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The 2024 Profit Opportunities Continue – You Ready Yet?

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Written by Timothy Sykes
Updated 2/6/2024 5 min read
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Welcome to another week of INSANE runners.

We’re in the middle of a small-account smorgasbord.

The 2024 market continues to impress analysts. Major indices are still on a bull run. And in our small-cap niche, the profit opportunities are unmatched.

First of all, take a look at a chart of the S&P 500 ETF Trust (NYSE: SPY) right now. Our profit opportunities are stronger while the market continues to push higher.

SPY prices are trading near all-time highs.

SPY chart multi-month, 1-day candles Source: StocksToTrade

On Monday we watched Gorilla Technology Group Inc. (NASDAQ: GRRR) spike 130% after the AI company announced bullish earnings.

And the share price started below $1: We can load up on shares and ride the percent gain for HUGE potential profits.

That’s how I’ve made $7.5 million in the market. And it’s how I teach my students to profit. So far I have over 30 millionaire students with more on the way.

GRRR is just one stock that’s in play today. Like I said: Our niche is on fire right now!

Warning: It’s possible to lose money on these volatile bull runners.

Don’t mess up these opportunities! Follow this tested process for profits …

Weekly Profit Setups

© Millionaire Media, LLC

You don’t NEED to be the first one to the move.

But it definitely helps …

GRRR announced bullish earnings on February 5 at 8 A.M. Eastern before the market opened.

The main points from the report are below:

  • Q3 revenues exceeded total revenue of 2022
  • High value product driven & services business model reflected in 76.5% gross margin
  • Won sales exceeded internal target of $68 million, standing at $300 million (a 441% increase)

The stock gained momentum during premarket and then shot higher throughout the day. Those who had eyes on it in the morning had the biggest opportunity to profit.

GRRR chart 1-day, 1-minute candles Source: StocksToTrade

I grabbed a small gain.

But small is better than nothing.

When 90% of traders lose, an 0.89% profit puts me ahead of the curve.

Source: Profit.ly

And I never get discouraged because there’s always another trade to make around the corner. Especially in this 2024 market.

You missed GRRR? Why not take a stab at BioXcel Therapeutics Inc. (NASDAQ: BTAI)?

Or Bit Origin Limited (NASDAQ: BTOG)?

This 2024 market is on fire. There are new profit opportunities right now!

And we’re tracking the hottest runners LIVE.

But you need to figure out a system to find these runners before the spike goes vertical. The GRRR news appeared in premarket. We had all day to plan a trade.

But there’s a catch …

The Right News

© Millionaire Media, LLC

There are thousands of stocks moving every day. And probably hundreds of news announcements.

Only a handful of stocks will announce the right news.

Here’s the reality: Right now you don’t know which news will spike stocks because you don’t have enough experience. Don’t worry, that will come with time.

I’ve been in the market for over 2 decades. At this point, trading is almost an unconscious decision. It’s like a second nature.

That’s my goal for YOU.

All of my millionaire students eventually learned how to distinguish between the right news and the wrong news.

This isn’t rocket science, trust the process.

Here’s where we get instant alerts of the hottest news moving stocks.

That’s how my new students found GRRR.

Follow the alerts, and eventually you’ll be able to do this for yourself!

Cheers.

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Author card Timothy Sykes picture

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”