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#1 Pattern for Tuesday Morning

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Written by Timothy Sykes
Updated 1/16/2023 4 min read

Hey, trader. Tim here.

Happy Monday.

If you hadn’t noticed, the markets are closed.

Do you know what that means?

Increased Tuesday morning volatility.

That’s volatility we can use to profit.

There’s a very specific pattern I need to share with you before the market opens.

It’s the top strategy I’m looking for, and as long as I follow the rules, it’s an absolute cakewalk.

Congratulations. You took time out of your day to prepare for profits tomorrow.

Welcome to the club, now let’s get down to business …

#1 Strategy

Tim Sykes teaches penny stock trading from the stage
© Millionaire Media, LLC

Last week there were a lot of dip-buying opportunities on strong runners.

 

 

  • Kronos Advanced Technologies Inc. (OTC: KNOS) over 220% spike from Monday’s close to Wednesday …

$1,474 altogether. (Starting stakes were $24,636)

It’s possible the strength continues. I don’t want to be a Debbie downer.

But consider for a second … the market’s on a multi-day run and a lot of tickers are overextended. There’s a significant possibility of a pullback.

With that in mind, my main focus is on panic dip buys.

I filmed this only a month ago …

Everything you need is in the video above.

People always say “Tim, this video’s old, what about these new stocks that are spiking? We need another video.”

Respectfully, no you don’t.

It’s the same pattern over and over again.

If you want a more recent example, watch the video and then check out my trade on Vision Energy Corp. (OTC: VENG) from last Wednesday…

I share all my trades here.

My entry was $12.07.

I exited at $12.70.

Here’s a chart…

VENG chart 1-minute candles

The pattern repetition is especially apparent on extra volatile days because the moves are more pronounced. That’s why tomorrow is so important.

Even if you’re too nervous to trade, watch the price action and learn from these opportunities.

And speaking of patterns …

Live Trade Tutorial

tim sykes and kyle williams on laptops
© Millionaire Media, LLC

Every trader’s different.

For example, I have over 30 millionaire students and we all trade differently.

Sometimes we use different patterns, we trade different assets (Monaco’s been into crypto and NFTs), and we have different profits.

The process I teach shows traders how to capitalize on volatility while minimizing risk.

Within that framework, apparently, there are profit opportunities all over.

With that said, maybe the pattern I shared above isn’t a good fit for you. There’s no shame in that.

Trading is a highly personal experience and it’s unique for everyone.

That’s why I hold live meetings. So that we can grow and share our experiences as a community.

The next one is Wednesday, January 18, 2023, at 8 P.M. Eastern.

Here’s the link to reserve a seat.

These opportunities are right at your fingertips.

Reach out and grab them!

 

— 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”