Summer Trading Madness!

Dear Penny Stock Millionaire,

Summer trading is supposed to be boring and slow. Enter the summer of 2020 with the coronavirus pandemic. Then add stimulus checks and uneducated newbie traders to the mix.

What do you get?

Summer trading has taken on a whole new meaning. I can’t keep up with all the opportunities. The past three weeks I’ve averaged roughly $70,000 per week in profits.

I donate 100% of my trading profits to charity. And right now there’s a huge crisis you need to know about. This is where all my June profits are going…

Urgent: Help Save the Children of Yemen

At Karmagawa, we’re raising money to help the people of Yemen. They’re in desperate need of food, water, shelter, and medicine. The country’s civil war, combined with the coronavirus pandemic, has taken a huge toll. Children are dying of starvation.

Our goal is to raise $500,000. So far we’ve raised $303,391 — which is a great start. It’s crazy and it’s awesome. We raised over six figures in 36 hours. We’re more than 60% of the way to our goal.

But it’s only a start…

The war in Yemen isn’t ending. And now coronavirus is spreading fast. UNICEF spokesperson Marixie Mercado said they need $30 million by the end of June. That’s just to keep the water, sanitation, and hygiene infrastructure going. Unfortunately, this scenario will repeat in developing nations and war-ravaged countries.

So a few hundred thousand dollars is a good start. But they need millions by the end of the month. Even if they get millions, there will be more problems in July and August.

The money we raise is going to three amazing charities already on the ground in Yemen — Unicef Yemen, Save the Children Yemen, and Doctors Without Borders.

It’s kinda crazy that in 2020 children are starving to death. Most people aren’t aware of what’s going on in Yemen. So very few people do anything about it.

But what’s crazier is we’re engaged in this…

Military vs. Healthcare Spending Crisis

The amount of money spent on the military versus what’s spent on healthcare is outrageous. Our country is secure militarily. But people are dying due to famine and a lack of medical care. Especially in developing countries. And especially with coronavirus.

With coronavirus … we need a vaccine. The only positive thing about this pandemic is that we’re spending more on health and medicine. But it’s a wake-up call as the world realizes the consequences of years of a lack of funding.

Which is why we need you to…

Donate and Share

So please donate. Any amount helps. Whatever you can find in your heart to give, give today. Please support Karmagawa’s ongoing mission to make the world a better place.

Then share the fundraiser, too. This is the true power of social media. At Karmagawa, we’re trying to create a culture where people give and then share on social. Not to get people to brag about giving — to help set an example for others.

Again, this is the power of social media. But you gotta take action. So give today. And if you can’t give, then share. It only takes one person sharing with the right person to make it go viral. You might be the one to trigger a tsunami of giving.

OK, let’s get to some…

Summer Trading Questions From Students

“When you tried to exit SSFT on Friday morning, there was trouble with E-Trade. Your first order was 24 cents — which you changed to 21 cents when the order wasn’t getting filled. Was there a reason you chose 21 cents since it was a near 50% difference in profit?”

Let’s look at the stock and the trade and then I’ll answer the question. But first…

Summer Trading With StocksToTrade Breaking News Chat

A lot of people ask me where I get breaking news so fast. Use the StocksToTrade Breaking News Chat tool. It’s helped me have my best month of trading in the past decade … over $262,434 in profits in the past 30 days. That’s crazy.

But it’s even crazier not to use it … because my SSFT trades all started with the Breaking News Chat tool.

Tim Sykes Tweet

Use StocksToTrade … and add Breaking News Chat to your subscription. Need more information? Read about the best tool to get penny stock breaking news here.

Back to SSFT…

Sonasoft Corp. (OTCQB: SSFT)

Sonasoft went full supernova on June 11. The catalyst was this SEC filing announcing an agreement with Google (NASDAQ: GOOGL). The 8-K filing says Sonasoft “will be involved in the development of services and products for Google Cloud Learning Systems.”

Check out the SSFT chart from June 11–12. I noted two SSFT trades:

SSFT

SSFT chart: June 11–12, 1-minute candle, breaking news play, FGD play — courtesy of StocksToTrade.com

The reason I mention the first trade is it was my biggest single trade in a while. As you can see on the chart, the stock was already spiking. Some students were saying “Tim, why are you chasing?” As if a 20 cent stock gets a deal with Google every day.

It blows my mind more people don’t know what a solid setup looks like. I locked in safe profits, selling for a $16,975 profit.

