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Trading Psychology

🤑 Is This What Your Monday Feels Like?

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Written by Timothy Sykes
Updated 8/21/2023 5 min read

Most people dread Mondays when the morning alarm bell rings…

For them, it means getting up for a job they loathe and a wage that seems too low.

If that’s you, I want to help you change that.

You see, my Mondays feel different.

I’m usually smiling from ear to ear.


Because I’m looking to take profits from my weekend trade. 

And that’s typically before most traders figure out what they will be trading for the day.

It happened yesterday in the ticker symbol TUP, a stock up by more than 20%.

I’ll show you how I spotted it on Friday and why this was such a predictable pattern to trade.

Focus On Multi-Day Runners

Source: StocksToTrade

I’ve had Tupperware (TUP) on my radar for several weeks now.


Well, a few reasons.

  1. Overly-aggressive shorts in the symbol
  2. Multi-day runner
  3. Momentum meme stock

The stock went from $0.90 to $7.25 last month.

However, it has been in a sell-off since the first week of August, when it went from that high of $7.25 to around $2.

But last Friday, the stock started picking up momentum again.

I liked where it was trading because all the weak-handed longs were out. And the stock was establishing a good base.

What made me believe that?

Well, it tried to bounce in the $3ish range and then sold off again. This drew in more shorts and got whatever remaining bagholders left out.

That said, it tried to spike on Friday in the pre-market, and it looked shaky.

However, as the day progressed, it established an excellent base, around $2.50ish.

Source: StocksToTrade

It was up around 30%…

And mind you…there was no catalyst or news.

My thinking was it could get to the $2.70s by Monday…

And it would either stall out there…or move to the $3s.

The risk vs. reward made sense…so I got long at $2.50.

How It Played Out On Monday

The market has been shaky lately, but we’re a little oversold.

And although I don’t trade “market” stocks…I know that speculative stocks struggle during sell-offs.

With the futures up on Monday morning, I knew I had a good shot at taking profits on TUP.

The stock was $2.89 in the pre-market, but unfortunately, due to my hectic travel schedule, I was not up to take profits.

Nonetheless, I was able to get out of the trade in the $2.60s…had I been more patient I would have seen the stock go in the $3 range.

The Difference Between Pros & Newbies

I’m not one of those traders who will buy a stock and hold it for a few days. I just don’t have the patience to do that.

That said, the TUP trade isn’t over for me.

There’s a very good chance I trade it today or tomorrow.

You see, when I’m in a trade, I focus very much on my risk.

For most newbies, the only thing they think about is making money.

And that’s why most traders lose money.

I look at situations and setups. I will like a symbol but will only consider it worth a trade if it’s trading at the right price.

What Is The Right Price To Buy and Sell?

Finding the right symbols to trade is only part of the challenge in trading.

Real success comes from your execution—the ability to get in and out while exposing yourself to minimal risk.

If you’d like to learn more about how I’ve managed to do this and train over 30 of my millionaire students…you’re in luck.

All you have to do is sign up for one of our zero-cost training workshops.


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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”