What Kind of Trader Are You?

Finding what makes sense and works for you as a trader is crucial to your success. 

With so many potential strategies, setups, and patterns, it can be tough to figure it out in the beginning. 

But eventually, all successful traders have to do it… 

Whether you go long or short, dip buy or buy strength … Every good trade starts with recognizing an opportunity. 

So today I’m showing you how you can discover stocks before they have big moves… 

Even if premarket is busy with a lot of noise, and without having to rely on anyone else to give you a hot stock pick.

How to Spot Hot Stocks

In premarket yesterday there were a lot of potential trades. Usually that’s a red flag… 

Because there’s not one stock that has the attention of most traders. 

It can make it hard to choose which stock will be your main focus for the day. 

But as I always say, “There will be one…”

There’s usually at least one great setup to trade on any given day. Yesterday there ended up being two great spikers… 

So how can you spot them before they spike? 

Well, first, let me be clear… 

I didn’t like Momentus Inc. (NASDAQ: MNTS) much in premarket yesterday because of the lack of volume… 

But it ended up gaining 76% and having a huge morning spike. 

It opened above the $3.60 key level I liked… 

And the real volume came in when the stock broke above the Oracle signal of $3.82. 

So I had to change my opinion when the market showed me there was interest in the stock.

My trading mentor Tim Sykes saw the opportunity in MNTS and made $690 on his morning trade. Then he dip bought it again later for another $425. 

So it doesn’t matter whether you like to buy strength or dip buy stocks… 

The first step to making it as a trader is being able to recognize stocks with the potential to move. 

And when you have the right tools, you don’t have to rely on anyone else to hand the right stocks to trade… 

The goal is to seize the big, unmistakable opportunities. Ride the momentum, leave the emotions behind, and stay focused on your plan.

— StocksToTrade (@StocksToTrade) October 16, 2023

Tempest Therapeutics, Inc. (NASDAQ: TPST) wasn’t even on my radar in premarket yesterday because there were so many other hot sector stocks spiking. 

But TPST is one of the biggest runners from last week … It’s been beaten down and then yesterday it opened green… 

That’s a good sign for shorts to exit. 

Oracle picked up on the stock’s potential to have an explosive move… 

TPST was on its list of top stocks to watch and it gave an entry signal at $4.21.

From there, TPST made a 78% move to a high of $7.50!

That’s why one of the best ways to find the hottest potential stocks of the day is to use Oracle. 

If you’re struggling to find your best stocks to trade, if you don’t have a mentor, or if you’re just overwhelmed with all the opportunities… 

Oracle can help you focus on a few stocks with the most potential and give you key levels you can use for your entries.

Oracle’s only available on StocksToTrade as part of our Daily Income Trader system. 

See how it works and what it can do for your trading during our live training sessions… 

🚀 You’ll see the hottest Oracle stocks of the day. 

🚀 We’ll go over which setups worked and why. 

🚀 Plus, we’ll dive into the stocks and moves to look for next… 

Check out our training schedule here and sign up for the next one now! 

Have a great day everyone. See you back here tomorrow. 

Tim Bohen

Lead Trainer, StocksToTrade