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Trading Lessons

Lessons from My Latest Weekend Stock Pick Spiking 300%

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Written by Timothy Sykes
Updated 11/27/2023 7 min read

I love small cap stocks this time of the year…

With most of Wall Street off for the holidays, a lot of the trading volume shifts to small caps– creating some explosive opportunities for prepared traders.

Not that I need any extra help…my trading has been on fire lately!

One of my best wins during this recent stretch has been in the ticker symbol SHOT…

… a stock that followed my 7-Step Penny Stock Framework to the letter.

Stocks like these are great not just because they create tradeable opportunities on the front side of the parabolic moves but on the backside as well.

The trick is learning how to spot these patterns and then apply the correct setup.

That’s what I’m going to break down for you today.

These are the three top components to finding monster plays like SHOT and how to take advantage of them.

Very Few Strategies Have Worked Better For Me This Year

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I have a confession…

I’m a former degen trader.

For example, I used to jump into trades right before a flight…knowing I’d have no WiFi…just for the thrill of it.

I know, it’s terrible to say…and I’m not glorifying it. The reason why I’m sharing it is because if I can evolve so can you.

You don’t have to be glued to your screen all day…

You don’t have to trade ten symbols each day…

And you don’t have to eat…sleep…breathe trading to be successful.

Over the years I’ve focused on becoming more disciplined, not overtrading, and becoming less of an action junkie.

To do this, I had to zero in on setups and strategies that required limited screen time…while offering the greatest opportunity.

I utilized one of those strategies in trading SHOT last Friday…it has since more than doubled.

3 Tells Safety Shot (NASD: SHOT) Was Primed To Take Off

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#1: News Catalyst

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Most of Wall Street could care less about small and micro cap stocks.


There’s not enough money in them for bankers and underwriters to truly care. That’s why you rarely see a top-tier Wall Street firm cover a micro cap stock.

And when there’s no analyst sharing their insights…these companies rely heavily on press releases.

Most of the press releases come off scammy…but whenever there’s one that appears legit…it has a strong likelihood of creating some powerful momentum.

On November 17th, a Friday, mind you I bought shares of SHOT.


Because the company announced it was  the official title sponsor of Save our Musicians Foundation Special Night with Luke Bryan.

If you’re a fan of country music then you know how big a deal this is.

Besides the press release…SHOT has an interesting product.

The company claims to have the first patented beverage on earth that helps people feel better faster by reducing blood alcohol content and boosting clarity.

The crazy thing is that the press release was on November 8th, which just goes to show how much opportunity there’s in these stocks if you just do your homework.

#2: It’s All About Timing

With the charity event on Saturday, I knew that Friday was the last chance for me to get into the stock.

If it was deemed successful, it would have brought a lot of hype around the company, and into the stock.

Now, this isn’t something new to me…

It’s actually a strategy I’ve traded for years.

It’s called my weekend strategy.  

And it’s been one of my successful strategies throughout my career, including this year.

My thinking is that they would release another press story highlighting how the charity event went.

I felt that the odds were stacked in my favor that the stock would catch a bounce on Monday.

And it did just that.

#3: Short Sellers Join The Party

On Monday the company released a statement it was doing a West Coast launch on December 7th in California.

And the stock took off…climbing above $4.30.

At this point it has more than doubled since the November 8th press release…and short sellers are calling BS on the company.

While my experience has taught me that a lot of these companies disappoint…and it’s hard to trust them…I also don’t believe in fighting the tape.

And in the case of SHOT, the momentum was clearly bullish.

So it was no real surprise to see it squeeze higher on Tuesday, trading above $7 per share!

It went from relatively unknown…to being one of the most traded stocks on Wall Street yesterday.

Source: StocksToTrade 

#4: (Bonus) SHOT Followed My 7 Penny Stocking Framework

As quickly as SHOT spiked yesterday…it came crashing down.

But that didn’t come as a surprise because it followed my 7 Penny Stocking Framework to the letter.

In fact, step four in the process is the crash, and that’s what we saw yesterday.

If you’d like to learn more about the 7-Penny Stocking Framework just hit play on the video below:

Learn How To Trade My Weekend Strategy For $1

© Millionaire Media, LLC

Black Friday deals are here…

Discover how I trade stocks like SHOT before they make their explosive run ups…

Take advantage of this massive discount now before it vanishes!

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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”