This week I’ve spent several days with a group of traders at an Inner Circle event.
What I’ve realized after talking with people is, a significant majority of traders do no work to build watchlists to track follow through plays.
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Table of Contents
The Big Picture
Now, what I’ve noticed is that many aspiring traders completely ignore the multi-day trade.
I always default to thinking that people work as hard as I do. Unfortunately, I’ve come to realize over the last few days that it’s simply not true.
Now, I’m not saying that to brag, okay? But I was kinda shocked.
I thought that every day, traders were:
- Looking at top percent gainers
- Looking at which stocks held up through the day
- Adding them to a rollover watchlist
- And then watching for breakouts, pivot plays, and weak open red to greens
Multi-Day Plays vs the Stock du Jour
Every morning the market is open, I give a premarket webinar for Daily Income Trader members. We talk about the big premarket gappers, the highest volume plays, and the stocks with the most volatility. Those are what I call the stocks du jour.
Now, the reason I do that is so students can start to see that there are new opportunities every day. That’s because the tickers change, but the patterns stay the same.
Through constant daily repetition, with new stocks reinforcing the patterns, most traders start to recognize them in a short period of time.
The problem with only looking at the stocks du jour is that some of the best moves come on day two or three. Some of the most consistent patterns even play out over multiple days, weeks, or months.
The most straightforward way to look at it is…
If You Only Look At Today’s Big Percent Gainers, You’re Missing Opportunities
It’s not like I don’t talk about multi-day plays. We even have Matt Monaco do an end of the day roundup he calls Midnight Madness, where he goes through his rollover watchlist. He goes stock by stock and explains what to look for the next day. Or the next few days.
An Example of Watchlist Work for Multi-Day Trade Setups
I recently wrote to you about how to create a rolling watchlist. The idea is, any of the top percent gainers of a day that…
- Closed near the high of day
- Or held above key technical levels…
Are the stocks that you’re going to trade on the pivots, weak open red to greens, or day three surges.
In my opinion, the day-three surge is one of the easiest patterns.
What is it? The day-three surge is a big day-one mover that chopped around on day two. Then, on day three, it breaks out over the day-one high.
My Take
I’m often taken by surprise when someone asks “how did you know?”
Here’s what I’m thinking when someone asks…
How did you forget about the stock? How is it possible? How did you not know two days ago to add that stock to your rolling watchlist?
All the day-three surges are typically the biggest runner on day one.
What I’ve started to understand is that people aren’t tracking data. Sometimes they don’t even remember what happened earlier that day. Or the day before. Two days is an eternity.
The lesson here is that if you want success, do the watchlist work. Just like losing is built in, you can’t be a successful trader without building and curating a watchlist. Do the work every day, my friend.
Watchlist
Yesterday (July 1), Linkhome Holdings Inc. (NASDAQ: LHAI) announced it completed an acquisition and launched a GPU financing business.
It put in a beautiful RCT within 25 minutes of the news…
LHAI, 7/1/26, premarket through 1:30 p.m., RCT worked like a champ
Now that you know the importance of doing the watchlist work, it makes sense to create a watchlist spreadsheet this very minute. Add LHAI to your watchlist and keep track of what it does over the next few days.
Will it hold up on day two? Could there be a day three surge? I have no idea. But I know these patterns work if you put in the work.
On My Radar
- Wall Street’s best quarter in six years? I’m still bullish through midterms
- Meanwhile, gold had its worst quarter in 13 years
- For perspective, 2025 was gold’s best year since 1979, so…
- Is President Trump a crypto bro? I wonder if Higgins would say “HODL”
- As of yesterday, Anthropic redeployed Fable 5 after the government eased restrictions