timothy sykes logo

Penny Stocks News

3 Hot Tickers For Tuesday!

Timothy SykesAvatar
Written by Timothy Sykes
Updated 1/17/2023 4 min read

Imagine being overweight and out of shape. You’re tired about the way you look and the lack of energy you have.

So you finally decide to do something about it and begin to take up running.

It will likely be hard, and you’ll probably want to quit. You’re definitely not thinking about running a competitive race in a week or two.

Most people give up if they don’t see immediate results.

That’s because their long-term vision is weak.

The same is true for new traders. They want the results before they’ve put in the work. And if they don’t make money right away, they have a reason to give up.

It’s a shame, because the longer you stay at it, the likelier you are to find what works.

For example, Aaron isn’t looking for a get-rich-quick scheme, he’s looking for stability and safety for his family …

And if you follow my rules, all of that can be a reality.

But I know some of you won’t take it to heart.

You think all you need is some hot stock plays and that’s it.

Well, I’ll give them to you, but don’t expect much if aren’t putting in the work.

#1 Strategy

When the market’s looking overextended, I’m watching for panic dip buys …

Plain and simple.

The price falls, hopefully, over 20%. I buy the bottom, and it bounces back up for a nice profit.

I made a nice trade with this pattern last week …

I share all my trades on Profit.ly

VENG is an OTC stock, but you may have noticed I’m also trading some listed tickers.

I have no problem moving to where the volatility is.

And there are a lot of listed tickers in play right now. I’ve traded …

  • Broadwind Inc. (NASDAQ: BWEN)

  • Praxis Precision Medicines Inc. (NASDAQ: PRAX)

  • Jasper Therapeutics Inc. (NASDAQ: JSPR)

And I still have eyes on them.

This is the main point I’m trying to make …

Always stay open to new profit opportunities.

I’m celebrating 15 years of teaching traders. Traders that use my basic strategy to profit in a multitude of ways I never would have thought possible.

Or at least … I never thought to try it out.

On Wednesday this week at 8 P.M. Eastern, I’m sitting down with one of my most successful millionaire traders to discuss one of these unique approaches.

Reserve your seat now.

We might have to cap attendance. Too many users and the systems get glitchy.

Spots are limited …


— Tim

How much has this post helped you?

Leave a reply
Comments (1)
BerehaneJan. 17, 2023 at 5:50 pm

Great lesson!! Thanks Tim!!

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

Post image

Get my weekly watchlist, free

Sign up to jump start your trading education!

* 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 (205) 851-0506 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”