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3 Stocks I’m Watching in an Ugly Market

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Written by Timothy Sykes

The market might be ugly right now, but that doesn’t mean there are no trades to be had. Volatility creates opportunities, and if you know how to trade strategically, you can turn even a rough market to your advantage.

In this article, I’ll break down my process for navigating turbulent times and highlight three stocks that are on my radar right now: DatChat Inc. (NASDAQ: DATS), Quantum Computing Inc. (NASDAQ: QUBT), and 22nd Century Group Inc. (NASDAQ: XXII).

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How to Survive and Thrive in an Ugly Market

When market conditions are less than ideal, discipline becomes your greatest asset. Here’s what I’ve learned during my 25+ years of trading:

  1. Stay Small, Stay Safe
    When an opportunity comes along in a choppy market, it’s tempting to go all in. But aiming small helps you miss small. Look for clean setups and focus on protecting your account.
  2. Stick to a Framework
    The 7-Step Pennystocking Framework is my bread and butter. Whether it’s a dip buy, a breakout, or a bounce play, sticking to the framework gives you a plan when chaos reigns.
  3. Lock in Profits Early
    A volatile market isn’t forgiving. Don’t go for home runs—singles add up.
  4. Don’t Fight the Market
    When stocks are falling fast, you don’t have to chase every bounce. It’s better to wait for clear signs of support and volume to step in.

Check out my 5 of my top students’ predictions for 2025!

Stock Picks for an Ugly Market

Here are three stocks that I’m watching closely this week:

1. DatChat Inc. (NASDAQ: DATS) — The Social Media Privacy Spiker

DatChat Inc. (NASDAQ: DATS) has been one of the hottest movers in recent sessions, showing incredible spikes and clear trading setups.

  • January 7: DATS spiked 370%* on no news… I jumped in on a dip and locked in a $603 profit on a starting stake of $10,668.
  • January 10: A deep dip near VWAP offered another setup. I took a small position, aiming for a bounce, and made $325 (starting stake $15,350).
  • January 13: I bought a speculative dip near $5.50, expecting support at that level. The bounce was modest, netting me $250 (starting stake $27,600).

Why I’m Watching:
DATS remains an active stock with a history of massive spikes. The key here is to watch for breaks above resistance levels or panic dips that could set up low-risk entries. Its momentum could lead to another breakout, but don’t chase—stick to the plan.

2. Quantum Computing Inc. (NASDAQ: QUBT) — The Volatile Quantum Play

Quantum Computing Inc. (NASDAQ: QUBT) has been a leader in the recent quantum computing craze.

  • November 13: QUBT announced its first order from its TFLN photonic chip foundry, sparking an 1,800%* multi-day spike.
  • January 8: The stock faced a sharp selloff after NVIDIA CEO Jensen Huang suggested that useful quantum computers are decades away.

Why I’m Watching:
The selloff has created a wide trading range, offering plenty of room for volatility-driven setups. Whether it bounces back or continues to dip, QUBT’s movement is likely to attract traders.

Other quantum stocks like Rigetti Computing Inc. (NASDAQ: RGTI), Sealsq Corp. (NASDAQ: LAES), and D-Wave Quantum Inc. (NYSE: QBTS) are also seeing similar activity. With big names like NVIDIA and Mark Zuckerberg casting doubt on the near-term potential of quantum computing, these stocks are dropping fast. Watch for potential dip-buying setups.

More Breaking News

3. 22nd Century Group Inc. (NASDAQ: XXII) — The Micro-Float Tobacco Stock

22nd Century Group Inc. (NASDAQ: XXII) gained significant attention after announcing its support for the FDA’s push to regulate nicotine levels in cigarettes.

On January 13, XXII spiked almost 150%, reaching a high of $12.50 before pulling back. I traded it in premarket but was too early and exited the trade when I saw it wasn’t going anywhere. I’m still proud of this losing trade for two reasons…

  1. I cut my losses quickly
  2. I focused on a better opportunity in the cancer play Phio Pharmaceuticals Corp (NASDAQ: PHIO)—which I sold too quickly but still made $1,450 on (starting stake $18,950)

This is the kind of discipline you need in a volatile market. XXII is still on my watchlist, I’ll be ready for the next moves it makes.

Why I’m Watching:
XXII has an ultra-low float of just 76,000 shares, making it one of the most volatile stocks on the market. Its small supply creates the potential for sharp spikes whenever demand surges.

While XXII isn’t the next JUUL, its business model appeals to a growing market of health-conscious consumers. The company’s next announcement could trigger another massive move.

How I’m Trading Today

In a market like this, preparation and discipline are everything. Stocks like DATS, QUBT, and XXII may offer significant profit opportunities, but only if you trade with a solid plan.

Always remember: small gains add up. Don’t let the promise of massive spikes push you into overtrading or chasing moves. Lock in those singles and stay patient.

What stocks are on your watchlist this week? Let me know in the comments!


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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”