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The Best Trade Opportunities In August

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Written by Timothy Sykes
Updated 7/31/2024 5 min read

Welcome to August!

July was a month full of insane profit opportunities.

Even with my overly-safe approach, last month I managed to pull $46,837 from the market (including losses).

I know … That’s what some people make in a full year.

I’m SO grateful for these market opportunities. And I’m doing my best to give back to my community by teaching YOU this process.

A lot of my millionaire students came to visit me in Italy last month, and it was a blast! See my post on X below:

 

And it has me even more excited about all the upcoming millionaire students. All the students that are just starting out. Maybe I’ll see them in Italy soon too!

I’m excited to teach YOU how we trade these stocks.

There is so much opportunity in this market. And the profit opportunities will continue in August!

The question is whether you’ll be there to capitalize.

These are the top trade opportunities that I’m watching:

My #1 Pattern Right Now

© Millionaire Media, LLC

It’s all about the panic dip buy pattern.

I’m seeing these trades over and over again in this 2024 market.

And the more times that my students see this pattern, the quicker they’ll be able to pick up on the process.

I’ve already used this pattern to profit twice on Serve Robotics Inc. (NASDAQ: SERV) … which brings me to my next point: These patterns can repeat on the same stock.

Take a look at my trade notes below:

Source: Profit.ly
Source: Profitly

Here’s a chart of SERV showing the morning panics that I traded:

SERV chart multi-day, 1-day candles Source: StocksToTrade

And it’s not just on SERV

I’ve seen this pattern over and over again on a bunch of different stocks.

I even recorded videos to catalog this price action. See my post below:

The panic dip buy is a specific pattern within the overall framework that these volatile stocks like to follow.

The framework is based on human psychology. People are predictable during times of high stress.

That’s partially why it’s called a “panic” dip buy.

People are panic selling.

Traders who understand the ‘why’ behind the price movements are more likely to play these stocks successfully.

The Next Panic Dip Buy

© Millionaire Media, LLC

We can’t exactly predict where the next panic dip buy will come from …

Not with a 100% degree of certainty.

But, these patterns like to repeat in the market. Which is why it’s important to watch stocks that have already shown us panic dip buy opportunities.

SERV is a great example. I’ve already traded two panics on it.

Plus, the chart is still in play! There’s a strong possibility that we see another trade opportunity from this price action.

I’m also watching for panics on volatile stocks that are trading near their highs.

An example is NuZee Inc. (NASDAQ: NUZE). The price spiked on July 24, consolidated for a few days, and then ripped higher yesterday.

The total moves measures 670%*, see the chart below where every candle represents one trading day:

NUZE chart multi-day, 1-minute candles Source: StocksToTrade

Keep these stocks on your watchlist.

And if you get stuck …

Use my AI trading bot!

This is an artificial intelligence that follows the same framework that my millionaire students and I use to trade. The same framework that includes our panic dip buy pattern.

Enter the stock that you’re watching and it will spit out a trade plan as if you asked me directly.

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”