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Lessons From Students

My Big Surprise for Tomorrow’s Market Holiday

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Written by Timothy Sykes
Updated 4/14/2022 8 min read

Happy Thursday! Today is your last day of trading before the long weekend.

Reminder: On Friday, April 15, the U.S. stock markets are closed. It’s also the perfect time to reveal my big surprise. Stay tuned for more on that soon…

But first, when the market closes, top traders don’t stop working. I have 20+ millionaire students now, and they all found consistent success by making sacrifices and studying for countless hours.

millionaire students
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But don’t worry — we took the long way so you don’t have to. Every time one of my students passes a big milestone, that means more content and strategies for traders like you to study. Learn from these students!

When I first started teaching over a decade ago, it was more difficult for newbies to follow along. I didn’t have as much content as I do now.

But since 2020 and 2021, more and more of my students are finding profits.

And I think it’s in large part because of the amazing community we’ve all built together. Traders who find success often stick around and pay it forward. They share the benefit of their knowledge with others.

So today I’m sharing my top students’ most helpful study tips.

Hint: You should pick at least one to do tomorrow.

And make sure you read to the end for my birthday surprise tomorrow. (No they’re not shutting the market down for my birthday — it’s just a coincidence).

Let’s get into it.

Meet Just 3 of My Millionaire Students

Yep, you read correctly. I have 20+ millionaire students.

No, I won’t share tips from all of them today. But I will share tips from these top traders…

They’ve all blazed unique trails to get where they are. Here’s their advice for up-and-coming traders…

Tim Grittani’s Tip for Day Traders

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I want you to know two things about Grittani: He blew up his first account and spent nine months losing.

So don’t feel bad if you’re losing money while learning this process. All my millionaire students have been there. It’s part of the process.

Grittani didn’t let his failure rattle him. He started diligently tracking his trades until he found a strategy that worked for him.

Read about Grittani’s journey from insurance agent to millionaire trader here.

If you don’t have a trading journal, start one this holiday weekend. I keep a trading journal too! This video goes more in-depth on that…

How are you supposed to figure out what works if you don’t track everything? Use a notebook or spreadsheet and, at minimum, enter…

  1. Ticker
  2. Entry and exit price
  3. Catalyst
  4. Chart pattern
  5. Volume

And add anything else you want to track — time of day, your thesis, or your mindset.

Actually, my best advice would be to open an account with Profit.ly. I helped design this site so traders like me and my students can record trades.

Join us and become a fully-transparent trader today!

Mari’s Trading Advice

tim sykes and mariana $1 million trading milestone
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Pay attention: Shop around for your ideal pattern.

I interviewed Mari after she passed the $1 million milestone. We sat down in Italy and I asked her to share some tips for newbies.

I’ll share the video below, but I want to focus on one aspect in particular — trading patterns!

There are tons of different patterns out there.

Mari and I like panic dip buys the most, but other traders might argue that a simple ABCD pattern is best for new traders.

Everyone’s different, and that means everyone will feel comfortable with different strategies.

None of my millionaire students trade the same. For example, Tim Lento passed $1 million in profits in 2021 by mainly short selling.

Shorting stocks can be a profitable strategy, but I don’t do it much anymore. It’s too risky for me. And I don’t encourage new traders to short sell.

Lento spent time figuring out a strategy that works for him. And that’s what I want you to do.

Look around for different chart patterns. Go test them in the market. Find which ones are working right now and which ones work for you.

Here are 13 options to get you started.

Words of Trading Wisdom From the Boy Wonder Matt Monaco

matt monaco and tim sykes
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Matt’s one of the most versatile traders I know.

He profited over $1 million in the last two years trading penny stocks. And he’s found success trading altcoins and NFTs.

Look at these two Pudgy Penguin trades…

Source: Profit.ly
Source: Profit.ly

I didn’t see the NFT potential before, but I’m definitely looking into NFTs now…

Anyway, Matt’s most valuable advice for new traders is to rewatch live trading webinars.

Over my years as a teacher, I’ve held countless webinars while the market’s open. My students get to watch my screen and see trades in real time.

I don’t show my trades so that people can copy me. That’s not what this is about.

Matt can attest that watching a professional trade in real-time helps students learn the process more quickly.

I’m always inviting students to new webinars. But why not look through all the videos I already have archived.

Start studying now!

My Big Birthday Surprise

© Millionaire Media, LLC

Tomorrow may be my birthday — but I’m making it about you!

I can’t reveal all the details right now. My publisher doesn’t want me to give away these gifts tomorrow … but I’m doing it anyway.

It’s my birthday so I’ll do what I want. And with any hope, tomorrow will be the first day of your incredible trading journey.

Keep an eye on your inbox tomorrow. This is gonna get crazy.

What are some of your favorite study techniques? Which one will you put into practice tomorrow? Come on! Commit to your education, and comment below! 

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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”