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Watchlists-Penny Stock Investment Strategy

My Watchlist Right Now: 4/29

Timothy SykesAvatar
Written by Timothy Sykes
Updated 4/28/2025 5 min read

I made another trade last weekend … 

The stock spiked 50% from Friday to Monday. I pulled a calculated 10% profit when the stock followed my pattern.

Look at my trade notes below:

Source: Profit.ly

I look for the same price action every Friday.

The incoming weekend inspires a specific pattern that I find on the market’s hottest stocks.

This is a perfect strategy for new traders because it’s difficult to overtrade.

  • There’s only one trade a week.
  • It’s at the same time.
  • And it’s the same pattern.

Watch the video below for my weekend-pattern tutorial:

Friday will be here before you know it.

Until then, I’m still looking for trades intraweek. I made two additional trades on Monday from a 40% spiker and a 60% spiker.

There are trade opportunities all over the place! Start studying for Friday, or watch the hottest stocks every day this week for the best trades.

Trading Watchlists

I send out multiple watchlists every week for my Challenge students.

They’re all located under the Premium Content tab on Profit.ly. Look at my screenshot below:

Source: Profit.ly

Jack Kellogg sends out watchlists too!

There’s so much opportunity for students to learn from millionaire traders in the Challenge.

It matters which stocks we trade.

There’s a lot of volatility in the market right now. But not all volatility is created equal. We only want to focus on the volatility that follows our trade patterns. The volatility that shows us the best chance at success.

That means we’re looking for stocks that:

  • Have a low share price.
  • Have a low float.
  • Spike at least 20% intraday.
  • Spike with a catalyst that supports the move.
  • Show at least 1 million shares of trading volume.

Now … This is an inexact science.

Sometimes I’ll trade a stock that doesn’t fit these factors perfectly. I have enough experience in the market to understand whether a trade is worth the risk.

For new traders, try to stick to the framework above. Those stocks will give us the best opportunity for gains.

My Watchlist This Week

© 2025 Millionaire Media, LLC

I’m still watching a few stocks that spiked last week.

The share prices are consolidating, and that’s a sign the stocks could rally.

  • WW International Inc. (NASDAQ: WW) spiked Friday afternoon after Galloway Capital reported a stake in the company. There’s a breakout level at $0.50 after Monday’s premarket spike.
  • Odyssey Marine Exploration Inc. (NASDAQ: OMEX) spiked on April 16 after the market learned it was presenting at an emerging growth conference. On Monday the squeeze reached new highs, it’s already a 390%* spike.
  • Cantor Equity Partners Inc. (NASDAQ: CEP) started to spike on April 23 after the company announced a merger deal with a Bitcoin company. The merger is valued at $3.6 billion.
  • Pony AI Inc. (NASDAQ: PONY) is a short squeeze that just keeps pushing. The spike measures 170%* since April 23.

And there are a few runners from Monday that are at the front of people’s minds right now:

  • AGM Group Holdings Inc. (NASDAQ: AGMH) is a short squeeze that spiked 220%* on Monday.
  • Plug Power Inc. (NASDAQ: PLUG) spiked 40% on Monday after announcing a $525 million contract.
  • LogicMark Inc. (NASDAQ: LGMK) spiked 75% on Monday after the company announced a new leadership structure to support the company’s goals.

There’s a lot of opportunity in the market. But make sure you’re watching the right plays.

Successful trades start with the best stocks.

Next … 

Prompt my AI-trading bot with any of the stocks listed above. It will give you a trade plan as if you asked me directly.

My newest students lean on the AI until they become self-sufficient in the market.

There’s no shame in using AI. Wall Street’s been using algorithms to trade for years!

AI helps us level the playing field.

Cheers.

 

*Past performance does not indicate future results


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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”

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