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Trading Tips-Tim Sykes Penny Stock

Claim Your Piece Of This Daily Market Pie!

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Written by Timothy Sykes
Updated 3/6/2024 7 min read
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Every day in the stock market, there’s a set amount of trade profits available for the taking.

For example, if a stock spikes 140% in one morning, there’s 140% on the table to grow your account. We can think of that as a big juicy apple pie. And as traders, we’re trying to grab a slice.

Don’t be greedy!

You don’t need the whole pie.

I took a slice of Rail Vision Ltd. (NASDAQ: RVSN) yesterday when it spiked 140% before noon. My trade was 18% of the move.

Don’t be deceived, 18% is a huge chunk of pie …

Most of my trades are between 5% and 10% profit. You can see on my Profit.ly account that my average win is 8%.

Source: Profit.ly

But during this insane 2024 market, the plays are bigger. There’s more pie for the taking. Hence my 18% profit, starting stake of $8,256.

Source: Profit.ly

I’m not the only one who grabbed a piece of RVSN. My students are on fire right now!

And it’s not over. There are more stocks spiking RIGHT NOW.

Keep your eyes peeled, there are more pies like RVSN out there …

My Watchlist This Week

© Millionaire Media, LLC

Everyday there are new trade opportunities.

For example:

Some of these stocks are multi-day runners, keep them on your watchlist to prepare for follow-up moves.

Like Ocean Biomedical Inc (NASDAQ: OCEA). The chart below shows a 1,300% spike on a multi-day timeline with 30 minute candles.

OCEA chart multi-month, 30-minute candles Source: StocksToTrade

Some are first day movers. Like NKGen Biotech Inc. (NASDAQ: NKGN) from yesterday.

This is an intraday chart. From left to right you’re seeing: after hours, premarket hours, and intraday hours.

NKGN spiked in the afternoon, continued to run early in the morning, and then pushed even higher when the market opened for regular trading hours. All told it was a 370% spike

NKGN chart intraday, 2-minute candles Source: StocksToTrade

Here are some more pies that I’m watching:

  • BiomX Inc. (AMEX: PHGE)
    • Spiked 260% with merger and $50 million financing news.
  • Aptorum Group Limited (NASDAQ: APM)
    • Spiked 1,100% with merger news.
  • TRxADE HEALTH Inc. (NASDAQ: MEDS)
    • Spiked to new highs with cash dividend news.
  • Airship AI Holdings Inc. (NASDAQ: AISP)
    • Spiked 460% with a U.S. Department of Justice contract.

Remember, we’re not trying to eat the whole pie. That’s a dangerous way to approach life … it applies to literal pies AND metaphorical ones.

But we have to identify these stock market plays before the opportunity disappears.

Yes … These pies have a shelf life.

Wow, this is such a good analogy.

Act Now!

© Millionaire Media, LLC

This market is on fire thanks to a rallying tech sector spurred by AI. But we don’t know how long the momentum will last.

Every bull market cools down eventually.

And since 3 out of 4 stocks follow the market … When it cools down, we’ll have fewer trade opportunities.

Don’t worry, there’s still time.

But you can’t hope to profit by following CNBC or Yahoo Finance. Even when they manage to share the hottest plays of the day, they’re still a few hours late, at best.

But Breaking News alerts these plays before they go vertical.

Look at the alert yesterday for APM’s gigantic 1,100% day-1 move:

APM announced plans for a business merger with YOOV Group Holding Ltd. (a privately held company).

Mergers are bullish catalysts because 2 businesses combined are theoretically always more valuable than either alone.

But APM likely doesn’t deserve to spike 1,100%. It’s an overreaction due to the hype in this market and the stock’s low supply of shares.

The price will crash eventually. That’s how penny stocks work.

Breaking News alerts us with enough time to get in and out.

Look below:

Every day I wake up and this alert system serves me fresh and hot stock market pies!

There will be more volatility today. More opportunities to catch a slice …

>> This Is Where I’ll Find The Next Big Runner <<

All before the rest of the market piles in.

Wait for the next alert. This momentum will build as we approach the end of the week!

Friday’s are one of the hottest trading days in the market.

Source: Reddit

Comment below if you’re feeling hungry …

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”