timothy sykes logo

Penny Stocks News

These 4 Stocks Have Caught My Eye

Timothy SykesAvatar
Written by Timothy Sykes
Updated 10/12/2023 6 min read

Every year, like clockwork, there’s a shift in the market that every trader needs to be made aware of!

With over two decades of trading experience, I’ve witnessed market cycles come and go…

But what’s brewing right now in this market, it’s something no trader can afford to overlook!

Today, I’ll reveal how these four stocks I’m watching have me jumping for joy…

And show you how you can find the same trades as me…

Plus what your next steps should be.

Let’s not waste any more time and let’s get going!

My Big Announcement

Right now we’re seeing 500%, 1,000%, and even 3,000% runners in a single day!

So what does this mean?

It’s Supernova Season!

Two years ago I made this post for traders to read…

And I’ve said this multiple times already…

History tends to repeat itself and that’s why you need to learn from the past!

Each of you could potentially capitalize on these plays we’re seeing right now…

You just need to be prepared! 

Over the last several weeks, we’ve seen so many short squeezes…

But right now we’re entering a time of year when you can see a lot of these beaten-down stocks go supernova all thanks to these over-aggressive short sellers…

And I’m incredibly thankful for them!

In the days ahead, I want all of you to know how to take advantage of what the market has to offer…

So as we dive into these latest Supernovas, I want to show you how amazing these moves are…

And why I think there are additional opportunities for traders to capitalize on them!

Supernova #1Tempest Therapeutics, Inc. (NASDAQ: TPST)

Post image

Get my weekly watchlist, free

Sign up to jump start your trading education!

You may remember me talking about this stock the other day…

TPST went from nearly $0.40 to $11!

Numerous short sellers saw this stock go from $0.40 to $1.00…

And they all assumed it ran high enough and it would go back down…

But once again, they were wrong and the stock continued to soar higher and higher!

Over the last several months, we’ve seen the same type of thing happen time and time again.

When you have these short squeezes, it opens so many opportunities for traders…

And I’ll explain why that is in just a few minutes.

Supernova #2Secoo Holding Limited (NASDAQ: SECO)

The same thing happened with SECO…

Just take a look at this chart!

 

While it’s not as remarkable as TPST, these price movements are almost never found with large-cap stocks.

These are some of the best opportunities out there right and all of you need to take advantage of them! 

When these alerts come out, you must focus on the price movement.

More Breaking News

Supernova #3OpGen, Inc. (NASDAQ: OPGN)

OPGN spiked from roughly $0.35 a share to over $4.00!

Source: StocksToTrade

That’s over a 1,000% move!

And when you have Supernovas like this, you don’t want to chase…

But you need to plan for the opportunities that lie ahead.

So why did I share these three recent Supernovas with you and why does it matter?

Well, just because you missed the recent run-up, doesn’t mean the party is over…

I missed many of these plays, too, but my students knew what to look for and nothing makes me happier!

So I hope every single one of you is now prepared for the next Supernova that comes your way…

But if you happen to miss it, don’t get frustrated…

Here’s what you should be planning for instead.

Why It Matters

Every single one of these Supernova’s should have you jumping for joy!

Looking back at these plays, I want all of you to keep something in mind…

My 7-Step PennyStock Framework. 

This framework is designed around supernovas and what you should be looking for next…

Let me show you what I mean.

ParaZero Technologies Ltd. (NASDAQ: PRZO)

Source: StocksToTrade

PRZO soared from $0.65 to $2.85, that’s over a 300% move!

When you miss the run-up, you need to realize that not all of these plays will fall off a cliff…

But if there isn’t any bounce, be sure to cut your losses quickly! 

As PRZO was a big runner, I was keeping a close eye on this for a potential dip-buying opportunity.

Earlier in the week, I mentioned that some of the best opportunities are happening later in the day…

A time that is typically the worst time to trade, but I’m adapting to what the market is giving me.

I entered my trade at $2.21 and exited at $2.45 for a 10.86% profit!  (Risked $5,525).

When you find these types of plays, you need to remember you don’t need to risk a lot to make a lot…

That’s the most beautiful thing about Supernovas! 

You need to learn the process, and if you aren’t trading these types of plays, you need to at least go back and study them to better understand what’s happening!

If you’re worried about selling too early, who cares…

I do it all the time!

I’m a coward when it comes to trading, but I’m just looking to take the meat of the move.

Remember, don’t hold onto these trades for too long and get cocky because the market will humble you…

And if you’re just starting and want to learn from the pros…

Be sure to attend these FREE weekly trading sessions. 

Stay safe and I’ll see you in chat.

-Tim

 



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”