Today’s market was no treat for traders…
If you thought last Friday was the bottom, you got tricked.
In order to make money in this market, you need to stop trying to figure out the big picture…
And you need to focus on what is going on in front of you.
This is how I’ve been able to profit over $125,000 year-to-date…
Most of the traders on Wall Street are trying to figure out what the Feds plan is this week…
But that isn’t my plan…
My plan is to focus on 3 stocks, which I want all of you to make sure you have a close eye on…
So start focusing on the opportunities that are currently in front of you instead of what WallStreet is doing…
And be prepared for how you can capitalize on these 3 hottest stocks.
Table of Contents
January Effect
Many traders may be questioning, what is the January Effect?
As we head into the end of the year, we could see a lot of these beaten-down stocks have the possibility of spiking…
Traders start selling their assets on losing trades to claim on their taxes as the year ends…
And when they start doing this, it could result in a short squeeze.
But have we started to see this already?
When a stock is short-squeezed we can see it become a supernova.
Let’s take a look at a stock I am closely watching heading into this week…
Quanergy Systems, Inc. (NASDAQ: QNGY)
Or how about ESSA Pharma Inc. (NASDAQ: EPIX)
Did most of you catch these stocks on their recent run-up?
If you missed it, this doesn’t mean it’s the end of the road for additional trading opportunities.
Would you be prepared to spot the next possible trade?
For any stock that spikes, there are still other types of analysis a trader needs to be aware of…
Just because a stock is spiking doesn’t mean that run will continue forever…
So it’s important to know how to spot these key areas.
Break Outs
To me, breakouts are one of the best types of strategies and setups a trader can ask for.
Why? It shows a stock has a lot of interest from traders when it breaks through a key resistance area.
So how do you find these types of stocks?
Well, usually volume and volatility play a huge role in being able to identify these opportunities…
This is why I encourage all of you to continuously look for big percent gainers.
On Friday, I spotted a stock that recently broke out and I held it for a weekend play.
Global Developments, Inc. (OTC: GDVM)
With a possible weekend play, you want to look for a stock that is quickly spiking into a close…
But with this being a First Green Day, I was looking for a gap-up on Monday morning.
After the market open, I saw a slight bounce but the volume wasn’t as high, so I decided to take a quick $475 profit (Risked $7,516.80 in capital to profit $475) in this choppy market.
More Breaking News
- Wheaton Precious Metals Stock Soars Amid UBS Upgrade and Positive Forecasts
- YPF’s Market Prospects Heightened with Price Target Raise by HSBC
- Lyft Stock Climbs with Expanded European Market After FreeNow Acquisition
- HSBC Elevates YPF Stock Price Target to $40 Amidst Rising Oil Valuations
Final Thoughts
There continues to be a lot of market volatility out there so I am focusing on taking small gains, staying disciplined, and scanning the market for any great opportunities that I can find.
Many of my students have been nailing some of the big winners that I shared with you earlier today…
But with the market bouncing, I am hoping this can give us more potential spikers coming up in November.
This doesn’t mean to start being aggressive with all of your trades, but to remain disciplined and only trade stocks that fit my trading strategies.
Trading is all about being prepared to pounce on the next big opportunity and there are plenty out there.
Keep studying hard and are you ready to spot the next possible trade with any of these 3 stocks I shared with you today?
Cheers,
Tim
P.S – Are you struggling to find big percent gainers? Here’s how I overcame that barrier with one simple tool.
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