Every morning there are traders who sift through a laundry list of stocks, analyzing charts, looking for big percent gainers in preparation for the market open.
For beginners, this can be overwhelming…
Fortunately, there is a way to streamline this process and identify some of the best trades without spending countless hours of your day glued to a screen!
Even while traveling, it’s possible to find and execute lucrative trades with the right mindset and tools.
So today, I am going to break down my $1,372 win from Tuesday (I risked $25,900 in capital) and explain how you can find trades like this…
Without the hustle and bustle of searching through hundreds of stocks every morning!
Let’s begin…
I Always Remember…
I write down every trade, good or bad…
You see, you can’t be in 50 places at the same time, and when the market’s hot…
You won’t be able to trade every single stock imaginable, and nor would you want to…
But you’d want to make sure you focus on the best possible plays.
Find out more about how you can spot the best possible trades
Over my years of teaching, I’ve missed plenty of Supernova’s…
And it can be quite frustrating knowing you just missed the move of the century.
But if you let that play with your emotions, you’ll start forcing trades that you shouldn’t be in and thinking, “only what if…”
The best thing any disciplined trader can do is make sure they add it to their watchlist.
I know, many of you may think say…
“Tim, what good is that, the stock already went to the moon!”
Well, there is plenty of good with that, and it’s all part of my framework…
That’s how I’ve learned to capitalize on plenty of these trades, despite missing a huge run-up early on.
Every time a stock goes Supernova, I write it down, study it…
I remember that it has the ability to spike based on any type of catalyst…
And those are the most volatile play.
If they have done it once, they have a chance to do it again down the road.
So on Tuesday, I noticed a stock that was a previous Supernova, and I knew with this type of news, it could offer a great opportunity….
Trading A Previous Supernova
Lately, we have noticed a lot of mixed plays from the market…
And that’s why it’s important to remain patient, don’t overtrade, and take small position sizes on speculative trades to help us see what’s really working…
There’s nothing wrong with that, it’s all part of the learning process.
Over the last few weeks, I’ve mentioned that there are a lot of one-day OTC spikers that are failing the next day, so it’s important not to hold onto them for too long…
Here are some examples
- Full Alliance Group, Inc. (OTC: fa*gI)
- Clean Vision Corporation (OTC: CLNV)
- Psykey, Inc. (OTC: CEOS)
Go back and take a look at the chart…
What do you see?
These are only a few over the last few weeks that I’ve traded and noticed…
But on Tuesday, I traded American Battery Technology Company (OTC: ABML) thanks to this news.
I was traveling, and when I got this alert, I went to go analyze the chart…
And saw it was a previous Supernova, had the ability to spike quickly, and previous news catalysts had helped fuel its previous runs.
So even though I rarely trade when traveling, I wanted to give this a shot given the latest news.
Here’s the chart…
When the initial alert came out, I didn’t want to chase…
The stock has already moved nearly 25%, and for a move like that, I just had to wait…
So when the stock came off of its highs, and with news like this…
I knew this was my chance to give it a whirl.
Be sure to see how you can trade a Supernova if you missed it
Here’s my trade…
I tend to take quick profits on plays like this, I don’t like to hold as they can come crashing back down to earth…
But just because you exit a trade doesn’t mean you can’t re-enter it…
In fact, I do this quite often because I noticed where traders were buying and selling on Level 2, helping me make a better-informed decision.
You can learn all about Level 2 trading here
Here was my second trade on the day on AMBL…
I noticed a lot of support at $.80ish and was hoping for it to retest the highs of the day.
But unfortunately, I noticed there were big sellers everywhere on the ask, and I decided to lock in my earlier gains.
As the stock progressed, I started to see the stock drop further, and the news was still meaningful to this stock…
So as I saw the stock drop to near its price at the open, I wanted to give it another shot.
I simply couldn’t resist, so here’s my third trade on ABML.
It’s good to remember that you can dip-buy stocks that have a solid news catalyst intraday…
The stock had a nice bounce, so I decided to take my profits again before I jumped on my plane back home.
If you were in this trade and were able to last and take profits along the way until it broke $0.90, kudos to you!
But remember if it doesn’t work the way you planned, cut your losses quickly!
One Last Thing
Time and Time again StocksToTrade Breaking News keeps coming through for me…
Helping me lock in some of my biggest gains this year!
As the weekend approaches, we are still seeing OTCs spike, but there is more than one way to profit from these types of plays…
And here is why I will be keeping a close eye on these OTC plays tomorrow!
Until next time…
-Tim
