There are still profit opportunities when the market dips, like it is now …
Take a look at the S&P 500 ETF Trust (NYSE: SPY) chart below, every candle represents one minute:
And I’m not talking about short selling.
Yesterday I used a classic long-biased trade pattern to profit off of a multi-day spiker despite the down market.
Plus …
- I don’t have to hold through big swings.
- I’m not even in these stocks for very long.
Yesterday I made 3% in a matter of minutes. Then I went about my day.
That’s how I trade: I pull 3% here, 5% there, maybe a +10% every now and then. And I don’t have to watch my screen all day long.
I only focus on the best setups.
And then I hang out in Italy with my millionaire students. See my post on X below:
Goooooooooooooooooooooooooooooooooooooooooood morning! Starting the day right with a premarket chat with 3 of my top https://t.co/occ8wKmT5U students-turned-master-traders @Jackaroo_Trades @Quickbagss @JohnCARL_510 as you REALLY have to prepare mentally every day before trading! pic.twitter.com/atUBPhdZP1
— Timothy Sykes (@timothysykes) July 18, 2024
There are still opportunities to profit right now!
The recent market dip isn’t an excuse to slack off. Keep growing and learning!
How I Profit Right Now
I already touched on this idea earlier in the week. This is the blog post.
We only trade stocks that have a reason to push higher right now.
On July 16, Silo Pharma, Inc. (NASDAQ: SILO) announced a global license awarded for its Alzheimer’s therapy. The price spiked 150%* that day and then started to consolidate.
Pay attention to stocks that spike and consolidate!
I didn’t trade the price action on the first day of the move. Instead, I waited until the price action confirmed a strong breakout …
On July 18 the company announced a new business agreement to pursue a therapy for PTSD. And when the price started to run, I knew it was time to make a trade.
Take a look at the chart below, every candle represents one minute:
The total spike measures 320%* so far …
My trade notes are below:
Attention: When you find a stock spiking with recent news, put it on a watchlist!
These plays can break out after a few days of lazy consolidation. Traders who stop paying attention are likely to miss the follow-up move.
SILO isn’t the only setup that matches this framework. I have another example of a multi-day runner with hot news: Yoshitsu Co. Ltd. (NASDAQ: TKLF).
The company announced bullish earnings on July 16. Then it consolidated on July 17, and broke to new highs yesterday. Take a look at the chart below, this is a 180%* spike so far:
These multi-day runners follow my trading framework perfectly. That’s how I’m able to build smart positions.
Follow My Trading Framework
The most volatile stocks in the market can follow specific patterns that are based on human psychology …
People are predictable during times of high stress. Like when they have a few thousand dollars in a stock spiking +100%*.
See, I’m not a math genius, I wait for the price action to match my patterns.
And in 2024, there’s a way for new traders to follow these patterns immediately! You don’t need years of schooling or some kind of fancy degree.
One of my student’s testimonials is posted below:
“Bought ANVS on Friday at $10.97 and sold today at $15.26. Even though the target was $16+. Been with the service for about 1 month.”
– Don Alexander
That’s a 39% profit over the weekend from an automated trading scan, a scan that follows my process. Incredible!
>> Use AI to build smart positions on the hottest stocks <<
Cheers.
*Past performance does not indicate future results
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