After a wild market last week, Money Monday didn’t disappoint…
Oracle spotted two massive gainers that ran for 306% and 401% from its proposed entry signals.
I highlighted one of them as my number one watch with a full trade plan emailed out to subscribers (get my next alert here)…
But you can also find these types of big runners yourself — you just have to put in a little more effort.
It starts with finding the stocks and lining up the criteria that check the boxes.
Here’s what to look for in winning stocks like Beamr Imaging Ltd. (NASDAQ: BMR)…
The Criteria to Look For On Monday Mornings
The first way to find potential stocks to trade (if you don’t have Oracle), is to run your scans.
The first thing we look for every morning is a big percent gainer. I like stocks that are up 10% or more in the premarket.
Next, I like stocks with news.
Beamr Imaging Ltd. (NASDAQ: BMR) had news that loosely tied it to NVIDIA Corporation (NASDAQ: NVDA) — that’s huge for a penny stock … Even if it is dubious news.
Thanks to StocksToTrade’s Breaking News Chat, I saw the news early.
After the news dropped, BMR was hit with a chat pump — another of the criteria I like to look for every morning.
It created a great buy in pre, sell in pre trading opportunity.
And before the open, I said if BMR can survive the chat pump, it isn’t over…
BMR checked the boxes with:
- A gap up in premarket.
- A press release that mentioned NVDA.
- A low float of 3.4 million shares.
- High volume in premarket with float rotation.
- A chat pump.
- Cheap locates for short sellers.
Once you find a box checker, you can apply what I call the ‘aggression progression’ of stock patterns.
It starts with looking for a dip and rip right after the open and applies all the patterns from my ebook into the afternoon and the next morning.
Then you wait for your chance to enter, use solid risk management, and take profits on the way up.
Look for all these criteria today to help you spot stocks with the most potential.
If you want help finding the hottest stocks — use our Oracle algorithm. We’ll show you how it works and how it can help you during our live training session.
It’s free to attend so sign up today!
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade