How To Trade January Effect Penny Stocks Like $MITK $ONVO - Timothy Sykes

How To Trade January Effect Penny Stocks Like $MITK $ONVO

As I cover in detail in my TIMtactics DVD (see my online store full of useful study guide DVDs HERE), the January Effect is a great catalyst that can spike beaten down penny stocks.

Definitely study this phenomenon in depth, but long story short, weak stocks become weaker towards the end of the year due to tax loss selling (if you lose a lot of $ on a stock, it’s better to sell it in October, November or December so you can take the loss on your taxes come April of next year rather than waiting to sell in January of February and have to wait to take the tax loss for a whole year later) and so in January these stocks often spike very quickly.

I told my trading challenge students and members of my longer term newsletter (coming to Profitly in March, get excited!) that MITK and ONVO were my top 2 long picks heading into 2013 (yes I do buy penny stocks, I specialize in short selling, but I made my first million buying, not shorting penny stocks).

Despite their choppiness, I absolutely was dead on right about both of them even though I only made roughly $10,000 between the two of them while had I simply held my positions from my original thesis I’d have made $85,000…you can see on Profitly my students made roughly $25,000 on these two stocks so not too bad for a few days work!

See the pictures and the video below and realize I did this video a few days ago, before MITK and ONVO continued their ferocious January spikes…learn from these outstanding gains:

mitk4 copy

onvo324 copy

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Timothy Sykes

Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my millionaire challenge. Iā€™m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don't forget to check out my free Penny Stock Guide, it will teach you everything you need to know about trading. :)

  1. Scott Raley

    Tim, your killing it right now being creative flowing like fine wine with your content. Please show me were to start šŸ™‚ Im an internet marketer looking to go big on your inner circle.

  2. AGORACOM - George

    Tim, remember also that investors who took tax losses tend to come back in and re-acquire the stock once their 30-day wash period has expired. Hence, the added demand + lower supply = Voila.



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