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Trading Tips-Tim Sykes Penny Stock

This Overlooked Time Frame Delivers Massive Gains

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 6/20/2025 6 min read
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Happy Monday.

We’re at the beginning of a brand new week that’s full of stock market opportunities.

Every week we see a new batch of cheap stocks that spike 100% or higher!

For example, last Friday alone:

  • Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR) spiked 190%*.
  • Innovative Eyewear Inc. (NASDAQ: LUCY) spiked 100%*.
  • Moving iMage Technologies Inc. (AMEX: MITQ) spiked 100%*.

When stocks spike 100% intraday, it’s easier to take a 10 – 20% profit.

Compared to the market’s favorite stocks, like NVDA, that only move a few percentage points a day.

That’s the main idea behind my trade strategy.

My millionaire students and I take the meat of the move from +100% stock spikes for calculated gains.

We’re not gambling.

We’re following a specific strategy on hot stocks that give us the most room for error.

This next part is most important …

These stock spikes are strongest during a specific time frame.

As a result, to give ourselves the best chance at profits, we need to trade these stocks during the right times.

It’s a combination of:

  • The hottest stocks.
  • With the best patterns.
  • At the right times.

Follow my lead this week.

My Strategy For Gains

First of all, anyone can do this.

My millionaire students and I are not special. We’re just disciplined enough to follow a successful process.

One of my most recent millionaire students, Evan, used to be a pizza cashier. Watch my video below:

Another one of my recent millionaire students, Clay, started learning as a senior in high school in 2017. And he’s the first to admit that he’s far from a prodigy. His early habits held him back from success.

Look at my post below that shows Clay here in Italy as reality sets in:

Even my most successful millionaire student, Jack Kellogg, came from humble beginnings as a valet driver.

Now he has over $20 million in trading profits (including losses).

Here’s Jack as we gave a webinar here in Italy last week:

You might not be special … That’s OK.

Neither are we 😆

The key is to look for popular patterns on the hottest stocks in the market.

Stocks can follow the same patterns over and over again because people are predictable during times of high stress.

And when the spike is new, people are at their most predictable. The hype is often at its strongest.

I like trading stocks on the first day of the spike. Specifically, I like trading them ASAP after they announce news.

And the hottest stocks in the market routinely announce news during premarket hours. Because that’s when the day starts.

People wake up, and they try to make money.

Friday’s Examples

Look at the premarket spikes from Friday’s biggest runners below. Every candle represents one trading minute.

WHLR was a short squeeze.

WHLR chart multi-day, 1-minute candles Source: StocksToTrade
WHLR chart multi-day, 1-minute candles Source: StocksToTrade

LUCY announced a partnership with Smartech to showcase their smart eyewear in their NYC flagship store.

LUCY chart multi-day, 1-minute candles Source: StocksToTrade
LUCY chart multi-day, 1-minute candles Source: StocksToTrade

And MITQ announced a $9 million contract to install 150 laser projectors over the next three years.

MITQ chart multi-day, 1-minute candles Source: StocksToTrade
MITQ chart multi-day, 1-minute candles Source: StocksToTrade

There are still plays intraday, but some of these spikes fail.

Like WHLR, it faded all day after the market opened.

That’s why it’s best to look during premarket hours. We get the start of the spike.

Look at my post on X below. It explains the opportunity in WHLR, the biggest spiker of the day:

Get the StocksToTrade scan.

We see setups like this every week.

Make sure to wake up early every day and take advantage of the strongest part of the price action.

But don’t make a trade until you see our patterns on the chart.

Otherwise you could walk into a bad setup. Or worse … Your emotions push you out right before the price spikes.

Watch my video below for the patterns that my millionaire students and I use to trade:

Cheers

 

*Past performance does not indicate future results

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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.
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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”

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