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I Made $10k Yesterday, What's It Gonna Be Today? Beware Of These 13 Ides Of June Stocks

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





Translation of a review of my Russian seminar 

This multi-monitor trading setup is sweeeeet

Thinkorswim Trading Account: $194,841, this account was up 56% in 2010, up 141% in 2009 and is now up 1,470% since 11/07 start

Total Account Balance: $767,000ish up 28% in 2011 so far, up 57% in 2010

Yesterday was a $14,000ish profit day for subscribers and I ($9,500ish in profits for me):

Too many trades lately, go look on Profitly to see how everyone’s doing

RESPECT YOUR UNIVERSE (RYUN), Mariposa Resources Ltd (LEXG), Jammin Java Corp. (JAMN) are the pumps I’m watching, RYUN keeps surging so good, let it, potential short eventually…LEXG bounced nearly 30%, potential short…JAMN I covered my 15k short at 2.10 one day too early like a true coward and given its $1.70ish price (yes it finally broke multi-day support at $1.80) my covering is now a $6k+ mistake…good thing I made $10k yesterday on other plays or I’d be very annoyed with myself right now…congrats to all the longer term JAMN shorts, you’re banking! Potential short still as it should retest $1/share soon.

Majesco Entertainment Co. (COOL), Glu Mobile Inc. (GLUU) and Zagg Inc (ZAGG) are all at different levels of breaking out…COOL did breakout but then tanked 20% on good but expected earnings…fail….GLUU can’t seem to breakout because anyone who researches the company wants to throw up…and ZAGG is the only one that manages to go up every day, now a 25%+ breakout past technical resistance at 10.50, the inverse of what RENN did breaking down when it went past $12/share…yup, sometimes technical breakouts/breakdowns on choppy stocks really are that easy and their effects last for days…no plays on any of these today.

Renren Inc (RENN) is trying to bounce, but can’t do so even as its sector is surging…probly because their highly unethical investment bankers who just IPOed their stock at $14 put out a price target of $8.42…in a just world, that firm known as Deutsche would be sued for billions…but I’m not a lawyer, just a teacher/commentator…no play for me, when the firms backing “the Facebook of China” put a TARGET price 40% discount to what they sold shares at one month ago, that means there is something hugely wrong here and I wouldn’t be surprised to see it keep dropping like MOBI…can’t trust Chinese companies or their American udnerwriters.

High Plains Gas Inc (HPGS) dropped from nearly $1.50 to $1.25, but I forgot all about it due to the other great plays…zzzzz, focus on volatility when there are better plays, I could care less about this pump now.

Coffee Holding Co., Inc. (JVA) I don’t care what happens because there are so many better plays…real companies are last on my list of priorities, right up there with trying to get furus like Baron to show all their trades….zzzzzz, it just gets boring to hear excuses after a while…no play when we have better plays to watch and trade.

Recon Technology, Ltd. (RCON), RiT Technologies Ltd. (RITT), Orsus Xelent Technologies Inc. (ORS), eOn Communications Corporation (EONC) now these are the plays I’m talking about, MASSIVE volatility and predictability…EONC dropped too quickly for me to short so it’s out, but I made roughly $6,000 on ORS yesterday, $3,000 on RITT and am up $1,000+ on RCON short at $3.75 (now at $3/share, it was a longer term newsletter alert and yes IB had shares to short, I use no special broker for Penny Stock Millionaire)…ORS/RITT are my top potential shorts today but I’d love to see a morning spike squeeze all the stubborn wannabe shorts who forgot Sykes is their master…I was telling EVERYONE all day yesterday it looked like it was doing the unthinkable, bottoming, but people thought I was just playing it too safe as usual…well, on volatile low floaters like these – remember IFLG a while back – I really do excel, so the bottoming happened and there was actually several great buying opportunities for the bold as RITT squeezed $2+/share off its lows and ORS spiked $1/share into the close when it couldn’t go red on the day… all are potential shorts, but you gotta watch my video lessons and DVDs to better understand the patterns, if you don’t know what I expect right now, it’s too late for you to learn everything today, this is why I say be prepared in advance!

BOURQUE INDTS INC (BORK) dropped from the 5s to the low 4s and there were shares available to short, but my focus obviously lay elsewhere and this doesn’t have great liquidity….potential short though still since it’s absurdly valued given the 10x+ runup.

Millionaire Media LLC, 900 Mix Ave. Unit 22, Hamden, CT 06514


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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”