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Trading Tips-Tim Sykes Penny Stock

Spot The Market’s Hottest News EARLY

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Written by Timothy Sykes
Updated 2/21/2024 5 min read

You know what they say about the early birds …

We’re gobbling worms!

By the time you hear about the market’s hottest stocks, it’s probably too late.

There IS a way to catch these runners … But forget about giant news outlets like Yahoo Finance.

They announced the Motus GI Holdings Inc. (NASDAQ: MOTS) catalyst at 8:52 A.M. Eastern on February 21.

See below:

Source: Yahoo! Finance

But my students and I had eyes on it the day before at 3:59 P.M. Eastern.

Take a look at the MOTS chart below to truly understand the difference between these news alerts:

MOTS chart multi-day, 2-minute candles Source: StocksToTrade

Yikes … Maybe there’s a reason major media is experiencing mass layoffs.

They kind of suck at this haha.

Stop wasting time with stocks that you hear about from ‘the news’.

Go to the source!

Company Filings

© Millionaire Media, LLC

Here’s the reality:

Companies don’t usually hit up Yahoo Finance to tell them what’s going on.

Major media employees have to do the grunt work themselves. That’s why there’s such a delay.

MOTS announced its new patent in a filing on February 20. See the date stamp below:

Source: Profit.ly

And I was able to profit because I had eyes on this stock a whole day before.

Now, I’m a better teacher than a trader: I left a lot of profits on the table. But when 90% of traders lose, I’m proud of my 14% profit!

With a starting stake of $3,429:

Source: Profit.ly

Here it is overlaid on a chart:

MOTS chart intraday, 1-minute candles Source: StocksToTrade.

And I wasn’t the only one to profit.

All of my students had a perfect opportunity to snag some of this move:

The Next Runner

tim sykes in arizona riding on a jeep
© Millionaire Media, LLC

There’s still time to catch the next big spike!

A lot of people think that they don’t have the time to trade …

For a majority of people: That’s an excuse they tell themselves so that they don’t feel bad about missing out on this intense 2024 price action.

You don’t need to feel bad!

There’s still time to profit in this 2024 market. Especially when we alert the market’s hottest news for you.

Besides, most of my students start trading with this process as a side hustle.

You don’t need to pay attention to the market all day long. Just check in during key moments or when you get an alert.

And don’t worry about missing a play. There will always be another runner. I’ve been trading these patterns for over 20 years.

Relax, pay attention to the day’s hottest runners, and follow the process.

This is a marathon, not a sprint.

Cheers.


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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

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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”