As we bid farewell to 2023, I can’t help but get pumped for the possibilities that 2024 holds for us!
The stage is set, and we’re in for a wild ride – thanks to these over-aggressive short sellers.
If you missed out on Friday’s biggest plays, I don’t want you to worry, because there will be some massive moves just like this right around the corner!
Soooo many big runners like $SXTC $CGA $YCBD $ADTX again today, don't feel bad if you miss any as there's always a new one around the corner, use @sttbreakingnews @StocksToTrade & XGPT to stay updated and try to stay patient/disciplined and learn from/take whatever play you can!
— Timothy Sykes (@timothysykes) December 29, 2023
Tomorrow, we’ll all dive into 2024 together, and I’ve got my sights set on the top plays.
Want to make sure you’re starting the year right?
Keep reading and I’ll lay out the game plan on how to make 2024 your best trading year yet!
Table of Contents
Rule #1 – Put Yourself In The Best Possible Position
I want every trader here to feel CONFIDENT with the trades you make.
I don’t want you to “think” it might be the right move.
Every day, I observe traders randomly buying stocks that are up just a few percent with minimal volume.
It boggles my mind that traders don’t listen to my advice when I say it over and again for them to focus on big percent gainers with volume.
Those stocks provide the price action necessary to set yourself up for success.
It’s important to understand that penny stocks often represent subpar companies, and most of them will fail…
However, this doesn’t mean they can’t offer some amazing opportunities.
Let’s dive into some of the top plays from Friday to give you a better idea.
cbdMD, Inc. (NASDAQ: YCBD)
Source: StocksToTrade
China SXT Pharmaceuticals, Inc. (NASDAQ: SXTC)
Source: StocksToTrade
YCBD was soaring over 80% and SXTC was spiking more than 120% early in the trading day!
We’ve consistently witnessed these beaten-down stocks soar higher, primarily due to over-aggressive short sellers.
I can assure you that similar opportunities will arise as we move through January and even longer.
My trading approach isn’t centered around buying and holding these stocks; we’re here to trade them.
When you find a big percent gainer, that’s just the beginning.
You need to understand what strategy fits each situation that comes your way.
Here are some setups I think of when I spot a big percent gainer.
Remember, it’s not just about spotting big percent gainers; it’s about knowing how to navigate and profit from them.
Rule #2 – Manage Your Risk
One of the biggest challenges traders face is determining the appropriate risk for their trades.
Success doesn’t happen overnight; none of my millionaire students achieved it right out of the gate.
Many of them grappled with challenges for months or even years before finding their rhythm.
The one thing many of my most successful students had in common was that they started with small stakes.
You don’t need to kick off your trading journey with hundreds of thousands of dollars to find success.
Understanding how to manage risk and identify the best setups is crucial because, without these skills, you will eventually fall to the wrath of the market.
Believe me, I’ve witnessed numerous students who began with larger trading accounts only to lose their money faster than those with smaller accounts.
If you don’t understand the basic lessons I share with you every day, it will be difficult for you to find success in this market.
With every trade I make, I’m looking to take a quick profit and cut my losses quickly if things don’t go as planned.
The name of the game is to protect your earlier gains and not to suffer from a massive loss that could potentially wipe out your yearly gains.
Small wins do add up, and focusing on the details will help you learn and better understand how my strategies work.
Rule #3 – Having The Right Tools
Penny stocks are known for their volatility, and we’ve seen how quickly they can spike off of a positive breaking news alert.
Being prepared is crucial in trading, and many of my successful students, as well as myself, have utilized StocksToTrade Breaking News and XGPT.
Numerous traders ask me how I’m able to find these amazing opportunities every day I trade.
I consistently emphasize it boils down to scanning the market for big percent gainers with volume while keeping an eye on breaking news alerts and XGPT to signal potential trades.
Don’t treat the stock market like a casino.
You can find a lot of success in this market, you just need to have the right tools and understand what to look for to help you get there.
Every day I remind my students what to focus on because just one simple mistake could turn into a trader’s worst nightmare.
Don’t let that happen to you!
Together, let’s make 2024 your best trading year yet!
👉Click here to see what I’ll be looking for every Friday in the year 2024! 👈
I’ll see you in chat.
-Tim
Leave a reply