Every day the world continues to spin, and everyone adapts to what the universe may throw at them.
Back in 2020 during the pandemic, everyone was adapting to a different lifestyle than before…
The same thing happens within the trading world. We notice different fundamental shifts that happen in the market and we have to change the way we trade.
Just because the market is down double digits this year, it doesn’t mean that there aren’t any amazing trading opportunities out there…
I have been able to spot them, have you?
If you are unable to spot these opportunities, I want to share with you what my approach is every morning…
Plus I am very excited to share with you what big thing is about to happen in this market that you DEFINITELY don’t want to miss!
Table of Contents
Power Of A Short Squeeze
Short squeezes are triggered when short sellers trigger a rise in price on a stock that is being heavily shorted.
When this happens, this can send the stock parabolic.
Whenever there is a short squeeze, I tend to remember the stock forever…
Over the last few months, you may have seen a few recent short squeezes that sent a stock skyrocketing higher.
Don’t remember? Here are just a few…
- AMTD Digital Inc. (HKD)
- Bed Bath & Beyond Inc. (BBBY)
- Magic Empire Global Limited (MEGL)
But just recently, we just saw another short squeeze in Intelligent Living Application Group Inc. (NASDAQ: ILAG)
Notice that there was also a significant increase in volume, which helped propel this stock even further.
Short selling can be very risky and get you stuck into a trade where you can’t get out…
But finding them at the right time can be really profitable for a trader.
So how do I find these types of plays? Well, these are some of the key indicators I look for…
There may not be a short squeeze every day that sends a stock supernova, but I continue to keep an eye out for them every day as part of my trading plan.
Even though I am not seeing a short squeezing frenzy coming up, there is something way bigger about to happen…
My Key Indicator For Success
No matter what is happening in the market, there will always be a stock that is green on the day.
I want everyone who is reading this today to focus on this indicator, no matter how long you have traded for.
Why? Well, because it can open up endless opportunities for traders to trade my favorite pattern.
There is nothing wrong with being basic and trading the same pattern over and over again, especially if it works.
If it isn’t broken, why fix it?
This isn’t about how unique your trades are, it’s about finding a way to continuously add money to your wallet.
In my recent trade, I was able to 5.58% on this simple pattern.
Enzolytics Inc. (OTC: ENZC)
Here you can see ENZC was a multi-day runner, were you able to spot it?
As the stock continued its run-up, I was waiting for a big panic where the stock sells off from its high…
Setting up for a perfect dip-buying opportunity.
With every dip-buy, you need to make sure you still understand and still focus on the technical analysis as to where the stock may bounce…
Just because a stock falls it doesn’t mean you should instantly buy, you want to make sure you are finding the right price to enter your trade.
If you are guessing when to buy, you may be buying at the wrong time and it could result in a losing trade.
ENZC was only one big percent gainer that caught my eye this week…
And I am currently watching several other stocks that may have some big opportunities…
- FingerMotion, Inc. (NASDAQ: FNGR)
- Global Tech Industries Group, Inc. (OTC: GTII)
- SOBR Safe, Inc. (NASDAQ: SOBR)
More Breaking News
- CAR Group Stock Rises 4% Amid Positive Market Developments
- EON Resources Sets Ambitious Expansion Plans Amid Oil Price Hedging Moves
- Bitfarms Stock Slides After Geographic Expansion in Latin America
- Riot Platforms Faces Unexpected Loss Amid Revenue Growth
And that’s not all, I am still closely watching these 6 other stocks!
Closing Thoughts
As humans, we all make mistakes but there is one thing we can do about it…
And that is to learn from them so we don’t make the same mistakes again.
Over the last 20 years, I’ve made several mistakes that I learned from and it’s helped me become the trader I am today.
2022 has been a rollercoaster of a ride, especially with market volatility and inflation causing so much pain for many.
As the market continues to struggle, many traders are questioning where to go from here…
On October 26th I am holding an emergency broadcast with my friend and Lead Trainer with StocksToTrade, Tim Bohen to discuss how you can trade these Red-Day Moonshots that have exploded over 100%!
Back in August, I mentioned how that month was primed for Supernovas, and boy was it! Did you miss out on those huge opportunities?
If you did, I hope you learned from that mistake, and be sure to see what these Red-Day Moonshots are all about!
Did I mention this is absolutely FREE? I don’t want to be the one to say, I told you so…
Leave a reply