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13 Stock Picks Under 5 & How We Lost $11,000+ On Them Yesterday

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Written by Timothy Sykes
Updated 2/21/2021 5 min read

This was sent to TIMalert subscribers at midnight because nobody works harder than me:

TIM trading account—now stands at $73,733, lost $800 on my latest OPXA short, now I’m flat for the month, very disappointing but some stocks just don’t work, very undisciplined trading on my part, for that I apologize, still up 73% in 2009 and up 494% in the last 22 months

Longer Term Account $53,757, lost $4,000ish on my well-researched but ill-timed GVBP short…very painful, very educational….account is up 8% since May 1st, 2009 inception…this account can be auto-traded by subscribing

Get ready for tons of brand new features for TIMalert subscribers when PennyStocking.com
launches in October!

TIMalert subscribers lost just under $11,000 today, our worst daily loss ever…but we did cut losses somewhat quickly, so it could’ve been a lot worse…tomorrow I’m excited for!!!

+$290 1K DSCO, in at $.78 Friday, out today at $1.07… thanks Tim and the Tim Mob! Hope everyone does well this month.
-cw711

+$580, shorted 2000 shs of FNET. Re-shorted during the last 15 minutes during a sell off. Thanks again Tim. Oh, by the way, for all of the winey bitches who lost today, buy the damn dvds and do your own research. They are worth every penny.
-Brader

+750.00 due to timalerts and holding GVBP overnight. Thanks!
-Joe Ruder

just made $1300 of this stock…thanks tim!
-ARJ

made a quick 120.17$ off yrcw. went back in as it dropped again, total of 270$ today off one pick.
-Gary

-$4395.40 on 18,500 shares.
-Reaper

-$830 on 6,600 shares…..ouch.
-Adam N.

lost $2,435 on this one
-BTB

-$3217. Biggest loss ever. Hope I can make it back.
-Bill

-$2000 on 10000 shares.
-BULL

i covered at 0.63 and lost -$3460…
-Geo

Covered 4k @ 0.655 for $420 loss.
-Nifri

-800$$, devestating, entire week ruined.
-BearNine

+605.00 total on FNET today, was going to hold overnight but didn’t have the patience. Thanks Tim
-Preston

covered 6k shares…. -1454
-Tryp

-$1800…geee…this is really POS Company with lots of PR last several days..
-JSPMedia

Profits: $811.50 – I wish I could daytrade everyday
-Hiro

made $5050 on UNG took profit today held for 1 week
-scrillawill

In 1.11 NCOC out 1.34. made $184.
-Joethemoe

Shorted FNET for a $173.21 gain (700shares) on fading action. There was no news I could see and the set up looked like the ones Tim has put forth in the DVD’s.
Thanks Tim
-Preston

+$202 on YRCW fade, thanks zuluobb
-Josh

FortuNet, Inc. (FNET) along with PokerTek, Inc. (PTEK) along with GameTech International (GMTC) spiked today, all in the video poker gaming sector, but why did FNET spike 100% and the other 2 only 20% each? Who knows, no news, message boards are all rumors…tiny marketcaps on all 3, FNET is a potential short.

Genova Biotherapeutics, Inc. (GVBP) I wrote that special post for TIMalert subscribers only!

Zoom Technologies, Inc. (ZOOM) daded nicely all day…guess that first up day pattern really was like OPXa…good lesson to learn how the current market treats earnings winners…maybe this means the overall market is extended…no play on this just good for observation.

Opexa Therapeutics Inc. (OPXA) is for TIMalert subscribers only!

CEL-SCI Corporation (CVM) spiked 50% and is now up 100% in 2 days over the 75 cent/share on rumors of swine flu vaccine for the government….90% sure these guys are just plain lying, reminds me of TAYD dropping hints they were dealing with Asian governments back after the tsunami of 2004…other people doubt too, stock is already 50 cents/share off its $1.80ish highs, potential short still

Lexicon Pharmaceuticals, Inc. (LXRX) had positive drug news and spiked 130% near the market open, but then faded all day to finish up 60%…I like shorting these stocks, but only on the 2nd or 3rd up day, after some initial short sellers get squeezed

Energy XXI (Bermuda) Ltd. (EXXI) keeps breaking out, up another 18% to $1.90…don’t short this, debt exchange is positively lasting news, potential buy, but chart is uggggly

eDiets.com Inc. (DIET) has surged from $1 to $2.5 in 2 days on financing news…most likely whoever got the shares is doing something to pump up the stock…obvious potential short

Frederick’s of Hollywood Group Inc. (FOH) and Pier 1 Imports, Inc. (PIR) are both real company, but both are breaking out in the mid $2s on a multi-day and multi-week basis…the bad news is both have lots of bitter longterm shareholders at higher prices and both have come up from the 10 cent/share range in the past few months, meaning they’re already up 20x…potential buys on both, but know the risks.

YRCW is for TIMalert subscribers only!

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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.
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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”