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How I Made +$300 In A Morning

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Written by Timothy Sykes
Updated 1/12/2023 5 min read

Hey, trader. Tim here.

Two words …

Boo Yah!

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Yesterday morning I managed a 7% profit on a +100% runner with news.

Here’s my trade verification post…

I share all my trades on Profit.ly

But I’m embarrassed to report I missed out on most of the move. As you probably could tell.

The trade itself was great! Picture perfect. And I’ll teach you exactly how to do it …

I just wish I’d been around to capitalize on the spike later on.

That’s the great thing about these stocks, they offer multiple profit opportunities throughout the day and even over multiple weeks.

But we mustn’t get greedy. That’s why I’m proud of my trade. I got out with safe profits.

The thing that’s killing me is the exact same pattern spiked the price even higher just a few hours later.

This is definitely the strategy to use right now …

How I Made $340 In One Morning

top penny stocks list September 07, 2021 trading mentor Q&A Tim Sykes infinity pool Dubai 2021 trip
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First of all, the market’s been on a bit of a run recently.

Yesterday’s CPI data caused a market gap and a mid-day price rally.

Here’s a chart …

SPY chart 1-day candles

Three out of four stocks follow the market. Which means during a bull run, there will be more opportunities to profit in our niche.

The stock I traded, Expion360 Inc. (NASDAQ: XPON) might not have spiked mid-day without the bullish CPI data and a strong overall market. It’s important to understand that.

Next, we must focus on the right stocks.

A strong market might help you get lucky, but if you’re looking for consistent profits, It’s imperative we only focus on the hottest plays.

Stocks that …

  • Have a low float
  • A hot catalyst/news
  • Proof of volatile price action
  • A high trading volume
  • And a history of spiking can’t hurt

Let’s have a look at XPON

  • 3.9 million share float (this is tiny in the stock market)
  • Lithium battery news
  • Spiked +80% after the news broke
  • More than 29 million shares traded yesterday
  • And it gapped up recently in late December 2022

We have ourselves a winner!

The only thing left to do … trade it.

Top Patterns

what are outstanding shares
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Let’s break down how I played XPON yesterday.

Entrance at $2.25.

Exit at $2.42.

On the chart, I waited for the market to open. I confirmed positive price action, I waited for the price to dip and show sideways consolidation. That’s when I entered.

This is very important … if the price broke down and didn’t bounce, I was ready to sell for a small loss.

But because I chose the right stock, all the factors were pushing it in the right direction. The price broke out and I sold into strength for a 7% profit.

The whole trade only took a few minutes …

XPON chart 1-minute candles

And this pattern worked later in the day as well.

The price had spiked up to $2.60 and consolidated until a huge breakout right after 12:00 P.M. Eastern …

XPON chart 1-minute candles

I know 7% doesn’t sound like a lot.

But these patterns are scalable.

And as you can see, there’s way more than 7% up for grabs.

I’ll be the first to admit, I’m not the best trader. Actually, I’m a better teacher.

I taught Mark Croock, and he’s developed a strategy that yields +100% profits in less than 24 hours.

Next week were sitting down to discuss the mechanics.

And you’re invited to sit in the audience.

Reserve your seat now

Only so many people are allowed in. Too many and the servers start to crash.

Take advantage of a shifting market and new opportunities!

 

— Tim


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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

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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 (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”