Most investors are keeping a close eye on key inflation data this week in hopes the Fed will take a step back from aggressively raising interest rates.
As many traders are worried about what the Fed will do next, I keep looking for as many trading opportunities as possible…
In fact, I have 3 stocks that I am keeping a very close eye on.
Last week we saw a decent bounce in the market, but the overall market couldn’t continue the momentum upwards and we are testing September’s lows…
Take a look at the SPDR S&P 500 ETF Trust…
Many traders are wondering where the bottom is…
But I am wondering what my next trade will look like.
I am focusing on the ability to adapt to whatever the market gives me, and right now I am focusing on these 3 key stocks…
If you are wondering what my plan of attack is before the inflation data is released, you’ll want to see what I have in mind…
Table of Contents
How To Trade In A Scary Market
In today’s market, I am just sitting back and riding the wave and taking whatever the market gives me.
It is important to understand that traders should never force any type of trade.
As a trader, you want to be…
When the market is on a constant downtrend, you may notice that there aren’t many great opportunities…
And that is perfectly fine because sometimes not trading is the best trade.
But you should never give up on scanning the market for any trade that fits your trading strategy.
You see, every morning I look for the same thing…
Which helps me prepare and review to see if any stock is worth trading.
As the market continues to remain volatile and we are still searching for the bottom…
I continue to stay on defense because the market can turn on a dime, this is why I always stick to my #1 rule and take quick profits.
Perfect Execution
With any type of trade, it’s all about perfectly executing it.
You never want to buy into a trade due to FOMO, or think that this may be a good time to enter…
It is important to prepare and meticulously set an entry and exit point for every trade you make.
I am looking for these stocks to do one thing in today’s market…
So let’s take a look at these two stocks I am waiting to pounce on when the opportunity is right…
FingerMotion, Inc. (NASDAQ: FNGR)
Pineapple Energy Inc. (NASDAQ: PEGY)
Both FNGR and PEGY are stocks I have been closely watching…
Why, well both of these have been big percent gainers over several days.
Every morning before the market opens, I go with the same approach to help find these big movers.
Both of these stocks fit in with my framework and I am just waiting for the opportunity to dip buy.
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How To Know When To Buy
Every trader doesn’t know when the perfect time to buy is, but you can make a very well-educated plan of attack as to what point is the best point of entry.
There are a lot of tools that go into trading to help you with your decision…
But there are a lot of things that it is difficult to share with you all in detail.
You see, all of my students need to study charts to help them better understand the process.
I want all of you today to continue to study and find these same opportunities that I am today!
Whether it’s a recent trade or stocks I am watching, I want to help you become a self-sufficient trader!
I Almost Forgot
Trading is never easy, and even I have taken it slowly over the last few days with the number of trades I am making…
And there is nothing wrong with that!
Most of you may not have traded in market crashes like this before, but I have…
That is why it’s important to be on the defense and cautious with your next trades…
So I want to be able to share with you what my next steps are.
I plan on being patient and waiting for the right opportunity to trade, and I already shared two stocks I am watching closely…
But this stock is reaching new highs, setting it up nicely for my next trade…
Make sure you are keeping a close eye on it!
Study up and stay safe!
Cheers,
Tim
P.S – In sports, defense wins championships. My defensive strategy has helped me feel like a champion in this crashing market.
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