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Trading Tips-Tim Sykes Penny Stock

3 Stocks That Could Run Higher

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Written by Timothy Sykes
Updated 7/27/2023 4 min read

It’s been a massive week for stocks…

With heavy hitters like Alphabet, Microsoft, and Meta Platforms reporting earnings…

Not to mention an FOMC interest rate announcement that took place yesterday.

But believe it or not…

They had little impact on my trading.


Because I focus on low-priced, small-cap penny stocks.

It’s how I’ve made millions of dollars in the stock market. 

And right now…there are three stocks I’m watching that I believe have a shot at going higher…regardless… if the overall market tanks.

My Watchlist

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There are typically 10 to 20 stocks I keep on my watchlist. I usually categorize them by setup or sector.

But just because I’m watching a stock doesn’t mean I will trade it.

And there are plenty of times I will trade something that isn’t my watchlist.

Especially if it’s a breaking news play

One thing I’ve been watching a lot lately is low-priced stocks that have had massive runs recently.

I’ve been trying to play these stocks whenever they have big panic sell-offs.

Here are four that I’m watching…

Number #1: Sirius XM Holdings (NASD: SIRI)

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Source: StocksToTrade

This stock has been dead in the water for years…

But something weird happened in July….the stock went from a low of $3.89 to a high of $8.14.

It has since sold off again, trading near $5.

I have no rush to play this…but if it continues selling…I might give it a look.

Number #2: Tupperware Brands (NYSE: TUP)

Source: StocksToTrade

Unlike SIRI, TUP is on a different path, rising by more than 50% yesterday.

The stock has climbed by over 100% since its July lows of $0.61.

Again, there’s no real catalyst here.

But we’ve seen a lot of beaten-down names rise lately…

Believe it or not, this stock was trading above $38 just a few years ago.

With volume surging, this is a stock I’ll be watching closely for any panic dip buy opportunities.

Number #3: Sarcos Tech & Robotics (NASD: STRC)

This is a stock I traded yesterday…

A big spiker who won a government AI contract…which works in this market. But the price action was choppy. I tried to catch the bottom of the range to make a quick 5-10% profit…

I didn’t get it, but I could escape with some profits.

I’ll watch it again to see how it trades, and I may look to play again before Friday’s close.

Want Real Trading Ideas?

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One More Thing…

I have a lot of newbies who watch and read my content.

There are tons of free videos on my YouTube channel that you can watch.

Including this one…

5 Trading Tips In 15 Minutes:

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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”