Box Checkers: How To Identify A+ Opportunities

If you’re a new trader, small account trader, or struggling trader, there’s one type of stock you should focus on.

The idea is, you stack the odds in your favor as much as possible. How? A lot of times you’ll hear me mention a box checker…

Here’s the Daily Accelerator agenda for today:

• The Big Picture: Why box checkers are like good poker hands. Get ready to push the chips in.
• Watchlist: This one might need a sideways consolidation day, but based on yesterday’s action, who knows?
• On My Radar: What I’ll be watching at 6:24 p.m., yesterday’s market bounce, and Nicotine + Caffeine = Protein, right?

The Big Picture

I don’t like gambling analogies because I don’t think what we do is gambling. There’s a lot more to trading than just rolling the dice. But I think of a box checker like having a really good hand in poker.

When you get dealt a really good hand, you push the chips in. If you have a mediocre hand, you fold, okay? So, the box checker is where you push the chips in.

If you find a box checker, does that create a guaranteed trade? Of course not.

Is there a box checker every day? No, but on Monday (March 30) Bullfrog AI Holdings Inc. (NASDAQ: BFRG) was a banger.

Now, BFRG is a very speculative stock which should only be day-traded. Look into the company. It’s a joke, okay? It’s a total joke. But we trade patterns, not stocks.

BFRG has a long-term downtrending chart (see below). But the company dropped a “Money Monday” press release, with perfect timing, right into the busiest time of the day.

What was in the press release? Here’s the headline:

“The Boom Enters a New Phase”

It was filled with a bunch of AI buzzwords, and that brought in a bunch of unusual volume.

You’re checking boxes, right? Look at all the boxes BFRG checked:

• Unusual volume
• It’s a low float stock
• Had float rotation
• Former runner
• First green day pattern
• Did a dollar cross (another big win for my Rubicon Codex)
• Pushed through the Oracle signal
• Set up for a VWAP hold in the afternoon
• Then it exploded out of the gate yesterday, breaking past Monday’s highs by 9:44 a.m.

Okay, those were bullets. But you can make a checklist, right? Do it.

My Take

Focus on box checkers. Especially if you’re under the PDT, because you can only day trade a few times a week anyway. But even if you have a cash account, you should really be focusing on those A+ opportunities. And that’s box checkers.

Watchlist

BFRG: A Near-Perfect Box Checker

Again, BFRG has a long-term downtrend…

Now, look at the volume bars on the right. BFRG traded 417.6 million shares on March 30 with a float of only 9.2 million. Yesterday, it had already traded 148.5 million with two hours to go before the close.

Here’s the 2-day chart:

On Monday, the dollar cross was the best early entry. Later, there was a solid Oracle buy alert. Then, after hours I called a Double Down alert. Yesterday, BFRG kept going (as you see on the chart above).

There were a bunch of good entries on BFRG. Today, it might need a sideways grind and consolidation day to keep going.That said, keep BFRG on your watchlist .

On My Radar

• As a child of the 80s, sci-fi loving nerd, I’ll be watching NASA’s Artemis II launch later today.
• Markets bounced yesterday. I keep saying it: If you told me today’s news headlines 6 months ago, I would’ve called the markets would be much lower.
• Nicotine + caffeine = protein, right?

Thanks for the inspiration, John Daly.