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How To Trade Stocks In June 2024

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Written by Timothy Sykes
Updated 6/17/2024 5 min read
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There’s a new pattern in the stock market right now.

Don’t worry, the framework that we use to trade is still the same!

Here’s the difference:

Due to the overall market strength in 2024 and the return of meme-stock volatility thanks to Keith Gill and GameStop Corporation (NYSE: GME), we’re watching volatile stock spikes follow our framework at a different time of day.

It’s called the 10:45 A.M. rule.

There’s a lot of volatility right after the market opens in the first hour, between 9:30 A.M. Eastern and 10:30 A.M. Eastern.

And there are amazing opportunities to profit during that volatility. But the price moves fast and there isn’t as much price action to help find key support and resistance levels.

Instead … Thanks to the immense bullish momentum in this market, a trader can wait until 10:45 A.M. (this is an inexact science) and find a decent setup using price action from earlier that morning.

Usually bullish momentum dies down mid day, that’s what makes this pattern “new”.

I used the 10:45 A.M. rule to trade four stocks last week. They all followed our trading framework. And I snagged profits from each one.

This is the #1 pattern I’m looking for today, Monday, June 17, and throughout the week!

The 10:45 A.M. Rule

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Like I said, I used this pattern to trade four stocks last week:

  • Airship AI Holdings Inc. (NASDAQ: AISP) on Tuesday.
  • DDC Enterprise Limited (NYSE: DDC) on Wednesday.
  • Longeveron Inc. (NASDAQ: LGVN) on Thursday.
  • Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) on Friday

My students had EVERY opportunity to trade these runners. I posted on X all throughout the week!

See the posts below:

Here’s an example of my profit on KAVL from Friday using the 10:45 A.M. pattern:

Source: Profit.ly

I snagged 3% from the 29% available, LOL.

You can do better than me! I have a crazy schedule traveling and teaching. It can hold me back from truly capitalizing on these plays.

A LOT of my students did better than me.

See my post from X below:

>> This is my blog post that details the 10:45 A.M. trade pattern <<

But, there’s one factor a trader needs to ensure they’re prepared for these big stock spikes.

How To Find THE RIGHT Spike

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There are thousands of stocks spiking every day.

By the time 10:45 A.M. rolls around … There could be hundreds of stocks that look like they could follow our pattern …

Don’t waste time on bad setups. They distract from the true profit opportunities!

My students and I had eyes on the right stocks last week because we got trade alerts before the market even opened.

Take a look at the alert we got on KAVL below:

KAVL chart intraday, 1-minute candles Source: StocksToTrade

And take a look at the entire move that Friday:

KAVL chart intraday, 1-minute candles Source: StocksToTrade

>> Get the next Breaking News alert <<

Then, wait for the chart to match our 10:45 A.M. pattern.

Follow me on X to stay up to date this week!

Cheers.

 

*Past performance does not indicate future results

 

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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”