Attention, traders who are struggling right now:
You’re not alone … And there IS a solution.
First of all, understand that Wall Street is scared stiff.
Look at the S&P 500 ETF Trust (NYSE: SPY) chart below. Every candle represents one trading day:
The U.S. stock market is on an ugly downward trajectory due to Trump’s sweeping tariffs on foreign goods.
There’s a recent news heading below:
There’s fear in the market. And it seems like this trade war could still be in its early phases. After all, Trump’s only been in office for a month.
However, amidst the overall market selloff … There are still strategic opportunities to profit for traders who sit in cash.
You just have to know where to look.
Like the 90% spike from 908 Devices Inc. (NASDAQ: MASS) yesterday. I traded the price action twice for profits!
Don’t get sidetracked by the larger market turmoil …
How To Find Trade Setups
There are two main tools that I use to find profitable stock spikes.
- StocksToTrade’s Breaking News service.
- It’s run by a team of Wall Street insiders who sift through news to alert traders when there’s a catalyst that’s worth watching. Then I wait for the stock to spike and follow my patterns.
- I wake up every morning and check the list of “Top % Gainers” on StocksToTrade.
- This is a stock scanner that I built into StocksToTrade. It looks for the biggest stock spikes every day. Then I look for the catalyst that caused the stocks to spike. And I search for trading patterns in the price action.
It’s a simple process to find the right stocks. But without the right tools, new traders are like newborn ducklings in shark-infested waters.
That’s also why I’ve said that trading is like going to war … The ones with the best tools usually win.
I was able to find the spike on MASS yesterday because it showed up on the “Top % Gainers” scan. In fact, it was at the top of the list.
Look at a screen shot below from yesterday’s scan:
I traded the intraday price action twice for profits.
Look at my notes below. My most recent trade is listed first:
How I’m Trading Right Now
You can tell from my trade notes, even I’m a little nervous.
The overall market weakness can trickle down to our low-priced niche.
For example, MASS spiked 90% on Tuesday morning. But in our niche, we’re used to seeing massive +100% runners. Even +200% runners are considered “normal”.
It might sound ungrateful, but 90% is kind of a measly stock spike …
As a result of the market weakness, I’m playing it safe.
I’m still seeing my patterns on the hottest stocks. But I’m cutting trades more quickly and I’m more judicious about which trades I take.
Look for my trade patterns on the market’s hottest stocks!
And stay safe in this market!
Cheers.
*Past performance does not indicate future results
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