Trading News
Jun. 1, 20224 min read

How to stalk potential trades

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Written by Tim Bohen

You hear the saying all the time, ‘you can’t control the market.’ Or ‘take what the market gives you.’ 

They’re both true. 

You can’t force setups … Some days there are more runners than you can track. Other days are slow…

It’s like hunting or fishing…

Some days you go out and you sit there all day and see nothing… 

Maybe you see a squirrel climb a tree, or some birds fly overhead. But that’s it. 

Do you get pissed off? Do you throw your gear and kick the tree? 

Or do you come back the next day, put in your time, and eventually get rewarded? 

With fishing it’s the same thing … You could have the perfect weather, time of year, and the right moon phase… 

… You can have the right bait and your favorite lucky spot… 

and you can still get skunked! 

It’s the same in trading.

All you can do is make the best of the situation and prepare for the next day and the next opportunity. 

If you want to learn how to stalk the perfect plays, read on… 

And don’t forget, we’re only hours away from Mark Croock’s event where he’ll share his shadow trades strategy for FREE! 

He’s live TONIGHT at 8 p.m. Eastern, so don’t miss it — RSVP here now

How to Stalk Plays

There might not be a play every day that suits your setup, but that doesn’t mean you shouldn’t be ready for the next opportunity… 

For example, I send my watchlist for the week out every Sunday. But I don’t know for sure which stock will move and on which day. 

That’s where you have to put in the work. 

Just like if you were hunting, you wouldn’t go out and try to get a deer without target practice first…

In trading, you have to be primed and ready to strike when the right trade comes along. That means knowing which chart pattern to look for and trade, and what your trading plan is. 

Let’s look at a few stocks from my watchlist to give you an idea of how to stalk a stock for the right play… 

My two oil and gas swing trade ideas this week are Occidental Petroleum Corporation (NYSE: OXY) and Exxon Mobil Corporation (NYSE: XOM). I’ve been talking about them for months. 

If you’ve been following my watchlist for a while, maybe you’re already riding the momentum. 

But what if you’re not in yet and you’re looking for an entry?

Both stocks are close to their 52-week highs. So you could set an alert near that level and wait for it to trigger. Then you can enter on the breakout and ride any upside momentum.

Get my four tips for trading breakouts here.  

Learn how to avoid false breakouts here. 

Another option is to wait for red-to-green moves. This strategy would need a bit more of your attention. 

You’d have to change your alert levels each day or watch the stocks closely for the move… 

You’d also have to monitor them near resistance levels to determine if you want to take any potential profits or see if it can break above resistance and keep going higher. 

Like I’ve said in the past, I think oil and gas stocks are far from done. 

But instead of sitting around and waiting all day — like you would hunting or fishing — you can use the power of technology to help you stalk the best plays. 

Use StocksToTrade’s powerful scanners to help you find big percent gainers each day… 

And use alerts to save you the time and frustration of sitting around waiting for stock moves that might never come. 

Plus StocksToTrade’s built-in Oracle algorithm can help you find the top 20 potential trades every trading day. And it gives you levels to help you plan your trades. 

Want to see what it can do for you? Watch this! 

And get your special limited-time pricing here

And if you don’t see your perfect shot, or get skunked today… 

You can always be ready for the next one tomorrow.

Have a great day everyone. 

Tim Bohen

Lead Trainer, StocksToTrade