Before I jump into it today, I want to remind you that tonight I have a special webinar with my millionaire student, Matt Monaco. It’s all about a massive catalyst in the crypto market, and how you can potentially capitalize on it. Make sure you’re registered.
All 3 major indexes were pummeled yesterday, plunging more than 3% due to hotter than expected inflation numbers.
This was the worst trading day since June 2020.
You may ask, Tim, what is going to happen next?
Trying to guess what will happen next is a fool’s game.
The recent rate hikes done by the Fed haven’t been able to curb the red hot inflation in our country…
August’s CPI numbers came in at 0.1% and rose 0.6% month-over-month.
Despite the whirlwind of a market, I am still sticking to my bread and butter patterns which work regardless of the overall market’s performance.
Table of Contents
How I Find Trades On Any Given Day
Trading isn’t an exact science as anything can happen after you place a trade.
We never know what the future will bring, but you can better prepare for what may happen down the road.
For example, maybe you are planning to buy a new house…
But there are a lot of things you need to prepare for before you choose a new home.
You need to save money for a down payment, it needs to be in the right location, the right model, etc.
Everything you are doing is preparing you for that final day you go to close on the house.
The same concept applies to trading, I make sure that I’m prepared before every trade and I know what my end result is…
And my end result is to make money and lots of it. Isn’t that your goal, too?
Every morning before I place a trade, I am always looking for big percent gainers.
There are so many advantages to having a small account and looking for these stocks early in the morning.
Many of my top students have started trading with less than $5,000 – $10,000 and applied the same process that I am sharing with you today!
Stocks that are spiking, have high volume, and are volatile can create several opportunities.
Not Every Trade Is Perfect
Every trade doesn’t necessarily need to play out the way that you planned for it.
Being adaptable to what the market throws at you is going to be critical to your success.
ILUS International Inc. (OTC: ILUS)
In my most recent trade, I was able to profit nearly 4% on a trade that didn’t play out the way I expected.
The reason I am profitable on over 77% of my trades is that I tend to take quick profits, but also learned to cut losses quickly.
All of my trades are relatively quick, I don’t like to trade a stock and hold onto it for a long period of time, regardless of the outcome.
ILUS was a classic morning panic dip.
Below you can see that ILUS was a big percent gainer on September 12th, 2022.
Looking for big percent gainers every morning helps you better prepare for your next step.
After recognizing the big percent gain, I was prepared the next morning for the stock to panic.
This is typical with OTC stocks, so when the market opened, I got the panic I was looking for.
I was able to meticulously plan my entry into this stock by looking for a key support area.
In this yearly chart below, you can see that the $0.10 mark has acted as resistance for a while, but the stock broke through the multi-month resistance on September 12th.
I was planning for the stock to rebound off of this key level to maximize my profit.
So even though I was on the right track with the trade, I sold too early…
I expected the stock to move between 5%-10%, but given the trend of the overall market, I decided to take a quick profit.
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Ideally, I was expecting a bigger bounce sooner, but as I am very conscious of most of my trades, I would much rather take a quick profit than lose money.
What’s Next?
I like to keep things simple when trading, this is why I continue to use the same basic fundamentals for each of my trades.
As you start your trading journey, I want you to ask yourself are you able to find these big percent gainers?
Are you able to identify these morning dip buys and find an entry and exit point?
All of these things are important for you to study and practice so it helps you continue to grow.
I was never perfect when I started trading, and neither were my millionaire students…
But what I can tell you is that if you continue to practice and recognize these patterns it will help you become more of a self-sufficient trader down the road.
There are many different things to trade, but I am most comfortable with penny stocks.
Many of you may have remembered when I predicted August to have several Supernovas, and boy was I right…
So if you missed that opportunity to profit from all of those supernovas, you want to be sure not to miss this FREE event that has only happened THREE times in history!
Is it the next possible millionaire-making event?
Don’t be the one to miss out!
Cheers,
Tim
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