A lot of traders may think I have an unfair advantage in finding stocks every day to trade…
But that is far from the case.
Each day before the market opens, I continue to look for the same thing that fits my trading strategy…
And that is only half the battle.
Once you find a stock to trade it doesn’t mean it’s an automatic buy…
You need to look at other scenarios to make sure all the pieces fit together.
Take an NFL quarterback, for example, they may have a receiver wide open…
But that doesn’t guarantee they will catch the ball.
The quarterback needs to perfectly time their throw and precisely hit their target for them to catch the ball…
One wrong calculation and the play is dead.
The same thing happens with trading, just because you see an opportunity, you need to precisely know how to execute that trade.
All of my millionaire students started with small accounts and studied these plays over and over again…
Just like any NFL quarterback would practice those plays over and over again…
So today, I want to share with you what stocks I am closely watching and how I am surveying the field before I make any trades.
Table of Contents
Keeping Things Plain And Simple
In your everyday life, how often do you repeat the same thing over and over again?
Maybe you have the same morning routine of getting out of bed, showering, making coffee…
Or maybe you cut your grass the same way every time or have a set schedule to exercise.
We all follow the same routines every day, but many of us don’t think about it half the time, it just comes naturally.
The same thing happens every morning for me while trading, I look for the same thing over and over again…
And after time it will become a part of the normal routine for you.
The reason I focus on these big percent gainers is that it helps paint a bigger picture of what I am looking for.
These penny stocks tend to follow a specific framework and if all the pieces fit together correctly, it can open up a world of possibilities.
Top Opportunities You Should Watch
Just because a stock is a big percent gainer it doesn’t mean you should just buy and chase it…
There are a lot of things that need to be considered before you place a trade.
Maybe the stock is testing a key resistance area…
Or the stock has already been a multi day runner…
Or maybe the stock is just fading as the day goes on.
You want to get the big picture before you place any trade, and that is what I want you to look for in these key opportunities I am about to share with you.
Cosmos Holdings Inc. (NASDAQ: COSM)
COSM caught my attention because it was a big percent gainer, but looking at this chart, what do you think is the best approach?
First, I am going to look for a key resistance area to help me determine what my next steps are going to be.
Here I can see that there is a multi month resistance just above $0.32, but there is significant volume that is helping push this stock higher over the last few days.
Below you can see that the stock briefly touched just north of the $0.32 mark, but came back down and it’s started to retest the previous high of day.
Looking at this chart and seeing that it has been a multi day runner, I am waiting for a big intraday panic, especially as it is testing a key resistance level.
I am not looking to go long on this stock as it has been running over the last several days, but if it has the volume to break through and holds…
It may change my trading decision from dip buying to buying the solid breakout.
Cloudweb, Inc. (OTC: CLOW)
Below you can see that CLOW has had an incredible run over the last few days, but this is where I urge traders not to chase!
These multi day runners are something I’ll keep on my radar and wait for that perfect opportunity to dip buy.
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Having A Game Plan
At any moment you never know when any of these stocks you are watching will play out the way you expected them to…
That is why it’s important to always have a game plan every morning for when you trade.
I don’t just look at a stock once a day, but multiple times a day to make sure that I don’t miss out on the opportunity I was waiting for.
Unfortunately, there have been a lot of trades that I have missed, it’s part of trading.
The market isn’t hot enough yet to be aggressive on stocks that are trying to spike, so I am preparing to dip buy on these recent runners.
Remember, the market can change at any moment and other opportunities may open up sooner than expected.
So be prepared and study up!
Cheers,
Tim
P.S. – There are over 16,000 stocks out there for you to choose from, and finding the next big play can feel like you are trying to find a needle in a haystack. We all want to be ready for the next big opportunity and here is how one man’s mistake is opening up the door to windfall profits for traders.
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