Over the last few days, I’ve been asked a handful of questions from my students about my most recent trades.
Those questions ranged from…
How am I finding these plays?
How am I trading them?
Why am I trading them the way I am?
It’s all rinse and repeat for me and being in this industry for as long as I have, I’ve learned to identify what works.
So today, I’m going to answer those three recently asked questions to help you better understand what I’m seeing in this market…
And why I’m trading the way that I am.
Let’s begin!
Avoid Anticipation
In trading, one rule always holds true: adaptability is your greatest asset.
It’s easy to fall into the trap of trying to predict the unpredictable…
But that’s a game with no winners.
Avoid anticipation— instead, react to market movements. Refrain from playing guessing games. Ride the momentum and aim for modest gains.
— StocksToTrade (@StocksToTrade) October 4, 2023
Trading isn’t about luck, it’s about meticulous planning…
And in this market, you shouldn’t be looking to make record profits.
Right now I’m not making record profits, my millionaire students aren’t making record profits.
There’s so much you can learn from this market…
And I’m still learning every single day….
Yet most newbies anticipate that trading is going to be easier than it is…
And they refuse to change their strategy based on what the market gives them.
Every day I’m adapting to what the market gives me…
And in doing so, it has helped me find some of the best plays out there.
Let me show you how.
Finding The Right Play
I’ll keep saying this until I’m blue in the face…
Every day I’m looking for big percent gainers…
And they need to have volatility, volume…
And preferably, have a news catalyst.
When I see those types of opportunities, I ask myself…
How far can it go?
Over the last several days, StocksToTrade Breaking News has been red hot for me and that’s where the majority of my trades have been coming from lately…
Yet, every time I bring this up, 90% of traders ignore me.
StocksToTrade Breaking News has single-handedly changed my entire trading approach…
And every time they alert me, I’m trying to see what catalyst is working best and I try to take advantage of those opportunities.
You need to learn in real-time, you need to see the breaking news happen, see how the stock reacts, and then you can start to plan around that.
Patterns repeat…
History repeats…
More Breaking News
- Opendoor Technologies Rockets on Surpassing Revenue and Market Anticipation
- Redwire Corporation Sees Another Surge Amid Key Defense and Tech Updates
- Elevation of Everus Construction: Strategic Moves and Financial Gains
- FSK Stock Faces Pressure as Mixed Earnings Highlight Challenges
Let me show you what I mean by diving into a few of my most recent trades that had all of the same news catalysts to give you a better understanding of what I’m talking about.
Why These Trades Were Gimmies
Let’s take a look at AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI)
This was a patent news play that I traded last week…
And I was in and out within a couple of minutes.
Source: Profit.ly (Risked $3,340.50)
Here’s the chart…
But before I dive into the details of things, let me show you two more…
Near Intelligence, Inc. (NASDAQ: NIR)
Source: Profit.ly (Risked $2,737.50)
Here’s the chart…
Now let’s look at one more, DMK Pharmaceuticals Corporation (NASDAQ: DMK)…
Source: Profit.ly (Risked $5,365)
Here’s the chart…
Do you notice something similar between those three charts?
They all had the same StocksToTrade Breaking News alert about patents…
Same price action…
And by the time I traded ARGI at the end of last week, I realized how these patent plays were playing out.
Listen, I don’t care one bit about these companies, I just care about the price action…
And I knew I had to get in and out quickly on ARGI because it was the same exact pattern as DMK and NIR!
Looking at these three charts you can see how quickly they spiked up, but then immediately came crashing back down…
Knowing this, I knew I had to be very meticulous with my trade and not look to overstay my welcome.
It blows my mind that traders don’t study historical chart patterns and I knew I had to go back and review other charts because I’ve seen this type of news catalyst before.
Most newbies who enter a trade wonder why they lost money while other traders made money on that same exact play…
And most likely because those traders are more experienced and know what to look for!
You need to use the tools I give you so you can learn along the way!
Not all spikers are created equal.
If you go back and look at some of my other trades, you’ll see some examples where StocksToTrade Breaking News alerted users about Stevie Cohen.
The price action associated with those news catalysts acted the same way, but it was different from the patent news alerts I just shared with you a few minutes ago.
Just take a look at…
- Bionomics Limited (NASDAQ: BNOX)
- Cybin Inc. (NASDAQ: CYBN)
When you look at those, you’ll see what I’m talking about.
BNOX and CYBN spiked higher after a couple of days, but not as quickly as the other three stocks we just reviewed.
So when I’m finding these StocksToTrade Breaking News plays…
I’m looking to see if there have been similar alerts out there to see how those stocks have reacted to the news….
And then I develop a trading plan around what the other chart patterns are showing me.
I’m not going to be around forever to help you every step of the way…
I want you to learn how the market works, and why these stocks act the way they do.
Here’s a video lesson about the top 10 lessons I’ve learned over the last 25 years.
Many of my students are attending these LIVE trading sessions to help them better understand what the markets are doing.
So let’s all kick start the week off right and I’ll be sure to alert you in chat based on what I’m seeing.
Stay safe.
-Tim
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