Have you ever bought a stock that looks like it’s in freefall…
A stock that’s down more than 50% in a single trading session?
It sounds crazy…but I do it all the time…and I do it consistently and profitably.
Financial ‘masters’ like Jim Cramer incorrectly call it ‘catching a falling knife.’
They brainwash people into believing this cannot be done profitably nor consistently.
I’m living proof these guys are full of garbage.
They make great sound bites but lousy traders.
Whewwwww, $ABNB and $COIN hit after blah earnings, maybe they can spin some hype in conference calls, but they're just both SO over-hyped. Didn't Cramer say $COIN is a buy under 475??! How about under 260 LOL, that guy literally has such a terrible track record it's INSANE!
People defend these numskulls because they’re trying to ‘help educate’ folks.
The problem is, and they know this, is people take action on their recommendations.
They don’t educate people. They hurt people.
Most of their ‘recommendations’ never work and barely outperform the market at best.
It’s not magic or a scam, it’s a time-tested, logic-based strategy.
But don’t take my word for it.
But I’ll take it one step further and show you ones that worked AND ones that failed.
Vision Energy Corp. (OTC: VENG)
Every one of my trades starts with two key elements:
This is the daily chart for VENG leading up to and including the day it plunged.
We’re going to start with Trade #3 as it’s the most recent.
I expected shares would either ride back up to break the recent high or make their final swan dive.
The latter happened.
Intraday, the price action looked like this:
Initially, shares weren’t down that much from the prior day’s close.
But as the morning wore on, the decline picked up volume and speed.
In this case, if you go back to the daily chart, you’ll see that VENG found support around $12 back in early and mid-December.
That’s the area I looked for a potential play.
From there, I watched price action and waited.
My initial entry didn’t provide enough of a bounce.
Now let’s take a look at a dip buy that didn’t work out…on the same stock!
Yes, let’s go back to December 30th for this one.
This is Trade #2.
VENG opened up down ~12% after a ~22% drop the day before.
That was Trade #1.
Quite simply, it didn’t bounce.
All three trades used the drops that formed as the stock began its final dive.
Trade #2 didn’t have as much liquidity, nor was the drop nearly as pronounced.
That doesn’t make it a bad setup, just not ideal.
The best ones are the most obvious – the ones you don’t need to ask whether it fits the mold.
Trade #2 didn’t bounce.
So, I relied on my #1 rule – cut losses quickly.
I know that not every trade won’t work out. Sometimes I read the tape poorly or buyers don’t follow through.
See for yourself.
But if you want daily insights…
If you want thousands of hours of video education and content…