5 Top Tips to Trade a Hot Market

There’s so much opportunity in this hot market that my algos are kicking off all over the place. Follow these 5 tips so you don’t miss out.

Ben Sturgill’s

Supersized Income 365 Algo

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Every single day we’re seeing outstanding trade signals. Just remember that even though trading is simple, it’s not easy. If you overcomplicate it and break the rules, it’ll get real hard.

Here’s the Daily Accelerator agenda for today:

• The Big Picture: 5 tips to stay agile in a hot market. Especially true for small account traders.
• Watchlist: Another one crosses the Rubicon. We’re seeing this play out every day.
• On My Radar: Why optimism is so important, what Tesla shareholders really want, and heat shields made for skipping. Plus: A Musk-a-what?

The Big Picture

This market is hot. I don’t care what anyone says, the moves are big, and that creates the opportunities.

Now, that can also get you into trouble if you don’t follow the rules. You could call these rules or tips or whatever you like. Follow them and they’ll help you trade smarter.

Top Tip #1: Stay agile.

Don’t take this to mean you should be jumping from stock to stock and strategy to strategy. Not at all. Some might say that if you follow rules, you’re less agile. I disagree. If you follow the rules, then you are able to be agile when it matters. I’ll come back to that.

Top Tip #2: React, don’t guess.

Imagine you’re trading a small account. The reality of trading with a small account: you’re gonna have the majority of your buying power in each position. Now, be smart. Trade safe. But we know the reality. And that means you can’t afford to be sitting in something with most of your buying power used up, hoping for something to happen. If you guess, that’s exactly what you’re doing.

Top Tip #3: Trade the patterns.

Refer to the previous tip. If you’re not trading the patterns, you’re probably guessing. Worse, you might be following a chat pump. Or someone who knows just enough to be dangerous to themself and others. Learn the patterns. Trade the patterns.

Top Tip #4: Trade key breaking points.

It doesn’t matter if you’re long or short. There are key points like major resistance, red candle theory breakouts, red-to-green, and dollar cross. The list goes on. So many people want to play guessing games. They want to pile into stocks that aren’t doing anything.

Top Tip #5: Cut your losses on those that don’t work.

They don’t all work. You have to cut your losses when they don’t. That keeps you agile. It frees your buying power up for something that is moving, is a pattern, and can move the needle on your account.

Bonus Tip: Don’t chase.

Chasers get REKT (and it only happens on days that end in Y). Meanwhile, those who enjoy RCT or use the Oracle signal, wait.

Trading doesn’t have to be overcomplicated.

My Take

There’s nothing I hate more than sideways stocks. It’s the worst. I bring this up because I see a lot of small account traders sitting in stocks that are doing nothing. Not only are you burning your time, you’re just sitting there waiting for something to happen. Cash is a position, and a very agile one.

Watchlist

There are almost too many stocks to keep up with. It’s that kind of market. Today’s stock to watch is another dollar cross that triggered a Rubicon alert. It also signaled on the Oracle and Morning Income algos.

Arrive AI Inc. (NASDAQ: ARAI) gapped to the dollar cross in premarket, crashed back down, and then kept getting rejected at the dollar until the market opened.

Once it crossed the dollar with regular hours volume, ARAI was off. Remember this pattern.

On My Radar

• Who knew being an optimist is so good for you? Optimist Creed for the win.
• Splashdown: 695,081 miles later, it all comes down to 3 inches of silica fibres and epoxy resin, housed in a fiberclass honeycomb mesh.
• Tesla investors are hyping a SpaceX merger and it isn’t even public yet.
• Meanwhile, the Muskonomy is a real thing.