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What One Of My Millionaire Students Looks For Every Morning

Timothy SykesAvatar
Written by Timothy Sykes
Updated 9/12/2022 5 min read

Do you hate your 9 to 5 job?

My students did, too…

Trading has given me the opportunity to travel the world, and I continue to create more millionaire students with these simple trading strategies.

All of my millionaire students have started with small trading accounts…

But they were able to turn a small amount of money into millions in just a few short years.

This isn’t a race on who can get to a million dollars the fastest. This is a journey where you have the opportunity to change your everyday life.

So if you are tired of sitting at a desk all day, reporting to a boss you don’t like, you will not want to miss how my most recent student has surpassed 7 figures by applying a few of my simple strategies…

Why My Framework Is Proven To Work

Matthew Monaco, one of my most recent millionaire students used my simple strategies to help him get to where he is today.

Maybe some of you read another recent article regarding Jack Kellogg who made over 8 million dollars.

They all use the same framework as me, and this proves that it works.

After all, I’ve been teaching the same strategies and techniques for several years to all of my students.

Yes, learning strategies are easy, but it requires you to invest time.

All of my millionaire students have studied and were determined to be successful…

And this wasn’t just based on luck, it was based on hard work and understanding the process.

Many traders who are just starting their journey want instant results, which forces them to make poor decisions that will eventually cripple their trading account.

There’s a lot that goes into trading, and that’s why I’m looking for all students who want to work hard and take trading seriously.

Just wanting to understand some basic trading strategies may work for a little while, but you will eventually succumb to the wrath of the market if you’re not disciplined every day you trade.

So what can you do every morning to help you be successful like my most recent student Matt Monaco?

The Early Morning Plan

Everyone of my students joined my challenge, which helped them understand the process and get them to where they are today.

Matt Monaco started a trading account with only $2,000 to his name, which may be close to most account sizes for beginning traders.

But he didn’t just put it all into one stock and hope that it spiked up 100, 200, or even 300%…

He meticulously planned his entry and exit point for every trade.

Every morning Matt spends about 30 to 60 minutes doing research.

What does he look for?

Well, all of my millionaire students do this, they look for big percent gainers.  

This helps him prepare for what stock works best for his strategy.

Everyone will have a different strategy, but understanding the process will help you identify the best opportunities out there.

Every morning Matt identifies a few big percent gainers, adds them to his watch lists, and places his trades.

More Breaking News

He knows what his risks are, he knows his strategy for the day, and to move on with his day.

Why Big Percent Gainers

I tell all of my students to look for big percent gainers…

Why?

It catches my attention as to what could possibly be causing this stock to move…

And this may create an opportunity for me to trade my favorite pattern early in the morning.

Every stock that is moving, there is always a story behind it.

I always look to see if there is a catalyst causing the stock to move.

Catalysts could have legs that could cause the stock to move one, two, or three days in a row.

Matt and myself use StocksToTrade Breaking News to be sure we don’t miss out on any great opportunities.

Next Steps

There’s way more behind Matt’s story, but I’m unable to share it all in great detail here.

Matt’s success isn’t just luck, his dedication and work ethic has helped him get to where he is today.

I want all of my students, including you, to be successful.  Understanding the process, studying the market, and just being a self-sufficient trader will help you on your journey…

But everything boils down to discipline.

If you’re not disciplined in your trading career, you will fail and will be disgruntled with the whole stock market.

You don’t always need to trade the same types of stocks as I do, but understanding the framework to help folks become millionaires is crucial.

Matt also trades Crypto, be sure not to miss his once-in-a-lifetime opportunity! 

If you are ready to get your trading journey underway like all of my millionaire students did, you’ll want to be sure to start here!

Cheers,

Tim


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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.
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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”

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