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How To Find The Top Plays In Today’s Market

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Written by Timothy Sykes
Updated 11/22/2023 7 min read

In a market filled with challenges, many traders wonder why their efforts consistently fall short.

If you’ve felt this frustration, you’re not alone – even I’ve been through that same type of pain.

Today, I want to share with you three steps that have consistently helped my students limit their frustration while trading…

And how to identify the best possible trades over and over again in this current market.

I expect the market to be INSANE in the coming months or years…

And I want to be sure that all of you are more than prepared to take advantage of what lies ahead.

Today, I’ll be sharing with you those three steps I continue to remind my students about every single day and how it helps them find the best plays in the market.

Big Percent Gainers

Every morning I ask my students who’s ready to crush this market!

If you want to capture some of the best plays in today’s incredibly hot market, you need to be prepared…

So what’s the best way for you to do that?

One thing I’m constantly reminding my students about is to focus on the top movers for the day.

I want you to find the stocks with the biggest moves and figure out why.

You’re not going to find success simply by following other traders’ picks, watching CNBC, or following what people have to say in some random chat rooms.

Every single day I’m updating my watchlist to keep a close eye on some of the top plays out there…

And it mainly revolves around big percent gainers.

If you look at my trades, the majority of them are panic dip buys…

This is one of the main reasons why I’m constantly scanning the market for big percent gainers, because if you studied this framework inside and out…

You’d know that eventually, these stocks that are spiking higher will panic.

Just yesterday, I was praying for Safety Shot, Inc. (NASDAQ: SHOT) to panic…

And it did, that’s why it’s so important to focus on plays like these!

Trading is all about being prepared, and finding those big percent gainers will put you in a better position compared to those who don’t.

Having The Right Tools

In the volatile world of penny stocks, success can hinge on swift and informed decision-making…

And at any moment, anything can happen in this unpredictable market.

Minutes and seconds can make all the difference between a winning trade and a losing trade.

You may recall when I made this trade back when I was traveling in Japan…

Source: Profit.ly

It was all thanks to StocksToTrade Breaking News and as I was getting ready for bed…

It was an opportunity so good I couldn’t pass it up.

You need to have the right tools if you want to spot some of those unexpected plays in this market.

Going through hundreds or thousands of stocks will take forever…

And even in a few minutes, when you’re focusing on one stock to trade…

More Breaking News

There could be another stock going Supernova from a breaking news alert. 

Having A Plan

If you think you have the next “hottest pick” because of a StocksToTrade Breaking News Alert…

Or even an XGPT alert…

And you’re just thinking about buying and holding because it’s going to go to the moon…

Let me tell you something…

That’s probably one of the worst things you could do.

Every trader needs to know what their next move should be.

I’m talking about how much you should risk, the entry price, the exit price…

This is something that all of my millionaire students think about every single time to help them stay prepared.

Every day I keep reminding my students to review and analyze their trades…

And I ask them what trends they’re seeing in the market, or what is their plan for today or the next.

After 20+ years of trading and millions in profits to show for it, I find time in my day to think about all this…

It’s critical to help you develop a trading plan so you’re not going into each day blind.

Let me give you an example of what I’m talking about.

Over the last couple of weeks, you’ve probably heard me talking about my weekend strategy. 

I’ve traded stocks like…

  • Safety Shot, Inc. (NASDAQ: SHOT)
  • Direct Digital Holdings, Inc. (NASDAQ: DRCT)
  • Udemy, Inc. (NASDAQ: UDMY)
  • NerdWallet, Inc. (NASDAQ: NRDS)

And seeing how this strategy has been working time and time again…

I know that I’ll be focusing on this strategy come Friday, even with the market closing early.

I also want to note that we’ve seen a lot of short squeezes happening during the pre-market hours or as soon as the market opens…

Plus we’ve seen several multiday runners starting to happen, something we haven’t seen in a while…

Which means I’ll be looking more for those morning panics to start happening more.

Taking the time to plan ahead of time isn’t necessarily fun…

But it helps me clarify and focus on what truly matters.

So as we continue to navigate through this incredibly hot market…

Are you prepared to capitalize on all of these plays? 

I want all of you to be successful, but it all starts with knowing what to look for and how to plan accordingly.

That’s why I encourage all of you to learn as much as you can by joining our FREE weekly trading sessions. 

💥Click here to join our next FREE Trading Session💥

I’ll see you in chat.

-Tim

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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”