Are you trying to capitalize on fast-moving stocks but don’t have the time or tools to monitor your positions effectively?
Do you feel overwhelmed by the number of variables in play when trading ultra-volatile stocks?
If so, rest assured—you’re not alone.
Many newbie traders find themselves unable to keep up with fast-paced stocks and lack the emotional capacity to handle the up-and-down swings.
If that sounds like you…I want to show you a different kind of setup.
It moves A LOT slower…and is not nearly as stressful.
Plus, if timed correctly, it could potentially deliver some pretty awesome returns.
I’ll show you a recent example of where I booked profits off it…what to look for… and why I LOVE trading setups like this when I find them…
The Perfect Setup
You’ve probably noticed a shift if you’ve been following the market closely. In January, stocks rallied hard, and catalyst plays were everywhere.
Now that things have cooled off, trading action has become much choppier.
Which tells me I need to pump the brakes and wait for quality setups.
You see, I don’t need to trade. And a lot of times, I don’t want to trade.
I will trade if there’s a play so GOOD I’d feel guilty for missing it.
And that’s exactly what I came across on Monday in the ticker symbol GLYC.
But this wasn’t like the fast-moving catalyst plays I like to trade. And since those plays haven’t been working recently, I was open to giving GLYC a shot.
What Compelled Me To Take The Trade
The one thing that stood out when I looked at the GLYC chart was its strong upward trend.
To best be able to see it, you need to STEP OUT. Most day traders focus on 1-to-5-minute charts, which is perfectly fine if you’re scalping.
But this isn’t necessarily a scalper’s trade.
You see, what really drew me towards GLYC was its multi-week and multi-month breakout. And to know that, you’ve got to look at daily and weekly charts.
Now, you don’t have to be a world-class chart analyst to know that it is a bullish-looking chart.
I also liked that it was grinding higher into the close, making me believe the breakout could continue into Tuesday.
So I took the trade on Monday afternoon, entering in at $3.67. It did continue to breakout on Tuesday, hitting $4.13 within the first hour of trading, nearly 14% above my entry price.
Unfortunately, I am currently in Asia doing charitable work, and my WIFI connection is spotty at best, which makes trading challenging. I wasn’t sure I’d have the internet on Tuesday, so I exited the position on Monday for a small profit.
Nonetheless, the play worked out. Some people might give me a hard time because I didn’t crush this trade.
But like I said, I trade to teach. And as far as I know, no one has created more millionaire traders than I have, 32 and counting.
My job is to teach you how this works…not for you to build a dependency on me. If you want to take it to the next level, you must become your own trader.
Breaking It Down
- Look for stocks that are experiencing a strong uptrend
- Check out the charts on multiple time frames, daily, weekly, and monthly
- Find stocks that are breaking out
- Try to ride the wave
Another thing about the GLYC chart, the stock was strong in a choppy market. That typically gives me more conviction because it is bucking the trend. Imagine if the market was strong, it probably would have ripped significantly higher.
Right now, trading has become more difficult. And that’s why I stress patience and discipline.
If you’re struggling to find quality setups, I invite you to join my team on Friday, February 17th starting at 8 AM for a live special event called Master Algo.
All you have to do is click here to register, and your virtual seat will be secure.