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The 3 Keys to My +$6,800 GTII Weekend Win

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Written by Timothy Sykes
Updated 1/30/2023 5 min read
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Ever wonder how Master Chefs consistently create amazing dishes?

They use the best ingredients they can get their hands on.

If you want amazing results as a trader…then you have to trade the best setups.

Allow me to explain.

Global Tech Industries Group Inc. (OTC: GTII) has been one of my favorite stocks to trade over the last year.

Half of that came from Friday’s Weekend Profits.

Like a juicy hamburger or a tasty pizza, GTII served a setup that required a simple recipe.

By combining three key ingredients, I walked away with a handsome profit, locking in some on Friday and the rest on Monday during my All-Day Market Mastery Webinar.

I’m going to show you how these three simple ingredients took a setup like this…

…and turned it into a monster trade.

#1 – Breaking News

News releases are the single most important catalyst for penny stock traders.

Positive headlines can send a stock skyrocketing.

Bad ones can stop a run dead in its tracks.

Verb Technology Company Inc. (NASDAQ: VERB) shows us how all this can happen in a single day.

Our Breaking News Chat Room covered this stock all day, highlighting the key stories driving the price action.

Early in the premarket, news surfaced VERB planned to go after ‘illegal short sellers,’ a theme we’ll come back to for GTII.

That helped push shares to nearly double after the open.

Yet, it was a second headline that caused the stock to flip like a pancake.

Management announced an offering of additional shares, diluting the current holders.

I drew arrows, but it’s pretty easy to see when the news hit the wire.

Compare that to the chart of GTII.

Unlike VERB, GTII’s positive headline regarding short sellers stood on its own.

Shares traded up a good 50% or so before pulling back slightly.

This provided a nice entry for anyone who wanted to use dip buys for their setup.

News catalysts take practice to read and understand.

I dedicate hours of training to this for my Millionaire Challenge students.

Once you know how to identify and analyze Breaking News, it opens up a whole new dimension to your trading.

#2 Former Supernova

I tell folks I teach history.

The same patterns and concepts I used in 2013 work just as well in 2023.

Supernovas are my bread and butter.

I explain in detail the 7-Steps these all follow in this article.

Traders like focus on a stock’s first epic run.

After all, those tend to be the biggest.

However, many of these stocks become potential plays later in their lifetime.

You see, once a stock shows it can run, there’s a strong chance it will again.

GTII is a prime example.

I traded this stock last year during its 1st run and again during its mini runs at the end of 2022 and now in 2023.

Will every former Supernova spike again?

Not necessarily.

Some of them die and delist.

More Breaking News

But as long as it’s still out there and active, it always has potential.

#3 First Green Day

One of the unique concepts I teach is the First Green Day.

In fact, I made a whole YouTube video about it here.

But to give you the highlights, when an OTC stock runs hard on its first big green day and holds its gains, into the close, you play for it to gap up or run higher the following day.

It’s a pretty simple concept that can be a trading strategy in and of itself.

However, if you combine it with the other two concepts discussed above, it creates some pretty powerful trades.

Think about it like this…

GTII came out and said it planned to aggressively investigate illegal short sellers on Friday.

That pumped the stock which held its gains going into the close on Friday.

As a former Supernova, GTII was pretty popular amongst traders. So it was a good bet that promoters and word of mouth would get folks interested in the name over the weekend.

Sure enough, shares popped hard at the open on Monday, ripping another +30% before all was said and done.

Try using this simple recipe to see if you can find similar setups going into the weekend.

And never be afraid to take profits early.

–Tim

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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”