It’s easy to pick any random stock to buy and hold, but if you’re aiming for real success, that’s not the strategy I’d recommend.
As we gear up for 2024, my goal is to ensure you’re better prepared than ever before!
I’m anticipating more opportunities like Wheels Up Experience Inc. (NASDAQ: UP) to pop up that you can take advantage of as early as next week!
Trading is all about knowing what to look for and UP was on the top stock for me and my students.
Want to know how I predicted UP was going to be one of the top plays yesterday?
Keep reading to find out!
Finding The Right Pattern
Most newbies often gravitate towards a “buy and hold” approach when it comes to trading.
However, it’s crucial to broaden your perspective, recognizing that trading penny stocks entails more than just buying and holding.
I want you to remember that these are penny stocks and 99% of them end up failing…
But just because they fail doesn’t mean they can’t be incredibly lucrative!
During my latest webinar, I provided my students with an abundance of information to make sure they were prepared to take advantage of yesterday’s opportunities.
Every day, I scan the market for big percent gainers that have volume, it’s a pivotal starting point for my trading strategies.
There’s no telling how long these stocks will run for, and I’m not trying to predict what may happen…
Instead, I’m focusing on the price action that’s right in front of me.
There’s a lot to think about when it comes to trading, but the more you practice and study, the better prepared you will be.
Let’s break down my latest trade on Wheels Up Experience Inc. (NASDAQ: UP) to give you a better understanding.
Understanding The Framework
All my students have a solid understanding of my 7-Step Penny Stock Framework.
It’s a crucial piece to the puzzle and it’s something every trader should grasp to gain insight into how these penny stocks work.
Here’s an example of what the framework looks like on a stock that goes Supernova.
Many of you already know this, but nothing is ever an exact science when it comes to trading.
Understanding the factors that can cause a stock to spike and identifying potential profit opportunities on both the way up and down is vital for improving your trading skills.
Before diving into my latest trade, let’s look at the stock UP and how I applied this framework.
Source: StocksToTrade
Do you notice where I labeled it with steps 1-5?
This helps me strategize what my next move should be to put me in the best possible position for success…
And the last thing you want to do is get FOMO and buy it on its recent run-up thinking it’s going to trend higher.
There’s one thing I do know, UP will eventually get to step #7, which is a long kiss goodnight.
Putting It Into Action
Spotting a big percent gainer is just one piece of the puzzle, the real key lies in understanding the right strategy for the situation.
With various strategies to choose from, I make sure to go into great detail with all of my millionaire students.
The longer a stock runs, the better the chance for it to panic. That’s why I prefer multiday runners over one-day runners.
To help you grasp this concept better, take a look at this older yet insightful video.
Now, I want you to look at where I drew the circles in the chart below.
Source: StocksToTrade
Notice the difference in how the stock panicked in the two right circles compared to the left?
As UP continued its upward trend, the panics in the two right circles became more apparent.
That’s what I want you to look for on these multiday runners, you want that steep sell-off first thing in the morning.
When I saw the panic early in the morning, I bought UP at $5.22 and sold it at $5.39 for a $765 profit. (Risked $23,490).
Source: StocksToTrade
After my first trade, I was waiting to see if UP could break through that $5 support level to give me another solid dip-buying opportunity…
And when I saw it, I decided to give my dip-buying strategy another try.
That’s when I bought UP at $4.86 and sold it at $5.10 for a $720 profit. (Risked $14,580).
These are the opportunities you need to take advantage of on these multiday runners because this is where the panics can become way more predictable.
In the coming days, another stock I want you to watch is Mawson Infrastructure Group, Inc. (NASDAQ: MIGI).
There are so many opportunities right now for you to take advantage of…
And you can make a great deal of money if you learn to MASTER just a few setups at a time.
One of my favorite setups to trade is the morning panic and my second favorite is this setup.
Don’t swing for the fences when it comes to trading and focus on what truly matters.
Have a safe and Happy New Year!
🎇Will you be ready to lock in an early win as soon as 2024 starts?🎇
-Tim
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