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Success Stories

Where My Students Find Success:

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Written by Timothy Sykes
Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 11/1/2024 4 min read

Welcome traders,

It’s election week!

It’s finally here … And I’m excited for the volatility.

No matter the outcome, there will be opportunities to profit.

  • The Trump stocks, DJT and PHUN are both capable of volatility this week leading up to, and after the election.
  • Solar plays like SOL and VSTE are more closely connected to a Democratic victory and are showing us similar volatility.

But identifying these plays and trading them are two different things.

A lot of new students get frustrated when they see this price action. They don’t understand which patterns to play, how to play them, or when.

So, today …

Before the election results go public.

Before Wednesday’s volatility.

>> Before the #1 election trade starts to spike <<

You need to understand how my students are finding success. Mimic their process!

Student Success

millionaire students
© Millionaire Media, LLC

My students and I, we all use the same patterns to trade.

Stocks like to follow these patterns because the people trading the stocks are predictable during times of high stress.

People have always behaved predictably when they’re stressed. Since the dawn of man. And as a result, these patterns have never changed.

One of the strongest patterns to trade – in my opinion and judging by my student’s success – is the early ramp up.

When we trade a stock at the beginning of the spike, it has more upward momentum and therefore offers us a better opportunity to profit.

Now, that might seem a little obvious …

But a lot of students neglect the earlier spike for fear of being wrong.

Instead, they try to trade intraday or in the afternoon to take advantage of the support and resistance lines caused by the earlier price action.

That’s still a viable strategy … The trades just don’t have as much momentum because they’re late in the spike.

Instead of checking these charts intraday or during after hours … You’ve got to wake up early and scan the market during premarket hours.

I know, waking up early sucks!

But so does missing out on stock spikes … So I guess you gotta pick your poison.

Student Premarket Trading

Last week a lot of my students shared their premarket trades on stocks like:

  • PHUN spiked 15% on Monday morning.
  • BKYI spiked 170%* on Tuesday morning.
  • TNON spiked 40% on Thursday morning.
  • TOVX spiked 60% on Friday morning.

Take a look at the posts below:

Source
Source
Source
Source

I’m up early too!

Last Friday, Jack and I hit the trails on some four wheelers to get our blood pumping before the premarket spikers.

See my post below:

You don’t have to wake up and trade alone!

There’s a whole community of traders who jump out of bed to try and snag profits from this hot 2024 market.

Join our next trading live stream to follow along.

You don’t want to miss this election volatility.

Of all the weeks to wake up early … This is the one!

Cheers.

 

*Past performance does not indicate future results

 


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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

* 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”