Wow, Friday was a great day for me!!
Not just because it was the end of the week…I mean, who doesn’t like Fridays?
I was thrilled because so many reliable trading patterns and plays showed up.
Of course, it all came to light during my Premarket Prep.
So many premarket fader setups…
My Weekly Squeeze Report pick from Thursday evening was ready to crush it…and it did!
Red Candle Theory (RCT) patterns galore…
And, as usual, we had Oracle by our side, locked and loaded, to guide us through many of these plays after the market opened.
Our Oracle system lives for these setups!
Of course, Oracle is not a human…It’s an algorithmic ally in our trading game.
And the algorithm wants us to win! And win big!
Last week, in particular, we saw proof of that…
One of the biggest challenges to both new and seasoned traders is productivity.
Building a successful trading plan takes serious effort, and one of the biggest hurdles is sticking to a process and maximizing efficiency.
Trading is like running a business.
Think of it like owning a hardware store. You have to secure a location, find reliable suppliers, make sure your staff shows up, retain your customers, pay your taxes, pay your employees…the list goes on and on. It’s not just about showing up and selling a hammer.
Trading is exactly like that. A lot of people think it’s as simple as pressing buy and sell… Sure, the mechanics of placing a trade are simple, but that’s not trading, that’s just execution.
Traders must prepare, strategize, and analyze before those few minutes of buying or selling stocks.
Enter Oracle, our in-house algorithmic system, to save the day!
This tool is the solution for trading efficiency and accuracy. Let me show you what I mean…
What Does Oracle Do?
Every day, as stocks begin trading around 4 am Eastern (yes, that’s when premarket actually starts), Oracle starts gathering critical data.
It identifies 15 to 20 stocks based on criteria such as price range, volatility, and premarket volume each day.
And Oracle is heavily weighted towards low-float stocks because those tend to be the biggest movers.
The algorithm uses the data it collects to map out key levels used in technical analysis, like support and resistance.
And if you’re not familiar with technical analysis, no worries…
You can check out my article that gives you the basics.
But here’s the thing: Oracle does the technical analysis for you.
Right off the bat, it builds you a watchlist and gives you your support and resistance levels. Just one click, and you’ve got your stocks for the day with all the information you need to trade them: green “buy” signals, red “short” signals, entry prices and stop-loss levels.
Oracle filters out the noise, so you’re only focused on the best setups and you’re only trading high-quality signals.
And this system’s track record is spectacular! In 2023 alone, Oracle delivered 55 stocks that ran 100% or more.* That’s over one massive mover a week!
To really take advantage of the Oracle system, you also need a robust trading platform so that you can use the data it provides most effectively.
You also want something that lets you practice your strategies in a paper trading environment, apply technical indicators, and create charts.
The one I use every day, StocksToTrade, has all of those features and more.
Grab your 14-day StocksToTrade trial today — it’s only $7!
Now let’s move on to the good stuff…the actual wins that Oracle delivered for us just last week.
Oracle’s Big Wins Last Week
On Monday, we got the green buy signal for Bone Biologics Corp (NASDAQ: BBLG). The entry price was $1.34 per share.
BBLG Intraday, 1-Minute Candles Chart; SteadyTrade
After hitting the entry price and then the high of the day, BBLG returned 47.76%*.
On Tuesday, Oracle gave us the green buy signal for Galmed Pharmaceuticals Ltd. (NASDAQ: GLMD) at $6.36 per share.
GLMD Intraday, 1-Minute Candles Chart; SteadyTrade
After blowing through the entry price, the stock hit a high of $23.80 for the day, booking a massive 274.21%* return!
On Wednesday, Portage Biotech Inc. (NASDAQ: PRTG) got the green entry signal at $12.76 per share.
PRTG Intraday, 1-Minute Candles Chart; SteadyTrade
PRTG hit its entry and then steadily climbed up to a high of $23.01, for an 80.33%* win, in less than two hours!
And on Thursday, Oracle delivered the green signal at $0.43 per share for Signing Day Sports Inc. (NYSE: SGN).
SGN Intraday, 1-Minute Candles Chart; SteadyTrade
It went through some ups and downs, but after hitting its entry price, SGN topped out at $0.765 per share for a return of 77.79%.
Oh, and in case you’re wondering, Oracle is an excellent tool for short sellers too…
Like I said earlier, it gives traders green and red signals. Red signals work in the opposite way, indicating that you should short the stock.
Take a look at Telesis Bio Inc. (NASDAQ: TBIO) on Thursday.
Oracle gave us a red bearish signal at $4.04 per share.
TBIO Intraday, 1-Minute Candles Chart; SteadyTrade
TBIO hit the red signal and tumbled to a low for the day of $2.34. That marked a gain of 42.08% for the shorts.
My Final Thoughts…
You’re really missing out if you’re not using Oracle.
Save yourself a bunch of time and make your trading more efficient so you can concentrate on educating yourself and perfecting your strategy.
Get the tool I can’t trade without!
We also offer live demos every day where you can see Oracle in action. These demos are completely free and run all day long. Click here, drop your info, and join a session.
Trust me, if you’re serious about improving your trading, you don’t want to miss this.
Have a great day, everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade