Everyday we’re focused on the hottest stocks in the market.
Stocks like Asset Entities Inc. (NASDAQ: ASST) … This low-float media company spiked 110%* on Monday this week.
And it offered a few different opportunities for traders to profit!
Notice, I mentioned that the stock has a low float. That’s important.
My students and I have a specific trading process. We’re not trading random stocks on a whim …
Here’s why we like stocks with a low float:
The low supply of shares helps prices spike higher when demand increases. It essentially ensures a certain degree of volatility. And as traders, we need that volatility to profit.
ASST was one of the most obvious trade opportunities on Monday because of its low supply of shares. In our niche, we like to trade stocks that have 10 million shares or fewer.
StocksToTrade showed that ASST only had 855k shares in the float … That’s tiny!
And it’s one of the main reasons the stock spiked 110%*.
Some of my students were ready for this setup … With enough experience, a trader can recognize the most popular patterns as they develop.
One of my students, Joshua, was in the freaking hospital when he traded this stock 🤣.
See his post below:
Get well soon Joshua!!
Take it easy when you’re supposed to be resting.
But at the same time, this is a great example of the versatility and opportunity we can enjoy as traders.
I’ll show you the opportunities on ASST from yesterday to help you capitalize on plays today and the rest of the week.
These patterns don’t change, we just apply them to new spikers:
Trade Opportunities
I traded this stock early, during premarket.
My notes are below:
There were also opportunities to trade this stock after the market opened at 9:30 A.M. Eastern.
It all depends on when you’re watching the stock and where it is within the overall framework.
I dip bought the price action after the initial spike, take a look at the chart below:
But there were at least two other SOLID trade setups after the market opened …
- Tim Bohen’s favorite: The dip and rip.
- Another one of my favorites: Dip buying off of the highs.
Take a look at the chart below detailing both of those trades:
Plus, I have an AI trading bot that tracks all of these setups!
In 2024, you don’t need a ton of experience to follow along …
Enter your favorite ticker into the AI and it will spit out a trade plan as if you asked me directly!
The Next Runner
There will be more opportunities this week to profit off of stocks that follow the same patterns as ASST.
It’s possible that we see more opportunities on ASST … But I’d rather look for a stock with a more credible catalyst. ASST is a short squeeze.
The company was at risk of delisting from the Nasdaq due to unmet listing requirements. Short sellers piled in, and when some of them bought to cover, it created a tidal wave of short sellers blowing up.
There are a lot of different catalysts that can cause stocks to spike. For example, some other spikers from yesterday:
- Prestige Wealth Inc. (NASDAQ: PWM) spiked 130%* after announcing an AI acquisition.
- Mullen Automotive Inc. (NASDAQ: MULN) spiked 70% after announcing a new $210 million contract for its EV vans.
Until you gain enough experience to notice these catalysts on your own, stick with me! I’ll point them out.
See my post on X below:
People ask why do I focus on such junk stocks like $ASST and this picture is worth a thousand words…I was buying/alerting $ASST in the $1.50s & later it hit the $2.30s…ALL of my students, even those recovering in the hospital, can profit on that awesome range!! CongratsJosh! https://t.co/8jux3Yd8sT
— Timothy Sykes (@timothysykes) August 26, 2024
My students and I are always discussing the hottest stocks in the Challenge chatroom.
>> Apply to join my Challenge today! <<
It’s where all my millionaire students come from.
Cheers.
*Past performance does not indicate future results
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