Do Your Mornings Start With THIS Pattern?

By Updated on August 11, 2023

Do Your Mornings Start With THIS Pattern? Thumbnail

People overcomplicate trading.

They throw one indicator after another onto a chart, hoping they’ll find the magic bullet.

Months go by before they realize they’re on the wrong track and their wallets are lighter.

In reality, all you need is a solid plan of attack.

Right now, the best setup comes first thing in the morning, all thanks to this one pattern.

With this simple setup, you cut your trade time and boost your profit potential.

It’s how I nailed Bright Minds Biosciences Inc. (NASDAQ: DRUG).

I want to show you how to identify, plan, and trade this pattern quickly.

Because if there’s one thing I know, you take what the market gives you.

Analyzing Price Action

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Friday, I explained why I was looking to dip buy failed one-day spikers.

In this market, short sellers keep overextending themselves.

I watched tons of them try and bet against Applied Optoelectronics (NASDAQ: AAOI) in the $8’s, $9’s, and even $10’s, despite a relentless multi-day run.

It’s absolutely baffling.

Why would you want to short a stock that looks like this:

Clearly, they’ve never shown up for one of my FREE LIVE CHALLENGE TRAINING SESSIONS.

If they had, or even if they had just read this blog post, they would know that you NEVER want to short a first green day, especially one with huge volume behind it that closes near the recent highs.

In fact, that’s a pattern many of my students will often buy.

I always want to align the setup with the pattern.

That’s precisely why I’m focused on the failed one-day spikers.

It’s not because this pattern worked last year or that I expect it to work a year from now.

It’s because it’s the pattern that’s working RIGHT NOW.

You can’t create the right plan of attack if you don’t read what’s happening in the market at this very moment.

Why do you think I, and many of my top students, killed it in 2021?

We saw what the market was doing and adjusted accordingly.

A big part of trading is reading the tape to determine what’s going on, what’s working, and what’s not.

Failed One-Day Spikers in Action

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I like to tell folks that I’m a history teacher. What we learned in the past helps us today.

One-day spikers aren’t anything new. In fact, they’re a dime a dozen.

But there’s a big difference between what’s going on now and what I’d seen in, say, 2022.

Today’s failed spikers have two key characteristics:

  • They often have a secondary pop on the way up
  • They often have a panic dip buy and pop near the open

Take a look inside DRUG.

The secondary pop typically takes place on that first move.

Panic dip buys happen right at or near the open followed by a quick pop.

In both cases the entire trade lasts no more than a few minutes.

Here’s another example using Silo Pharmaceuticals (NASDAQ: SILO):

In this case, I nailed the entry for the first pop. But, I screwed up because I WASN’T PREPARED!

Instead of selling on the next push I took a loss.

But again, you can see the same panic dip buy and pop right at the open.

Timing on these trades is critical…or should I say the time of day.

These aren’t stocks to play in the afternoon.

Don’t just take my word for it.

The majority of times, I tried buying into dips or breakouts after the morning panic cost me money.

Finding Profitable Plays

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Almost every one of these trades starts with a news catalyst. And there’s no one better in that department than our StocksToTrade BREAKING NEWS CHAT.

Once you find the stocks with news and premarket moves, it’s just a matter of planning your setups.

Above all else, make sure you size your trades correctly, knowing where you want to take profits and where you would stop out.

As my SILO trade illustrates, when you aren’t prepared, a winner can quickly turn into a loser.

Your Next Move Is This Most Important

students kyle mari and jack
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You could be just a winning pattern away from having a breakthrough.

Each day my team puts together live training sessions aimed at helping you become a better trader.

I’ve helped over 30 of my students on their way to becoming millionaire traders. And I’m hungry for more.

It starts by attending today’s free live training class.

That’s why I’m personally inviting you to come and check it out.

Join me for a LIVE STRATEGY SESSION, where I cover the top patterns and setups I, and many of my millionaire students, use to navigate the market every single day.



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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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