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My Process For Profits Right Now

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Written by Timothy Sykes
Updated 4/9/2024 6 min read
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There are REAL profit opportunities for small account traders every day in this 2024 market.

Yesterday we watched Laser Photonics Corporation (NASDAQ: LASE) spike 210%. It started the move after announcing a new order contract from L3Harris Technologies, Inc.

Take a look at the chart below, every candle represents one minute:

LASE chart intraday, 1-minute candles Source: StocksToTrade

This spike reminds of the other stocks that are running right now. And we don’t need to catch the entire move. Just the most predictable* parts of the spike.

The goal is to make 10% – 20% and move to the next runner. Those who get greedy will be humbled by the market.

Don’t worry, there’s a clear process that I follow for profits.

And it’s not just me. I have over 30 millionaire students now and the number keeps growing.

One of my most successful students, Jack Kellogg, gave a recent live stream for up and coming students using the same trading process. In a fraction of my trading career, he’s pulled $12.5 million in profits from the stock market compared to my $7.6 million. These numbers include losses.

Usually, these live streams are reserved for Challenge students, but I uploaded this one on YouTube to show you the INSANE market opportunities right now.

The video is below:

Here’s how we profit off of the market’s most volatile stocks:

It’s A Two Step Process

stock trading for beginners in 6 steps
© Millionaire Media, LLC

We have to find the stock. And then we have to trade the stock.

That’s putting it simply.

As you may have guessed, it’s easier said than done. But luckily, you have me and my millionaire students to guide you.

See, when I started it was just me. Nobody was trading penny stocks. And there definitely wasn’t a publicized framework for these moves. I did that myself.

Over the next 20 years I’ve shown other people the framework and the process that I use to trade.

My group of students was small at first. In fact, my first millionaire student, Michael Goode, thought I was full of crap. Then he saw my account continue to grow month over month and eventually joined my Challenge.

Michael Goode was my first millionaire student, but certainly not my last.

As I said, I have over 30 millionaire students now and that number continues to grow because a lot of them give back. They share what they’ve learned with the Challenge community.

Michael Goode had to rely on me for ALL of his trading examples and study content. But a student who joins today has daily access to my millionaire students through the Challenge chatroom. There are so many more learning opportunities.

Now, let’s break this process down:

#1: Find The Stock

© Millionaire Media, LLC

I use Breaking News to find the market’s hottest stocks before they go vertical.

This tool alerted the move on LASE yesterday morning. See my Tweet below:

Breaking News is perfect for new traders AND traders who are short on time. Like me!

Personally, my first job is teaching students. Trading is a significant part of that, but it doesn’t take up all of my time. Also, I run a charity called Karmagawa.

As a result, I don’t have time to sit in front of my screen waiting for the next spiker with hot news. I wait for the Breaking News alert. This is for:

  • Traders who are new and struggling to identify good plays from bad plays.
  • Traders who work a day job and can’t dedicate enough time to trading.

Use Breaking News to find the market’s hottest stocks.

#2: Trade The Stock

© Millionaire Media, LLC

The hottest stocks in the market can follow popular patterns.

Here’s why: People are predictable during times of high stress. Like when they have a few thousand dollars in a stock spiking +100% intraday. As a result, these patterns have existed for decades. And they will continue to manifest in the market as long as human beings continue to trade stocks.

With that said, you have to understand that this is an inexact science. No two stock spikes will look the same. But they can follow a similar framework. With enough experience, a trader will come to recognize these patterns in real time.

I made a new video outlining my profit strategy RIGHT NOW in this 2024 market.

Watch the examples in my video below. Study, take notes, and absorb the content. The more examples that you see, the quicker this will make sense.

Oh … And there are new profit opportunities today. Don’t miss out!

Cheers.

*Past performance is not indicative of 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. 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”