🤑 Is This What Your Monday Feels Like?

By Updated on August 22, 2023

🤑 Is This What Your Monday Feels Like? Thumbnail

Most people dread Mondays when the morning alarm bell rings…

For them, it means getting up for a job they loathe and a wage that seems too low.

If that’s you, I want to help you change that.

You see, my Mondays feel different.

I’m usually smiling from ear to ear.

Why?

Because I’m looking to take profits from my weekend trade. 

And that’s typically before most traders figure out what they will be trading for the day.

It happened yesterday in the ticker symbol TUP, a stock up by more than 20%.

I’ll show you how I spotted it on Friday and why this was such a predictable pattern to trade.

Focus On Multi-Day Runners

Source: StocksToTrade

I’ve had Tupperware (TUP) on my radar for several weeks now.

Why?

Well, a few reasons.

  1. Overly-aggressive shorts in the symbol
  2. Multi-day runner
  3. Momentum meme stock

The stock went from $0.90 to $7.25 last month.

However, it has been in a sell-off since the first week of August, when it went from that high of $7.25 to around $2.

But last Friday, the stock started picking up momentum again.

I liked where it was trading because all the weak-handed longs were out. And the stock was establishing a good base.

What made me believe that?

Well, it tried to bounce in the $3ish range and then sold off again. This drew in more shorts and got whatever remaining bagholders left out.

That said, it tried to spike on Friday in the pre-market, and it looked shaky.

However, as the day progressed, it established an excellent base, around $2.50ish.

Source: StocksToTrade

It was up around 30%…

And mind you…there was no catalyst or news.

My thinking was it could get to the $2.70s by Monday…

And it would either stall out there…or move to the $3s.

The risk vs. reward made sense…so I got long at $2.50.

How It Played Out On Monday

The market has been shaky lately, but we’re a little oversold.

And although I don’t trade “market” stocks…I know that speculative stocks struggle during sell-offs.

With the futures up on Monday morning, I knew I had a good shot at taking profits on TUP.

The stock was $2.89 in the pre-market, but unfortunately, due to my hectic travel schedule, I was not up to take profits.

Nonetheless, I was able to get out of the trade in the $2.60s…had I been more patient I would have seen the stock go in the $3 range.

The Difference Between Pros & Newbies

I’m not one of those traders who will buy a stock and hold it for a few days. I just don’t have the patience to do that.

That said, the TUP trade isn’t over for me.

There’s a very good chance I trade it today or tomorrow.

You see, when I’m in a trade, I focus very much on my risk.

For most newbies, the only thing they think about is making money.

And that’s why most traders lose money.

I look at situations and setups. I will like a symbol but will only consider it worth a trade if it’s trading at the right price.

What Is The Right Price To Buy and Sell?

Finding the right symbols to trade is only part of the challenge in trading.

Real success comes from your execution—the ability to get in and out while exposing yourself to minimal risk.

If you’d like to learn more about how I’ve managed to do this and train over 30 of my millionaire students…you’re in luck.

All you have to do is sign up for one of our zero-cost training workshops.

CLICK HERE TO GET STARTED TODAY. 

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Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

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