Did you catch Bryce Tuohey’s Friday morning live webinar?
I had a flight booked so I had Bryce fill in for me and give the morning SteadyTrade Team webinar…
And boy, did members get a treat.
Not only did it give members another perspective, a new way to make trade plans, and notes, and a new list of stocks to watch…
But Bryce also traded live as a setup developed.
If you missed it, here’s what Bryce traded and how it worked out. Learn from this new perspective!
One Of The Best Runners Of The Week
Avenue Therapeutics, Inc. (NASDAQ: ATXI) was my Daily Market Profit alert last Tuesday.
That day, the stock went from my target price of $5.50 to a high of $11!
So whether you got my premarket alert or not, it should’ve been on your radar after a move like that.
I also outlined my plan for ATXI for the rest of the week in Thursday’s Daily Accelerator.
And on Friday we got the move I was waiting for.
I wasn’t there to see it with Team members. But Bryce did a great job covering for me…
Breaking Down Bryce’s Live Trade
As the market opened on Friday Bryce was eyeing up ATXI…
He said the multi-day chart is beautiful … And what he wanted to see was for ATXI to test $8, and then consolidate for a while.
If it could do that, he’d be interested…
ATXI hit $8 a few minutes later, then just like he planned, Bryce waited for consolidation.
Meanwhile, he was watching Vertical Aerospace Ltd. (NYSE: EVTL) and InMed Pharmaceuticals Inc. (NASDAQ: INM) for potential trades and answered SteadyTrade Team members’ questions.
Then ATXI had a red candle that dipped back to VWAP. That got Bryce excited…
Because the consolidation and dips lure in short sellers.
And when ATXI perked back up to $8, that was his cue to get in…
He got long at $8.02 and used the $7.80 low as his risk, setting a hard stop at $7.79.
That’s when volume started to come in and bids started stacking on Level 2.
He saw a bit of hidden selling around the $8.50 level where the stock struggled for a few seconds.
But more volume came in and he got the push through that level he was looking for…
His goal for the trade was $9, but when he got the break through $8.50 where it struggled, he sold at $8.735.
Bryce was really happy with his trade. And it was a great trade for traders in the chat room too…
Like Bryce said after his trade — we focus on the easy trades. You don’t have to chase multiple setups…
One winning trade is all you need for the day.
Bryce made 8.9% on his trade. And with those kinds of returns, he’s beating most Wall Street investors’ returns — for the whole year!
If you want to know what we’re trading in the SteadyTrade Team today — click here to join.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade