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Trading Lessons

How To Get In On This Action!

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Written by Timothy Sykes
Updated 7/10/2024 6 min read
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Now is the time to trade!

There are plays galore for traders who pay attention to the market right now!

This week already:

  • Longeveron Inc. (NASDAQ: LGVN) spiked 260%*.
  • VivoPower International PLC (NASDAQ: VVPR) spiked 110%*.
  • Virpax Pharmaceuticals Inc. (NASDAQ: VRPX) spiked 490%*.
  • Kazia Therapeutics Limited (NASDAQ: KZIA) spiked 460%*.

And that’s just scratching the surface!!

See my post on X below:

My students and I are banking on these plays! Take a look at some of their posts on X below:

Source
Source

I snagged a crazy profit on VVPR this week while at dinner in Italy with a group of my millionaire students.

It was a huge coincidence that I was filming when the after hours news came out. An announcement of a $34 million loan financing.

Take a look at my trade notes below:

Source: Profit.ly

Stop wasting time!

Every single day there’s a new opportunity to profit. And this week there have been MULTIPLE opportunities every day …

It’s all thanks to the overall market strength. When the market is hot there are more opportunities to profit for small-account traders like us.

Look at this insane chart of the S&P 500 ETF Trust (NYSE: SPY), it keeps pushing higher!

SPY chart multi-month, 1-day candles Source: StocksToTrade

Want to get involved?

Follow my instructions!

How My Students Profit

© Millionaire Media, LLC

I’ve been in this industry for over 20 years.

I’ve seen a lot of traders come and go.

I’ve also taught a lot of traders how to succeed in the market …

In all that time, I’ve developed a framework that I use to profit off of the market’s most volatile stocks.

And some of my students use this framework even better than I do. Jack Kellogg is a prime example. Jack joined the Trading Challenge in 2017 after he graduated high school.

In a fraction of my trading career, he passed my total profits of $7.7 million and is currently sitting at a jaw dropping $12.7 million.

See my post on X below for his average daily profits in this market:

This is where Jack posts his top trade setups.

Let’s get down to the gritty gritty.

Here’s how we profit off of volatile runners in the market:

Use This Popular Framework

© Millionaire Media, LLC

Volatile stocks like to follow popular trade patterns.

It’s because people are predictable during times of high stress. Like when they have a few thousand dollars in a stock spiking +100%.

The framework that these stocks follow essentially maps human psychology.

My college major was philosophy … Maybe those college courses helped me discover this trading framework. I don’t know …

But I do know that these patterns WORK! Over and over again for years. Decades even!

We just have to apply this framework to the next hot spiker.

Now, it’s easier said than done. For example, Jack didn’t make any money the first few months that he studied this process.

But that was before my students had a trained AI bot to follow this price action … 

Jack started trading in 2017. AI burst on the scene in 2023.

In 2024, my newest students are using AI to track the hottest stocks in the market.

For example, the AI trading bot, XGPT, alerted a solid trade setup this week on LGVN. Take a look at the notification overload in the chart below:

LGVN chart multi-day, 1-minute candles Source: StocksToTrade

Use XGPT to build smart positions on the hottest stocks!

Your next opportunity is TODAY.

Cheers.

 

*Past performance does not indicate future results

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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”