It’s Tim Sykes here.
Every week there are new opportunities to profit for traders.
I’m here to show you how we capitalize on these hot stocks.
And there’s never been a better time …
The 2024 market is INSANE right now!
Without further ado, let’s get right to it!
Yesterday I pulled a 7% profit from a volatile biotech stock.
There are a lot of biotech spikers right now.
Keep that in mind when you’re looking for the next runner this week …
Take a look at my trade notes below:
This was a routine trade.
I find dip-buy setups over-and-over again on these stocks!
It’s not a coincidence … The most volatile stocks in the market like to follow specific patterns because people are predictable during times of high stress.
Every spike is a little different, like a snowflake. But the patterns that these stocks follow don’t change.
To help you find the next setup … Let’s look at my profitable trade from yesterday’s biotech.
Study this price action!
We’ll likely see another trading opportunity just like it, today or later this week.
My Trade Process
First of all … A trader needs to be watching the right stock.
There are thousands of tickers moving every day. But only a handful will actually give us opportunities to profit.
My millionaire students and I, we look for stocks that …
- Spike to insane heights.
- Are in hot sectors.
- Announce bullish news.
That’s our recipe for success.
We can find these stocks using the big-percent gainer scan in StocksToTrade.
It shows us all the biggest runners of the day …
For example, yesterday, November 18, at 4:20 P.M. Eastern, this is what my scan looked like:
These stocks satisfy the first constraint that I shared above: Stocks that spike to insane heights.
Then, our job is to look at each of the biggest runners and determine whether it fits the rest of our factors.
On the morning of November 18 … HCW Biologics Inc. (NASDAQ: HCWB) spiked 350%* during premarket hours. It was one of the biggest runners from that morning.
When I dove a little deeper, I found it was a biotech stock (hot sector) and it announced bullish news:
The company announced a licensing agreement with WY Biotech to develop an immunotherapy. HCWB received $7 million in upfront payments as well as agreed upon milestone payments and double-digit royalties.
- It’s a big spiker.
- It‘s in a hot sector.
- It has credible news.
This was a no-brainer stock to watch on Monday, November 18.
But I still had to trade it …
My Trade Pattern
I snagged a decent dip buy from this runner.
But my position might surprise you … I missed the entire runup.
See, a lot of new traders get distracted trying to take the whole move. They want to hold shares as the price spikes to new highs intraday.
Not me … I’m looking for price action that fits my patterns. It could occur during the bigger spike, but oftentimes I find myself dip buying on the back end of moves.
Take a look at the HCWB chart below, every candle represents one trading minute:
Here are my trade notes again:
You don’t need to be first to the trade.
And you don’t need to take the whole move.
Instead, follow my patterns and wait for the chart to match a popular framework.
Concerned you’re trading the wrong setups??
My newest students are using AI to track this price action!
The patterns are always the same … It was only a matter of time until the AI started to catch on.
>> Use AI To Build Smart Positions On Volatile Stocks Spiking Higher <<
Cheers.
*Past performance does not indicate future results
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