A lot of you guys still don’t get it.
The reason why I have so many millionaire students isn’t because I’m the world’s best trader—far from it.
It’s because I’m still in the trenches.
Most “gurus” aren’t active traders. And if they do trade, they trade completely differently than what they teach their students.
I teach people a process and strategies for building a small account.
I show them how to find opportunities and ways to play them.
Believe me…I’ve accumulated enough wealth that I never have to place a single trade again.
But how can I teach effectively if I’m out of touch with the market?
And show you where opportunities lie if I’m not searching myself.
Like the AI-themed play I had yesterday that delivered a quick 13% winner.
I’ll show you why I liked this play and how to find others like it.
Find Opportunities In This Market
My charitable foundation has me traveling all over the world.
I'm proud to announce that @karmagawa is now building homes for people/families in need, like this man who had been living for 30+ years in this hut without any walls! Now he has a solid house and roof along with a custom made xylophone that he loves to play! How cool is this?!? pic.twitter.com/FpxhC8drSg
— Timothy Sykes (@timothysykes) May 28, 2023
The fact that I’m in a position to give and help others is what motivates me.
But non-stop traveling can be tough, and I’m often unsure if I’ll have wifi, and if I do, will it be good enough to trade?
With just a laptop at my disposal, I don’t have screen space or time to open multiple browser tabs looking for news and trade ideas online.
That’s why I like to use this chat service for all my breaking news
It gives me real-time news and curates it, making it easier for me to make fast decisions.
If you’re new to trading, this tool is invaluable.
Because you will quickly discover what headlines move stocks, the hot themes in the market, and where traders are finding action.
That right there is super valuable.
As an experienced and profitable trader, I’m always looking for themes in the market.
Themes come and go…but the hottest sector today still is AI.
And while I don’t trade the “mainstream” AI stocks like NVDA, MSFT, and AI.
I will play the penny stock version.
My Play In AITX
Although I’m a short-term trader, that doesn’t mean I don’t look at the history of a stock.
For example, I believe it’s very useful information to know if a stock has a history of making large price spikes, as well as looking back to see how it’s reacted in the past after it issued a press release.
The Breaking News Team alerted me about this headline on Monday:
AITX’s Subsidiary, Robotic Assistance Devices, Prepares RADDOG™ 2LE’s Launch as Its Introduction on FOX Entertainment’s ‘Stars on Mars’ Approaches
Detroit, Michigan, June 05, 2023 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, along with its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) have announced that complete details, features, and specification of RADDOG 2LE will be announced the day after the quadruped robot premieres on the all-new TV series “Stars on Mars,” which will debut on FOX on Monday, June 5 (8:00-9:00 PM ET/PT).
Knowing that AI is the hottest theme, I felt this had a shot at going.
When I looked back at my charts, I saw that it was a former Supernova in 2021.
In fact, if you look at profit.ly, I’ve had a great deal of success trading the symbol, as well as, many of my students.
I knew the stock had a history of running…and it’s a symbol I’ve had success with.
Now, that’s all good.
But that alone does not justify a trade.
What I really liked about it was the company announced a catalyst.
Its robotic dog would appear on the new FOX show “Stars on Mars.” And that they would be revealing new details about their AI dog.
— Timothy Sykes (@timothysykes) June 5, 2023
I decided to get into the trade late on Monday at the price of $0.0119.
Which was off its morning highs of $0.0146.
I thought more people would see the news and possibly bid the stock up in the pre-market on Tuesday.
And my goal was to make a quick 10-20%.
The stock did gap up a little in the pre-market thanks to this news it had:
AITX’s Subsidiary, Robotic Assistance Devices, Unleashes RADDOG™ 2LE, the Robotic Dog for Law Enforcement Applications
Artificial Intelligence Technology Solutions, Inc.
Detroit, Michigan, June 06, 2023 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, along with its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) today announced that it is now accepting orders for RADDOG 2LE, the robot dog purpose-built for law enforcement agencies. Limited quantities are available as early as July 2023.
It wasn’t a massive spike, but it was good enough for me to get out at $0.0135, a gain of 13.4%.
Sometimes traders will hold to see how a stock opens up. I prefer to get out in the pre-market. It allows me to lock profits and gives me a chance at a potential re-buy if it sells off.
Look at things based on risk vs. reward. I liked this trade later in the day on Monday vs. trying to trade it early. If I am gonna take a trade in the morning, it will most likely be a panic dip buy.
I’m aiming for singles. I prefer to stack small wins vs. going for that one big trade.
Focus on high-quality setups, and don’t forget to cut losses quickly if a trade isn’t working.
Want to find plays like AITX?