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Important Lessons Behind $BLDE

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Written by Timothy Sykes
Updated 11/8/2023 7 min read

Do you want to find the best trades in today’s market with confidence?

It all starts with knowing where to begin.

I didn’t become a millionaire by chance, and neither did my 30+ millionaire students.

So, what’s the key to our success?

There’s no secret; it’s about grasping a simple process that many beginners overthink.

Today, I’ll be breaking down my latest trade to show you how I was able to spot it and what my thought process was so you can be better prepared to spot opportunities like this as soon as tomorrow!

Let’s dive in.

Educate Yourself

There’s nothing that brings me more joy than witnessing my students achieve success with their trades!

The good news is, you can tap into the same opportunities as them.  Allow me to clarify…

The deeper your knowledge of trading penny stocks, the more confident you’ll be to make informed decisions.

Think about it for a second, the more surgeries a surgeon performs the more comfortable they are with their procedures.

The more a professional athlete practices, the better prepared they’ll be come gameday…

The more a student studies for an exam, the better prepared they’ll be for their test.

The same rules apply to trading, the more you study and understand how these penny stocks work, the better off you’ll be.

It’s crucial to realize that success won’t come from simply buying and holding these stocks as if they were long-term investments, or chasing after tips you hear in chat rooms.

Success hinges on your comprehension of a proven trading strategy.

I get it, most people who get into trading want it to be simple and a quick way to make money…

And I have to be honest, greed and impatience work against you.

Each day, I share my thoughts and ideas to help you gain a deeper understanding of how penny stocks work…

And as it may seem redundant to some of you, that’s the point!

Repetition is going to help you become more comfortable with specific setups…

While knowing how to minimize your losses and maximize your gains.

That’s the name of the game and that’s how I was able to comfortably trade Blade Air Mobility, Inc. (NASDAQ: BLDE)

Let me show you how I traded it from start to finish.

Starting Point

I mentioned earlier that you might find some of my statements repetitive.

Now, I’m about to mention something that many of you have likely heard before.

I was able to spot BLDE simply by focusing on big percent gainers.

Let’s take a look at what BLDE has done over the last six months…

Source: StocksToTrade

Absolutely nothing!  It’s a garbage stock if you ask me…

But we’re not trading them because they’re high-quality companies, we’re trading them for their volatility.

Yesterday morning, BLDE was soaring higher primarily due to its strong earnings report…

And over the last few weeks, we’ve seen how a few of these earning winners played out.

You can see all of my trades right here! 

Seeing this stock soar higher, my plan wasn’t just to buy it and hope for the best.

More Breaking News

There were a few more steps I needed to follow to feel comfortable before I made a trade.

Diving Into A Trade

Once I notice a stock on the rise, that’s when I take a deep dive to see what the cause of it is.

We knew that BLDE was an earnings winner, but that doesn’t fully convince me that I should trade it.

First, I want to know where the support or resistance levels are.

I’m not looking to buy a stock that’s up against a multi-month resistance level, but I’d rather buy it closer to a support level where I have a decent risk/reward ratio and it has room to run.

I drew a line so you can better understand what I was looking at.

Source: StocksToTrade

In the chart above you can see what once was support became resistance.

I anticipated that BLDE may have a difficult time breaking through the $3 per share mark, but I also noticed potential support around $2.60, a level it had recently broken through.

At this point, I knew that this stock had news…

I knew where my potential entry and exit points were…

I knew it was volatile…

And once I finished my full deep dive into BLDE, that’s when I decided to trade it.

Source: StocksToTrade

In the chart above, I drew those same support and resistance areas that I saw from the six-month chart to help you see it better.

I bought BLDE on the dip off that resistance level at $2.81 and sold it at $2.9 for a $315 profit.  (Risked $9,835).

With these types of plays, you never want to hold and hope.

I was just simply looking to take the meat of the move and get out.

Next Steps

I was happy with this small win…

But most newbies aren’t and they continue to trade throughout the day where they are less likely to find an ideal setup for them to take advantage of.

The same strategy I share with you daily is what has helped me achieve over $7.5 million in trading profits…

And with over 30 students who became millionaires and more in the making…

You can do the same.

So do you want to better understand my mindset and methods behind my trading strategy?

Or how you can better spot opportunities like BLDE and take advantage of them?

Be sure to join me in a live trading session where I dive into the details to help traders like you better understand the strategy behind spotting a big percent gainer.

Don’t treat trading like it’s a casino from your home…

Make sure you understand how these penny stocks work so you don’t let another opportunity like BLDE pass you by.

Believe it or not, small wins do add up, as long as you know how to minimize your losses.

If you want to learn more about penny stocks…

🚀Be sure to claim your spot today in our upcoming live training session! 🚀

 

I’ll see you in chat.

-Tim

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is 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. Millionaire Media LLC and Timothy Sykes 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. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes 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, nor 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.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”