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The #1 Reason You’re Missing The Best Setups

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 6/2/2025 6 min read
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Already this week we’ve seen multiple trading opportunities for small-account traders.

Anyone with a brokerage account can access these setups.

For example, on Monday, June 2:

  • InMed Pharmaceuticals Inc. (NASDAQ: INM) spiked 220%*.
    • The shares were cheap, it never spiked above $10 per share.
  • Lyra Therapeutics Inc. (NASDAQ: LYRA) spiked 660%*.
    • It started below $5 per share and reached $37 per share intraday!
  • Basel Medical Group Ltd. (NASDAQ: BMGL) spiked 80% higher after Friday’s 590%* spike.
    • It never spiked above $10 intraday.
  • Ryvyl Inc. (NASDAQ: RVYL) spiked 300%*.
    • The price stayed below $2.50 per share intraday.

These are cheap stocks that follow my trade patterns while spiking +100%.

And yet … Most traders ignore these setups. Or they trade them unsuccessfully and lose money.

What makes me and my students the exception??

Look at the post below from one of my up-and-coming students. I had to redact certain values for legal reasons:

Source

This is the #1 reason why you keep missing these setups …

Act Like A Millionaire Trader

Most people want to wait to make the proper lifestyle switch until they start to see trading profits.

In some cases, I support that decision. For example:

“I’m not going to quit my job until I can make real money”.

This is an excellent decision. Don’t quit your day job until you become self-sufficient and successful as a trader.

But in other cases, it’s important to make lifestyle changes to realize these opportunities. For example:

“I won’t wake up early to trade until I can make real money”.

The strongest stock spikes start in the morning. Those who ignore the strongest price action probably won’t ever profit.

You’ve got to attack the stock market every day as if you’re really here to make money and minimize losses.

Most people say that they’re here to make money. But in truth, they’re here to gamble.

They see the stocks going up and down, and they think: “I’ve got a few hours today around lunchtime to make a trade, let’s throw $1,000 at the wall and see if it sticks.”

The stock market doesn’t care what your schedule is like.

Think about it like fishing. If you paid $1,000 for your bait …

  • Are you more likely to fish in the middle of the day?
  • Or at dawn and dusk when the fish are most active and feeding?

Now that I think about it, maybe that’s why Jack Kellogg ($20 million in trading profits) enjoys fishing so much.

It’s sort of like trading.

Look at Jack’s post below from a day out on the water:

Stock Spikes Are Strongest In The Morning

The strongest runners in the market, the stocks that spike +100% …

The momentum will fade eventually.

  • Sometimes the spike goes for days and weeks before it crashes.
  • Sometimes it fades intraday without a followup spike.

We never know which stocks will push higher and which will fail.

For that reason, it’s best to catch the runners during premarket hours when the spike starts.

Look at the examples from Monday, June 2, below:

Monday was just day one of this week …

I’ve been talking about these premarket runners for weeks and months.

There are a lot of spikes that you’ve already missed. But don’t worry. This is one of the strongest trends in the market right now.

The strongest spikes start during premarket hours.

Then, all my students have to do is prompt our AI trading bot with the ticker. It will spit out a trade plan as if you asked me directly.

Watch my video below for a tutorial of this process:

Start to act like a millionaire trader.

Hop out of bed in the morning to join me and my students during premarket hours.

We can trade during premarket.

In some cases you’ll have to contact your broker and sign a disclosure agreement. But that’s an easy process.

Get that done so you’re fully prepared to make gains off of the next premarket runners.

Cheers

 

*Past performance does not indicate future results

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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”