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The OG Trading Influencer??

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 10/22/2024 3 min read
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Welcome traders,

A lot of people don’t know what to think when they meet me for the first time.

  • They hear that I’m a stock trader.
  • That I have multiple millionaire students.
  • I’m loud.
  • I can get lost on tangents.
  • I’m always working.

Some people even hear negative rumors about me before they meet me.

Maybe you’ve seen the episode of Below Deck where I was voted the worst charter host of the season, LOL.

My name is Tim Sykes. I trade penny stocks, and I teach other small-account traders how to build wealth.

I share all of my trades. My wins AND my losses

And some of my students, like Jack Kellogg, have made more money than me in the stock market because I still trade like a coward … And because I’m preoccupied teaching students.

For anyone who has questions about me and my process, I recently sat down for an interview with The Day Trading Show.

I had a fun conversation with Riz Burgundy and The Gooch. You can watch it below:

Anyone who’s looking for the next profit opportunity … Keep reading!

More Stock Spikes This Week!

Our favorite stocks continue to spike right now.

It’s happened every day this week.

And there are excellent opportunities to profit overnight …

More Breaking News

Here’s how it works:

At 3:15 P.M. Eastern, we get a trade alert from my artificial intelligence trading bot. I trained it to track the hottest stocks in the market using my exact trading framework.

The trade plans that it gives us are based on overall momentum and past price action. Our goal is to buy above support and sell into the subsequent spike. The AI helps us identify those key levels of support.

Here’s what the alert looks like overlaid on the charts …

On Monday afternoon, earlier this week, we got an entry signal of $0.20 on Ensysce Biosciences Inc. (NASDAQ: ENSC):

ENSC chart multi-day, 1-minute candles Source: StocksToTrade

That Monday afternoon we also got an entry signal of $1.75 on Genprex Inc. (NASDAQ: GNPX):

GNPX chart multi-day, 1-minute candles Source: StocksToTrade

Get the next AI trade alert from XGPT!

Our whole trading community has access to these XGPT alerts.

Stop wasting time! There will be more spikes this week …

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”