On Wednesday, May 7, right after the market opened, I made almost $1,000 from the spike on Pony AI Inc. (NASDAQ: PONY).
Look at my trade notes below:
Traders who missed this play. It’s OK.
You probably weren’t prepared. We can fix that.
I wouldn’t have found this trade setup if I wasn’t prepared. For example, PONY was already on my watchlist before Wednesday’s spike. Because it’s a multi-day runner that already spiked 240%* before the May 7 run.
An up-to-date watchlist is part of my preparation.
But it’s also essential that traders understand how to trade these setups when they find an opportunity, like the spike this week from PONY.
In my trade notes above you can see that I made a dip-buy trade off of the intraday highs. I’ve studied that pattern for years. That’s another form of preparation.
I can show you how to find these stocks and how to trade them.
And today, Thursday, May 8, we have a perfect opportunity to prepare for the biggest trade opportunity of the week.
Watch my video below for more details:
Find The Next Hot Stock
Every day, there are stocks spiking higher in the market.
But some stocks spike higher than others …
My students and I look for the biggest spikes because it gives us wiggle room for gains.
When a stock spikes +100%, it’s easier to take a 10% profit. Compared to other stocks that only move 1% or 2% intraday.
Everyday I check the Top % Gainers scan on StocksToTrade. The scan is built into the software and it sifts through thousands of stocks to instantly find the biggest runners of the day.
Our scanner picked up PONY’s price action earlier in the spike. I was able to trade the May 7 rally because it was already on my watchlist.
But yesterday, May 7, our scanner also found Asset Entities Inc. (NASDAQ: ASST).
The stock spiked 330%* on May 7 after it announced a Bitcoin merger agreement.
I was preoccupied with PONY, but a lot of my students found the spike on ASST without an issue. Look at a screenshot of the Challenge chat below.
I had to redact certain values for legal reasons:
Gain access to the Challenge chat.
It’s essential that we build a watchlist of the hottest stocks every day.
If the chart falls lower we can remove the stock from our list. But to find profits, we first have to find the right stocks and continue to watch them.
Here are the stock-spike factors that our scanner looks for every day:
- Share prices between $0.01 and $10.
- Trading volume of 1 million shares.
- A spike of at least 20% intraday.
Use StocksToTrade for this scan or build your own using these factors. It’s essential that you’re watching the right stocks every day.
With that said, the next part of this process is most important …
Trade The Price Action
I used a dip-buy pattern to trade PONY on May 7.
There are multiple patterns that we use to trade within the larger framework that these volatile stocks like to follow.
For my newest students, I recommend that they focus on one pattern at a time.
The saying goes, “jack of all trades, master of none.”
While it’s true that some of my students have mastered multiple trade patterns, too many patterns can confuse people in the beginning.
Here’s my advice, as a millionaire trader and a mentor to a couple dozen millionaire students: Focus on my weekend-trade pattern.
Here’s an example of a weekend trade that I made recently. From Friday, April 25 to Monday, April 28:
This pattern is perfect for new traders who also work a day job.
- The setup comes around once a week. So it’s almost impossible to overtrade and you don’t need to stress intraweek.
- The pattern is the same over-and-over again.
- There are clear entry and exit levels to protect our position.
Our next opportunity is this Friday afternoon.
You still have time to learn this pattern and look for the setup!
Use our scanner to find for the hottest stock spikes on Friday. Then look for this pattern!
Cheers.
*Past performance does not indicate future results
Leave a reply