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Trading Tips-Tim Sykes Penny Stock

The #1 Trade To Make Today

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Written by Timothy Sykes
Updated 4/25/2024 3 min read

Welcome to another red-hot Friday in the midst of an insane 2024 market.

Yes, major indices are sliding lower due to sticky inflation and Middle East concerns.

But the plays in our small-account niche keep ripping higher.

Yesterday we spoke about Amesite Inc. (NASDAQ: AMST). The price spiked 110% before noon. There’s still a chance it pushes higher in the next few days. Click this link for my trade process.

Plus, we already have eyes on ANOTHER big spiker. On April 25, Aclarion Inc. (NASDAQ: ACON) launched 140% after announcing it would play a role in the LIFEHAB trial for chronic back pain.

Take a look at the chart below, every candle represents one trading minute:

ACON chart intraday, 1-minute candles Source: StocksToTrade

There are new profit opportunities like this EVERY DAY in our niche.

And thanks to the intense volatility on Fridays, you’re just in time to capitalize on this key strategy.

My Friday Setup

© Millionaire Media, LLC

You may have heard: I play every trade using the exact same process.

That’s 100% true. And it’s the same trading process that my +30 millionaire students use to profit.

But on Fridays I tweak the strategy a little bit to account for the coming weekend and the intense market volatility.

This is the trade I made last weekend using this process, with a starting stake of $6,565:

Source: Profit.ly

I bought shares of ParaZero Technologies Ltd. (NASDAQ: PRZO) on Friday, April 12 and sold into the bullish momentum on Monday, April 15. The entire spike from Friday to Monday measured 76%. I took 23% of the move.

Today, I’m looking for the exact same trade setup.

However, it probably won’t come from PRZO … I’m also not sure about AMST or ACON.

It’s very possible that these stocks continue to spike higher.

But I’m looking for specific price action.

Here’s why:

The stocks in our niche can spike +100%. There ARE dangers when we trade stocks that volatile. The Friday trading pattern helps us keep my account safe*.

Using the pattern, I can:

  • Identify the best trade setup.
  • Find a safe entry* in case the trade fails.
  • Ride the momentum for calculated profits.

We’re tracking the hottest Friday runner while you’re reading this blog post!

Join the live stream to make sure you’re watching the right stock.

I’m ready to wake up on Monday with profits.

Let’s do this thing!


*Stock trading is inherently risky.

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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. 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”