Tim Sykes Daily

So, the PDT rule is going away on June 4. I’m very excited about this (it’s been going on for 20+ years). But I’m also a little concerned for anyone who’s not prepared. When the PDT rule started in 2001, it was after I’d made the majority of my first big wins. So, I was WAY over the $25,000 minimum balance. When it first came in, I hated it…

This month, four of the largest U.S. tech companies reported earnings. Combined, they spent $130 billion on capital expenditures in a single quarter — and plan to spend nearly $700 billion this year. Google parent Alphabet’s profit jumped 81%. Amazon Web Services delivered its fastest growth in 15 quarters. But read the footnotes.

Catalysts matter in any kind of market. But in THIS market you can either… Win by focusing on legit catalysts… Or get crushed when hype and speculation turn into a rug pull. And if you’re new, that can mean blowing up an account. One catalyst has been on fire…

Last week, there were literally dozens of SOLID plays. If you missed it, don’t feel bad. It’s important just to witness and learn from giant supernovas so you can be better prepared for the next great trade. So, even if you just watched (or studied them in your spare time)… You’re already preparing better than most.

To be a successful trader, you have to be in the game. That means studying, making a watchlist every day, and taking trades (or paper trading). It means you have to journal your trades. And it means you have to constantly refine your process. But none of that adds up to being profitable.