The trade mentioned in the question is the other trade on the chart. It was a beautiful…

OTC First Green Day Setup

Here’s how it happened…

The entire market was selling off. It was almost like what I’d normally think of with summer trading. Based on experience, I thought Sonasoft would issue a press release about the Google deal. If not that day, then the next day.

So I bought the dip thinking it would spike into the close and/or gap up overnight. When there was no press release, I trimmed my position and locked in profits. The rest I held for a first green day overnight play.

On Friday morning, I tried to sell right at the open into a 20% gap up. But E-Trade was having issues. Still, it was a solid overnight profit. And as it turns out, most of my shares sold closer to my original limit order than 21 cents. It was a solid $6,705 profit.

The key thing to remember is…

A Profit Is Still a Profit

I don’t look at it like “Oh, my profit just got reduced by 50%.” I care more about what the stock is gonna do next. Yes, I put targets on my trades. But I don’t necessarily get them.

So when the sell order didn’t look like it was going through, I just tried to get out at any price. Sometimes that happens. Especially with fast-moving stocks.

I tell my students to focus on the process more than whether they win or lose. The thing about this trade is, I tried to sell at the open. My process was solid. My thesis was solid. Under the circumstances, I traded well. And that’s more important than the slippage.

One final note on SSFT … I only showed two of my seven SSFT trades on June 11–12. If you add up all my SSFT profits it comes to $33,649. It’s one of my best trades in quite a while.

Next question…

“Tim, volatility is off the charts. It almost feels safer watching than trading. At the same time, I don’t want to miss out! How can I take advantage of the volatility while minimizing risk?”

Start trading. Get used to the volatility. Don’t let FOMO get in the way of your education.

Tim Sykes Tweet

But also understand you can control your position size. It’s so much better than just watching. You could buy 100 shares … or 200 shares .. or paper trade on StocksToTrade.

People seem to forget that. They’re so scared about trading … they don’t realize if you risk $10 on a trade it doesn’t really matter. Understand you can modulate your position size.

Here’s an example…

Modulate to Hit the Moving Target

I’ve been modulating with bigger position sizes because I see so many opportunities. But you can also pull back. And again, you can paper trade. You can just watch if you want … it’s all part of your education.

Even someone like me who’s been trading for 20+ years still modulates. Sometimes in hotter markets, I’m more aggressive. In colder markets … I’m less aggressive. Not because I’m scared, but because I’m trying to get in tune with the market.

Remember, trading is kinda like a moving target. And you’re trying to move in rhythm with the moving target.

Let’s wrap this up with the…

Trading Lesson of the Week

This is a ‘fire at will’ market. There are so many plays every day I can’t keep up. So the big lesson is…

Enjoy it. Enjoy all the lessons the market is giving you. Enjoy all the trades and opportunities both long and short. Summer trading may never be like this again. It’s the best market in years.

Watch this video to get an idea of how insane this market is AND to get motivated …

Find Out How I Made $140K in Just Two Weeks

I’m having a great time. Yes, I’m exhausted. But this market is so much fun. I’m even trading midday sometimes — missing my workout because there are so many plays.

So try to witness these plays. Try to take advantage of these plays. Enjoy it while it lasts. If you’re just getting started, read “The Complete Penny Stock Course” by my student Jamil. It has the answers to all the most frequently asked questions I get.

And when you’re ready…

Millionaire Mentor Market Wrap

What a crazy month so far. For me, it’s my best month in years. So far I’ve made $222,605 in profits in June.

It’s been a great month for trading and a great month for teaching. I’m so proud of my students who are learning and profiting.

But I’m most proud of the fact that we’re raising money to help in Yemen. I’m donating my profits this month to the three charities mentioned above. I hope you get involved. Financial freedom is awesome. But it’s even more awesome to give back.

What do you think of this crazy summer trading?

Talk to you tomorrow,

Tim Sykes
Editor, Penny Stock Millionaires

You May Also Be Interested In:

Timothy Sykes

Tim Sykes is the editor of Tim Sykes’ Weekly Fortunes, Tim Sykes’ Weekend Profits and Tim Sykes’ Profit Calendar He also writes the free daily e-letter, Tim Sykes’ Penny Stock Millionaires

Tim’s most famous for turning the $12,415 dollars he received at his Bar Mitzvah into more than $1.65 million dollars in trading profits by...

View More By Timothy Sykes