There are new +100% stock spikes every week in this 2025 market.
But I know that some traders are still struggling to learn this process … It’s easy to feel frustrated.
- My newest students see me and my millionaire students profit in this market.
- They see the patterns that we use.
- But when they try it themselves, they get it wrong …
Every new trader has experienced this at some point in their journey .
Don’t let it frustrate you. Instead, accept it as part of the learning process, and charge ahead.
Today we’ll go through a simple trade pattern that you can look for this week on the market’s hottest stocks.
I used this pattern to trade BioNexus Gene Lab Corp (NASDAQ: BGLC) last week on July 30. Look at my notes below:
In this trade review, we’ll treat the stock as if the pattern developed right in front of us.
It’s impossible to tell what the stock will do next.
Here’s how to use my breakout pattern on the market’s hottest stocks:
On July 30, during premarket hours, BGLC announced a business agreement that was touted as a DeepSeek moment for AI-driven biotech.
The stock immediately spiked 27% in the first minute of the announcement. That’s when it popped up on the “Top % Gainers” scan in StocksToTrade.
The Breakout Pattern
On all of these BGLC charts, every candle represents one minute.
In the second minute, the spike extended to 64%.
By the third minute, the stock started to pull back … This is where our pattern begins to take shape.
But I still wouldn’t enter my trade for the next 10 minutes …
We don’t have to be first to profit from these moves. Instead, we wait for the trade to come to us.
Breakout Pattern
Every stock spike will look a little different.
But seeing enough of these plays, especially in real time, will help traders truly recognize these setups as intraday profit opportunities.
Now, a lot of traders would jump the gun and enter a spike like BGLC too early.
The initial pullback on a spike like BGLC only acts as our frame of reference to find support.
You can see on the chart below, BGLC dipped toward $6 quite a few times but never broke it.
After the first true bounce off of $6, pictured below, it’s still tempting to buy shares as the stock moves toward the breakout level around $7.50.
But we have to remember, this bounce acts as our frame of reference. It could spike higher from here, but taking that trade would be too risky.
On the chart below, we can see BGLC reach toward $7.50 resistance, only to end the minute with a pullback.
And look what happens next …
Let’s say you put $1,000 into the first bounce … You probably didn’t time the bottom perfectly, and now the stock is falling toward the support level at $6.
See what I mean? There’s too much stress involved in that strategy.
Let’s see what happens at this $6 support level:
This is a perfect example of a double bottom on key support.
The stock bounced off of $6 at 8:06 A.M. and consolidated on either side of that minute until it double-bottomed at 8:13 A.M. and rallied upward.
This has my interest now and I’m looking for an entry that’s close to support at $6.
On the chart below, you can see my entry after the stock started to surge upward again:
Now, if the stock falls below $6, that’s my signal to cut the loss and get out.
In this case, I was early to the spike, the news was hot, and the stock spiked to new highs.
Here’s my exit just a few minutes later:
As I said in my notes, I might have sold too soon.
It’s possible that the stock surges higher after a short period of consolidation. But there’s nothing wrong with taking a quick 17% profit.
Let’s see what the stock did next …
It failed at the highs and sank lower minute after minute.
Again, I’m not looking for that kind of stress in my life.
BGLC spiked 100%* that morning and I took the meat of the move. That’s a good trade.
Get my next FREE trade alert in my Telegram.
And follow the stock as the price action unfolds in real time.
You’ll learn this process so much faster.
Cheers
*Past performance does not indicate future results
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