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How I Am Planning For This Upcoming Move In The Market

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Written by Timothy Sykes
Updated 10/24/2022 5 min read

I am not buying into the rumors that the market bottomed.

Despite any rebounds we get in the near future.

Just take a look at Invesco QQQ Trust (NASDAQ: QQQ)

QQQ chart 1-day candles Source: StocksToTrade

Even JPMorgan Chase president Daniel Pinto said that we haven’t seen the bottom of the market yet…

Despite the historic volatility and uncertainty in the market, I am sticking to what has worked for me all year.

In fact, I have found several opportunities over the year that have helped me profit over $123,000.

Many individuals are wondering if we are on the verge of a recession and where interest rates may go from here…

We honestly don’t know what will happen, but I do know that small-cap stocks continue to not be phased by what is currently happening in this market.

It is important for you to understand how you can find these opportunities, and in fact, I just found one headed into the weekend.

And as I capitalized on this one trade, I am also planning to capitalize on this…

Having The Right Tools 

Have you ever done an outdoor activity where you weren’t prepared?

Most likely not…

The same rule applies to trading.  You need to make sure you have the right tools in place in order to be successful.

Having the right tools is only half the battle and it’s important for you to know how to apply them.

There are traders out there just looking for hot picks and just want to be told what to do.

That’s not how it works, and that’s not what I want you to do as a trader.

My goal is to help you become a self-sufficient trader and learn how to spot these opportunities all by yourself!

On Friday, I got an alert about Cann American Corp. (OTC: CNNA)

Did you find this play on Friday? I hope you didn’t miss out on this!

Source:Profit.ly

After getting alerted about CNNA, this is where my weekend pattern came into play.

Now, you can’t do this with every stock, but my weekend pattern can be an effective strategy if you understand the rules.

With a weekend strategy, you need to find a stock that has a lot of hype…

Something that can help bring volume and trend upwards towards the end of the day, going into the weekend…

As the hype continues to build over the weekend, you are looking for the stock to spike up at the market open on Monday.

Having stock volume is always important to help move a stock, even though it may not always move in a positive direction.

Not only is volume important, but it’s also important to see what the stock has done in the past…

Study Chart History 

It’s important to study stock market history to see if a stock has spiked in the past.

If it has, it has the ability to do it again.

And if there is a stock that was a big percent gainer and I missed out on the opportunity to trade it…

I just add it to my watchlist for any future opportunities.

Just because I missed the opportunity to catch the stock on the way up doesn’t mean there won’t be another opportunity to trade it…

So let’s take a look at my latest trade…

CNNA chart 1-day candles Source: StocksToTrade

Here you can see that CNNA was a previous spiker in the past, and this recent news about a merger deal brought in significant volume.

Headed into the weekend I bought this stock based on the recent discussion about an upcoming merger.

Now, even though I sold my trade and profited $1,089, (Risked $2,871 in capital to profit $1,089) I am still closely watching it to see what other news may come this week for additional trades.

More Breaking News

You will be able to find these opportunities if you are always prepared, so make sure you are always looking out for these types of trades!

Taking Advantage 

As a trader you want to take advantage of any opportunity the market gives you.

Yes, we are currently in a bear market, but this doesn’t mean you should just completely give up on trading…

Because there are still several opportunities out there for you to take advantage of.

I will continue to share with you all of these trading opportunities that I find, and I hope you are able to find them, too!

If you are still struggling on finding great opportunities, wait no more…

Because I am about to share with you a huge opportunity this Wednesday at 8 P.M Eastern.

See you Wednesday!

Cheers,

Tim

P.S –  Don’t miss out on how to profit 102%, 172%, 217% on most days the market crashed red

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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.
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* 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”