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My #1 Stock For Thursday, June 20:

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Written by Timothy Sykes
Updated 6/19/2024 5 min read

The market was closed yesterday, but my students and I kept working!

Thanks to Wednesday’s prep session, I’m laser focused on 1 major stock today, Thursday.

Look at the price consolidation into the close on the chart below:

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

There will be major trading opportunities today and tomorrow. To capitalize effectively, it’s important that traders STAY READY.

See my posts from X below:


>> Follow me on X to stay up to date this week <<

I’ll share my #1 stock with you today, but you have to make me a promise:

Follow my trading rules!

When the market opens at 9:30 A.M. Eastern, it’s every man and woman for themselves. Usually my students go through the Bootcamp before they feel truly comfortable navigating the market.

But we don’t have time for the Bootcamp. (Save it for this weekend).

I’ll touch on 2 of the biggest trading rules to help your Thursday trading …

2 Key Trading Rules

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Ignoring these rules could be catastrophic for your account.

It’s not complicated:

Rule #1: Trade With A Plan

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These stocks don’t spike randomly. They like to follow a specific framework.

We use the framework to build positions on the most promising stocks.

My students learn the framework in depth during the Bootcamp … And before 2024, that was one of the only ways to understand this process.

But now we have an AI bot that tracks this common trading framework!

Enter your ticker into XGPT and it will spit out a trade plan as if you asked me directly.

Rule #2: Stick To The Plan!

This goes both ways, for profits AND losses.

Too many students get sidetracked because they don’t follow their own trade plans. Trust yourself!

  • Take profits into strength. These stocks won’t spike forever. Get out while the getting is good.

Or …

  • Cut your losses. On these volatile stocks, a 5% loss can quickly turn into a 10%, 20%, or 30% loss if traders fail to recognize that the stock is falling apart.

Professional traders control their losses so that the profits outweigh them. That’s how we stay in the game.

And now for my #1 stock pick today!

GeoVax Labs Inc. (NASDAQ: GOVX)

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On Tuesday it spiked 130%* including after hours, and consolidated into the close.

That morning the company announced an award to continue Phase 2 of testing for its next-generation COVID-19 vaccine.

COVID isn’t the catalyst that it once was … But judging by Tuesday’s spike, there’s still enough of a buzz to get things moving.

Take a look:

GOVX chart intraday, 1-minute candles Source: StocksToTrade

StocksToTrade shows that the float is only 2.1 million shares. Anything below 10 million shares is considered a low float. And the low supply of shares helps the price spike higher when demand increases.

The chart also shows a great history of spiking.

In May of 2022 it surged 440%*. And between July and August of 2022 it spiked 570%*.

GOVX is in play Thursday and Friday as the price is able to hold gains …

>> Use XGPT to build smart positions on this runner <<

And follow the rules.




*Past performance does not indicate future results

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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”