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Trading Tips-Tim Sykes Penny Stock

Trader Live Stream: Friday Market Close

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Written by Timothy Sykes
Updated 5/2/2024 4 min read
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Ladies and gentlemen, happy Friday.

Out of 13 trades so far this week, only two of them were losses. And I’m sitting just under $5k in profits going into Friday’s volatility.

Pay attention today! There will be more trade opportunities.

Take a look below at my total profits for the week. I included one of my losses to prove that I’m keeping it real.

I don’t trust traders who don’t share their losses.

Source: Profit.ly

There is a process for profits in the market. And it involves losses.

The key is to recognize and control the losses.

My millionaire students and I stick to the process … and our profits outweigh the losses.

There’s an opportunity to watch this process LIVE today! This is how my trading students learn best:

  • The hottest stocks.
  • Real traders, making real trades, in real time.
  • Q&A.

Stop wasting time!

Follow My Millionaire Students

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© Millionaire Media, LLC

I’m holding live streams to show traders this process … but in truth, I’m not the best trader.

I’m a good trader. $7.6 million in career trading profits is nothing to sneeze at. Especially when 90% of traders lose …

But I usually sell too quickly. Or I miss plays because I’m traveling and teaching.

My student, Jack Kellogg, is a shining example of the true opportunities for small-account traders right now.

Jack started trading in 2017 with $10k from his valet job. Using the same trading process, he’s already pulled $12.5 million from the stock market.

Today Jack is holding a trading live stream from 2:30 P.M. Eastern to 4 P.M. Eastern for Challenge students.

Here’s why that’s exciting:

The last few hours of the trading day on Fridays are some of the hottest times to trade. The volatility soars as we enter the weekend.

>> This is the pattern that we use to catch Friday-afternoon runners <<

And today, there’s a perfect opportunity to watch this happen LIVE.

Attention Challenge Students: Tune in at 2:30 P.M. Eastern!

Tim Sykes pointing at you.
© Millionaire Media, LLC

You don’t need to be a math genius to profit from these volatile runners.

For example:

  • I was a philosophy major.
  • Jack Kellogg was a valet.
  • One of my millionaire students is an ex-NFL player …

Stop making excuses for yourself. Learn this process!

Log in to Profit.ly and join the trading live stream today at 2:30 P.M. Eastern.

Those who aren’t in the Challenge …

>> Apply to join today! <<

There’s never been a better time to start.

  • My millionaire students give back to the community, there are more trading examples for you to learn from.
  • I developed an AI trading bot that mimics my process for profits.
  • The market is on a dip right now, you’ve still got time to learn these plays before the next push higher.
  • Even while the market dips, our small-account niche shows us new profit opportunities every week.

Small-account traders are in the best position to profit right now.

Take advantage of the tools at your disposal.

Cheers.

 

*Stock trading is inherently risky.

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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”