There have already been HUGE opportunities to profit this week.
I snagged $1,750 in a matter of minutes on Ocean Biomedical Inc. (NASDAQ: OCEA), starting stake of $15,550. The stock spiked 80% yesterday.
80% gives us a lot of room for error. And that’s key!
It’s almost impossible to time these plays perfectly. Instead, we take the meat of the move. I snagged a cool 11% on OCEA. That’s all it takes.
And I wasn’t the only one to trade it. My students are on fire right now!
@timothysykes , @TraderBryce another banger alert from Okie 😉 this am for the @SmallCapRockets room inside @StocksToTrade platform.. $OCEA in at 2.27 best sell 2.55.. told everyone it had another leg potentially and i accidentally missed the re-entry BUT happy with first trade pic.twitter.com/vi0eWIbAlK
— Sean Riddell (@Okie_Tradez) March 4, 2024
@timothysykes Began my journey in 2020. Only now seeing some consistency. Gotta Stay humble and dont forget to cut losses. Go for singles not homeruns! STUDY STUDY, REFINE, REFINE, TINKER! $OCEA In 2.94 Out 3.32 pic.twitter.com/ZHtbUpKj7W
— BrownieTrader (@BrownieTrader) March 4, 2024
You have to understand the insane opportunities at our fingertips in 2024.
The market isn’t always this hot!
It’s all thanks to the AI and tech momentum that started in early 2023. The run is reaching a fever pitch right now.
The sector leaders are surging to new heights and they’re bringing the whole market with them!
Take a look at NVIDIA Corporation (NASDAQ: NVDA), it spiked to new all time highs:
So did Super Micro Computer Inc. (NASDAQ: SMCI), and this company is set to join the S&P 500:
Stop sitting on the sidelines!
You don’t need to trade the expensive stocks to profit. We just watch the sector leaders to keep an eye on momentum.
OCEA never traded above $4.
Time is of the essence: No one knows how long this momentum will last. We know that it’s easier to profit when the market is hot, 3 out of 4 stocks follow the market …
That’s why you need to pay attention right now!
How I’m Trading Right Now
It’s all about support and resistance.
We have to trade the right stocks, but once we find the hottest ticker, we analyze past price action to plan a ‘safe’ entry.
If you’re unfamiliar with the concept of support and resistance there’s a video below:
And you can see in my trade notes how important this is:
Here’s my trade overlaid on a chart:
Hindsight is 20/20.
I know it looks simple on the chart above. New traders have to gain experience before they can effectively profit off of these runners.
Understand this harsh reality: I already mentioned that 3 out of 4 stocks follow the market. It’s easier to get lucky right now.
But when the market inevitably pulls back, a laissez faire trading strategy will come back to bite you in the butt. My Tweet below explains this essential idea:
To anyone banking right now, NO, you're not a genius, NO, you're not finally "getting it", this is the single easiest market to trade in the past 3+ years…anyone with any planning or knowledge whatsoever is absolutely cursing it right now, so have perspective and don't get…
— Timothy Sykes (@timothysykes) March 4, 2024
My students and I are banking right now because we’re prepared.
And we know the reality behind this market: These opportunities won’t last forever.
- Get in.
- Get out.
- Pat yourself on the back and get ready for the next one.
Here’s how I find the hottest stocks:
Take Advantage RIGHT NOW
We use support and resistance to find perfect entries and exits on the market’s hottest stocks.
But … Even the best trade pattern is useless if you choose the wrong ticker.
I use StocksToTrade Breaking News to find stocks that are spiking before they go vertical.
I’ve been in this industry for over 20 years. I have over $7.5 million in trading profits. And I still use Breaking News.
For decades Wall Street’s been paying for early news, before the public. They get privileged reports because they have the money to spend.
That’s a huge disadvantage for small-account traders.
Breaking News is my solution.
It’s run by 2 former Wall Street hedge fund guys. They alert at lightning speed the kind of news that moves stocks.
It’s less work for me, and I get eyes on these stocks earlier.
Use StocksToTrade Breaking News the next time you plan on trading! Here’s a link for a $17 trial.
The early bird gets the worm …
Cheers.
*Past performance does not indicate future results
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