Trading News
Nov. 11, 20224 min read

Missing 200%+ low float runners?

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Written by Tim Bohen

The up-and-down market has some inexperienced traders questioning what they know… 

One day you can’t keep up with all the low floats squeezing, the next it’s n crickets in penny stocks land and everyone’s focused on mega-cap movers. 

So are low floats dead and it’s time to become an investor? 

Not quite yet… 

The market is just digesting an election, CPI numbers, and the fall of a major crypto company. 

I stand by my green wave theory that small caps stocks will take off now that the election is behind us. 

I felt the shift in the market a few weeks ago … So I don’t think a couple of slow days in low floats means it’s time to reinvent the wheel and change your whole strategy. 

So here’s what you can do to find profitable trades… 

How to Find Profitable Trades

This is a new week and anything can happen…

But if there aren’t any low-float runners this morning. Don’t panic and think the sky is falling and that you have to learn how to trade massive cap stocks like Meta Platforms, Inc. (NASDAQ: META) or Amazon.com, Inc. (NASDAQ: AMZN).

 

There are still ways to find big runners. 

First, use StocksToTrade’s two powerful scans

Second, use Oracle to give you the 20 hottest stocks to watch each day. 

It didn’t disappoint last week…  

EV plays were hot on Thursday. There were a ton on the scans and XPeng Inc. (NYSE: XPEV) was a mid-priced play on Oracle that we talked about for the last two days in Pre-Market Prep

On Thursday I said to watch for a break above the $7.50 Oracle level. We didn’t get the move that day. But on Friday morning it was on Oracle again, and I reiterated the same plan

Check out this move!

XPEV chart: 2-day, 1-minute candle — courtesy of StocksToTrade.com

Digital Turbine, Inc. (NASDAQ: APPS) was another higher-priced stock we talked about in the SteadyTrade Team on Friday. 

It’s a ‘real’ stock but it’s a lot lower priced than Apple Inc. (NASDAQ: AAPL) or Alphabet Inc. (NASDAQ: GOOG).

It’s a tech stock, it’s an earnings winner, and it’s mid-priced so you can still get a decent number of shares to trade.  

On Thursday it ran all morning. And it closed near its high. So on Friday, I said to watch for a weak open red to green

And that’s the move we got…

APPS chart: 2-day, 1-minute candle — courtesy of StocksToTrade.com

So while I get that some traders might be a little bummed that we haven’t seen a 200%+ low float runner in a few days… 

There’s no reason to throw in the towel or reinvent the wheel. You can still find opportunities and trade the same patterns in mid to higher-priced stocks. 

Use my rule of 10 to help you determine position sizes and expectations when trading high-priced stocks. 

If you’re struggling to find these ideas on your own. Join me and a whole community of traders with their eyes on the markets in Pre-Market Prep

We dig through scans and news. And look at Oracle to find the best potential trade ideas. 

See you there! 

Have a great day everyone. See you back here tomorrow.

Tim Bohen

Lead Trainer, StocksToTrade