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Wall Street Warriors: Where Are They Now?

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Written by Timothy Sykes
Updated 6/13/2023 4 min read

Many PennyStocking Silver Subscribers and Penny Stock Millionaire Subscribers and TIMalert subscribers don’t know this, but my entire publishing business model came about due to the many thousands of emails I received over the first few months of the hit TV show Wall Street Warriors airing far too many times on upstart TV station INHD, (later changed to MOJO, not that it matters because they are now bankrupt).

For those who missed the party, you can watch all the episodes here on Hulu or see what classic TV this was below:

If you’re not in the US, then you can’t access Hulu so get the DVDs or even better don’t even bother watching because it’s really not that good and pretty much every scene was staged (I kicked over my fan about 7 times until we got the right take)

Anyway, I often get asked what happened to all the people in the show — from Brett the hedge fund manager to Sandra the third party marketer to Laetitia the forex trader (guys, she was an actress hired on Craigslist, ohhhhhh busted!) and my answer is I have no idea…except for refined-looking Guy de Chimay because he’s been in the news a little bit…as I previously wrote about here



We even had out picture taken at the Wall Street Warriors debut party:

Guy de Chimay
Guy de Chimay

Considering he just plead guilty to four felony counts including grand larceny, scheming to defraud and forgery that whole story he gave about turning $2 million into $100 million for close friends and investors was total BS!

This is why Investimonials and Profitly are so important to this truly screwed up industry and I’m proud to have created tools that will bust these criminals BEFORE they get on TV.

And in case any of you are thinking I’ve faked my trades, you can see ALL my trades right here and if you want the paperwork, I’ve got mountains, I DARE you to accuse me of doing anything improper, I’ll put the entire court to sleep by showing ALL of these as Exhibits A-M at the trial and bankrupt you if you have any $ whatsoever for lying 🙂

Read the whole story below:

MANHATTAN SUPREME COURT — A former Wall Street broker was sentenced to three to nine years in prison for swindling investors who believed he was earning money for the Belgian royal family that shares his last name.

Guy De Chimay, 47, once highlighted on reality TV show “Wall Street Warriors,” went from successful money-maker to admitted criminal when he pleaded guilty to grand larceny, securities fraud and other charges on Feb. 2.

According to prosecutors, De Chimay stole more than $7 million from investors and spent the dough on a Hamptons rental home, cars, his mortgage and other personal expenses.

De Chimay confessed he fraudulently told his investors he was Belgian royalty and said he was helping the family profit through investments. He would then tell potential “clients” that he could help them make money on those same investments.

He pocketed some of their money and lost $3.5 million of it in risky investments, prosecutors said.
In fact, he was a distant blood relative to the De Chimay family of Belgium, but he’d never had any contact with them or access to their finances.

The former broker even showed investors false return statements to convince them their investments were secure, prosecutors said.

De Chimay was promised Wednesday’s sentence in exchange for a guilty plea and an agreement to eventually pay back more than $6 million upon his release.

About 10 percent of his yearly earnings will go back to the victims upon his return.

“He has no money,” said his attorney, Martin Adelman, who added that De Chimay is “extremely remorseful.”
Despite the restitution agreement, De Chimay may still be sued by the deceived investors, Adelman said.

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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”