On Friday, stocks continued to stumble, closing out one of the worst weeks of the year.
FedEx Corporation’s (NYSE: FDX) revenue warning may signal more pain ahead for investors as a global recession is possible.
This week we expect another 75 basis-point hike from the Fed to help curb inflation…
But despite the overall sell-off in the market, I’ve seen some positive signs that may indicate stocks may be ready to bounce back…
We never know what the future will hold for us, but we can always learn to adapt to the overall market.
And Today, I’m going to share with you just 2 secrets on how to stay afloat during these turbulent times…
Table of Contents
How To Survive
Heading into September, I informed all of you that this month is historically a nightmare.
The stock market is continuing to find its ground as traders anxiously await the Fed’s decision later this week…
Hoping that it doesn’t spark more fear into investors, creating another massive sell-off in this already fragile market.
But even though the market continues to be so unpredictable, there are ways for you to ride out this storm…
Yes, it may be difficult to find a lot of trades in this upside-down market, but it’s not about the number of trades you make…
It’s about how to be disciplined and find quality over quantity.
In September, I continue to follow my #1 rule and take quick profits.
In order to survive in this choppy market, patience is key…
So let’s look at how my latest trade and my two secrets can help you.
Secret #1 – Find Out What’s Working
Many new traders are just looking for hot picks and hot alerts…
Some don’t want to take the time to identify trade opportunities on their own, or maybe they don’t want to study the past.
Maybe they have a “gut” feeling that this stock will go to the moon…
It is important for all traders to become independent with their techniques and to find what is working in these markets…
But finding out what is working in the market is important, as it can help you become familiar with what the overall trend is, and how to apply my trading strategies.
In my latest trade, I continued to look for great opportunities in this market and found this recent multi-month runner…
Alaunos Therapeutics, Inc. (NASDAQ: TCRT)
TCRT had a massive sell-off the day before, over 50%…
With these big sell-offs, I want to be able to identify dip-buying opportunities…
The benefit of finding a stock that has been trending upwards, and then suddenly sells off — there’s still a lot of interest in the stock to have a potential bounce…
And with TCRT, the stock rebounded from its lows and trended upwards, giving me that perfect morning spike I was looking for.
In the first year or two of your trading journey, there’s a lot to learn…
So it’s very important to find out what is working in this type of market.
It’s important to study the past, and studying the pennystocking framework will help you understand the pattern of small-cap stocks.
More Breaking News
- SoFi Faces Challenges: Target Price Lowered and Director Sells Shares
- Teradata Exceeds Q4 Expectations and Outlines Strong Q1 Forecast
- Oracle’s $50B Cloud Expansion Plans Fuel Stock Surge
- SoFi Technologies Stock Surges: Q4 Wins Spark Analyst Upgrades
And this leads me to my next secret…
Secret # 2 – Have a plan
With each of my trades, I always have a plan…
What is my entry point and what is my exit strategy…
In every trade, you want to set a realistic goal. In TCRT, I wanted a 5-10% bounce, and when I exited my trade I profited 8.8%.
With this morning spiker, I felt that the stock wanted to continue to run after its massive sell-off from the day before, hoping it would break out through a key resistance area.
Shortly after the market opened, TCRT broke through the $2.20 multi-month resistance, and that is where I anticipated the stock to continue to run.
Let’s say that you invested $2,000 into this trade at the same time that I did…
You would’ve made $176 in less than 10 minutes!
Yes, it’s not going to change your life instantly, but this is the name of the game…
You want to take quick profits that will add up over time, helping you increase your trading portfolio size…
And then you can increase your position and become more aggressive when the market starts to rebound.
Words Of Advice
I want you to ask yourself, how badly do you want this?
Are you looking for these trades to be handed to you?
Or are you wanting to be a self-sufficient trader and know how to apply my strategies at the right time?
There are several reasons why new traders lose when they first start trading…
I didn’t make over 25 millionaire students just by luck, they were all determined to hit that million-dollar milestone…
And following my strict trading plan will help you continue to grow.
As the market remains weak, I want you to be able to come out on top during these challenging times.
Take the next step to find financial freedom!
Cheers,
Tim
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