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Trading Lessons

Is The Number #1 Stock of the Summer?

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Written by Timothy Sykes
Updated 6/13/2023 5 min read

I think I just discovered what could be the best stock to trade this summer.

This company has nothing to do with the following:

  • Artificial Intelligence
  • Electric Vehicles
  • The Medical Field

Yet it will deliver some of the best opportunities in the coming months.

I’ll tell the stock, why I love this catalyst, and how I plan to trade this.


My Early Pick For Stock Of The Summer

whats good till cancelled order
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Last week, I traded the ticker symbol MGOL on Wednesday, Thursday, and Friday.

It’s the symbol for a company called MGO Global, which happens to be the brand manager for Lionel Messi.

And ever since it was announced that Lionel Messi was taking his soccer talents to Miami and joining the MLS…shares of MGOL have been super active.

Source: NPR

And while this is massive news, I think it’s still under the radar.

That’s because the deal isn’t official yet, and other sports, like the NBA Playoffs, are in the spotlight.

However, as we inch closer to the announcement, I believe there will be opportunities to trade MGOL.

On Friday, this Boardroom headline caused a spike in the stock:

Lionel Messi’s Inter Miami Expands the Brand, Seeks New Trademark Amid Blockbuster Signing

Source: StockstoTrade

The stock immediately exploded…going from a low of 1.83 to a high of $2.56 in about 15 minutes.

I saw the headline thanks to my Breaking News Service:

Source: StockstoTrade


However, I didn’t jump on it immediately.

But will consider it next time if it happens.

Luckily, the stock sold off those highs, allowing me to dip buy.

I was able to get in at $2.17.

My goal was to be patient and see if it could make a run to the $3s.

One thing I like about this play is that it’s legit news.

This isn’t the company just trying to pump its stock up.

Also, MGOL seems legit. The company’s co-founder is Tommy Hilfiger’s sister, who has a lot of experience in fashion, merchandising, and e-commerce.

With all that said, these are just trades for me. I don’t look at them with the same amount of detail that an investor would.

I’m more concerned about finding a setup and trying to take advantage of an opportunity. And if I do it perfectly, that means my trades will be quick.

But the same is true if I’m wrong. I will be quick to cut losses.

Two Main Reasons This Stock Will Make Good Trading

Tim Sykes checking his top penny stocks list in Italy
© Millionaire Media, LLC

#1 The catalyst is ongoing. 

Lionel Messi is one of the most popular athletes on the planet.

We will be hearing about his move to the USA for months.

#2 The structure is good. 

For example, it’s a relatively small market cap with a market cap of under $50 million. In addition, the float is low, with around 6 million.

The Top Two Ways To Trade MGOL

In my opinion, these are the two best ways to trade MGOL.

#1 Off the Breaking News Alert. 

As I said, this stock is still kind of under the radar. I don’t expect that to be the case for long. But if you have the Breaking News Chat service and you can see it as happening…playing a breakout is one way to attack this play.

#2 Panic Dip Buy

I don’t think this story will be dying down soon. That means dips might create opportunities. It did for me on Friday, after the stock hit $2.56, it dropped to $2.17, where I got my chance to enter.

It was a great entry because the stock made new intraday highs.

Bottom Line

Look for recurring themes. The reason why I like MGOL is because this story is just getting started. And because I like to panic dip buy, this is a perfect stock to keep on my watch list.

Also, you want to be patient. I missed the initial entry of the breaking news story.

However, I remained patient and waited for a chance to dip buy.

Forget what the talking heads say…we are in a bull market. And in a bull market, you have plenty of chances to make money. That means you don’t have to rush into trades if you miss your first entry.

I bought MGOL on Friday because it fits the criteria for one of my favorite strategies. 

In fact, this strategy has been one of my best performers right.

Click here, and I’ll show you how it works. 

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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”