1 rule — cut losses quickly. This led to several hold-and-hope situations.

These bad habits turned into a rut. Bryce was passionate about day trading, but constantly losing was starting to test him. 2019 was a tough year for many traders, including Bryce. Listed stocks were pretty slow, and the OTC markets seemed dead.

“I was getting discouraged from practicing. Nothing worked consistently,” Bryce says. “It was hard to stick to a strategy when it was failing over half the time. Being under PDT made trading feel impossible.”

But Bryce and Matt didn’t let the time go to waste. They started a podcast called “Beyond the PDT” and used their platform to chat with up-and-coming traders. Several Profit.ly superstars like Jack Kellogg and Kyle Williams all made their debut on “Beyond the PDT.”

The show grew popular among the trading community. People wanted to hear from traders who were becoming self-sufficient. And because two college students hosted it, it felt more accessible and friendly.

The podcast was a staple for Bryce’s journey. It was the first time he had a network of self-sufficient traders to chat with, and it was a great foundation for learning — which made him work even harder.

Little did he know, opportunity was just around the corner…

Time to Reapproach

Though he still wasn’t profitable, giving up wasn’t an option for Bryce…

“I feel like other people who struggled might agree with this: At some point, you just feel like you’re in too deep and you gotta keep working until something clicks,” he says.

In May 2020, he took a big step back to scrap everything he knew about trading and start from scratch. His new focus? Breakouts, first green days, and dip buys. He chose to only trade listed stocks, avoiding OTCs for the time being.

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2020 brought insane volatility to the markets. Listed penny stocks were on fire in several sectors including electric vehicles, biotechs, and more. Many traders, including Bryce, saw this as an opportunity. The best part? He was risking $2 per trade.

By the end of May, he netted $87. But this was a huge milestone — his first profitable month.*

“People say ‘it’s always darkest before dawn’ and this journey has been the best example I can think of,” he says.

Things were looking up for Bryce. Then this happened…

Bryce’s Moment of Infamy

Fast forward to July 2020. Matt Monaco was on FIRE. He had passed an incredible trading milestone* and was instrumental in helping me develop my 30-Day Bootcamp.

During production, Matt made a knee-jerk comment about Bryce — and the rest is history.

I asked Matt who’s the dumbest person he knows. His response…

“Bryce is the dumbest person I know.”

Ouch, right? Why would Matt throw his friend, trading buddy, and roommate under the bus like that?

Many people saw the clip. Matt swore he made the comment in good fun and in the heat of the moment. Bryce said he thought it was hilarious. They’re close friends who understand each other’s twisted sense of humor.

But it still got into Bryce’s head … and ultimately lit a fire under his butt.

He used it as motivation — and not just in trading, but in life. One little comment fueled his productivity, workouts, and commitment to trading.

In the following months, he began to hit his stride … and hasn’t looked back since.

Bryce’s Passion and Top Trading Resource

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In June, after nailing down his strategy, Bryce increased his risk to $10 per trade and netted $1K.* In July, he used $25 risk to net $4,000.* He kept the ball rolling, more than doubling his profits each month.*

(*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade. Individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose. I’ve also hired Bryce Tuohey to help in my education business.)

At this point, he had a tough decision to make…

He was in his junior year of college, working toward a degree he wasn’t passionate about. There was a big opportunity on the table — a full-time internship that could secure him a job.

He gave it up.

“I just couldn’t picture myself doing the 9-to-5 routine,” he says. “I’ve always wanted more for myself and I knew I had the drive to make it happen.”

He dropped out of college and focused full time on day trading — increasing his daily study time to 15 hours. As he describes it, he felt like he forced himself to put all his eggs into one basket.

But pressure creates diamonds — and Bryce was determined to do whatever was necessary to make it work.

As for his top trading resources, Bryce lists Tim Grittani’s “Trading Tickers” DVD among his favorites. Who doesn’t want to learn from arguably the best penny stock trader ever?

Time to Kick It Up a Notch

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Going into December 2020, Bryce had a $43,000 account to work with. He was primed and ready for any potential holiday madness — something most traders anticipate every year.

The hype quickly became real. December 2020 offered some of the most insane volatility in years. There were dozens of listed and OTC runners. We saw 100%, 200%, and even 300% gainers frequently.

Bryce was done practicing with small size. He felt if there was ever a market to size up in, this was it. So he went for it, increasing his risk to $100–$200 per trade.

Scalability is the process of sizing up in a trade. It sounds straightforward, but there’s a lot involved. You have to add size in pieces as a good play turns into a great one. It typically requires a ton of practice.

Emotion can be a big hurdle when it comes to scalability. That’s partly why Bryce is doing so well now — he leaves emotion at the door.

“When you focus on A+ setups, a $2 risk and a $200 risk feel comparable,” he says.

By the end of December, when all was said and done, Bryce netted $57,000.*

Let’s do a quick recap. Bryce was unprofitable in April 2020, made $87 in May, then crossed $50,000 AND $100,000 in December.*

And where is he now? At this writing, he’s crossed $200,000.* Check out his profit chart here.

This momentum clearly didn’t build overnight for Bryce. He worked extremely hard for over two years. Now his performance shows how reasonable risk and a strict trading plan can potentially lead to self-sufficiency.

Even after growing so quickly, Bryce remains humble. He credits his success to his small circle of friends who helped him develop his skills.

(As for Matt, he’s now a moderator in my Challenge chat room and a valuable member of my team. And check out his current profit chart.* Just wow! These aren’t typical results. It took him years of dedication and hard work. Individual results will vary. Trading is risky; always do your due diligence and never risk more than you can afford to lose.)

“The stars just aligned for me at the perfect time,” Bryce says. “I’ve been lucky enough to learn directly from some amazing traders. That’s gotta be one of the most important things for improving … You gotta have people you can talk to.”

Luckily, an opportunity like this exists…

The Trading Challenge

Back when I started trading, it was lonely. There was no community, and trying to research day trading online was brutal. I’ve worked hard to change that with Profit.ly, my YouTube videos, and much more.

But I think traders can get the ultimate education in my Trading Challenge. It’s where I share all my trades daily in chat with commentary. Challenge students get access to all my video lessons, DVDs, webinars. And they have the opportunity to learn from top traders who have grinded their way over years to find success.*

In 2020, I passed $6 million in profits. And I now have several six- and seven-figure traders who’ve been through the Challenge.*

Everything I’ve learned in 20+ years of trading goes into my Challenge. But you must apply. This is where you can learn to think for yourself in the market. If you’re looking for hot stock picks, this isn’t for you.

But if you’re ready to get to work, apply today and start your journey.

(*Please note: My results, along with the results of my top students, are far from typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work and dedication. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)

What’s Next for Bryce?

bryce sitting looking at scenery
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These days, Bryce is more tenacious than ever…

“I now have a foundation laid and a new goal in mind: $1 million in trading profits,” Bryce says. “I don’t care how long it takes. I’ll do everything necessary as the journey continues on.”

I think traders can learn a lot from Bryce’s journey. I’m so proud of his dedication. 

Want to keep tabs on Bryce? Every Monday, Wednesday, and Friday, Bryce releases a fresh episode of SteadyTrade Treats where he takes on the latest trading news. Talk about commitment. I LOVE anyone who wants to make trading and market knowledge fun.

Take this opportunity to study his good trades and his mistakes. Learn his strategies and practice with small size to start. But you gotta be just as strict as he is. Bryce doesn’t stray from his trading process, and neither should you. Without a solid process, you might as well be gambling.

What do you think about Bryce’s incredible trading journey? Let me know in the comments!

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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”