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Tips From a Week of Trading Penny Stocks {VIDEO}

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Written by Timothy Sykes
Updated 4/18/2022 3 min read
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Stock Market Recap: Key Takeaways

  • Sneak peek: My trades from last week and 2022 so far, plus what’s going on in the markets…
  • A slow market provides different opportunities — discover how to maximize them.
  • Why I laugh out loud when Wall Street traders look down on my process and profits…

There haven’t been as many trades recently, but that’s fine. It makes it easier to avoid overtrading. Even so, I’m already up roughly $35K in 2022. And while I’m not looking to take trades, I will when they come to me.

In this video…

  • How to get rich with a 50% win rate. (Most new traders don’t know this…)
  • The truth about trading the most volatile stocks in the market.
  • Why you should cherish a slower market. (And how to benefit from the gift of time.)
  • The real reason most traders aren’t ready when a great play stares them in the face.
  • What Tim Grittani did on June 30, 2020. (Most people can’t believe it until they see it.)
  • The trades and setups working in this market. Hint: the rules never change.
  • Review of my recent INDO trades: The good, the bad, and rule #1.
  • How to avoid FOMO on missed executions. (This lesson alone could save you thousands.)
  • Why a stock trending up on unconfirmed rumors is more exciting than a ‘penny up, penny down’ former runner.
  • When a double-top is NOT a bad sign. (Counterintuitive, but true…)
  • How penny stock companies jump from one hot trend to another. You can’t believe the company, but you MUST respect its spikeability.
  • PLUS: Why I can’t stop looking at this chart…
PQEFF stock drop
PQEFF chart: Feb. 1, 2022, perfect morning panic pattern (Source: StocksToTrade.com)

Tips From a Week of Trading Penny Stocks & More: Video Recap

Get all these lessons and more in the recap video below…

Remember, you don’t have to make BS predictions. You’re not a CNBC talking head trying to raise money to collect a 1% management fee.

Think bigger. MUCH bigger…

I’ve dedicated my life to being the mentor to trading students that I never had. There’s no magic formula, but my 20+ years of experience can help you speed up the learning curve.

One pattern I’ve traded for 20 years gives me the opportunity to make money by taking advantage of a Nobel-prize-winning economic anomaly. I’m broadcasting live TONIGHT to explain exactly how I do it…

Join Me Tonight, February 9 at 8 PM Eastern for

**The Overnight Profits Summit**

See you there!

And if you enjoyed this video recap, comment below…

Want more recap video lessons like this? Comment below. I love to hear from all my readers!

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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”