The market changes and you have to adapt to it. Some traders are complaining that there are no opportunities and that this market is slow.
I agree it's slower — but it's nothing like the dark days of trading before 2016…
You just have to learn to follow the opportunities…
What I See Working Right Now
First, true penny stocks (stocks that trade under $1) have been hot.
Cosmos Holdings Inc. (NASDAQ: COSM) is a great example.
It's also a stock where dip and rips in the morning worked well. But I don't like true penny stocks. So I haven't been in love with COSM. But if you can trade them successfully — that's great.
It's had three dip and rips in the last four days…
But that's not the only place I see afternoon patterns working…
Multi-day runners are another area traders should focus on. These are stocks that hold up for multiple days and offer more than one opportunity to trade them.
COSM is one example. Digital Brands Group, Inc. (NASDAQ: DBGI) is another one…
It had two afternoon high of day breaks in the last four days. And yesterday it had a day-three surge over Thursday's high.
In yesterday morning's SteadyTrade Team webinar, I said to watch for that pattern. I also said the key level to break was $6.50. From there it shot up to over $9 per share!
So when you break it down, there are opportunities out there.
It just depends on what works for you…
If you're like me and don't like the true penny stocks — then avoid trading them. Focus on the multi-day runners and look for afternoon patterns.
If you can only trade in the morning, then focus on the stocks that are showing that pattern.
Finding the right trades is just about being selective.
And breaking down what you see happening in the market — like I just did — can help you spot themes you can take advantage of.
This is what I do every morning in the SteadyTrade Team ... We see what stocks are moving in real time, and we adjust our plans as the premarket and market open action unfolds.
24-year old Matt was like most college students. Studying in college, broke, and worried about landing a 9-to-5 job… until he discovered this 3-Step System!
After only two years Matt collected over 1.4 MILLION dollars from trading…
And it's all because of something called "Oracle."
(As an Amazon Associate, we earn from qualifying purchases.)
13809 Research Boulevard, Suite 500, Austin, TX 78750
*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.
StocksToTrade in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, StocksToTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.
Tidak ada komentar:
Posting Komentar