As we prepare for another trading week, many traders are waiting to see what the inflation data will bring.
You can take that data for what it’s worth, but I know that I am going to continue to focus on the best possible setups I can find.
As a matter of fact, I have several trades that I currently have my eyes on!
Yes, there is still uncertainty in the market, but the best thing about penny stocks is that it doesn’t matter what the overall market does…
So if you are still struggling to find stocks in this down-trending market, and you want to know how I am still profitable…
You’ll want to hear what I have to tell you today!
Be sure to check out what I am watching and learn how I plan to tackle these trades…
Table of Contents
Learn The Process
Early in your life, everyone had to study their way through school to achieve the degree they desired.
The same thing goes with trading, you need to study and understand the process from the very beginning.
You will not become an expert trader overnight and certain individuals may learn faster than others…
That is all perfectly fine, all of my students became millionaires in a different amount of time…
But the one thing that matters is that they achieved their goal!
The more familiar you become with the trading process, it can help you take your trading to the next level.
It all depends on how dedicated you are to learning and understanding the framework that I live and breathe every day…
If you’re ready to continue your education, it’s time to follow these three simple steps!
Follow These 3 Steps
There is always more someone can learn, it’s a part of life…
But there are three key things I want all of you to keep focusing on in this market.
Over the last few weeks, I have mentioned one particular stock that has been on a giant upswing…
This brings me to my first step…
I feel like a broken record repeating this, but it is incredibly important for all of you to look for big percent gainers.
This is what I do every morning when I prepare and here are some stocks I currently have my eye on…
Global Tech Industries Group, Inc. (OTC: GTII)
FingerMotion, Inc. (NASDAQ: FNGR)
More Breaking News
- Bitmine Immersion Technologies Stock Plummets Amid Bitcoin’s Weekend Sell-Off
- Butterfly Network Boosts Digital Healthcare with Government Approvals
- CBIZ Momentum: Financial Guidance Sends Mixed Signals
- Redwire Corporation Sees Another Surge Amid Key Defense and Tech Updates
Top Ships Inc. (NASDAQ: TOPS)
Do you all see the similarities in these three charts?
They all spiked up at the end of September in a very similar fashion.
These types of patterns can set you up for so many other opportunities, so don’t feel that you have missed out!
But if you were able to detect these stocks prior to their upswing, you were able to profit quite nicely!
Sometimes these moves are caused by breaking news, or they can just simply be being pumped up by promoters…
Which can help stocks move through key levels, which brings me to my next step…
Look For A Breakout
It is important to know where all key resistance levels are.
Why? It helps you get a better understanding of how the stock may perform…
Or if it is a good place for you to enter or exit a trade.
What do I mean by this?
Let’s take a look at GTII…
Here you can see a key resistance level for GTII, which had trouble for several months to break out.
Eventually, the stock got enough volume from promoters and it broke through that key resistance level…
And it was off to the races!
I knew once it broke through that key resistance level, it could possibly create a lot of great trading opportunities.
That is why it was on my radar and has been for so long…
But it’s important for every trader to be able to put the pieces of the puzzle together.
If you are only able to follow a few key steps, you are missing a major link to your success…
So it is important to understand what I am about to tell you next…
Understanding The Process
Understanding how the overall process of how these stocks work is going to help you with your success.
I have missed several of these big percent gainers and I never regretted it one bit!
It’s all about perfecting this process and nailing your trade!
Let’s take a look at FNGR
Notice how these have several dip buying opportunities over several days in this chart?
These are multiple opportunities that I was able to spot, thanks to my pennystocking framework.
I designed this tool to help new traders understand the pattern of how these stocks can perform…
Which has helped make them so predictable!
I will continue to watch for big percent gainers and trade them as long as I can, but all good things come to an end sometime…
So once the trades are done, I will add them to my watchlist for future trades.
As I always say, history likes to repeat itself!
One Last Piece Of Advice
I want to stick to stocks that have the most predictable setup, I don’t want to be guessing what my next trade will be…
Don’t trade stocks based on your “gut” feelings, or chase based on FOMO…
That is never the right approach…
Make trades based on technical analysis and understand the process!
With GTII being a recent supernova, I want to be sure you don’t miss out on the next!
Having the right tools and understanding the process from start to finish is going to help you excel as a trader.
Continue to study and be sure not to miss out on any trading opportunities!
Until next time…
Cheers!
Tim
P.S – Are you still hesitant about knowing when to buy or sell? Try this one simple step to boost your confidence!
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