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URGENT: Karmagawa Fundraiser to Help Greece, Turkey, and Algeria Wildfire Victims

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Written by Timothy Sykes
Updated 8/16/2021 8 min read

Key Takeaways

  • Countries in the Mediterranean are experiencing the worst heat wave in decades.
  • Hundreds of wildfires have devastated Greece, Turkey, and Algeria.
  • Karmagawa’s ongoing fundraiser will help victims with food, medical supplies, water, and shelter.

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Mediterranean Wildfires and Floods

Much of the Mediterranean is experiencing the worst heat wave in three decades. Dry conditions and strong winds fueled more than 150 wildfires in Greece, Turkey, Algeria, and now Sicily.

Greatest Ecological Disaster Greece Has Seen in Decades

In Greece, officials evacuated dozens of towns and villages. Firefighters from at least 15 countries battled to bring the fires under control. As I write, two major fires are still burning in the Peloponnese region.

Warning! Graphic Images: Some people may find the following content disturbing.


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Prime Minister Kyriakos Mitsotakis said the fires are “the greatest ecological disaster Greece has seen in decades.”

Turkey Declares Parts of Five Southern Provinces Disaster Zones

In Turkey, nine people have died with more than 800 injured. Tens of thousands of people from at least 34 villages have been evacuated. In Bodrum, boats evacuated 4,000 tourists and hotel staff.

Warning! Graphic Images: Some people may find the following content disturbing.


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Turkey was ill-equipped to fight the fires. Eight countries have sent firefighting planes. Two, including the U.S., have sent helicopters. More than 4,000 personnel are part of the firefighting efforts.

Turkey has also experienced deadly flash floods in July and August. Last week, floods along the Black Sea coast forced the evacuation of 1,700 people. Up to 330 villages have no electricity after floods damaged power lines.

Algeria: 65 Killed as Fires Spread

In Algeria, 65 people have died, including 28 soldiers deployed to assist firefighters. 22 people were arrested on suspicion of arson.

As of last Wednesday, 69 fires were still burning. They’ve destroyed olive trees and killed cattle and chickens. Some villagers attempted to hold the flames back using buckets and branches.

How You Can Help

Karmagawa is raising money to help hard-hit communities in Greece, Turkey, and Algeria.

You can help by using your social media platform to spread awareness. Share this post, share the Instagram posts, and share the fundraiser below.

Tag people you know. Tag celebrities and influencers. Please, help spread the word.

100% of the funds raised will go to help people and animals affected by these devastating fires. Your donation will help provide food, water, medical treatment, and shelter. And I’m proud to announce…

Karmagawa Will Match Donations Dollar for Dollar

Karmagawa is matching the $60,000+ already raised, dollar for dollar. That means we’ll be donating at least $120,000, but that’s only a small amount of what’s possible.

Karmagawa donates 100% of profits from our charity apparel designed by co-founder Mat Abad. And I donate 100% of my trading profits.

Now, it’s up to you. Every donation, no matter how small, makes a difference.

Make a donation now and share with your friends and family…

Our fundraiser is ongoing. Please keep donating and sharing! Let’s all come together to make a difference for these communities.

Please donate and comment below with “I donated!”

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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”