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Gobbling Up Profits: A Trader’s Thanksgiving Guide

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Written by Timothy Sykes
Updated 11/22/2023 7 min read

Thanksgiving isn’t just about turkey, stuffing, football, and dodging awkward family conversations anymore…

It’s also an opportunity to become a better trader while others are snoozing on the couch.

This holiday, I want to spice up your trading game by sharing some hard-earned lessons.

In fact, if you want to finish the rest of the year on a high note then these six nuggets of wisdom will serve you well.

#1 Expect Trading Volumes To Decline

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The Nasdaq is up more than 45% year-to-date.

If this was a soccer game and Wall Street had the lead…

They would be “parking the bus” right now.

Expect to see lighter volume as we get closer to Christmas time.

And while that might sound bad for those eager to still trade…it’s NOT.

You see, when the volume dries up from large cap stocks…a lot of it dives into small and micro caps.

In other words, we should expect to see some crazy moves in small caps.

If you’ve been trading this week then you’ve probably already seen it in stocks like ANGH, SHOT, CYTO, and SGD.

#2: Have The Right Mindset

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While I do believe there’s going to be some epic trading over the next few weeks…don’t expect a multitude of great plays daily.

In other words, you’ve got to be more patient.

One thing that I often say which gets confused is “small wins add up.”

That doesn’t mean sit in front of your screen all day and scalp in and out of dozens of symbols.

I’ve never had success with overtrading.

And if you look at my latest run, it’s due to the fact that I’ve been intentional with my trading…focusing on a few setups that I’ve seen work countless times in this market.

Like my weekend strategy …which has delivered some of my best wins this year.

#3:  Shorts Are Going To Get Wrecked

This Thanksgiving make sure to to be thankful for all the thick headed short sellers…

Without them, trading would have been less profitable and enjoyable.

While I do see them getting some trades right over the next few weeks…all it takes is one or two to get away for them to give it all up and possibly blow up their accounts.

You see, with less trading opportunities I believe we will see more desperate short sellers…and with that will come some epic squeezes.

It’s a perfect recipe.

#4: Focus On Catalyst Driven Plays

For epic short squeezes to occur you need shorts to get involved. And for that to happen, there needs to be a considerable amount of trading volume in the symbol.

That’s why right now the best plays to focus on are catalyst driven.

Like my weekend strategy…which has delivered some incredible plays recently.

#5: Expect Mini-Trends To Be Short-Lived

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This year we had some big trends last for months, like small cap stock companies fighting against short sellers and the rise of AI.

With the year coming to a close…I would expect to see mini-trends, lasting a few days or so and then sizzle out.

In order to take advantage of them you MUST do your homework.

And you should use tools like StocksToTrade Breaking News that will keep you ahead of the curve.

#6: Defense Creates Offense

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For several months this year I was trading from behind. I suffered a large loss which forced me to size down and slowly build back up.

In order to take advantage of the upcoming opportunities you must focus on risk management.

You can’t let your losses be significantly bigger than your winners.

It’s a lot easier to get aggressive on good setups when you are trading with a lead.

However, if you’re in the hole…you’re likely to trade scared.

And while I do believe trading scared has its advantages…you don’t want to be so scared that you don’t place trades on A+ setups.

Focus on risk management and you’ll be surprised at how other areas of your trading will improve.

After twenty plus years of trading…no rule has served me better than cut losses quickly.

🍁 This Thanksgiving, Don’t Just Feast on Turkey – Feast on Trading Opportunities! 🍁

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📈 While the market is closed, your chance to improve your trading skills are open. And with the year-end approaching, it’s time to sharpen your strategies and gobble up profits!

🚀 Why settle for the usual Thanksgiving routine when you could be boosting your trading game?

Discover how to leverage the holiday season’s unique market dynamics. From the expected decline in trading volumes to playing short squeezes – there’s a wealth of knowledge waiting for you.

💡 Dive into our special Thanksgiving Live Training Sessions! 

Uncover the six nuggets of wisdom essential for trading success during this festive season.

We’ll cover everything from the right mindset to recognizing and capitalizing on short-term trends.

🏆 Maximize Your Potential with Proven Strategies:

Understand why small and micro caps might be the key to big gains.

Learn to navigate the market with precision, avoiding the pitfalls that trap the unwary.

Get insights into making the most of short squeezes and catalyst-driven plays.

🔥 Don’t be left in the cold as the market heats up! Our live sessions will equip you with the tools and tactics needed to end the year on a high note.

👉 Ready to Transform Your Trading This Thanksgiving?

Secure your spot now and turn these market insights into actionable success!


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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”