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Penny Stocks-Timothy Sykes Millionaire Challenge

16 Hot Penny Stocks To Watch & $6,000 In TIMalert Subscriber Profits From Yesterday–Yes, You Can Short Stocks Under $3

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Written by Timothy Sykes
Updated 2/21/2021 6 min read

This was sent to TIMalert subscribers at 12am today so they could be preparado para el dia de mercado:

TIM trading account $49,139 +$1,301 in May, unchanged yesterday, short 3,500 CPSL at $2.76 overnight

Longer Term Account $51,160 +$260 yesterday thanks to shorting 4000 STXX at 97 cents overnight (started with $50,000 on May 1)

I’ll be flying down to NOLA today from 7-10am EST so that sucks, but I’ve placed GTC (good-til-canceled) orders on my 2 overnight positions to get out if the price is right (sorry if they get triggered you won’t get an alert until waaay late)…I hate missing the market open and I don’t encourage anyone to do what I’m doing, which is flying blind…half of me hopes I lose on these two so as to teach you guys to never take a position when you know you won’t be around to exit it!

Video Watchlist link will be in the comments section on this blog post on subscribers-only TIMalerts.com…brand new video website coming next week!

To make easier on your eyes, I’ve grouped all the TIMalert subscriber testimonials above the market commentary, do you like it better this way or do you want to see the testimonials grouped by stocks alongside my commentary, feedback please!

Thanks Tim (and SRT);
Made $1387 on AINV, BEE and SIRI today with a mere $6000 account. Nice.
Easily paid for the 2 DVDs I purchased and a year’s subscription to Timalerts.
Next – study Tim’s DVDs and share my picks with you guys. Thanks again.
-Gary

Bought AINV at $5.89. Sold this morning at $6.27 for a $275 profit. Thanks again Tim.
-Cabassi

i just made $1500 buying and selling vnda in After hours it took me 16 minutes I am so happy I wanted to share
-Gil

Out BEE for $220 profit , thanks and niiicceeeeeee 🙂
-Spit

I am out of BEE in @ 1.05 and out at 1.60 gain of $1100 nice one there guys…
-Sunny

Just joined yesterday, bought 1000 BEE @ 1.47 just sold @ 172… thanks SRT for that tip. Tim thanks for motivating me to sell it. Nice $200 profit for day 1.
-C3

Made a cool +150 in 3 mins on CTIC
-Joe

sold PIR +232 ………..thanks SRT
-TraderJoe

Well i am out SIRI. I have made $541 this week!! Thanks Tim, your site rocks.-Dave

DDRX and CBOU and JVA are the penny stock coffee plays that have all gone vertical…check out their charts, they are the kind you wish you were long during these kinds of runups, congrats to those who have the stomach to hold long and strong, I certainly don’t.

CTIC is a piece of crap stock that’s always been a good short a stock into its spikes…now its up 50 cents to $1.50ish, a good double yesterday alone on volume of 18 million shares traded, reporting earnings this morning means I don’t play it ahead of that news, too unpredictable…let’s see what the chart pattern says, methinks it’ll eventually be a good short

TEN has now tripled from $2 in 7 days, on the backs of solid earnings, just broke through minor resistance in the $5 range, no more resistance anywhere in sight…this will be a great potential short, but for now, let it run wild, the daring might even try to buy into the shorts who are getting squeezed bigtime.

EVSO dropped 20%+ yesterday, fully, fully, fully, fully predictable since it was a stock promotion, but no shares available to short ..next!

WWAG, speaking of stock promotions, this is now 20 cents to 80 cents/share, actually got to $1/share in the morning as it likes to spike right near the market open (when all the boiler room and suckers put in their buy orders)…this will be a great short sooner rather than later, try reserving shares each and every day, a SCLX-like drop is inevitable.

AINV just keeps uptrending, gradually, very gradually though…I sold for a $300 profit and if you read the testimonials above, some TIMalert subscribers made several hundred dollars each…good solid boring breakout buy, who cares what it does next, next!

EBHI is a real company that has now surged from 40 cents to $1/share…faded a bit down to 75 cents/share…potential buy/short, chart pattern will likely play out like PIR, but given the overall market’s rise, I doubt it’ll get as far…just watching it to play it either way.

OCNF was a great reversal play, perfect afternoon short after it took out support at $1.75, dropping to $1.50 by the market close yesterday…still a potential short, but its already 25% off its high so I probly won’t play, too many stocks in play right now, congrats to those who made $ buying or shorting this one.

STXX is the one I’m short overnight at 97 cents/share…it faded perfectly all day to close at 90 cents…this was just a non-traded 45 cents/share stock before some weird manipulative buy, my guess is it keeps fading gradually to the 60-70-80 cent range, I have my order in there somewhere just in case it drops quick while I’m still on the plane. Seriously, don’t trade blind like I’m doing, it’s dangerous!

BEE gapped all the way to $1.78 from when several TIMalert subscribers were buying this thing on the breakout at $1…congrats to those who held on for the ride, see the testimonials above…who cares what this stock does now, it’s not up enough to get me interested in really trying to short this thing.

SIRI jumped 5 cents and some people got very excited…it’s more exciting watching these people get so excited about a secondary bounce-type move on a stock that’s in an uptrend…booo hooo, I aim for greater cents/share gains as I’m not a great timer, I could care less about a no edge play like SIRI, congrats to those who made $ on it though, don’t spend it all in once place.

CPSL took all day to fade, but fade it did (the slowest fades are often the best to short) on its first down day after surging 100%+ in just a few days, blah blah blah, see what my alert said HERE when I shorted 3500 shares late day at $2.76, everything still holds true and it closed nicely right below $2.80 support…c’mon morning panic!

VNDA had positive drug news after the market close yesterday, jumping from $1 to $10 afterhours…apparently some people bought and made $, I’m too scared to play this either way…interesting that a little crappy Pink Sheet penny stock TTNP had a late night PR saying they’re entitled to royalties equaling 10%ish of sales…that 5 cent stock, $3 million marketcap company could be the way to play this, meaning it’s a potential buy, if VNDA keeps surging, which actually seems possible.


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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.
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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”