How I Called the Perfect Weekend Trade: Key Takeaways
- Penny stock patterns repeat — learn this low-stress pattern now!
- I called out this pattern and potential trade days before it happened. Learn how you can get my next alert…
- Don’t miss this! Read to the end for a FREE video lesson…
My goal since I started teaching is to show students how to trade sketchy penny stocks safely. No, money doesn’t fall from the sky — and you must stay conservative with rules and patterns. Read on to learn more and see how I called a perfect trade last week…
Table of Contents
How I Called a Perfect Weekend Trade
I’m not trading much lately, and I’m trading EXTRA safe. I’m staying conservative and taking smaller positions. The week before the holiday, I made roughly $2,300 — probably the least I’ve traded in a year.
But trading isn’t about quantity — it’s about quality. Look for setups so good you can’t ignore them. Check this out…
Asia Broadband, Inc. (OTCPK: AABB) had all the indicators for a solid weekend setup…
- Upcoming news
- A potential buy the rumor, sell the news setup
- Crypto connection
- Former supernova
- Multi-day & multi-month breakout
Before I traded it, I called it out in a video lesson for Weekend Trader subscribers.
I thought it had more room to run in anticipation of their exchange launch…
And after a few big green days, the stock was closing in on a multi-month breakout level. That got my attention…
Details From My Perfect Weekend Trade
On Thursday, December 23, before the long holiday weekend, AABB consolidated all day. Then it spiked in the afternoon and had an intraday breakout. I bought 52,000 shares at $0.2748.
It continued to spike into the close and broke out to new multi-day and multi-month highs. That’s exactly the kind of price action I look for in an overnight trade…
But before the close, it met my trade goals. And since bitcoin (BTC) and crypto trade 24/7, and the stock’s news had a crypto connection, I wanted to take some risk off the table.
I sold 32,000 shares before the close at $0.292 and held 20,000 shares over the weekend.
On Monday morning, the stock gapped up, and I sold the rest of my position at $0.305, locking in $1,086. It was a nice and easy over-the-weekend trade. And again, I was overly safe taking off part of my position before the close on Thursday.
But that wasn’t the end of my AABB trades…
What Happened Next?
- It was the fifth green day of the run (as opposed to the first green day).
- The exchange was launching the next day.
- The news was already priced in.
But I wish I shorted AABB when I called the top. I opened a new account to be ready for these opportunities. I’m SO happy to finally be working with a quality broker — learn more and claim our special offers for YOU here.
Lessons From Nailing the Perfect Setup
This is the value of a quality trading education and why you MUST study the past.
Focus on penny stock repeatable patterns and capitalize on the BEST trades.
Watch this FREE video lesson for more examples of repeating penny stock patterns. Take notes! Trading Challenge students get these lessons two to three times per week…
That’s because Challenge students get access to my top trading education resources — video lessons, DVDs, live trading webinars, and my chat room. If you’re dedicated to learning the patterns and nuances of trading — apply for my Trading Challenge today!
Did you watch the FREE video lesson? What did you learn? Let me know in the comments … I love hearing from you!