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How To Succeed This Week:

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Written by Timothy Sykes
Updated 5/31/2024 4 min read
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It’s a simple question: How do I succeed as a trader?

But depending on who you ask, you’ll get wildly different answers.

If you’re not careful, you might even get a response from a stock promoter who cons you out of your hard earned cash.

The stock market is a shady niche. Especially for small-account traders who don’t know any better.

However, there IS a process for success in this niche.

And the proof is all around you. See the posts on X that I embedded below:

 

Source

My students and I all use the same framework to trade the market’s hottest stocks.

Volatile stocks can follow this framework because people are predictable during times of high stress.

Like when they’ve got a few thousand dollars in a stock similar to Brand Engagement Network Inc. (NASDAQ: BNAI). It spiked 560%* last week.

Here’s an example of one of my students playing a stock like BNAI:

Source

Study the framework. Burn it into your brain.

Because this week we’ll see all new stock runners.

How To Trade With The Framework

© Millionaire Media, LLC

You might have guessed … It’s easier said than done.

If trading were easy, we’d all be millionaires.

More Breaking News

Instead of spending time sifting through blog posts and watching random YouTube videos …

Start from the beginning!

Form a solid bedrock of trading information that you can build your trading career on top of.

This is the millionaire-trader 30-Day Bootcamp.

You can take it one day at a time.

You can watch multiple videos a day.

You can even rewatch all of the videos if you want to. These videos now belong to YOU, my student.

Trading without this necessary information is DANGEROUS.

I already mentioned the shady promoters who try to lure newbies into crap stocks … That’s just one booby-trap waiting for you in this market.

Traders need to know:

  • The difference between market and limit orders.
  • The reality behind the strongest stock spikes.
  • The levels that stocks like to trade between.
  • The life cycle of a +100% runner.
  • And so much more!

It’s all in the bootcamp!

I filmed it with my millionaire student, Matt Monaco.

Collectively we jam-packed it with all of the information that a new trader needs to stay safe in the market while tracking the hottest stocks.

This week, follow the rules outlined in the Bootcamp and you’ll be just fine!

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”