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Trading Recap

Hilarious Scumbag Stock Spiked 350% – With Profit Opportunities!

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Written by Timothy Sykes
Updated 2/1/2024 7 min read

Every week we find HUGE profit opportunities from the market’s trashiest stocks.

That might sound sketchy. Here’s the truth:

It can be if you don’t understand the reality behind these moves.

These stocks can spike +100% intraday.

On January 30 this week, Remark Holdings Inc. (NASDAQ: MARK) spiked 350% before the market closed.

And I wasn’t the only person to see the move.

Share prices launched after the company announced intensely bullish news.

But I knew it was all a lie. I’ve been in the market over 2 decades by now. I’m wise to the game …

Trashy stocks announce hyped up news in hopes the share price will spike. And you’ll never believe the claims that some of these companies make.

The updated announcement for MARK had me in tears lolol.

I love this niche. It’s the wild west out here.

Sure, the SEC plays sheriff. But what are they to do against thousands of trashy stocks trying to spike every day? They’re outmatched and out numbered.

And that’s how we get huge spikes among cheap stocks. Don’t believe the hype.

  • Recognize.
  • Trade.
  • Repeat.

There’s a process for profits in this niche. And sometimes we even get a good laugh from all the stupidity.

SEC Filing

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On January 30, MARK alluded to an $80 million deal with Microsoft Corporation (NASDAQ: MSFT).

That’s a HUGE catalyst for a penny stock.

When trash companies announce ties to a celebrity company it draws a lot of attention. And it’s usually followed by bullish volatility.

Another example is Pixelworks Inc. (NASDAQ: PXLW). The company announced a partnership with Walt Disney Studios and spiked 60% on January 30, the same day as MARK.

In the beginning, MARK’s announcement sounded like a penny stock fantasy: The absolute best case scenario.

But once the SEC filing came out and the market had time to read it …

This is a direct quote from the filing:

“Remark AI business unit and its customers will consume $80 million of Microsoft Azure cloud services”

These trashy companies are known to flat-out lie in hopes of spiking the stock price.

I see it over and over again. And it never fails to make me laugh.

My Profits

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I didn’t get to trade MARK

Because I was busy tracking other hot runners.

The 2024 market is on fire! There are almost an overwhelming amount of profit opportunities for small-account runners.

On January 30 I traded PXLW twice.

Source: Profit.ly
Source: Profit.ly

On Thursday, February 1 I traded NeuroBo Pharmaceuticals Inc. (NASDAQ: NRBO).

The biotech company announced new FDA clearance to start trials for its obesity drug.

Here’s why I liked it:

  • Biotech stocks are hot.
  • FDA clearance is big news for a penny stock.
  • The share supply is low.
    • StocksToTrade shows only 4.6 million shares.
  • The trading volume rotated the float multiple times that day.

It was a textbook runner, so I snagged some profits.

Source: Profit.ly
Source: Profit.ly

And the volatility doesn’t stop there!

There are more stocks spiking that I haven’t managed to trade. But I’m not frustrated by that.

There will always be another trade to make around the corner.

Above all things, we have to protect the overall account.

There’s a process for profits. Make sure to follow the rules. Or you’ll get stuck on the wrong side of this volatility. Don’t let FOMO push you into bad trades.

Remember, these are trashy companies. Most of them end just like MARK: Exactly where they started.

MARK chart, multi-day, 5-minute candles Source: StocksToTrade

My Process For Profits

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This strategy is tried and tested.

I’ve traded these plays for over 2 decades with $7.5 million in recorded trading profits.

And I’ve taught this strategy for 15 years. As of now I have more than 30 millionaire students.

This is a legitimate strategy for profits in the market.

But you have to understand, this is NOT a strategy to get rich quick. I can only profit as much as the market is willing to give me.

Here’s the good news: The market will always be there. You can build on your trading knowledge your whole life. And in turn, build your profits.

Here’s how it works, there’s a general framework that the hottest stocks CAN follow. Our job as traders is to find the cleanest spikers. We only want to trade the best setups.

Now, stay with me … The pattern we use to trade depends on where the stock is within the framework.

There are only a handful of patterns within the framework. But too many profit angles can be confusing for new traders.

Focus on this pattern as we enter the market close on Friday.

It’s a strategy that we use specifically for Friday afternoons.

And if you have any questions, drop them in our live chat. We’re tracking the hottest stocks every day.

Keep grinding!

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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”