How You Could Find Trades Like $FUBO

Updated 5/5/2023 6 min read

I know how frustrating it can be to suffer loss after loss as a new trader…

I was in that same exact position over 20 years ago.

I had no idea where to start, or what to look for…

Then eventually it all started to make sense. The good news is that over the last 20+ years, I’ve been able to develop a process that has helped me and many of my challenge students know how to spot some of the best opportunities in the market…

And if you’re struggling with where you should start finding trades, then today’s message is for you!

In just a minute, I’m going to break down one of my recent trades and how I found it, so you know exactly what to look for every day the market opens.

So quit guessing on what stocks to trade and keep reading how you can spot some of the best opportunities this week!

Finding The Best Plays

There are thousands of opportunities in the market for you to choose from…

But how do you know which ones to focus on?

I get it, that’s like finding a needle in a haystack…

There’s no way for anyone to look through all of them in a single day…

That’s why it’s important to know how you can eliminate 99% of them.

Here’s what I do…

First, I always use StocksToTrade Breaking News.

It’s been my holy grail for years, and I can’t live without it!

UGLY $DIA $SPY $QQQ market 2 days in a row, but with my early buy on $SVRE today that makes it 2 in a row where I bought the biggest % winner in the entire market, yesterday I nailed $VPLM early. Be sure to use https://t.co/uZsGI8OfGS do NOT be unprepared like most people are!

— Timothy Sykes (@timothysykes) May 4, 2023

As we all know, I love stocks that have a strong catalyst…

After all, that can be what makes them go full Supernova.

A few examples of a catalyst could be:

Chat room pumps
Earnings
Rumors
News about company products – i.e) cure for cancer

The list goes on and on…

But knowing what makes a stock move can give you those plays you want to look for.

Second, I always look for big percent gainers.

Most traders with small accounts don’t realize they have an advantage when it comes to trading.

We want stocks that are volatile and have liquidity.

Don’t trade those choppy stocks, stick to those low-float stocks that have the volume that could potentially set us up for something big.

This is how I set up one of my screeners to capture some of the best opportunities, typically those that have spiked over 20% in a day…

Volume – over 1,000,000
Float – Less than 10,000,000
Less than $5 a share

For every stock that fits those categories, I’ll look to drill down into them further and make sure I apply it to my 7-Step Penny Stocking Framework.

On Friday, I didn’t find fuboTV Inc. (NASDAQ: FUBO) by luck, and by catching it on my screener, here’s what I did…

Friday’s Trade

Early Friday morning FUBO was moving pre-market…

And every time I see a big percent gainer and high volume, I always want to take a look at it.

It’s important for everyone to go back and look at multiple time frames to understand how the stock has performed in the past…

And the first thing I noticed was that it was a former Supernova.

Back in 2020, FUBO went full Supernova, but over the last year, it hasn’t done much…

And the fact it’s a previous Supernova, I didn’t want to ignore it, so I dug into it a little bit more as to why it was spiking on Friday.

Shortly after looking up the stock, I noticed that it was an earnings winner.

This is a solid catalyst that could really help this stock move.

Here’s the breakdown of my trade.

I didn’t buy the stock right as the market opened…

In fact, I was waiting for it to break out from its previous high of day.

Once the stock broke through, I entered my position at $1.47 and sold at $1.59, a profit of 8.16%

I was in this trade for about 5 minutes, and most traders ask me why I sold it so quickly.

I’m always in and out of trades quickly, I’m just looking to take the meat of the move…

I’m not looking to increase my risk by staying in it longer than I have to, and I noticed that it was looking toppy and there was some long-term resistance at the $1.60 mark.

It’s important to know how to sell into strength to prevent you from losing any gains you may have had.

More Breaking News

I saw there was a wall of short sellers looking to beat down the stock, so I figured I’d lock in my single and call it a day!

Final Thoughts

If you’re serious about knowing how to find some of the best opportunities you need something like StocksToTrade Breaking News…

But you also need to know what to look for after you spot them.

Trading isn’t just about buying a stock that may be a “hot” pick…

You need to meticulously plan your entry and exit, and be able to spot if the setup is right.

Don’t make the mistake of buying at the wrong time, make sure you know what your next step should be.

I’ll see you in chat.

-Tim

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