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DMCA Takedown Policy

At MillionairePub.com, we hold the intellectual property rights of others in high esteem and expect the same level of respect from our users. In our commitment to fostering a respectful and law-abiding community, we’ve established a DMCA Takedown Policy to address and manage claims of copyright infringement within our digital realm. Adhering to the Digital Millennium Copyright Act (“DMCA”), we take swift action in responding to notices of alleged infringement by removing or disabling access to the purportedly infringing content.

Notice of Infringement

Should you suspect that your copyright-protected work has been infringed upon on MillionairePub.com, we encourage you to send us a detailed written notice. This notice should include:

  • The physical or electronic signature of an individual authorized to represent the owner of the exclusive right that is allegedly infringed.
  • A detailed identification of the copyrighted work claimed to have been infringed.
  • The specific location of the material on MillionairePub.com you claim is infringing, with enough detail so that we can find it on our site.
  • Your contact information, including address, telephone number, and, if available, an email address.
  • A statement asserting that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law.
  • A declaration, under penalty of perjury, that the information in your notice is accurate and that you are authorized to act on behalf of the owner of the exclusive right that is being infringed.

Counter-Notice

If you believe that your content, which was removed or to which access was disabled, does not infringe copyright, or that you have authorization from the copyright owner, the owner’s agent, or the law to post and use this content, you may submit a counter-notice. This counter-notice should contain:

  • Your physical or electronic signature.
  • Identification of the content that was removed or disabled and the location at which the content appeared before its removal or disablement.
  • A statement under penalty of perjury that you have a good faith belief that the content was removed or disabled as a result of a mistake or misidentification.
  • Your name, address, telephone number, and email address, along with a statement that you consent to the jurisdiction of the federal court for your location (or if outside the United States, any jurisdiction in which MillionairePub.com may be found), and that you will accept service of process from the person who provided the initial notification of infringement or an agent of such person.

Upon receipt of a counter-notice, MillionairePub.com may send a copy to the original complaining party, informing them that we may restore the removed content or cease disabling it in 10 business days. If the complaining party does not notify us that they have sought a court order to prevent the alleged infringement, we may proceed to restore or stop disabling access to the content.

This policy underscores our commitment to protecting the rights of copyright owners while also respecting the legal rights of our users. It’s part of our broader commitment to transparency, integrity, and the law-abiding operation of MillionairePub.com.

* 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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