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My #1 Lesson: How To Trade Right Now

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 12/20/2024 4 min read
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It’s Tim Sykes here.

This market is insane right now!

There are opportunities to profit all over the place. And frankly, I’m even a little overwhelmed.

I usually enjoy trading in Asia because I can take advantage of premarket spikes and early-intraday runners.

Because of the time difference, that’s around 9 P.M. or 10 P.M. for me in Asia.

But in this market, we’re seeing stocks spike at all hours of the day!

Take a look at the Nukkleus Inc (New) Com (NASDAQ: NUKK) spike this week. It ran 5,500%* in less than 3 days!

From less than $2 to $80 per share!

And it spiked higher in the morning, mid-day, afternoon … At any hour.

On the chart below, every candle represents one trading minute:

NUKK chart mult-day, 1-day candles Source: StocksToTrade

Get the next AI-trade alert!

And NUKK is far from the only stock that’s spiking right now.

Here are some more examples from this week:

  • The Glimpse Group Inc. (NASDAQ: VRAR) spiked 490%*.
  • Bio-Path Holdings Inc. (NASDAQ: BPTH) spiked 410%*.
  • Naxos.ai Inc. (NASDAQ: GXAI) rebounded 60%.
  • KULR Technology Group Inc. (AMEX: KULR) spiked 150%*.
  • PainReform Ltd. (NASDAQ: PRFX) spiked 660%*.

I filmed a new video lesson where I cover ALL of these runners …

Which brings me to my main point: We can trade these runners because they follow specific patterns.

The people trading the stocks behave predictably because they’re stressed. You’d be stressed too if you had money in a stock that’s up +100% …

And since people have always behaved similarly under stress, the hottest stocks in the market can follow the same patterns over-and-over again.

That’s how my millionaire students and I trade these runners.

We wait for the price action to match my framework, then we get in and out for calculated profits.

But in this insane 2024 market … Which is about to become an insane 2025 market … There’s 1 major lesson that you need to keep in mind.

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My #1 Lesson Right Now

© Millionaire Media, LLC

Like I mentioned, I usually enjoy trading from Asia …

But the time zone is actually a hindrance for me right now because of the frequency of these stock spikes.

Premarket Hours begin at 4 A.M. Eastern. And After Hours end at 8 P.M. Eastern. Which means that the market is closed for a special 8 hours.

That’s when I should be sleeping so that I can rejuvenate and get ready for the next day.

But 8 P.M. to 4 A.M. Eastern, in Asia, is around 9 A.M. to 5 P.M. …

I’d have to sleep through the entire day in Asia and stay up all night.

I’m a lot of things. But I’m not Batman.

I’ve been trying to stay up at all hours to catch the next spike. But it’s not good for my psychology or my health.

And as a direct result, I’m missing plays.

It’s one of the reasons why I took that big loss last week.

So, in this crazy 2024 market – Where we’re seeing +100% spikers every day – My #1 lesson is this: Schedule enough time to rest.

Yes, we’re going to miss plays.

But it turns out, that’s the case either way.

Pick a time frame of when you can trade. And make sure to push it! We still have to be aggressive right now. But make sure to give yourself enough time to rest to sustain that aggressive trading approach.

Get in the chat!

There are stock spikes all over the place. You don’t want to miss out right now!

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”