This isn’t your ordinary market…
It’s a goldmine for penny stocks and swing trades, brimming with opportunities.
But the real question is, how do you navigate this abundance to maximize gains?
I’ll give you the three steps that can guide you each day…and help you harness the market’s full potential.
And there’s one step, in particular, you can’t afford to miss.
It’s how you could’ve found Invivyd, Inc. (NASDAQ: IVVD) before it had a 75% gain!
Learn the indicator that Matt Monaco uses to separate the breakouts from the fakeouts … He’s going live to show it to you today! Sign up now so you don’t miss it!
Three Steps To Follow Each Trading Day
Invivyd, Inc. (NASDAQ: IVVD) spiked over 150% yesterday. But it wasn’t on my radar in the morning…
And it probably wasn’t on your radar either.
It wasn’t a big percent gainer like we look for every day. But it did have news…
It just reacted late to the headline. (Probably because it was lame COVID news.)
But we want to focus on trading the ticker like the golden boy Tim Grittani says. So here are three ways you can do that…
Have a Process
Every morning you’re going to come across a lot of big gainers to sift through. So you need a selection process to pick the best stocks that suit your trading style.
I like stocks that check the boxes like:
- Low float
- News
- High volume
- Float rotation
- Big premarket gainer
- Chat pump
Then I look for a stock that’s holding its gains and setting up a pattern so I can…
Make a Trading Plan
Every trader needs a trading plan for every single trade.
The first step of any plan is to determine how much you’re willing to risk on the trade.
When calculating how much you want to risk, look at support levels on the chart, and consider your position size.
Next, you need a goal for your trade. I like to have a risk-to-reward ratio of three to one.
If you’re risking 50 cents a share, the stock has to be capable of spiking $1.50 per share.
Write your plan down to help you commit to it.
Next, a crucial step to staying on top of hot stocks is to…
Stay Flexible and Adapt
Maybe your number one watch doesn’t play out — like mine didn’t yesterday.
You take a small gain or a small loss and you move on.
But if you’re flexible and adaptable you can look for the next opportunity…
Keep scanning for big percent gainers throughout the day.
And the crucial part to the play in IVVD…
Stay up to date with the latest news.
The Breaking News Chat team alerted IVVD when it was up 54%. So that wasn’t an outrageous gain — we trade stocks up that much all the time…
And if you had the news alert, you knew the ‘why’ for the move.
The alert went out right before IVVD made a new daily high — a good potential entry for a Breaking News Chat play.
IVVD chart: 1-day— courtesy of StocksToTrade.com
Once you have more experience you can go through your process faster.
With enough screen time, you’ll learn how to read the price action and spot patterns sooner for potential entries.
And if you stay on top of news and your scans, you can find opportunities in the market any time of day.
So force yourself to stick to your selection process and trade plans while being adaptable to look for the next opportunity.
Your process, patterns, and plans don’t have to look like mine…
I don’t want sheep and I’ll never call you an idiot for looking at another stock or having a plan that doesn’t match mine.
If you have a system and it works — I applaud you.
I just want to help people who are disciplined and are looking to improve, grow, and get 1% better every single day.
If you don’t have a system but have the discipline and desire to get better — join our live training session where you can see why this market is so hot and the tools that can help you spot the opportunities.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade