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Lessons From Students

5 Lessons With 5 Top Students

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 1/9/2025 7 min read
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Last Friday, January 3, I gave a LIVE trading webinar with JCP, Mari, Strati, Jack, and Eric.

Five of my most successful students.

We were watching Cerence Inc. (NASDAQ: CRNC) before it gapped up on Monday, January 6.

The video is posted on Profit.ly right now.

Look at the screenshot below:

Source: Profit.ly

CRNC hit $27 on Monday morning. A 40% spike from my LIVE webinar.

I’m giving another LIVE-trading webinar this Friday, January 10 from 10 A.M. to 12 P.M. Eastern.

Get in the Challenge!

I’m covering the hottest stocks LIVE.

If you’re already in the Challenge:

  • Go to Profit.ly.
  • In the ‘Premium’ drop-down menu, click on ‘Premium Content’.
  • Then click on ‘Important Links’.

To prepare you for Friday’s webinar …

I pulled 5 key lessons from the video below:

1. Tune In For LIVE Trading

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You saw the screenshot above … We had eyes on CRNC before it spiked 40% higher the next Monday morning.

That’s not all. These trading webinars are more than an opportunity to cheat off my screen …

New traders need to see this price action in real time.

I can show you chart-after-chart of past spikers that followed my framework. But when you watch the stock bounce around in real time, it’s a whole different ball game.

There’s a lot of emotion that can take control when we’re trading. You need to learn to control that emotion before you can effectively profit.

Dip your toes in the water and watch me do it LIVE.

2. Find What Works For You

tim sykes and mariana $1 million trading milestone
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In my webinar from Friday, this was Mari’s #1 lesson to share with my trading students.

Mari is my first-female millionaire student. And she’s a huge inspiration for other women who want to trade.

I have millionaire students of all different shapes and sizes. It doesn’t matter who you are or where you come from, you can learn this process.

But … We can’t deny that we’re all different.

That’s exactly what Mari is talking about.

We all have different strengths and weaknesses.

You should watch what professional traders are doing to learn the process. But understand that you might play these stocks differently than I do.

The hottest stocks in the market like to follow a broad framework, but there are multiple opportunities to profit within the framework.

There are different patterns, on multiple stocks, with different position sizes.

The possibilities are endless. Find your comfort zone.

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3. Push It, But Not Too Hard

There are so many stocks spiking right now.

The AI-sector boom in early 2023 led to some crazy momentum that is still pushing stocks higher at an insane rate.

DatChat Inc. (NASDAQ: DATS) spiked 370%* this week on January 7. And it went straight up almost all day …

Take a look at the chart below, every candle represents one trading minute:

DATS chart intraday, 1-minute candles Source: StocksToTrade

This market could cool off at any point. We go through swings of hot and cold markets. Push it hard now while the getting is good.

But make sure to take care of your health.

Jack Kellogg is waking up at 4 A.M. to trade premarket, and he doesn’t stop until after hours closes at 8 P.M.

It’s easy to overwork yourself right now.

Don’t trade at the expense of your health. I already went through one bout of sickness this season. Take a look at my post on X below:

4. Recognize The Strength

I’m dead on when I trade these stocks.

And by that I mean: I’m picking the right stocks every single day.

I often sell too soon 😆

But I know that I’m playing the right runners.

I like to trade more conservatively, and as a result I usually sell too soon.

For example, when DATS spiked 370%* all day on January 7, I sold at noon before it broke past $4.

We don’t need to catch the whole move! Just focus on the right stocks …

Sign up for my Sunday watchlist to make sure you’re ready every week for the hottest stocks in the market.

You can follow me on X too. I’m always posting about the hottest runners.

5. Cut Losses Quickly, We Can Always Re-Buy

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This is always my #1 lesson … But I saved it for last.

Trading is about limiting our losses so that our profits shine through.

Some of my worst trades happened when I didn’t cut my losses.

Take a look at my video below:

And then, sometimes minutes after I sell for a huge loss, the stock can spike back up and follow my pattern.

I could have sold for a tiny loss and then got back in for a profit.

Traders should always cut the loss and get ready for the next setup.

Cheers.

 

*Past performance does not indicate future results

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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”