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A Gift to All My Haters

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Written by Timothy Sykes
Updated 3/4/2021 11 min read

Big ups to all my haters. This post is for those of you who say, “Sykes is a scam, let’s try to discredit him.” 

You think you’re hurting me. In reality, you’re helping me.

The lies you tell help weed out people who believe in BS. The nonsense you spread helps weed out lazy people. You turn away those who’d rather follow alerts than learn to be self-sufficient.

And you keep me from having to spend my precious time on people with the wrong perspective and ideas.

Shout Out to My Haters on Social Media

For the sake of my students (and for your sake), I keep trying. It can be frustrating. But it’s crucial to drive home one of the most important lessons any trader can learn…

Studies Say 90% of Traders Lose

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That’s not my statistic. There are studies. Some say it’s even higher than 90%. Bottom line: most traders fail. I think it’s because they fail to prepare.

To be a self-sufficient trader, you have to learn strategies and rules that work for you. And that takes time and the willingness to trade small.

The thing is, all you haters sidestep the fact that what I teach can work. And you fail — miserably — to answer the one question I ask of you…

What Do You Disagree With?

Do you disagree with shorting first red days? Do you disagree with first green days? Or is it a multi-day breakout with a big catalyst and big volume? Maybe it’s with cutting losses quickly

Which of my trading rules do you disagree with?

I ask, but my haters never answer. Or, if they do, it’s some stupid answer like, “Only the weak sell…” 

In the end, those haters and promoters go away or change their screen names. Is it so their followers have no idea how to track them down?

I never get an answer when I ask them about my rules and patterns. But maybe that’s because they tap into the lizard brain mentality of…

The Road to Broke: Hot Picks and Hot Alerts

Ugh. To my haters … and to those of you who want hot picks…

… and those of you who think following alerts will make you rich…

Don’t follow alerts from me or ANYBODY! Focus on the process. Hot picks don’t last — and if you don’t know how to take profits out of the market, it will take money out of your pocket.

Notice I didn’t say anything about how often I win in a trade? That’s not what you should be thinking about. Instead, learn what works best for you. That might mean learning my strategies and refining them to fit your personality. It might mean learning what Tim Grittani, Mark Croock, and Roland Wolf teach.

You should study ALL the teachers in the Trading Challenge. Then take a little from each until you have your own edge. Build your strategy.

Too many people want to be spoon-fed. My teaching process is NOT about making money by following other traders.

Yo, haters, I’ll come back to you in a minute. For any students or potential students reading this…

There’s a BETTER way.

Self-Sufficiency Is Your Goal

To be the most successful in trading and in life … you have to be self-sufficient. That’s it.

You don’t need to follow anyone. You don’t need to be in a chat room where they say, “Buy now.” Then, after they’ve already sold, they ask, “Why didn’t you take profits?” Or worse, they say, “This one’s going to the moon.”

You have to learn to do it on your own. That’s not easy. It’s not fun. And it won’t happen overnight. It won’t happen by next week or next month. Sorry, I gotta be real. It takes time.

I’m not trying to be friendly with you. Because I’m not your friend. If you want a friend, buy a dog. Trading is a battlefield, and…

I’m Your Drill Sergeant

On the battlefield, you need tools and the lessons you learn from your drill sergeant. This is how you survive and potentially thrive. I’ve been on this battlefield for 20+ years. And now I’ve been teaching for 12 years. (This explains why I teach.)

A lot of things I’ve learned are counterintuitive. And I’ve refined them over the years. They’re designed to help keep you safe … and they take time. But they don’t make me a nicer teacher.

So don’t expect me to give you all of my time. I’ll continue to be fully transparent. I show all my trades and give you my thought process when I enter and exit a trade. When I trade on live webinars, I explain my thought process in detail.

But I also have…

A Stone-Cold Approach

In other words, if you waste my time … you’re out. That helps weed out lazy people and haters. Lazy people say, “Give me hot picks.” Haters are even worse. They say, “Teach it all to me NOW if you’re so good.”

