Trading is not just a gameā¦
Itās a psychological battle against the marketā and yourself.
Trusting the process is vitalā¦yet often elusive.
Patience is your companion, the quiet force guiding you to wait for the right moment.
Logically, it makes sense.
However, we have this incredible urge inside us to go out and trade, and try to make something happen. We sometimes want to make money so badā¦that we force trades.
Which usually ends with pain and regret.
Remember LIFWās wild ride from $3.05 to $17.48?
Sureā¦it was an epic short squeeze. But what if I told you there was a cleaner trade, more calculated, and incredibly lucrative?
Iāll show what that trade was, how it was responsible for one of my best trading days of the year, and how you can potentially take advantage of this recurring setup.
Table of Contents
One Of My Best Daysā¦Despite Difficult Conditions
Believe it or notā¦some of my best trading days occur when Iām jet lagged and sleep deprived.
Monday was no different.
If youāve been following me on social media then you know Iām in Japan right now.
Not only did I get a chance to meet up with one of my first millionaire students, Michael Goodeā¦
Finally catching up with my first-hater-turned-millionaire-student-turned-first-co-mentor in the https://t.co/occ8wKmT5U the man himself @goodetrades here in Japan! Awesome to hear heās having a record year with solid risk management tooā¦please retweet this & congratulate him! pic.twitter.com/Gx72XyM2Xs
ā Timothy Sykes (@timothysykes) November 5, 2023
But I got an opportunity to meet up with my inner circle student Cameron and his wifeā¦
The first of many new https://t.co/1xJmEobXws students to get treated to a free all expense paid tripā¦welcome Cameron & his wife to Japan! Itās 2:52am so Iām gonna sleep for 2 hours then give a webinarā¦how bad do you want success/how hard will you push yourself to achieve it?! pic.twitter.com/BIg23PcVlM
ā Timothy Sykes (@timothysykes) November 6, 2023
If you havenāt heard about my inner circle yet, you can learn more about it here.
So yeahā¦I havenāt gotten tons of sleepā¦but that actually works in my favor.
Why?
Because Iām not in a rush to trade.
Moreover, it allows me to focus and wait for the absolute best setups to trade.
And thatās what happened on Monday.
Was This A Cleaner Trade Than LIFW?
I actually didnāt trade LIFW on Mondayā¦however I did have it on my radar.
In fact, days before the epic short squeeze, I made an entire video about it.
It rallied by more than 1,000% from when I first got in earlier in the month.
But despite not trading it on Mondayā¦I was able to get in on the action via a sympathy play.
What Is A Sympathy Play
A āsympathy playā is a term for stocks that catch the momentum of a leading stock within their sector or sharing key traits.
These āsympathyā stocks often trend alongside the primary mover, reflecting sector-wide investor sentiment.
Take the meme stock mania of 2020: one stockās gain would typically buoy others in its wake, demonstrating the phenomenon. In the crypto stock rally of 2021, a single stockās positive news could trigger a widespread surge.
While this dynamic affects both positive and negative news, the initiating stock usually experiences more intense volatility compared to its sympathetically moving counterparts.
So what was the sympathy play for LIFW?
Was CANO A Better Play Than LIFW?
I traded the ticker symbol CANO twice on Mondayā¦making solid gains each time.
Why did I trade it?
Because I got a StocksToTrade Breaking News alertā¦ It turned out that CANO had a 60% stake in LIFW. In other words, the higher LIFW went upā¦we should see some upwards movement in CANO.
And thatās exactly what happened.
I got a chance to trade it on a panic dip buy againā¦
Source: etrade
At one point the stock was up over 50%ā¦
Now, I didnāt nail the entries or exitsā¦
But when a stock makes such an impressive moveā¦you donāt have to be perfect to profit.
And you know what else?
Traders are constantly looking for sympathy plays.
Why?
Because if something recently workedā¦they are trying to replicate that success.
Theyāre always trying to find connections and take advantage of similar situations.
Thatās why Iām constantly telling my students to study hard.
Ready to Uncover the Psychology Behind the Trade? š§
The trading world is more than just numbers and charts; itās a mental arena where patience and strategy reign supreme.
Remember the wild LIFW rally from $3.05 to $17.48? That wasnāt just luckāit was a psychological mastery and a perfect demonstration of timing and market sentiment understanding. š
š„ What if you could spot a ācleaner,ā more calculated trade, just like the CANO play I mastered for a massive win, even under sleep-deprived conditions?
š„ What if you could learn to harness the power of sympathy plays, riding the waves of market momentum for your gain?
š Too many traders force the action, resulting in loss and regret.
But you can shift the odds in your favor by learning to wait for the right moment, just like I do, even when every fiber of your being urges you to trade.
š Join us for our next live training where Iāll break down my trades, reveal the secrets behind successful sympathy plays, and show you how to patiently pull the trigger on trades with the highest potential.
š Gain exclusive insights into actionable strategies that work in todayās complex market.
š Watch over my shoulder as I analyze the market in real time and teach you to profit from the psychological battles of trading.
Are you ready to learn the art of patience and strategy in trading?
To capitalize on market movements and develop a mental edge over the competition? Your chance to be part of my inner circle of traders is just a click away.
Take the next step in your trading journey. Learn the ropes of winning psychological warfare in the markets. Your spot at my live training is waiting. š
Leave a reply