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What I Expect in 2024 – 3 Trends You Can’t Ignore

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Written by Timothy Sykes
Updated 12/15/2023 9 min read

After a long, slow, and sluggish market…2023 is heating up.

And I expect the next few weeks and the first few months of 2024 to be among the best we’ve seen in years in terms of market volatility and trading opportunities.

Some traders will be dealing with the pain of missing out and the frustration of unexpected losses.

Imagine avoiding this pain and turning 2024 into your most successful trading year yet.

I’ve been all over, tracking patterns, and I’ve pinpointed three explosive trends for 2024 that could be the key to trading excellence.

They aren’t just trends though…they’re a roadmap to dominating the markets.

Trend #1: Short Sellers Will Continue To Create Supernovas

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I started out my career as a short seller. And I’d like to think I popularized short selling penny stocks some twenty years ago.

At the time, it was very easy to spot out blatant pumps from shady stock promoters.

They would issue press releases, pump up stocks in message boards, and try to manipulate stocks higher.

Many of them went to jail…

And with the regulatory environment getting tougher…the rest sort of disappeared.

Not saying there aren’t promoters anymore…there are…but they’re a lot smaller and less influential.

Ironically, short sellers have now taken the position of the promoter.

In that they are creating these massive stock squeezes.

And just like the old school promoters…today’s short sellers are toxic…all huddling around the same discord and trading rooms…using tools like dilution trackers…and pretending to be students of Benjamin Graham’s value investing.

But they’re all the same…driven by greed.

And luckily for traders like myself and my students…they are stubborn, thick-headed, and have zero concept of risk management…they are creating the best opportunities.

Trend #2: Low Float Stocks Will Offer The Biggest Opportunities

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Low float stocks are particularly susceptible to short squeezes in the stock market, and this is further complicated by certain practices involving short sellers and brokers.

Here’s an integrated perspective:

Definition and Impact of Low Float: The ‘float’ of a stock is the number of shares available for public trading.

Low float stocks, with their limited available shares, are prone to higher volatility. Each trade can significantly impact the stock’s price due to the limited supply.

Short Sellers and Broker Dynamics: Adding to this volatility are the activities of some short sellers who operate shady chat rooms.

These individuals often strike deals with brokers to access “hard to borrow” shares or to get lower fees for stock locates.

This practice can create an artificial supply of shares for short selling, especially in low float stocks.

Increased Vulnerability to Short Squeezes: These broker deals can facilitate short selling in stocks that are otherwise difficult to trade due to low availability.

When a low float stock begins to rise in price, short sellers, including those in such chat rooms, are pressured to cover their positions.

Given the limited number of shares available, this rush to buy back stock to cover short positions can dramatically drive up prices, leading to a short squeeze.

Feedback Loop from Short Covering: In low float stocks, the impact of short covering is magnified. The limited supply means even a modest number of buy orders from short sellers covering their positions can lead to sharp price increases.

Speculative Trading and Manipulation Risks: These dynamics can attract speculative traders, looking to capitalize on the volatility.

The involvement of short sellers with broker deals and chat rooms can further exacerbate the situation, potentially leading to manipulation risks and extreme price movements.

 

Trend #3: AI Tools Will Make Some Traders Lethal

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I’m tired…

Traveling across the globe…working on my documentary…and charity.

I’m not going to lie, I’m not always focused on my trading…

And I’m sure for many people reading this trading isn’t a full-time gig.

Whether they have 9-5 jobs or taking care of the family…

But you don’t have to be at your screen all day to take advantage of the opportunities the market provides.

In fact, AI tools like XGPT will elevate part-time traders more than anything else I’ve ever seen. 

It will help them with:

  • Overcoming Emotional Trading
  • Breaking the Cycle of Overtrading
  • Eliminate Bias
  • Develop Sound Trading Plans
  • Finding High Probability Trading Setups
  • Establishing Strong Risk Management Rules

XGPT has already discovered monster plays in the tickers:

CCCC…

MLGO…

ANY…

And countless others.

Again, these are all automated alerts, using the power of AI. 

If you’re looking for ways to level the playing field with Wall Street then you must embrace AI in 2024.

Are You Ready to Revolutionize Your Trading with XGPT?

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Navigating the volatile waters of the stock market in 2024 demands more than just skill and experience; it requires cutting-edge technology at your fingertips.

As a seasoned trader with a knack for identifying game-changing trends, I’ve seen firsthand how AI tools like XGPT can dramatically transform your trading approach.

Unlock the Power of XGPT in Your Trading Arsenal:

 

📉 Stay Ahead of Market Volatility: Utilize XGPT’s advanced algorithms to identify emerging trends and profitable opportunities in real-time.

🧠 Overcome Emotional and Biased Trading: Let the objectivity of AI guide your trading decisions, steering clear of common psychological pitfalls.

💡 Discover High Probability Setups: XGPT’s AI-driven insights help you pinpoint the most promising trades.

🛡️ Robust Risk Management: Develop strategies with solid risk parameters, ensuring you’re always in control.

🔄 Efficiency for Part-Time Traders: Make the most of your trading time, whether it’s a side hustle or a full-time pursuit.

We’ve seen XGPT unearth incredible opportunities in tickers like CCCC, MLGO, and ANY.

These are not just random picks; they’re the result of sophisticated AI analysis.

Transform Your Trading Experience:

Check out this exclusive presentation into the world of AI-enhanced trading:

📚 Learn Actionable Strategies: Gain insights into effective techniques tailored for the dynamic 2024 market.

🕵️‍♂️ Witness AI in Action: See real-time breakdowns and analysis showcasing how XGPT uncovers hidden market gems.

🏆 Empower Your Trading Decisions: Move from following market trends to predicting and capitalizing on them.

Step Into the Future of Trading with Confidence:

 

👉 CLICK HERE TO WATCH XGPT IN ACTION 👈

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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

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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 (205) 851-0506 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”