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Welcome To The TIM Trading Challenge

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Written by Timothy Sykes
Updated 12/20/2020 5 min read
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Congrats on earning a spot in my challenge…this is what separates the men from the boys (or the ladies from the girls 🙂

Now let’s get started, there’s a TON for you to learn so you can be better prepared on each and every trade you make…and you can start growing your account…and your trading knowledge.

(make sure to read this entire page)

Getting Started:

My favorite broker is SureTrader, the minimum is just $2,000 and they have excellent borrows for short selling…read my full SureTrader review here

Having the right broker for trading penny stocks is very important, BE SURE TO READ THIS COMPREHENSIVE POST ON MY 6 RECOMMENDED BROKERS

Chat with other Trading Challenge students in our private Facebook group for Trading Challenge students ONLY (please do not share this link with ANYONE else)

Below are several links for short videos that will help you get started. Some of these are basic
videos. You can use them as a refresher or getting started tool.

My 30-minute basic webinar

60-minute video compilation of allllllll the basic indicators I look at

What is a Pennystock?

How to invest in Pennystocks

What You NEED to Know About Pennystocks

Stock Promoters Insights…

The SEC GIVES You Trade Knowledge!

Stock Promoters

Trading Do’s and Don’ts

Shorting Do’s and Don’ts

Top 3 Mistakes Are…

Terms

Favorite Pattern!

Stock Message Boards

Chatrooms

Technical Analysis

3 Myths…

Short Early…Risk Pain

3 Secret Tricks

Reserving Shares

SEC Red Flags

OTCBB and Pink Sheet Dangers

Promo’s go green

Final Lesson

25-minute interview of Tim’s on the basic gist of the strategy

40-minute strategy podcast

Michael Goode AKA Reaper did an excellent class on the “basics”. Make sure to watch it very
soon!

Watch live streaming video from timinvegas at livestream.com

Here are some other Reaper classics:

Researching Stock Promotions – https://livestre.am/F9ih
Trading OTC & Pinksheet Stocks – https://livestre.am/IW6o
OTC & Pinksheet Trading Tactics – https://livestre.am/OZF3

Challenge students get access to special weekly webinars, all of which are live and archived HERE (the password is ILOVEPROFITS)

Weekly Webinar Schedule:

Tim’s main challenge webinars take place every Wednesday at 5:30-6:30pm EST

Reaper’s (Michael Goode) webinars take place every Friday at 4:00-5:00pm EST

Tim also does a weekly Q&A session 6:30-7:00pm EST on Friday

*Please note that Tim’s webinar on Wednesday are specific with content and homework
assignments that he prepared specifically for the webinar that week. We expect each student to
have and ask questions but remember to keep the questions on topic as much as possible on the
Wednesday webinar. If you have more general questions or questions that are off Wednesdays
topic ask Tim on his Q&A webinar, feel free to ask them to Reaper on his webinar, email or instant
message the question(s) to Reaper.

Webinar Access:

webinar link is www.livestream.com/timinvegas

password: ILOVEPROFITS (case sensitive)

We anticipate that most students can’t participate in every live webinar; therefore, all webinars
are recorded and are available to watch “on demand”. The recordings should be available within
an hour after the live webinar takes place. The archived webinars are found using the same link
as the live webinar.

*Please make sure to watch the archived webinar “trading basics by Reaper”. You will find that
replay on the same page with the other recordings.

Materials/Library of DVD’s and Manuals:

A great place to start with the training materials is the PennyStocking DVD’s (Pennystocking
and Pennystocking Part Deux). They are the foundation of everything that Tim and Reaper
teaches. Once you have gone through those two DVD’s, Tim suggest TIMfundementals and
TIMfundementals part Deaux should be the next two watched.

*If you are at an intermediate level our suggestion would be to watch Pennystocking Part Deux,
TIMfundementals Part Deux, Learn Level 2, and SEC Filings.

Like anything else worthwhile, there is a learning curve. Let us help you become a better
trader…make sure to ask questions, participate in the live webinars or watch the recordings, and
watch the DVD’s.

Tim Sykes and Michael Goode (AKA Reaper) Contact Info:

Tim’s email is tim@timothysykes.com (put “challenge student” in subject line when emailing Tim). Keep in mind Tim gets 2,000+ emails a day, blogs, builds watch lists, and records instructional videos…not to mention he finds time to trade.

Reaper will be available for your questions one on one via instant messenger during trading hours. Make sure you get him set up on your instant messenger

EMAIL: michael@reapertrades.com

Michael has four IM accounts for your convenience:

AOL IM: michaelkgoode

Yahoo: reapertrades@yahoo.com

MSN Messenger: reapertrades@yahoo.com

GTalk: reapertrades@gmail.com

Challenge Support Contacts:

Joel Leabman timothysykes.joel@hotmail.com

Zak Westphal zak@timtradingchallenge.com

Missy Kyle timsykes.missy@tlcmediallc.com

Author card Timothy Sykes picture

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”