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Grittani’s Next Setup + Tuesday Watchlist!

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 9/30/2024 4 min read
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Welcome traders,

Last week, on Thursday, September 26, Tim Grittani outlined his exact trade plan on Uxin Limited (NASDAQ: UXIN).

And after Grittani showed us his position … The stock spiked 170%* higher.

You can see the recording of Grittani’s position below:

Join the next trading live stream!

Here’s a chart of the whole move:

UXIN chart Source: StocksToTrade

There are trade opportunities like this every week.

We hold trading livestreams to help new students understand this process. Live trading is one of the most effective tools that traders in our community use to understand these setups.

The reason behind the UXIN move …

  • Last week, China announced $140 billion in stimulus spending, plus any additional “necessary spending” to meet its economic goals for 2024.

All of the cash that flowed into the system caused Chinese stocks to rocket higher.

UXIN isn’t the only runner right now …

Massive Chinese-Stock Rally

Another example of a strong Chinese spiker is Fangdd Network Group Ltd. (NASDAQ: DUO).

The price spiked 810%* since last Monday, September 23.

On the chart below, you can see the price action that led into last weekend and this Monday … Every candle represents one trading minute:

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

These stocks, DUO and UXIN will show us more volatility this week!

But these Chinese penny stocks can be sketchy. That’s why it’s important for us to have eyes on ALL of the hottest runners in the market.

Today, we could see an opportunity come from DUO or UXIN.

But there are equally strong spikes from other stocks in our niche with solid catalysts. For example …

  • XChange TEC.INC (NASDAQ: XHG) announced a $25 million committed equity agreement with VG Master Fund SPC last week on September 24.
    • Shares reached a 330%* spike by Monday, September 30.

Now … Finding these stocks, and trading them, are two different tasks.

That’s why the live streams are so important, students can watch us trade in real time!

It makes all the difference, you’ll get an idea of our thought process while the trade is active.

Hindsight is 20/20 … The real struggle for new traders is recognizing these patterns in real time.

Follow Our Setups!

Even on hot stocks like …

  • UXIN spiked 390%*.
  • DUO spiked 810%*.
  • XHG spiked 370%*.

Nothing is a guarantee in the market.

The intraday volatility on the hottest stocks can be dangerous even if the chart closes green.

New traders could enter at the wrong time, get stopped out for losses, then the price surges higher.

We need to trade this volatility strategically!

My newest students are using AI to track the price action …

Here’s how it works: Traders in our community use the same patterns over and over again. It was only a matter of time until the AI caught on.

Our trading tool, XGPT, analyzes past price action and hot catalysts to help new traders build SMART positions on these runners.

For example, last Friday we got a trade alert from XGPT on UXIN … Take a look below:

>> Get the next AI trade alert from XGPT <<

There will be another trade opportunity today …

Make sure you’re paying attention!

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”