timothy sykes logo

Trading Recap

Breaking down 3 trades from Italy

Timothy SykesAvatar
Written by Timothy Sykes
Updated 6/24/2026 6 min read

I might be in one of the most dream locations in the world right now (Tuscany)…

But that doesn’t mean I’m taking a break from this incredible small-cap market.

#NODAYSOFF

I took 25% on Catheter Precision, Inc. (VTAK) pre-market yesterday morning and 40% on Focus Universal Inc. (FCUV) the day before.*

Same setup both times: Low-float stocks, garbage companies, heavy volume, breaking through former resistance while shorts panic.

This market is handing out these plays back to back right now, more than I can even trade.

I missed a couple of others while I was busy with the ones I caught. That’s fine. There’s always another one.

But if you sit around waiting for a clean, perfect breakout, you’ll miss every single one of these.

All you need to do is this:

  • Know the key price levels (support and resistance)
  • Watch the volume
  • And most importantly … be on the front side of the move when it explodes

The same trading formula I’ve used to make $8 million.*

Here’s how it works…

25% on Catheter Precision, Inc. (VTAK)

Why did VTAK spike? That’s the number one question I’m getting. It’s a recent runner. It went from about 88 cents to around $1.60, a nice double, on news that they were sponsoring a PGA Tour player.

The news is laughable. Short sellers are saying, “This doesn’t deserve to go up. This is a piece of crap company.” I agree. But that doesn’t mean it won’t go up. You have to stop being so narrow-minded, the way too many shorts are, and take advantage when there’s a play, when there’s a pattern.

I missed the first spike. But when there’s a big spike, recognize where former resistance is, because former resistance often becomes a launching pad once it breaks. VTAK triple-topped around $1.58, $1.61, and $1.65, call it $1.60. Then it tried to bounce to $1.56 and failed. The night before, it only got up to $1.40, nowhere near resistance. Yesterday it was a rocket ship.

When I saw it break above that $1.40 level, it went on my watchlist. It’s a former runner after all, it could keep going. The volume was so big that even after it hit $1.60 and failed, I thought it had more in it.

There was one little red candle on the chart. That’s where I entered.

Someone said, “Tim, it failed at resistance.” Yes. But this is why I love 4, 5, 6, 7 AM runners.

Shorts are on their back feet because nobody knows how high it’s going. It ended up near $2. But the shorts don’t know if it’s going to $3, $4, $5, or $6, so they can’t short aggressively even when a stock fails at resistance.

That’s how these early spikers go parabolic. 

The goal on a recent runner like that is 10, 20, maybe 30%. I just saw the biggest percent winner in the market, and the biggest percent winner tends to keep going.

40% on Focus Universal Inc. (FCUV)

Two days ago, I did the same thing with FCUV.

I missed the early run-up (crazy schedule out here in Europe), but this was a clean breakout play. Reverse split, very low float.

It consolidated all morning in the low $4s, then the volume spiked big. It teased $5, failed at $5 a couple of times, and I entered in the $4.90s when it finally pushed through, around 11 AM Eastern.

I didn’t KNOW it would break out. But it had such a solid base that if I’m wrong, I’m wrong for three or four minutes.

Every time it failed before, it failed for about four minutes. So I risk losing 5, 10, maybe 20 cents a share for a few minutes.

And when it actually broke, that was the biggest volume candle of the day. I bought the middle of that candle. That’s when shorts are getting squeezed, when breakout buyers like me are stepping in.

I’ll be honest, I got a little lucky that it halted. When these low-float names halt, shorts panic, (thinking it could go to the $6s, $7s, $13s, $20s). I gave it four minutes around the $5.20s, held, and sold well into the spike for about 40%.

Exits and entries are everything. Lock them in for SINGLES, over and over again…

Close Misses on EHGO and RDGT

Eshallgo Inc. (NASDAQ: EHGO) started spiking right in front of me while I was filming a video yesterday morning. I missed the start of it.

I’d actually been in EHGO two days ago, but it did nothing, so I got out. Then it ran without me. It happens. You’ve got to be there when these volume spikes come, but you won’t always be.

Ridgetech, Inc. (NASDAQ: RDGT) was the same story two days ago. It ran from the $1.40s to $4.50 (and I missed it).

I saw it, but I underestimated it. I was even highlighting it on Twitter in the $3s and $4s. But I didn’t want to chase.

I said in my chat room, “Don’t chase it in the $3.30s.” I thought that was the top. It’s back to $1.50 now. If you’d shorted, you’d have been right that time (but that’s a dangerous game).

You don’t know where the top is. That’s how a short squeeze works. It consolidates and consolidates until anybody with a brain thinks it’s over, then it squeezes to new highs, and the biggest volume candle of the day turns out to be the top.

Be careful when these get overextended. Lock in your gains quickly.

As you can see, the play is the same every time.

I don’t want to be on the backside of these. I want to be on the front side, when it’s making new highs and the volume is exploding.

Missed one? Don’t sweat it. There’s always another one coming.

You’ve just gotta follow the formula…

Cheers,

 

Tim Sykes


How much has this post helped you?



Leave a reply

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”