timothy sykes logo

Watchlists-Penny Stock Investment Strategy

A Multi-Million Dollar Watchlist

Timothy SykesAvatar
Written by Timothy Sykes
Updated 1/30/2024 5 min read

It’s almost impossible to profit if you’re watching the wrong stocks.

That’s why I share watchlists with my students.

Every single week I make sure they’re watching the hottest stocks in the market.

I can’t trade FOR you. But I can:

  • Make sure you’re watching the right stocks.
  • Studying the hottest trade patterns.
  • Show you my trading process LIVE.
  • Give you an AI that operates as if it were me.

There are so many tools for new traders in this market.

And some of these advances are recent!

One of my most profitable students, Jack Kellogg, started trading in 2017.

When he joined, there wasn’t an AI tool to use for trading. And there were far fewer millionaire students to learn from. I have over 30 now.

Jack has already logged $12.5 million in trade profits. More than me … and I’ve been at this for over 2 decades.

I’m a better teacher than a trader. Jack figured out how to profit more effectively using my trading process. And I’m not surprised. There are a lot of profits ripe for the taking.

Especially during this 2024 market.

Major indices like the S&P 500 ETF Trust (NYSE: SPY) are on a bull run after 2023 ended with a bang.

  • Inflation is cooling.
  • AI is pushing tech stocks higher.
  • The U.S. economy is resilient.

Take a look at the chart below.

SPY chart multi-month, 1-day candles Source: StocksToTrade

It’s very important that you understand this:

When the market is hot, small-account traders have more opportunity to profit.

Now is the time to put your foot on the gas.

Now! Not later.

I’ll make sure you’re watching the right stocks.

You make sure to pay attention.

This Week’s Watchlist

© Millionaire Media, LLC

I mentioned that my millionaire students give back and help teach new students.

Jack is a shining example.

That’s the difference between our trading community and others.

We want to see each other succeed.

Jack started trading after he graduated high school. And he worked as a valet until he started to profit in the stock market.

  • Tim Grittani was an insurance agent.
  • Matt Monaco started in college.
  • Mark Croock was an accountant.

I started trading after a tennis injury dashed my early hopes of life as an athlete.

Here’s my point: We’re normal-everyday people who approach the stock market with discipline. This isn’t rocket science. I’m not a math wiz, and neither are most of my students.

The millionaire students give back because they know what it’s like to start from the beginning.

Jack Kellogg shared his watchlist with challenge students this week.

I send my watchlist out every Sunday. But considering the immense opportunity in the market right now.

You should take a look at Jack’s top stocks.

The Hottest Setups This Week

© Millionaire Media, LLC

Here’s Jack’s watchlist for the week of 1/29/24 – 2/2/24.

Phunware Inc. (NASDAQ: PHUN)

Post image

Get my weekly watchlist, free

Sign up to jump start your trading education!

– Ended up tagging a +$10k gap up on this stock last week, once again I will keep it on my watch as it has traded over 5 billion shares in the last two weeks, that could be a record lol.

Source: Profit.ly

Redacted Sections

I can’t share Jack’s entire watchlist for legal reasons.

If this information got out, we’d be no better than the scummy promoters that pump stocks.

There’s a process for profits in this niche. But I have to reserve the details for my Challenge students.

For Jack’s entire watchlist, and every trading tool you’ll need: Apply to join my Challenge.

Every day there’s a new profit opportunity.

Stop wasting time. Pay attention to the market.

How much has this post helped you?

Leave a reply

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

* 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”