On Tuesday, during my live Double Down webinar, my “Double Down” pick for the day was Laser Photonics Corp (NASDAQ: LASE).
It showed up at the top of my volume-weighted average price (VWAP) scanner, was a multi-day runner, and had received a green buy signal from our Oracle system.
By the way, if you’re not familiar with my Double Down webinar, it’s part of my Daily Income Trader system.
I go live every day at 12:00 pm Eastern to walk you through the best afternoon trade setup I’m seeing.
Check out Daily Income Trader here.
To be clear, I identified LASE as a swing trade, not a day trade opportunity.
What is a swing trade? And how does it differ from a day trade?
It’s the sweet spot between day trading and long-term investing, or a buy-and-hold strategy, and I’m a huge fan.
Why I Chose LASE as My Top Swing Trade Idea on Tuesday Afternoon
Here’s what LASE looked like over the last five days through the time of my Double Down on Tuesday…
LASE 5-Day, 5-Minute Candles Chart; SteadyTrade
It was a multi-day runner with an Oracle signal, and I saw it as a stock that would continue on its trajectory at least overnight, if not longer…
At the time, my instructions were to use the Oracle entry signal of $8.58 per share with a stop loss of $8.21 and a target price of $9+.
And LASE hit the entry price and did, in fact, continue its run through the close on Tuesday, reaching a high of around $9.60 on Wednesday morning.
That was an almost 12% return in less than two days, but it did not involve crazy price swings like those typically seen in a day trade…
This is exactly why I really like swing trading for new traders.
LASE Two-Day, 1-Minute Candles Chart; SteadyTrade
The Difference Between Day Trading and Swing Trading
Let’s start with day trading. The concept is pretty simple: You buy and sell within the same day.
For example, you might buy a stock in the morning and sell it later that afternoon. The key here is that you’re not holding overnight.
Day trading is all about short time frames and quick gains. You’re not looking to hold for days or weeks. Your only goal is just to get in, get out, and lock in profits fast.
Why do traders love this approach?
A lot of people are drawn to the action. It’s exciting, and if you’re successful, it can be incredibly rewarding.
But one of the biggest challenges is the discipline and constant attention required.
If your trade plan isn’t on point, if you’re not quick to stop out of bad trades or take profits when you should, day trading can be brutal.
These stocks can move fast—sometimes 10, 20, or even 500%* in a single day. You must be ready to act, or you’ll get whipsawed.
I completely understand the thrill of day trading and for seasoned traders, it’s a great strategy that can make you lots of money very fast, if you do it right.
But it’s absolutely not for new traders…
And that’s why I really like swing trading, especially for newbies.
Swing trading lets you aim for day-trade-like gains, but over multiple days or even weeks.
You’re holding these stocks overnight, and while you might not catch the massive intraday spikes of day trades, you can still see solid returns—20, 30, or even 100%*.
The stocks we target for swing trades are typically a little more stable in terms of price action. They don’t make those wild, heart-pounding moves that can be scary for new traders.
Instead, we’re looking for stocks trending upward, maybe hitting 52-week highs, and breaking through key levels.
These are often higher-priced stocks, around $10, $20, or even $30, and they tend to move more predictably.
With these stocks, you can sleep easy at night, not worrying as much about sudden drops in after-hours trading.
Swing trading is perfect for new traders as well as people who have busy lives and don’t want to be glued to their screens all day.
And here at StockstoTrade, we have the perfect tool for traders looking to master this strategy.
IRIS is our proprietary AI-driven platform and I designed it specifically for swing trading.
Subscribers to the IRIS program get weekly analyst reports, training webinars, and best of all, access to the IRIS system itself.
The tool operates much like ChatGPT to produce screeners, trading plans, and more.
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My Final Thoughts
If you’re a new trader or just don’t have the time or desire to micro-manage your trades, I recommend you take a serious look at swing trading.
Keep your eye on stocks that are up on news, breaking out, and trending higher. These are the ones that can give you consistent gains without the stress of constant monitoring.
And remember to check out our IRIS program, as it does much of the work for you.
Have a great day, everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade
P.S.
As a trader, do you want to be stuck on your laptop all day, every day?
I’m guessing the answer is no…
My colleague and seasoned trader, Tim Sykes, has developed an under-the-radar style of trading that will unglue you from your computer.
It all happens over the weekend when the markets are closed…
Tim has made thousands in profits from this strategy.
He plans to tell you all about it tonight, September 12th, at 6 pm Eastern. You still have time to sign up!
Click here to register for our Weekend Profits Summit.
You don’t want to miss this!!