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How To Trade The Upcoming 24-Hour Market

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 10/31/2024 5 min read
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Welcome traders,

Ladies and gentlemen, our trading environment is about to change …

And I think it will significantly benefit small-account traders!

Here are the details:

On Wednesday, October 30, brokerage and asset-management company, Charles Schwab Corporation (NYSE: SCHW) announced that it was expanding 24-hour trading to stocks in the S&P 500 and Nasdaq 100, among a couple hundred ETFs.

StocksToTrade conducted a poll to gauge the viewpoint of traders in our community.

Take a look below:

In case you weren’t aware, there are some BIG names in the S&P 500 and the Nasdaq-100 … to name a few:

  • Apple Inc. (NASDAQ: AAPL)
  • NVIDIA Corporation (NASDAQ: NVDA)
  • Microsoft Corporation (NASDAQ: MSFT)
  • Meta Platforms Inc. (NASDAQ: META)
  • Alphabet Inc. (NASDAQ: GOOG)
  • Tesla Inc. (NASDAQ: TSLA)

You might be surprised to hear that Schwab already offered 24-hour trading on certain assets. That’s true for several brokers in the market.

But the addition of the market’s biggest and most popular stocks marks a huge milestone.

We’re growing closer to a 24-hour trading market.

Here’s why that’s good for small-account traders:

Side-Hustle Trading

tim sykes in arizona riding on a jeep
© 2025 Millionaire Media, LLC

I teach all of my students to trade with a side hustle strategy

Don’t quit your day job for this.

All of my most successful students held onto a job until they became profitable enough in the market to quit.

One of my most successful students, Jack Kellogg, worked as a valet while he studied this process.

I also have students who never quit their day job … for them, trading is all about padding their wallet to gain more financial security.

Whatever your goals, hold onto your day job!

Traders who put undo pressure on their profits usually end up making bad trade decisions. Don’t fall into that trap.

Instead, traders should pay attention to the market when they have time. That’s how I approach the market to this day! I’m a busy guy. Sometimes I miss trades because I’m focused on charity work or helping students.

For example, this week I spent the better part of a day flying from Africa back to the U.S. for an election-trade event.

See my post on X below:

Thanks to the overwhelming volatility in this market, I can log onto StocksToTrade and scan for a setup that matches my patterns.

Right now, there are stock spikes during premarket hours, regular hours, and after hours! I don’t have to be available at the same time every day …

For example, Tenon Medical Inc. (NASDAQ: TNON) spiked 45% during premarket on Thursday, October 31.

I wasn’t ready for the move, but some of my students took positions …

Take a look at the post below from a trader in our community

Source

Maybe you’re like Pablo … you could wake up before the market opens for regular hours and before your shift at work.

Then take a few minutes to look for profitable positions, and go about your day.

In my opinion, with regard to this strategy, 24-hour trading is a huge win!

24-Hour Trading

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It’s easy to think that a 24-hour trade schedule could suck us into a never ending lifestyle of trading.

That we might always worry about missing a trade and therefore we’d never leave the computer. FOMO is a strong emotion …

But here’s the reality: You’re already missing trades. So am I.

Nobody can take 100% of the profits offered by the market every day. And even the best traders miss setups from time to time.

I’m excited for a 24-hour market because I know what patterns to look for.

I could open StocksToTrade at midnight Eastern time on a Tuesday and find a trade to make.

And as a budding trader, you could …

  • Work a day shift.
  • Work a night shift.
  • Work a morning shift.

And you’d still be able to participate in the market!

But it’s essential that you learn …

And …

  • How to let go of the FOMO.

Carve out a time during the day that you can pay attention to the market.

Then wait for the hottest spikers to match my framework.

Cheers.

 

*Past performance does not indicate future results

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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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