Welcome to a brand new week full of profit opportunities …
Perhaps you already heard, Serve Robotics Inc. (NASDAQ: SERV) launched 240%* on Friday with news of a $3.7 million stake bought by NVIDIA Corporation (NASDAQ: NVDA).
I snagged a decent profit from this runner but I missed the earlier part of the move. See my post on X below:
Just got done with my pilates class, I'm healthier but poorer as a result, what a move on $SERV whewwww….in this case health is NOT wealth, what an amazingggggggggg opportunity for all longs who appreciate the sacrifices over-aggressive shorts make for us all!
— Timothy Sykes (@timothysykes) July 19, 2024
Here are my trade notes from Friday:
I’m ready for a follow-up move today …
But I’m NOT going to force any of my trades.
Instead, I’ll wait until the price action matches my trading pattern. That’s how I play the hottest stocks without giving myself a heart attack from stress, LOL.
Here’s the idea:
SERV spiked 240%* on Friday. The price could dip substantially on Monday. Even if prices rally to make new highs … I don’t want to hold through a bunch of scary price action.
Like I said, I don’t want to have a heart attack.
This is how I’m approaching a trade on SERV …
The Best Setups
My bread and butter strategy right now is to profit off of intraday price bounces.
For example: On Friday I snagged a 3% profit from the 240%* available …
It might not seem like much. But these small gains add up!
Let’s say I magically caught 200% of the SERV move. I’m playing devil’s advocate …
With a starting stake of $21,270, that’s somewhere around $40,000 in profits …
That sounds great! But I can’t live off of $40,000 for the rest of my life … I’m going to trade again. And the chances that I catch another 200% run are slim to none.
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That’s why I focus on small (less-stressful) gains.
Everyday I wake up and follow a tested process for profits. This process helps me be successful without raising my blood pressure.
I know a lot of traders who look older than they are because they play stressful positions. Friends, focus on sustainability!
Take a look at the intraday chart below of SERV from Friday. I traded one of the afternoon bounces.
Every candle represents one trading minute:
You don’t have to swing for the fences.
And you don’t need to be an expert right away.
My newest students are using AI to track this price action in real time! The AI follows my process for profits and offers solid trade setups based on support and resistance.
Use AI this week to build smart positions on the hottest runners!
Get ready for follow-up moves from SERV.
It’s a question of when, not if …
This is a low-priced stock with a red-hot NVDA catalyst. Our next opportunity isn’t far away!
Pay attention!
Cheers.
*Past performance does not indicate future results
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