timothy sykes logo

Success Stories

Thankful for in the CRAZIEST Trading Year I’ve Ever Seen

Timothy SykesAvatar
Written by Timothy Sykes
Updated 4/18/2022 12 min read

Thanksgiving 2021: Key Takeaways

  • I’ve been trading for 20+ years and I’ve NEVER seen a market like 2021 before.
  • UNBELIEVABLE! So many students have crossed the million-dollar profit mark…
  • Can you guess what I’m MOST thankful for this year?

There’s SO much to be thankful for in 2021.

It’s been an amazing year to be a penny stock trader.

What a mind-blowing year in the stock market. From the meme stock insanity early this year to the slower summer, the strategies I teach in my Trading Challenge are adaptable to any type of market.

For many of my students and me, it’s been a year of record-breaking profits and growth.

I’ve never announced more millionaire students than in 2021. It’s amazing to think of how many lives have changed forever thanks to trading.

Here’s what I’m most thankful for this year…

A Market Full of Opportunities

© Millionaire Media, LLC

From the very start of 2021, it’s been a market unlike anything I’ve ever experienced.

In January, we experienced utter meme stock insanity where stocks like GameStop Corp. (NYSE: GME) had massive runs.

  • It brought a ton of new traders into the market.
  • It created a ton of volatility.
  • There were opportunities EVERYWHERE.

Then, despite a summer slowdown, the crazy percent gainers persisted.

Just last month we had an insane runner in Digital World Acquisition Corp. (NASDAQ: DWAC).

Many of my students have spent years studying the market, practicing, and refining their strategies. When the market insanity hit, they were PREPARED to take advantage of the hot market…

SEVERAL New Millionaire Students

millionaire students
© Millionaire Media, LLC

2021 has been a record year for my Trading Challenge students.

Let’s start with Jack Kellogg. Last November, he passed the million-dollar mark.

When the market got hot in 2021, he immediately recognized it was a once-in-a-lifetime opportunity.

Jack was willing to do whatever it took to take advantage of it to the fullest.

He sacrificed his social life. He didn’t eat well or exercise that much. But it was worth it for him. He’s now up over $8.6 million in trading profits.

He’s not the only one who’s had an incredible year.

Early in 2021, I had several students cross the million-dollar mark in the same WEEK.

If you missed it, this epic student roundtable happened to occur on the very day that several of them crossed the big milestone. Check out the video:

2021’s Millionaire Milestones

Post image

Get my weekly watchlist, free

Sign up to jump start your trading education!

ALL of these students passed the million-dollar trading profit mark in 2021:

 

 

 

 

 

 

 

 

 

View this post on Instagram

 

A post shared by Timothy Sykes (@timothysykes)

More Breaking News

Awesome New Trading Resources

I constantly say that new traders should focus more on their education account than their monetary account.

In the past year or so, my students and I have released a ton of new trading resources that can help traders take their education to the next level. I’m proud of these resources and proud of the students who have helped create them!

  • CatalystX: This system gives you a chance to get inside my mind BEFORE I trade…

 

 

 

  • 30-Day Bootcamp: This 30-day course starts with the basics and goes on to more complicated trading strategies. We released it in 2020, but it’s continued to be a bestseller in 2021.

 

  • Crypto Rockets: If you’re interested in diving into crypto, don’t miss this amazing resource.

 

  • Mark Croock’s $100K Shortcut: Mark adapted my penny stock trading strategy into his own options trading strategy. Learn how he used this method to turn $3K into $100K in just a few months…

 

Giving Back to Charity

one people one planet top penny stocks list
© Millionaire Media, LLC

It’s been an incredible trading year for me, too. So far in 2021, my trading profits are over $1 million.

That brings my total trading profits to over $7.3 million over the years.

I’m not excited because of the amount. Honestly, I’m MORE excited about my students’ milestones.

But I’m extremely thankful for this milestone because…

  1. I’ve been able to teach my students through every trade documented here and via webinars.
  2. I donate all of my trading profits to charity these days. The fact that I’ve made over $1 million means I have that much to give through my charity, Karmagawa.

I’ve been hard at work this year with charitable donations. But I want to do more.

There are so many schools to build — I want to build 1,000. These trading profits make it possible for me to keep working toward my goal!

Here’s the most recent school opening:

 

View this post on Instagram

 

A post shared by Timothy Sykes (@timothysykes)

Thanksgiving 2021: What Are You Thankful For?

I don’t like to slow down, but every now and then it’s nice to stop and think about what you’re thankful for. Here’s what’s on the list of what I’m thankful for this year:

  • My students.
  • The market insanity that allowed me to make over $1 million so far this year.
  • That I can donate so much to charity with those proceeds!
  • And that I get to have this life where I get to teach, trade, and travel the world.

Enough about me. What are you thankful for this year? Leave a comment and let me know!


How much has this post helped you?



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”