It doesn’t work that way. If it didn’t take time, they’d watch all the video lessons, DVDs, and webinars and have everything figured out.

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But what blows my mind is that they think I’m a scam or a fake. All because what I teach takes a few years or longer to master. Maybe even longer. (As if two or three years is a long time in the grand scheme of things.)

Unless they adjust their mindset, they’re destined for failure. Why are they so impatient? Because they haven’t figured out that…

Money Is Not the Most Valuable Asset

They just want to get rich quick. Statistics show that people who get rich quick tend to get poor again just as fast. That’s especially true of lottery winners.

Too many people think that if you make a lot of money, you’ll be happy. Or that everything will be easy. Sorry, it doesn’t work that way. Money only takes away the problems that come with not having money. Even then, it’s only temporary.

So what’s the most valuable asset?

Time Is the Most Valuable Asset

Pay attention. This is important. If time is the most valuable asset (it is)…

WHY would you waste decades trying to learn what it took me decades to learn?

My teaching process can cut decades off the learning curve. At the same time, you have to remember…

It Won’t Happen Overnight

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And this is where some people get confused. It will take you time. But YOU have to put in the time. I can’t do it for you.

People want to steal my time. They expect me to answer every single question they send. I know, I know…

It seems like if someone pays to learn then I should answer their questions, right?  And I do. But … and this is HUGE so pay attention…

If you ask me a question I’ve answered thousands of times…

… and there are answers to your question in video lessons, webinars, and DVDs…

… then you’re wasting my time. You’re trying to rob me of my time. And I value my time.

This game is hard enough without people saying, “But, Tim, what about this? What about that? And what about this stock?” Especially if the ‘this’ and ‘that’ are random. So if you’re a student — and I count you as a student if you’re here reading the blog…

Get Off Your Butt and Study

If you have a question, look for the answer first in the materials my team and I provide. Whether it’s a free YouTube video, “The Complete Penny Stock Course,” or one of my DVDs. Look. Dig deep. Write down your questions and study.

Every time you study, re-read your questions. See if you can find an answer when you study. You’ll be amazed at how much there is in the materials. Especially if you go through the basics first. Like the 30-Day Bootcamp. (More on the Bootcamp later.) And “The Complete Penny Stock Course” book I mentioned above.

Plus, you learn better when YOU find the answer. If I spoon-feed it to you it’s like trying to spoon-feed a crying baby.

Let’s get back to the haters because…

Haters Are My Motivators

Sometimes I just want to blow a kiss to all my haters. Like how I want to send edible arrangements to promoters.

So for any haters reading this, watch this video…

What I Say To My Haters

Thank you! Keep talking smack. And keep up the lies and spreading confusion. Please, keep weeding out lazy people for me.

Time is limited. Money is not. We all have a limited amount of time. I teach people how they can take better advantage of their time. My haters steal time and teach others to do the same.

So again, thank you…

If someone disqualifies themselves for any reason … they’re gone. It doesn’t matter if it’s because they’re lazy or they don’t want to pay. Or if they just want hot picks or have the wrong mindset. I don’t want to waste one second of my limited life on BS.

So, my haters, let me leave you with a quote…

“I don’t worry about the haters. They are just angry because the truth I speak contradicts the lie they live.” — Steve Maraboli

If you’re ready to study, check out…

The 30-Day Bootcamp

If you haven’t gone through my 30-Day Bootcamp, now’s the time. This guide covers ALL the basics for under $100. It’s crazy how small your investment is when you consider the depth of information you get.

What’s even more incredible is that you get these BONUSES…

>>Start YOUR 30-Day Bootcamp today.<< 

I can’t begin to tell you how much positive feedback we’ve gotten in response. It’s insane and I’m so proud of what we’ve put together in this guide. Check out what traders are saying on the 30-Day Bootcamp Twitter feed.

What do you think about my message to all my haters? Comment below, I love to hear from all my readers!

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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”