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Stocks To Watch Today: Christmas Eve!

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 12/23/2024 4 min read
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It’s Tim Sykes here.

‘T’was the day before Christmas, and all through the house, not a stock was spiking, not even a mouse.’

As a teacher, it’s my goal to teach you HOW to trade. That includes best practices and strategies to protect your account/preserve profits.

Here’s my main lesson for today:

The day before Christmas can be slow for trading.

A lot of people take these few days off to celebrate, travel, and reconnect with their extended family.

As a result, the trading volume in the market dips. And that directly affects the overall volatility.

Don’t trade aggressively today. Let the plays come to you, and consider sizing down.

I know it sounds the complete opposite of the market right now. My students and I have been trading massive runners like Nukkleus Inc (New) Com (NASDAQ: NUKK) for months! It spiked 5,500%* last week.

But take it from me, learn from my mistakes as a trader and a teacher. The video below offers a perfect lesson from my recent $25k loss 😢

Don’t trade like this:

Now … With all of that said … I’m still watching the market today.

Yesterday we had eyes on a few stocks that spiked higher:

  • SEALSQ Corp. (NASDAQ: LAES) spiked 50%.
  • Direct Digital Holdings Inc. (NASDAQ: DRCT) spiked 400%*.
  • Reliance Global Group Inc. (NASDAQ: RELI) spiked 320%*.
  • Traws Pharma Inc. (NASDAQ: TRAW) spiked 280%*.
  • Optical Cable Corporation (NASDAQ: OCC) spiked 230%*.
  • RAPT Therapeutics Inc. (NASDAQ: RAPT) spiked 180%*.
  • Rumble Inc. (NASDAQ: RUM) spiked 90%.

And EACH of these stocks had a viable catalyst to spike higher. And they could show us follow-up moves today.

Monday was HOT!

More Breaking News

I’m not saying Tuesday will be hot … But it’s worth showing up!

Here’s how to spot the right stocks today:

Profitable Stock Spikes

© Millionaire Media, LLC

Every day I look for big percent gainers in the market.

StocksToTrade has a built-in scanner that I developed to help my students find the best stocks.

Take a look at yesterday’s scan …

Once we find a big runner in the market, we need to identify a viable catalyst to help push the price higher.

Once again, in StocksToTrade it’s really easy to see these catalysts …

Let’s use the 280%* spike on TRAW as an example:

TRAW chart intraday, 1-minute candles Source: StocksToTrade

The green bubble at the beginning of the spike is a news notification that stated TRAW announced progress for its investigational one-dose influenza (flu)  therapy, for treatment of H5N1 bird flu.

These stock spikes are NOT random.

Use StocksToTrade today to ensure you’re watching the right stocks!

Cheers.

 

*Past performance does not indicate future results

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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”