Respect the Trump Pump

By Updated on October 21, 2021

Respect the Trump Pump Thumbnail

Respect the Trump Pump: Key Takeaways

  • StocksToTrade’s Breaking News Chat alerted the Trump SPAC news premarket this morning*…
  • Retail traders pile into Trump SPAC, sending it soaring over 350%…

Here’s how top traders find the hottest news that can supercharge stock spikes

Look at “failed businessman” Donald Trump’s SPAC today…

trump PUMP
DWAC chart, October 21, 2021 — courtesy of

Digital World Acquisition Corp. (NASDAQ: DWAC) had a massive short squeeze as Trump haters and short sellers tried to beat down the stock.

But retail traders piled in and squeezed the naysayers…

StocksToTrade Breaking News Alerts the Trump Pump

My favorite tool for spotting news nailed another huge alert. STT’s Breaking News Chat team alerted the SPAC news and premarket spike about an hour before the market open.

Never Underestimate a Pump’s Potential

Everyone thought DWAC was junk. So many people are saying that Trump’s a failed businessman with a ton of haters.

Value investors and big hedge funds probably thought shorting this was a sure thing…

Sound familiar?

That’s what they all thought about GameStop Corp. (NYSE: GME). Now, it’s still trading near $200 per share.

NEVER underestimate the power of hype, backed by retail traders, and a celebrity name.

Why Short Selling Is Dangerous

DWAC’s a perfect example of the dangers of short selling. Or being too biased and stubborn in a position.

Shorting’s such an overcrowded niche right now. Then they all get stuck and have to buy to cover to get out. Add in retail day traders chasing the action and you get a perfect storm.

It almost tempts me to get back in the short-selling game…

But I won’t. It’s way too risky. Trading the big mover isn’t the only way to play these massive movers…

Look For Sympathy Plays

There’s no way I was touching DWAC when it was up over 350%. So I did the next best thing and looked for sympathy plays.

I took a speculative trade in another media stock, Salem Media Group, Inc. (NASDAQ: SALM). When DWAC was trading near its highs, I took 5,000 shares of SALM at $4.08. I sold at $4.20 when I didn’t get the big bounce I was hoping for. And I made $585 in profits.**

There’s always a way to trade safely.

That’s what I teach students in my Trading Challenge. Apply for the Challenge today!

What do you think about the Trump pump and DWAC’s insane run? Leave a comment and tell me if you prefer to trade safe like me or if you got in on this crazy squeeze!


Tim Sykes has a minority ownership stake in

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Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

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