Is This The Golden Era of Trading?

By Updated on July 7, 2023

Is This The Golden Era of Trading? Thumbnail

After struggling last week with six straight trading losses— I’m BACK.

I nailed my last seven trades.

This is truly the golden era of trading right now.

If you’re not studying daily and working on developing your skills— you’ll likely miss out on these opportunities.

If you don’t know where to start, then I suggest you go here. 

But before you go there, I want to talk about a trade I had in the ticker symbol IQST.

That’s because this pattern is hot right now and I want you to be able to identify it, and potentially profit from it next time you come across it.

A Classic Returns

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Markets are constantly changing.

That means some setups will work better under certain conditions vs. others.

That’s why I encourage my students to study hard, and have a few go-to strategies that they can rely on. 

I’ve found myself tinkering with new ideas this year…trying my best to adapt.

But it’s always nice to see an old favorite return—The First Green Day Setup.

What Made IQST An Attractive Play

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I was initially interested in IQST when I saw this headline:

 IQST – iQSTEL Launches Proprietary AI Backed Metaverse App Into $900 Billion Market

The news came out early and the stock spiked quickly…

I didn’t get a chance to buy right away…and I wasn’t going to chase.

Source: StocksToTrade

Going back out on the chart you could see that this was a former Supernova…trading as high as $2 back in 2021.

I was either going to dip buy…or wait to get in later.

Source: StocksToTrade

My thinking was that if more people found out about the story…it would have a chance to run into Thursday…

This is a classic First Green Day Setup…

I got an opportunity to enter at an average price of $0.188 on Wednesday with the goal of getting out the next day on a gap up for 10-30% profits if I was right.

And if I was wrong…I would get out fast and cut losses quickly.

Well…the stock did exactly what I thought it would…and I was able to peel out of my position at $0.23…good for a return of 22.3%

So why did this work so well?

Unpacking the OTC First Green Day Setup

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Three specific indicators must align for a consistent OTC first green day play. These include:

  • Big percent gainer with volume: The stock should be up enough that scans pick it up.
  • Holding gains: Towards the close, the stock should be at, or near, its high of day (HOD).
  • News catalyst: A significant announcement or news affecting the stock should be present.

In the case of IQST, the launch of their AI-backed Metaverse app provided the news catalyst, it showed significant gains with volume, and it held its gains, thus aligning perfectly with the first green day criteria.

Lessons from Past Trades

Understanding the nuances of the first green day setup comes with experience and learning from past trades.

For instance, in September 2019, Ignite International Brands Ltd (OTCQX: BILZF) presented a perfect first green day setup during the 2019 Trader & Investment Summit.

Their post about the availability of their stock on the US market created an informational inefficiency, leading to a huge morning spike.

This was a valuable lesson about the potential for penny stocks and how focusing on ideal setups can reduce trading frustration.

The IQST Trade: A Classic First Green Day Setup

© Millionaire Media, LLC

This trade serves as a lesson that the OTC first green day setup is about recognizing the setup and being patient for the indicators to align.

Once you can identify these patterns, you can position yourself to trade them effectively.

As always, it’s crucial to remember that not all setups will work out as expected.

Even with a potential winning pattern, the key is to maintain a disciplined approach, carefully managing your risk and reward, and learning from each trade.

If it doesn’t work…DON’T FIGHT IT.

Cut losses quickly and live to fight another day.

Remember, focusing on patterns that make sense can help reduce trading frustration. So, learn the OTC first green day setup, recognize them, and position yourself to trade them.

The more you see it…the more comfortable you’ll get with them.

If you want to continue your education then I highly recommend you check out one of our LIVE TRAINING CLASSES. 


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Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

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