It’s that time again … what’s going on in the world, with me, and current trading setups? Welcome to another edition of Bohen’s Take.
The whole world’s on lockdown right now, and we’re living through some crazy times. Today, I’ll share with you what I’m doing to survive and thrive as best I can.
Read on to learn how you can interact with me every trading day premarket. Yep, you can discuss the market with me each morning … and it’s totally free!
Plus I’ll show you an awesome and ultra-simple current trading setup that pops up over and over again in hot sector stocks … And I’ll tell you about the video guide I helped Tim Sykes make for teaching traders how to approach a volatile market.
This edition is jam-packed — let’s dive right in!
Table of Contents
What’s the Haps
My friends, I hope you’re all enjoying these crazy pandemic times as much as possible and staying safe and healthy.
You’ll probably agree with me when I say that I really get the feeling that we’re watching history being made each day — and living it. It’s surreal…
We’ve been locked down and confined to our homes for the past few weeks. It’s been a weird experience, but I think we’re adjusting to it.
I’m trying to make the most of it by staying busy and productive. In fact, I’m trying to use this experience to make myself stronger and force myself to grow.
I was inspired by something I recently read: Isaac Newton, the iconic genius and scientist, was quarantined in the countryside during the Great Plague of London in 1665…
Later in his life, he declared that his year of isolation was the most productive of his entire life. Among other things, he developed the theory of gravity at that time.
Now, I’m not saying I’m going to make any scientific breakthroughs … But if I can spend more time with the family and build an even stronger StocksToTrade community during this time, I’ll be pleased…
So, what have I been doing? In my free time, typical Bohen stuff: working out, eating well, and remodeling our kitchen. On the trading side, I’m hosting…
Instagram Live Sessions
I’m trying to do what I can to ensure that the trader community is OK. I think we need to stay connected, informed, and entertained. So every day I’m hosting premarket live chat sessions on Instagram.
If you aren’t already checking these out, make sure to set up an Instagram account and join the StocksToTrade Instagram live feed at 8:30 Eastern a.m. each trading day.
On the live feeds, I’m pretty open to whatever everyone wants to discuss. Sometimes we look at trades, specific setups, have Q&A, or discuss whatever comes up. Don’t miss these sessions! Get the details here.
Current Trading Setups
You know, the reality of trading is that you can keep it pretty simple. You really just have to focus on and stick to what works again and again…
We’ve done that recently with all the current trading setups that have been making BIG moves. The formula is simple…
Find a hot stock in a hot sector. Next, add in a press release with some monster volume. Then watch the stock spike throughout the day. If it wasn’t the coronavirus sector, there’d probably be another hot sector where we’d see these kinds of setups.
The setup that sticks in my mind the most, is the recent action with Akers Biosciences Inc. (NASDAQ: AKER). Check out the chart:
AKER is a biosciences company. It’s one of many frantically searching for a COVID-19 cure. It’s a tiny low-float stock, with a market cap under $15 million as I write this…
On the morning of April 6, the company issued a press release indicating some success in moving toward a virus cure.
Of course, with the market being crazy about all things virus, the stock jumped at the open.
We saw it gap up from around $1.90 to $3.17, before running up to over $5.80 during the trading session, suddenly trading on massive volume of almost 60 million shares for the day.
It wasn’t over in a single day, though…
The next day, the stock opened at $6.25, before running up to a high of around $8.86.
Current trading setups run like most monster penny stock spikes. With AKER, we saw the price crash back down over the next few days.
So … hot sector, hot stock, press release, big volume, and price spike. All of that pushed the stock from $1.90 to $8.86 a share, allowing skilled traders to make some meaty trades.
These are the sort of stocks we look for each trading session inside StocksToTrade Pro. Sometimes we’ll be looking for virus plays, sometimes it’ll be crypto, or pot stocks, or whatever’s hot at that moment.
If you’re looking to step your trading game up, improve your skills and be a part of an elite community of traders, come and join StocksToTrade Pro!
Feature of the Month
We’ve got a brand-new feature on the StocksToTrade platform that can help you find the news stories that get stock prices running like a freight train…
Is it some cool new high-tech, ultra-advanced AI feature?
Nope. In fact, I’d say it’s the polar opposite of advanced AI…
It’s called the Breaking News chat.
At StocksToTrade, we have two analysts on our team who watch hundreds of news feeds, news stories, Twitter, and online forums throughout the day.
When one of the analysts sees a piece of information that’s actionable, they’ll quickly alert you to it through the Breaking News chat.
So, you don’t have to wade through a torrent of news stories every day and risk missing the best pieces. Our analysts can help you find the best news stories…
This is a feature available to StocksToTrade members only (click here to add it to your account now). Not a member yet? Get started today. Grab your 14-day trial of StocksToTrade for just $7!
I’ve been doing a little fiction reading with one of George Orwell’s earlier books: “Animal Farm.”
The book is basically a critique of state-power dictatorship and explores the dangers of having to rely on government.
I’m a red, white, and blue, freedom-loving Libertarian … So the book is right up my alley.
I was inspired to read it because of what we’re seeing in the world right now.
First, I know we must take the COVID virus seriously. But I think we need to keep some things in perspective…
I’ve heard stories of people being fined for leaving their house, walking in the park, or eating a burger in public. Yes, we need to maintain social distance. But the Libertarian in me cries out a little…
If we’re not careful, we could risk behaving like they used to back in the Soviet Union. So I hope we check ourselves ASAP!
Anyway, “Animal Farm” explores those kinds of concepts. It’s a great read, from a great author, and it’s a pretty short book. If you need some entertainment and a bit of food for thought, grab a copy.
[As an Amazon Associate, we earn from qualifying purchases.]
The Bohen Conclusion
That’s all for this one, folks…
I want you all to remember that we’re all together in these crazy times. You may be working your essential job, home with your family, or on lockdown alone … Just remember we can all connect through our shared interest in trading.
Please, don’t be a stranger. Come say hi during my daily live streams on Instagram at 8:30 a.m. each trading day through the end of April. Feel free to ask questions or share something interesting.
This kind of volatility can be awesome for active traders. Some mornings in the StocksToTrade Pro chat room we’ll have so many potential runners, we can’t focus on all of them. There’s just so much opportunity — if you know what you’re doing.
Check out this video I made with Sykes to help you understand this volatile market: Sign up for no-cost access to The Volatility Survival Guide here.
Ready to join us and learn market wisdom directly from me each day? Sign up for StocksToTrade Pro now!
How are you doing in this crazy market and time? Leave a comment!