timothy sykes logo

Testimonials-Tim Sykes penny stock trader

Roland Turned $4,000 Into $170,000 In 7 Months

Timothy SykesAvatar
Written by Timothy Sykes
Updated 4/17/2022 8 min read
Roland Turned $4,000 Into $170,000 In 7 Months Thumbnail

[Important 2020 Update]

In June 2020, Roland Wolf passed $1 million in trading profits.* Read more about his incredible accomplishment here. Use Roland’s story to inspire you. Do better, be better, gain your freedom.

Now read this post and check out where Roland was back in 2017. Here’s what’s possible when you’re willing to dedicate yourself to the process.

——————————————————————————————————————————

Roland Wolf Passes $170,000 in Profits

My Trading Challenge student Roland just passed $170,000* in profits. I featured him in this must-read blog post when he passed $100,000* in trading profits. You can see all Roland’s trades HERE and his profit chart HERE.

After starting with just $4,000 less than a year ago, he’s the latest to experience these kinds of exponential gains. It all comes down to preparation.

Roland says Tim Grittani’s “Trading Tickers” DVD and my “How to Make Millions” guide shaped his knowledge. He also spent time studying my “Read SEC Filings” DVD. Study up — I want more dedicated students like this!

(*These results are not typical. Individual results will vary. Most traders lose money. My top students have the benefit of many years of hard work and dedication. Trading is inherently risky. Always do your due diligence and never risk more than you can afford to lose.)

Must-Watch Video Interview With Roland Wolf

Post image

Get my weekly watchlist, free

Sign up to jump start your trading education!

Enjoy this awesome video. In the video, Roland talks about…

  • Important rules people should utilize in trading. (I trade with these rules.)
  • How buckling down on his studies changed his approach to trading. “It was night and day…”
  • His daily routine: when he runs scans, when he plans trades, and why getting up early is so important. (He also discusses that in this interview with Tim Bohen.)
  • The trade that taught him to take profits. (He even admits I alerted it, but he was thinking, “F*** you, Tim! You don’t know what you’re talking about.”)
  • His take on why so many people hate penny stocks.
  • The advantage of learning to read SEC filings. (Yes, boring can give you an edge…)
  • PLUS: the weird way an athlete mindset can give you an edge as a trader.
  • And more…

Watch the video NOW and bookmark this post so you can come back and watch it again.

My Student Roland Who Turned $4,000 Into $170,000 in 7 Months

Please share the video on Twitter and Facebook and then tag me. Help me spread inspirational stories like these.

Also, please congratulate Roland in the comments section of this post. I know he appreciates our community so much. I’m SO proud of this hard-working, stay-at-home dad’s success. He’s PROOF that hard work and studying pays off.

Shout Out to Trading Challenge Students

On a personal note, let this be a lesson for ANYONE who rips on penny stocks or me. Nothing is stopping more Trading Challenge students from achieving six-and-seven-figure success. It all comes down to dedication and persistence.

The key is to take it one trade at a time and recognize you won’t win every time. Aim for singles instead of home runs. Those singles can really add up as you see from students like this…

Reviewing How My Top Trading Challenge Student Grew $1,500 To $4+ Million

What else is new in 2020? There’s also my latest young super students Jack Kellogg, Kyle Williams, and Matt Monaco.*

$150K in a Month? the Crazy Journey of 3 Extraordinary Students

More Breaking News

Transparent Trading and Teaching to Prepare You for Battle

There’s SO much BS out there these days after such a long bull market. So be careful who you believe and learn from.

I’ll continue trading and teaching transparently. If you listen to me and actually study the past, you can come better prepared day in and day out. Better preparation means a better chance of success.

No Profit Guarantees in the Stock Market

I can’t guarantee that you’ll be my next millionaire Trading Challenge student. There are no possible profit guarantees in the stock market. (Anyone who says otherwise is straight-up lying.)

But I do guarantee I will teach you every single thing I learned the hard way over the past two decades. If you pay attention like Tim Grittani, Roland, and so many others, I can help speed up your learning curve.

If you have ANY doubts about me or my trading rules, it’s totally fine. I get it every day, especially from lazy people. So please, there’s NO pressure whatsoever to do this.

I have ZERO patience for lazies these days. The good news about being real is that I’m overwhelmed with people who ARE serious and ARE willing to be dedicated. So it’s only those people who my team and I bust our asses for.

Want to Be a Trading Challenge Student?

ONLY apply for my Trading Challenge if you’re ready to study your butt off. Do NOT waste my time trying to correct my grammar. Or whatever other BS excuses lazy people come up with.

I’m not here to be your friend. I’m going to be the toughest teacher you will ever have. But if you’re serious and willing to follow instructions, what I teach can change your life.

As a Trading Challenge student, you’ll get access to my knowledge, experience, and rules. I learned ‘em the hard way … over time. Which is why I want to be the mentor to you that I never had.

No Mood for Negativity or Doubters

Sorry, but I’m in no mood to deal with any negativity or doubters whatsoever right now. The market is SO hot with too many plays.

We’re doing big things every day lately because It’s good to be real and self-sufficient. I want YOU to get to this point, too!

Please do leave a comment and congratulate Roland below. We’re all SO proud of his success. We want him to continue staying humble, for if he doesn’t the market will humble him VERY quickly. And we want him to continue working hard the night before the market opens and on weekends.

Why Roland Is a Successful, Self-Sufficient Trader

Preparation is key…

Roland’s trading success is a testament to his work ethic, dedication, and preparation. Every day he shows up ready to go. When he started in the Trading Challenge he studied 17 hours per day. It has paid off…

Be sure to congratulate Roland below. Tell him how much his story inspires you to study every day!

How much has this post helped you?

(0 votes, average: 0 out of 5)
Leave a reply

* 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”