Happy Monday!
In case you missed it last night, I sent out my Weekly Watchlist email.
In fact, I send this Watchlist every Sunday, so be sure to read it to prepare yourself for the week ahead.
The great thing about this list is that it’s for day traders and swing traders, alike. There’s something in there for everyone!
By the way, I’m sure you’re familiar with day trading, but if swing trading is new to you, check out my article to learn all about it.
My simple explanation of swing trading is this: It’s a stock that looks to have day-trading potential but might instead take a few days or a even few weeks to play out.
Once you’ve read the watchlist on Sunday, be sure to tune in on Monday to my Premarket Prep. I go live every morning at 8:30 am Eastern to go over all the hot stock plays for that day.
Here are some excerpts from my Weekly Watchlist on Sunday, August 18th:
That’s just the intro.
Here’s where I get to the nitty gritty…
As mentioned above, there’s also a video in which I explain all the details behind my weekly watchlist picks.
Now let’s take a look at how some of my picks from last week performed…
First on my list from the 18th was Latham Group Inc. (NASDAQ: SWIM). It was one of my swing trade ideas and a low-priced earnings winner from the prior week that I continued to watch.
SWIM 5-Day, 5-Minute Candles Chart; SteadyTrade
SWIM started off pretty poorly at the beginning of the week…
But then it had a massive spike right after the open on Wednesday. The spike amounted to around 4%*, which doesn’t sound like a lot until you realize it happened in only five minutes!
And Friday afternoon, it was headed into higher territory again…
Greenland Technologies Holding Corp. (NASDAQ: GTEC) was another low-priced swing trade idea, one of my favorites, in fact.
GTEC 5-Day, 5-Minute Candles Chart; SteadyTrade
GTEC’s low for the week was on Monday at $1.89 per share. By Wednesday, it had topped out at $2.56 for a return of 35.45%*
By the way, if you’re interested in swing trading stocks like GTEC and SWIM, you should check out IRIS, our proprietary AI-driven platform. I specifically designed it for swing trading.
Subscribers to the program get weekly analyst reports, training webinars, and best of all, access to the IRIS system itself. The tool operates much like ChatGPT to produce screeners, trading plans, and more.
Watch this presentation to see if IRIS is right for you.
Geovax Labs Inc. (NASDAQ: GOVX) was a day trade pick that I predicted would ride the Monkeypox news wave…
And I was right!
GOVX 5-Day, 5-Minute Candles Chart; SteadyTrade
GOVX started the week off slowly, but it eventually reached a high of $10.50 per share in premarket trading on Thursday. Using the low from Wednesday afternoon of around $7.00, the stock returned 50%*.
And for those that weren’t around premarket to see the high of $10.50, it did get to $9.55 after the open on Thursday.
The other day trade on my watchlist was in Cingulate Inc. (NASDAQ: CING).
And this one also moved big!
CING 5-Day, 5-Minute Candles Chart; SteadyTrade
On Tuesday, it went from a low of $9.50 per share to a high of $15.55 for a win of 63.68%*.
So that’s the Weekly Watchlist, everybody…It’s totally free and definitely worth a read.
Make sure you check your email from yesterday. And don’t forget to do the same next Sunday!
And for even more watchlists, check out my StocksToTrade Advisory service.
Have a great day, everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade
P.S.
If you love the excitement of day trading, you might consider adding options trading to your playbook…
My colleague and seasoned options trader, Jeff Zaniniri, has developed an AI-powered algorithm called GAMMA that exploits a market inefficiency, or glitch, within certain options contracts.
These glitches trigger alerts in his system, which Jeff shares with his GAMMA subscribers every Monday, Wednesday, and Friday.
Learn about the glitch that can make you a master options trader!