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This Multiday Runner May Be Setting Up For A Massive Panic

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Written by Timothy Sykes
Updated 11/2/2022 5 min read

Every morning when I wake up, I have a game plan in place from the day before…

But sometimes my plan doesn’t always work out as designed.

You see, the future is very difficult to estimate or predict, and sometimes your plans don’t always work out they way you thought they would.

This may happen before you place a trade, or maybe even in the middle of a trade…

And with each trade, seconds and sometimes minutes matter.

Each day I continue to adapt and adjust my trading strategy based on what the market is currently doing…

I am not sitting around planning for how the market may react days from now.

So if you are struggling to spot the best setups and stocks to trade the day before, you’ll want to hear how I am planning for this stock days in advance.

P.S – Trading is all about finding the right setup. Click here to see how my millionaire student uses the same strategy I teach you everyday! 

Finding Trades

Many traders ask me how I find these trades.

Well, it’s actually pretty straightforward.

I look for stocks that are big percent gainers every day with the right amount of volume.

Stocks that are up only a few percent are not of interest to me…

I am waiting to spot stocks that are up 30%, 50%, 100%, and even more!

This is where I came up with one of my favorite patterns, Supernova!

These pennystocks can get pumped up by promoters, which can send the stock parabolic.

But what some traders don’t realize is that once a stock spikes up, it must come down…

And when it comes back down, the trading may not always stop there.

Many of you may have already heard me talk about this stock several times already, but I am doing that for a reason…

Global Tech Industries Group, Inc. (GTII)

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I have traded this stock over 10 times and profited over $4,000 on it.

Unfortunately, this is not a stock I want to tell you about today, even though it’s always on my radar.

There is another stock that is catching my attention, do you know what it is?

Having A Watchlist

How big is your current watchlist?

Are there 5 stocks you watch every day?

Maybe you watch 10?  How about 50?

Every day I scan through a handful of stocks and evaluate their potential…

But not every stock you are watching will result in a trade so it’s important to not force one and to remain patient.

Even though there may not be anything at that current time, you never know when something may happen to a stock that will catch the interest of other traders, causing the stock to move.

For several days, I have kept this recent stock on my radar…

And now I am watching it closely for the next big panic, or even a possible breakout.

Meta Materials Inc. (OTC: MMTLP)

Maybe some of you remember my latest trade of MMTLP…

And there is an important concept I want everyone to understand.

With stocks that spike quickly, such as MMTLP did, I look for one thing…

A massive panic.

Over the last several days, MMTLP has been a multi-day runner…

So I won’t chase the stock by buying it because I am waiting to see how it tests a key resistance area.  

MMTLP chart 1-day candles Source: StocksToTrade

So is a massive panic in the works?

Or is the stock setting up for a breakout?

Only time can tell, but as the stock approaches all-time highs…

I’ll be watching this closely for a massive panic.

Will you be ready?

More Breaking News

Prepare

I want to teach you everything I know, but it’s not going to come overnight…

Nor will I always be able to explain everything step-by-step in these articles to you.

It’s important to study everything you possibly can and be able to identify the right setups.

Trying to find that one trade to make you thousands isn’t the right approach…

Take Tim Grittani’s advice on how he became a millionaire.

It all boils down to if you are able to spot these opportunities and it’s important to understand my pennystocking framework…

And being able to nail the perfect setup.

Just getting a hot pick isn’t going to make you a millionaire…

Timing is everything and that is why it’s important for you to continue to study and practice every day.

Study up and stay prepared!

Tim

P.S –  Are you wondering what other ways you can grow your trading knowledge?  ies! Here is how you can take your trading game to the next level.  

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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”