Howdy traders, it’s Bryce here.
One of the most essential aspects of stock trading …
The first thing traders need to learn …
How to recognize an opportunity.
It sounds simple. But a lot of new traders get sidetracked by random stocks that they hope are good plays.
Stop hoping.
Start doping.
And by that I mean … overload your brain with the information I’m about to drop on you.
Don’t do drugs. That’s something we leave to the stock promoters …
There are two big opportunities on my radar right now. Today I’ll introduce you to both.
Let’s get into it …
Monday Spikers
Mondays are ripe with volatility.
I’m talking big juicy strawberry ripeness.
And if you’re looking to trade, the nearest opportunity is on Monday, right after the market opens.
We’re in a perfect market for it too.
Major indices shot higher last week to continue an already mind-boggling bull market.
The S&P 500 ETF Trust (NYSE: SPY) spiked more than 20% in 2023 thus far and it’s still trading near the highs.
That bullish volatility creeps into our low-priced sector. Which means on Monday, we’re sure to see some crazy spikers.
Don’t worry, I’m prepared with a key pattern to use.
But before I share it, take a minute to assess your level of expertise.
If you’re new to trading, I encourage you to focus on one pattern at a time.
Juggling too many strategies, in the beginning, can lead to disaster. Focus on a classic pattern (like the one below) and patiently wait for a stock to fall into the trap.
My mentor, Tim Sykes, always says he trades like he’s retired.
The mindset keeps him out of bad plays. Essentially, he’ll only “come out of retirement” if a stock is too good to miss.
He’s not really retired, already in 2023 he’s made _trades and he’s up more than $ in profits. But the mindset keeps him profitable.
So put on your grandpa shoes, pop in those dentures, and when the market opens on Monday morning, take a glance at the charts through those extra strength readers.
Opportunity #2
Lots of people that start trading have a day job.
And that’s how it should be.
It’s almost impossible to pick up trading and replace your yearly salary right away.
Unfortunately, that means people have less time to watch the market.
That’s why we focus on key days like Monday.
Try to clear your schedule for one day a week and dedicate time to the market.
The second opportunity is more accessible for people with day jobs … focus on Monday trading if you can and mark your calendar for Thursday at 8 PM Eastern.
StocksToTrade lead trainer Tim Bohen is scheduled to announce the most recent innovation in our niche.
A little backstory … Tim Sykes and Tim Bohen collaborated on the StocksToTrade software so that it especially added value to small account traders.
And the StocksToTrade team is always looking for ways to improve the software along with trader opportunities.
Thanks to AI … productivity levels are about to shoot through the roof.
The team’s newest development could quite literally change our niche forever.
Sign up for Thursday’s live presentation.
We’ve already seen the beginnings of AI’s impact on other industries. It was only a matter of time until it seeped into the finance world.
As a professional trader, my goal is to stay ahead of the curve.
These innovations help us gain an edge in the market.
If AI can help my process, I’m all in.
See you in the next letter.