Right now, there’s no shortage of tradeable headlines…
…from the crisis in the Middle East to Pfizer’s whacky earnings.
But those won’t help you take on Momentus Inc. (NASDAQ: MNTS) like I did…
…because this stock had ZERO news.
So, how did I find it within minutes of the market open?
Through a technique, I typically only teach my top students.
But it’s become so crucial to trading lately that I’m going to give you a sneak peek behind the curtain here today.
Table of Contents
Scan for Success
I use two lists to start every trading day: previous runners and premarket movers.
I update the first list at the end of the session, adding stocks that are or could become multiday runners and removing stocks that faded to oblivion.
The second list pulls in stocks up 20% or more in the premarket with decent volume.
From there, I look for headlines behind the move.
These two lists cover 90%-95% of my trades.
However, they don’t cover everything.
Sometimes, stocks will start their run near the open or during the main session.
With runners that hit after, say, 10 a.m. EST, there will almost always be news.
However, near the open, stocks can start to run higher without any headlines at all.
The only way to play them is to catch them as they happen.
That’s why I keep an ongoing list of the top percentage gainers running at all times.
Our StocksToTrade platform comes with one built-in, making it easy to spot them.
Click here to get a free 14-day trial
The other great feature on this platform is our Breaking News Chat.
Not only do these guys drop the stock-moving headlines, but they’re fantastic at alerting me to these non-news movers as well.
These guys gave me enough of a heads-up that I grabbed an entry right before the stock went into a limit-up halt.
But Wait…
I’m not about to buy a stock just because it’s rising quickly.
There’s more to it than that.
You see, I want to have some type of confirmation there is buying behind the move.
And that all comes down to volume.
Let’s go back to the chart of MNTS and I’ll show you what I mean.
I drew a box around the volume and the price move (aka price action).
Notice how there was no volume in the premarket?
All of a sudden, hundreds of thousands of shares started trading in the first few minutes.
Compare that to the last few trading days.
In the last two sessions, when volume hit the stock early, the price rose.
Monday saw even MORE shares traded as the stock pushed higher.
Is it possible it could have failed on the 3rd try?
Sure.
But, with the stock approaching the high from two days ago on heavy volume, I suspected it would bust through on the first try.
I wasn’t expecting the limit up, but I took it.
Playing it Safe
My goal with these trades isn’t to ride them for doubles or triples.
I aim to find ~10% scalps that I know the patterns, can easily identify them, and trade them.
It doesn’t always make for the most exciting trades.
But with over $7 million in lifetime trading profits and more than 30 millionaire students I’ve mentored, it doesn’t have to be.
I teach folks how to find their niche in the market and utilize it for all that they can.
For some students, like Mark Croock, that takes them in an entirely different direction where they trade options.
For others, like Jack Kellogg, they get good enough to rake in over $12 million in lifetime trading profits.
There’s no ‘right’ way to trade.
However, some skills apply to everyone, no matter your style.
Price action is one of them.
And what I’ve offered you is just a snippet of how I read the charts and trade penny stocks.
Unlock the Secrets to Spotting Hidden Trade Opportunities 📈
The market is filled with headline-driven trades, but what about those hidden gems that defy the news cycle?
Just like I took on Momentus Inc. with ZERO news, you can learn to spot these opportunities too.
My trading strategy isn’t confined to just ‘previous runners’ or ‘premarket movers.’ It’s about understanding price action and volume to unlock those secret scalping spots.
🔍 Want to scan for success like a pro?
🔍 Curious how to create and maintain your own lists to cover 90-95% of your trades?
🔍 Want to discover how to play stocks that start to run higher with no news at all?
Intrigued by the Art of Price Action Trading? 💡
🔥 Join me for our live training session and get behind-the-scenes insights into my successful trading tactics.
🔥 Learn how to focus on volume and price action, not just news-driven momentum.
🔥 Become adept at leveraging platforms like StocksToTrade for real-time gains.
🔥 Discover how to spot both news-driven and non-news trades, allowing you to be versatile in any market condition.
If you’re ready to go beyond the headlines and dive deep into the mechanics of successful trading, don’t miss this live training.
Your opportunity to elevate your trading skills is just one click away.
👉 CLICK HERE TO SECURE YOUR SPOT! 👈
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