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Trading Lessons

You Snooze, You Lose – Literally!

Timothy SykesAvatar
Written by Timothy Sykes
Updated 6/24/2025 4 min read

Stocks continue to spike higher in the market.

And they continue to follow my trade patterns.

As I said they would in this blog post from Friday of last week.

And still … Some of my students miss these plays.

Simply because they’re asleep!

All you have to do is wake up early.

For example, yesterday, June 24, during premarket hours, I traded Nano Labs Ltd (NASDAQ: NA) for a $1,200 profit in less than a 10 minute time frame.

My trade notes are below:

Source: Profit.ly

I sent trade alerts in the chat.

But hardly anyone was awake!

Look at a screen shot of the Challenge chat below:

I alerted my entry at 6:52 A.M. Eastern, and by 7 A.M. Eastern I had sold my position.

But there was still a ton of opportunity!

Look at the chart of NA below for a full progression of the price action after I first mentioned it in the chat.

Every candle represents one trading minute:

NA chart intraday, 1-minute candles Source: StocksToTrade
NA chart intraday, 1-minute candles Source: StocksToTrade

I’m not looking for another trade on NA today.

Instead, I’m looking for the next premarket runner that moves like NA.

A new batch of stock spikes every morning.

The Next Premarket Runner

I’m focused on premarket stock spikes right now because that’s when the moves are strongest.

I’m not the only trader who’s watching these premarket runners … Despite the looks of the chatroom.

In my post below you can see Strati exiting a position during premarket hours, also on June 24.

More Breaking News

I had to redact certain values because X doesn’t verify trades:

Source

InMed Pharmaceuticals Inc. (NASDAQ: INM) was another crazy premarket runner.

It spiked 120%* the morning that Starti played it.

Every morning, there’s a new batch of stocks that announce news and start to spike.

But not all spikes are created equal …

We’re looking for stocks that:

  • Announce news.
  • Have a low share price.
  • Have a low float.
  • Have a high trading volume.
  • Are already spiking on the day.

INM and NA both met these requirements.

Here’s a breakdown for each:

  • INM
      • Announced that its study reduced the neuroinflammation in Alzheimer’s disease.
      • It started the day below $3 per share.
      • The float was only 657k shares.
      • The volume was over 100 million shares.
      • It spiked 120%* in total, well over our goal of 20%.
  • NA
    • Announced a $500 million private placement to start a BNB Binance Coin treasury.
    • It started the day below $11 per share.
    • The float was 15 million shares.
    • The volume was over 15 million shares.
    • It spiked 210%* in total.

Use these factors to find the next premarket spiker.

And once you find it, follow the trade patterns that my millionaire students and I use to profit.

Watch my video below for the tutorial:

These stock spikes are incredibly volatile!

A +100% spike is an awesome opportunity for small-account traders.

But we need to protect against losses as well.

Follow my trading patterns for proper risk management!

Cheers

 

 

*Past performance does not indicate future results


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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”

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