I told you to watch for this price action …
We look for the same trade pattern every Friday.
And sure enough, last Friday I found exactly what I was looking for. Laser Photonics Corporation (NASDAQ: LASE) fit my Friday strategy perfectly!
Take a look at my trade notes below:
You don’t need to trade all day every day.
A trader can pay attention one day a week during the hottest times to trade and it can make ALL the difference for their account.
Take a look at the LASE chart from last Friday to Monday…
For new traders, this price action might look random.
Not true …
This stock followed my exact pattern for Friday runners.
And this coming Friday I’m looking for the same setup!
Join my LIVE Thursday tutorial at 6 P.M. Eastern to ensure you’re prepared for this Friday’s volatility!
In today’s post I’m going to show you exactly where I bought and sold this stock.
It’s a great example before we go over the whole setup on Thursday evening.
My LASE Trade
This Friday’s chart will probably look different from LASE’s.
But we’re focused on a very specific part of the move. Within the intraday price action, I’m waiting for a consolidation after the stock has already proved that it can spike.
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Plus, I like to see a bullish catalyst pushing the price higher.
In the case of LASE, the stock just regained NASDAQ compliance on September 5.
You can see my trade overlaid on the chart below. Every candle represents one trading minute:
Obviously, I sold too soon.
That’s no problem, I’m not trying to catch the move perfectly.
My goal is to stick to the rules and make a solid trade!
Small gains add up. And the stress of trying to time it perfectly isn’t worth it.
Follow the pattern that I outline in this Thursday’s LIVE trading tutorial. We’re meeting at 6 P.M. so that it doesn’t conflict with the market.
And this way, you’ll have everything that you need to capitalize on Friday’s price action.
>> Reserve your spot for the Thursday live stream <<
I’ll see you there!
Cheers.
*Past performance does not indicate future results
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