Press Alt+1 for screen-reader mode, Alt+0 to cancelAccessibility Screen-Reader Guide, Feedback, and Issue Reporting | New window

Trading Tips-Tim Sykes Penny Stock

The Robinhood Stock Spiking +100%

Timothy SykesAvatar
Written by Timothy Sykes
Updated 5/13/2025 6 min read

There’s so much opportunity in the market right now!

The U.S.-China trade deal inspired a lot of optimism in the market.

  • The SPY already spiked 4% this week.
  • The market’s darling, NVDA, spiked 12% this week.
  • And in our small-account niche, we’re seeing multiple +100% runners every day.

Yesterday, Breaking News alerted MOGO Inc. (NASDAQ: MOGO) after it announced an acquisition by Robinhood Markets Inc. (NASDAQ: HOOD).

The price spiked 170%* intraday …

Breaking News alerted the spiked with 90% on the table! Look at the alert overlaid on the chart below:

Use Breaking News to find the next +100% stock spike.

Watch the video below to see how it works:

MOGO is still in play the rest of this week. An acquisition by a major company like Robinhood has the potential to spike the price for multiple days.

We can trade this volatile price action.

In today’s blog post, I’ll show you how my millionaire students and I build positions on these stocks.

Trading +100% Stock Spikes

There’s a specific process that we use to trade the hottest stocks in the market.

This process has already minted dozens of millionaire traders, with many more on the way.

Look at the post below for an example of an up-and-coming student from my Challenge:

CNS Pharmaceuticals Inc. (NASDAQ: CNSP) spiked 130%* yesterday, on May 13, alongside MOGO.

But let’s stay on track and focus on the MOGO setup.

I told you there were a ton of +100% spikes in the market.

I didn’t trade the MOGO spike on day one. I’ve been busy in Mexico with a few of my millionaire students. But I’m watching it on day two and I’m analyzing the price action.

See my post below:

Key Price Action On MOGO

These stocks can stay volatile for multiple days.

Especially when they have credible catalysts. Like an acquisition from a real company that has a much higher value.

At the time of the acquisition news for MOGO, the stock’s market cap was only $28 million. HOOD’s market cap was $50 billion.

Now … When we look at the MOGO chart in hindsight, it’s much easier to see where these plays develop. But in the moment, when there’s money at stake, and the stock is jumping up and down, things become much more complex.

Try to read the chart from left to right and think about the price action developing as if you don’t know where the stock is going. Hold up a piece of paper to block the rest of the candles if you need to.

This is a trick that can help new traders understand the importance of major support and resistance levels.

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

MOGO chart intraday, 1-minute candles Source: StocksToTrade
MOGO chart intraday, 1-minute candles Source: StocksToTrade

Here’s the chart with all of my drawings on it:

MOGO chart intraday, 1-minute candles Source: StocksToTrade
MOGO chart intraday, 1-minute candles Source: StocksToTrade

Notice all of the major levels end in multiples of 10 …

These are psychologically significant levels.

Sometimes we see whole dollar levels act as major support and resistance too. For example, that would have been the $2 level on MOGO. But the price action was still within a range where the $2 level sort of turned into a volatile mess.

These support and resistance levels are essential for me and my millionaire students.

More Breaking News

The levels create the patterns that we use to make gains.

My Trade Patterns

© 2025 Millionaire Media, LLC

A lot of people are surprised when they hear that the patterns never change.

I’ve been trading with the same patterns for over two decades.

They’re the same patterns that my millionaire students use to trade …

The patterns repeat in the market because people are predictable during times of high stress. Like when they have a few thousand dollars in a stock that’s spiking +100%.

This is another way of putting it: Fear and greed move the market. And people have always behaved similarly when it comes to fear and greed.

Over the years, I’ve used these patterns to pull $7.9 million from the market.

My student, Jack Kellogg, has used these patterns to profit $18.5 million since he started in 2017!

And there are dozens of other students who passed the $1 million milestone with these patterns.

Once you learn the patterns, you can apply them over-and-over again to the next hottest stock.

Learn how my millionaire students and I use these simple trade patterns to make gains off of the most volatile stocks in the market.

Watch my video below:

Cheers.

*Past performance does not indicate future results


How much has this post helped you?



Leave a reply

Author card Timothy Sykes picture

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”

ts swipe photo
Join Thousands Profiting From Smart Trades!
TRADE LIKE TIM
notification icon
Subscribe to receive notifications