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Trading Tips-Tim Sykes Penny Stock

The 620%* Profit Opportunity:

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Written by Timothy Sykes
Updated 5/14/2024 4 min read

Ladies and gentlemen,

The small-cap sector is on fire right now!

It’s all thanks to Roaring Kitty and the meme stock resurgence this week. If you didn’t read my blog post detailing the recent GameStop Corporation (NYSE: GME) spike:

Get caught up!

We’re playing the market’s hottest short squeezes right now. There’s a new +100%* runner every single day this week. And small-account traders are in the perfect position to profit!

See my Tweet below for more details:

Don’t lose your head. Short squeezes are dangerous to trade if we’re not careful. There’s a very specific framework that we follow for profits right now.

To a new trader, it looks like the prices are spiking and people are banking. But in reality, it’s mostly short sellers blowing up.

Don’t let FOMO push you into bad positions.

Follow the trading process my millionaire students and I use to profit:

The Next Small-Account Opportunity

© Millionaire Media, LLC

When I say that there are TONS of trade opportunities right now … I mean it!

Take a look at my Tweet below that details some of the biggest runners in our niche this week:

I’m not going to cover every one of these plays in this blog. That would be a waste of time …

The charts are always moving and changing. I could give you a trade plan on a legendary runner like MicroCloud Hologram Inc. (NASDAQ: HOLO) …  (I already traded it for a profit this week, see my notes below).

With a starting stake of $8,150:

Source: Profit.ly

But by the time you read this blog post, the chart will likely have changed.

And I’ll start to plan a new trade with the updated price levels.

Don’t trade blindly!

Use my XGPT AI trading bot to plan setups on the best stocks.

On Monday afternoon XGPT alerted a 620%* trade opportunity on Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), one of the most notable meme stocks as of late.

See the notification below, every candle represents one trading minute:

Stop wasting time!

There are new profit setups every single day for traders.

And if you don’t know how to use this trading framework to pull cash from the market …

>> Use the XGPT bot until you become self-sufficient <<

  • It alerts the hottest plays.
  • It offers potential buy signals.
  • And potential sell signals.
  • It’s all based on the same trading framework I’ve used for over 20 years.

The meme-stock momentum from 2020 and 2021 is back.

Don’t miss out this time around …

If you have any questions, hop in the live chat. I’ll see you there!

Cheers.

 

*Past performance does not indicate future results


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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”