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Too Busy to Trade Fast-Moving Stocks?

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Written by Timothy Sykes
Updated 2/14/2023 5 min read

Are you trying to capitalize on fast-moving stocks but don’t have the time or tools to monitor your positions effectively?

Do you feel overwhelmed by the number of variables in play when trading ultra-volatile stocks?

If so, rest assured—you’re not alone.

Many newbie traders find themselves unable to keep up with fast-paced stocks and lack the emotional capacity to handle the up-and-down swings.

If that sounds like you…I want to show you a different kind of setup.

It moves A LOT slower…and is not nearly as stressful.

Plus, if timed correctly, it could potentially deliver some pretty awesome returns.

I’ll show you a recent example of where I booked profits off it…what to look for… and why I LOVE trading setups like this when I find them…

The Perfect Setup

tim sykes in sedona arizona with laptop of stock chart
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You’ve probably noticed a shift if you’ve been following the market closely. In January, stocks rallied hard, and catalyst plays were everywhere.

Now that things have cooled off, trading action has become much choppier.

Which tells me I need to pump the brakes and wait for quality setups.

You see, I don’t need to trade. And a lot of times, I don’t want to trade.


I will trade if there’s a play so GOOD I’d feel guilty for missing it.

And that’s exactly what I came across on Monday in the ticker symbol GLYC. 

But this wasn’t like the fast-moving catalyst plays I like to trade. And since those plays haven’t been working recently, I was open to giving GLYC a shot.

What Compelled Me To Take The Trade

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The one thing that stood out when I looked at the GLYC chart was its strong upward trend.

To best be able to see it, you need to STEP OUT. Most day traders focus on 1-to-5-minute charts, which is perfectly fine if you’re scalping.

But this isn’t necessarily a scalper’s trade.

You see, what really drew me towards GLYC was its multi-week and multi-month breakout. And to know that, you’ve got to look at daily and weekly charts.

Now, you don’t have to be a world-class chart analyst to know that it is a bullish-looking chart.

I also liked that it was grinding higher into the close, making me believe the breakout could continue into Tuesday.

So I took the trade on Monday afternoon, entering in at $3.67. It did continue to breakout on Tuesday, hitting $4.13 within the first hour of trading, nearly 14% above my entry price.

Unfortunately, I am currently in Asia doing charitable work, and my WIFI connection is spotty at best, which makes trading challenging. I wasn’t sure I’d have the internet on Tuesday, so I exited the position on Monday for a small profit.

Nonetheless, the play worked out. Some people might give me a hard time because I didn’t crush this trade.

But like I said, I trade to teach. And as far as I know, no one has created more millionaire traders than I have, 32 and counting.

My job is to teach you how this works…not for you to build a dependency on me. If you want to take it to the next level, you must become your own trader.

Breaking It Down

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  • Look for stocks that are experiencing a strong uptrend
  • Check out the charts on multiple time frames, daily, weekly, and monthly
  • Find stocks that are breaking out
  • Try to ride the wave

Another thing about the GLYC chart, the stock was strong in a choppy market. That typically gives me more conviction because it is bucking the trend. Imagine if the market was strong, it probably would have ripped significantly higher.

Right now, trading has become more difficult. And that’s why I stress patience and discipline.

If you’re struggling to find quality setups, I invite you to join my team on Friday, February 17th starting at 8 AM for a live special event called Master Algo. 

It’s 100% free to attend. 

All you have to do is click here to register, and your virtual seat will be secure.

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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”