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How to Pick a 1,000% Runner📈

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

I didn’t become a millionaire trader by avoiding the best setups.

So, when I was late to my own conference in Las Vegas last week…my students knew I was up to something.

The stock I was trading?

MSP Recovery Inc. (NASDAQ: LIFW) – which is now up over 1,000% from last week and yesterday’s biggest percent gainer.

How do you even begin to find setups like this, let alone capitalize on them?

Believe it or not, it starts with a specific mindset I’ll teach you today.

And don’t worry, I’ll explain why LIFW’s setup caught my attention.

Trade Like You’re Retired

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The #1 mistake that keeps folks from reaching their full potential – overtrading.

They see folks like Jack Kellogg with +$12 million in lifetime earnings and want to be there NOW.

Unfortunately, greed and impatience work against you.

I tell folks to approach the market like you’re a retired trader.

As a retired trader, you’ve got lots going on in your life: travel, family, canasta.

You’ve made your money and are living comfortably.

The only reason for you to jump on a trade at this point is because it’s so hands down gorgeous that you can’t possibly ignore it.

I’m talking about a setup that you’re comfortable with, understand it inside and out, and know exactly how to minimize losses while maximizing your potential gains.

That’s what LIFW was.

What Made LIFW so Special

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So what could possibly make me late to my own trading conference?

Let me tell you.

It all starts with our StocksToTrade Breaking News.

These guys don’t just reprint news feed headlines. Anyone can do that.

No, they scour SEC filings for something like this:

Source: SEC

This filing shows the CEO buying about half a million dollars worth of the stock – not a small amount.

When you have a company that’s bordering on bankruptcy, like many penny stocks, this kind of news can really boost confidence in the company.

But that’s not the only reason I couldn’t just ignore this stock.

Go back a few weeks and what do we find…

LIFW wasn’t just a multi-day, but a multi-week runner.

Stocks with a history of running tend to do it again.

It’s not a guarantee. But it’s a good indication.

Now, even the best ideas aren’t worth squat if I can’t get the right entry that minimizes my risk while maximizing my profits.

My entry at $1.19 came in right as the stock broke out over the prior day’s highs, making this the stock’s first green day after multiple red days in a row.

I put my stop at $1.14, giving me a downside of $0.05.

My profit target was about $1.35-$1.40, giving me a potential upside of $0.20.

So, I’m risking $1 to make $4.

With that kind of setup, even if I only win these trades half the time, I’d still make money.

Pressed for time as I was, I took a quick exit, even though I thought it could keep going.

Stacking the Deck in Your Favor

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Not every trade is going to give you these great reasons to take the trade:

  • Big news catalyst (that most people would miss)
  • Former runner
  • First green day
  • Great risk/reward

That’s why I trade like I’m retired.

A retired person doesn’t need to take trades to earn a living. They only jump into the best of the best.

The more you learn about the markets, the setups, the patterns, and whatnot, the more of these choice setups you’ll find.

Discover the Art of the 1,000% Stock Gain 📈💰

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Ever wondered how some traders seem to consistently catch those elusive, high-gain stocks before they explode?

I’ve made a career out of pinpointing these rare opportunities – and LIFW was a textbook case.

A staggering 1,000% gainer that most missed, but not my students and me.

🚀 Want to learn the mindset and the methods that make these trades possible?

🚀 Curious about why a seasoned trader would skip out on his own conference for a stock like MSP Recovery Inc.?

🚀 Ready to grasp the strategic nuances of trading with the finesse of a ‘retired’ trader?

Join me in a live training session where I’ll dive into the intricacies of finding and executing trades that have the potential to significantly amplify your portfolio.

This isn’t about gambling on any stock that ticks up – it’s about calculated moves, iron-clad strategies, and the patience to wait for the ‘gorgeous’ setups.

📊 Understand what makes a stock like LIFW stand out in a sea of penny stocks.

📊 Master the art of entry and exit points for maximum gain with minimal risk.

📊 Learn to read the signs that most overlook, turning news into actionable insights.

Don’t let another 1,000% runner pass you by just because you didn’t recognize it. It’s time to trade smarter, not harder. It’s time to make the kinds of moves that could elevate your trading game to the next level.

Are you ready to identify and capture the kind of trades that could redefine your financial future?

Your opportunity to learn from a millionaire trader is just a click away.

👉 CLICK HERE TO CLAIM YOUR SPOT in our upcoming live training! 👈

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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

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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”