One of the greatest lies is that you need a lot of money to get started with day trading.
And I’ll prove it to you shortly.
In fact, I hand-delivered you a free trade idea yesterday that went absolutely bonkers.
If you started with $160 you could have doubled it on this one single trade.
It pays to get my watchlist…
Don’t miss another Daily Accelerator or weekly watchlist — mark my emails as important so they land in your inbox and not in your trash!
Free Trade Idea Offers 134% Gains
On Sunday’s weekly watchlist, I included GlucoTrack, Inc. (NASDAQ: GCTK) after it had a beautiful VWAP hold high of day break on Thursday…
It closed near its highs and gained a whopping 630% after hours.
Now, most traders would think “it’s up too much” and they write off any potential trade except a short … But that thought process is exactly why we see these incredible short squeezes.
My watchlist trade plan for GCTK included a potential entry over $1.60 with risk on that level.
And you can see that GCTK spiked through $1.60, then consolidated and never broke back below it…
GCTK chart: 1-day, 1-minute candle — courtesy of StocksToTrade.com
Even if you had $200 in your trading account, you could’ve followed the plan I laid out — for FREE — and bought 100 shares at $1.60 using that level as risk…
Then if you have StocksToTrade (try it here), you can use Oracle’s support and resistance levels to guide your exits.
Look how GCTK followed the Oracle levels … You could’ve taken $40 in profits if you sold at the first resistance level at $2…
You could’ve made over $100 if you held to the next Oracle level at $2.73…
And if you were really patient — you could’ve made over $200 if you sold just before the Oracle resistance level at $3.83. That ended up being where the stock topped out…
GCTK chart: 1-day, 1-minute candle — courtesy of StocksToTrade.com
Even if you traded this conservatively, a $40 gain on your initial $160 position would have been a 25% gain!
That’s how you can grow your small account over time…
Focus on low-priced stocks like GCTK that have a ton of volatility. Develop and follow the right plans, and use Oracle to help you spot resistance areas to use as your exit.
Get the Oracle support and resistance level indicator when you try StocksToTrade today!
And find out what stocks I’m looking at three times a week in my Market Update videos.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade