Yesterday StocksToTrade’s tools uncovered one of the biggest morning spikers.
All while the macro headlines have shifted to doom and gloom and economists now see a 70% chance of a recession next year…
But the big gainers in the market are a good example of why none of that matters to penny stock traders.
In penny stocks, hope springs eternal…
Everyone thinks they’re buying the next Apple Inc. (NASDAQ: AAPL) or Moderna, Inc. (NASDAQ: MRNA) that will release a breakthrough product or technology.
But savvy traders know better … We’re just here to trade emotion…
And take advantage of the big moves they can create. Like the 66% gain you could’ve caught in just 40 minutes!
Let’s break down how…
We’re celebrating day four of Hanukkah — see the special gift we have for you here!
How to Be In The Right Place at The Right Time
I give live webinars every morning in Pre-Market Prep and the SteadyTrade Team. My goal is to teach you a process and strategy so that eventually you don’t need me anymore.
And one way to start standing on your own two feet is to have the right tools, and let them do the work for you.
Yesterday combining the knowledge of our Breaking News Chat analysts and the power of our proprietary algorithm — you could’ve spotted Sintx Technologies, Inc. (NASDAQ: SINT) in premarket. Before it ripped roughly $6 per share higher!
Our Breaking News Chat team alerted SINT when the company announced it received a contract from the U.S. Missile Defense Agency.
The news and alert came out before the market opened when SINT was trading around $8.75.
Our Oracle algorithm also identified SINT as one of the 20 stocks of the day that could see an explosive move…
And within a minute of the market opening, it spit out $9.01 as a signal entry price.
By combining those two tools, you now have a low float stock — with fewer than one million shares in the float — on your radar…
It has news…
A programmed algorithm has identified it as a stock with the potential to explode…
And you have your target entry price.
Now all you have to do is pick a risk level for your trade and a goal.
The SINT Trade Plan
With SINT you could use VWAP, the morning low, or the Oracle support level at $8.20 as your risk.
And you could use the Oracle levels on the chart to guide your potential exits…
SINT chart: 10-day, 2-minute candle — courtesy of StocksToTrade.com
You can see that SINT was volatile and had a few halts. If you get caught in a halt, I recommend new traders sell as soon as the stock reopens.
Because you never know which direction it can go from there. It’s a lot harder to get a feel for price action when the stock halts every few minutes.
Click here to get my three tips for managing a trade when you’re stuck in a halt.
But even if you traded SINT conservatively and sold after the first halt, you still could’ve made roughly $1 per share. And those are meaningful gains for a small account…
Say you put in $900 and bought 100 shares — that’s a potential $100 gain for your account in just a few minutes.
Rinse and repeat while keeping your losses small, and before you know it your small account is growing into a large account.
And the good news is you can find trades just like that on your own with the tools I just showed you…
Right now we have almost all our amazing StocksToTrade tools on sale for the holidays…
In this package, you get the StocksToTrade platform with our built-in Oracle algorithm so you can see the hottest stocks every day with outlined trade ideas…
The Breaking News Chat room add-on feature to alert you to the most important news that can move stocks.
Plus, you get all my Daily Market Profit alerts, access to my live Pre-Market Prep webinars, and more! All for one year!
Check out everything that’s included in our sale here — and don’t miss it!
Together we can make 2023 possibly the best year in your trading career.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade
P.S. It’s almost Christmas! Give yourself the gift you really want — it’s on sale NOW, but only for a limited time!