Howdy traders, it’s Bryce here.
The best way to profit in this market is by playing the hottest stocks.
Let me put this in perspective …
You could play big earnings winners like Lowe’s Companies Inc. (NYSE: LOW). They released positive data today and shares spiked.
When the market opened there was still 4% available on the day.
That’s not a bad profit.
90% of traders fail. So I would never get down on anyone with 4% in their pocket.
But 4% on the day isn’t exactly my cup of tea … there’s not much room for error.
That’s why I focus on stocks like InMed Pharmaceuticals Inc. (NASDAQ: INM). When the market opened it spiked +50% in less than an hour.
INM chart 1-minute candles Source: StocksToTrade
That makes me feel much more comfortable!
I’m not even shooting for 50%. I’m happy with 10%.
Do that every day … it starts to add up.
I can show you how to find these wild runners.
Keep reading …
The Key to a Big Spike
Low-priced stocks with a low float spike the highest.
Shares are cheap and supply is tight.
It makes for a perfect time bomb.
Then the only other thing it needs is a catalyst …
An earnings winner is a good example of a catalyst. That’s why LOW would have been a respectable trade.
But the price is +$200 per share and the float is 620 million shares. It’s too overpriced and too liquid. There’s not enough squeeze potential.
But INM …
Today it opened just above $3. And the float is under 1 million shares (usually we aim for below 10 million).
Want to be alerted to hot trade ideas before anywhere else?
Breaking News Chat is the alert service that traders can’t get enough of. Two former financial analysts scour the stock market and news for stocks that could potentially spike and alert the room allowing you the chance to get in on the action.
Check out the alert for DLO on November 16th:
This is a tool you’ll want in your trading toolbox.
And best of all, the catalyst shows value added.
They announced grant funding from an engineering research council.
For a small company, this is a big deal. And the price spike reflects that.
Now … there’s a way to scan for these hot runners. But you’ve gotta be early to the party or you miss the first spike.
A lot of traders sit in front of their computers all morning scanning for hot runners with new catalysts.
But some people don’t have time for that.
That’s why the best traders use specific tools to make the search more efficient.
And it’s really helpful for those of us who use trading as a side hustle. There’s only so much time in the day. This tool helps us split our time while gaining an edge.
Use it to find the hottest stocks every day.
And add them to this watchlist …
#1: Merrimack Pharmaceuticals Inc. (NASDAQ: MACK)
I’ll keep reminding you of this huge spiker from last week. As long as the consolidation continues.
You can thank me later.
The float is 10 million shares. And it first spiked on cancer news.
MACK chart 5 – minute candles Source: StocksToTrade
#2: InMed Pharmaceuticals Inc. (NASDAQ: INM)
This shouldn’t come as a surprise.
The float is below 1 million shares. Yesterday it traded upwards of 26 million shares. There’s grant funding news.
And so far the price keeps consolidating under the break-out level.
Take a look …
INM chart 1-minute candles Source: StocksToTrade
As you can imagine, most of these moves are pretty quick.
Sometimes a couple of hundred percentage points in a few hours. That’s a huge opportunity for massive profits … but you’ve got to make it in time.
That’s why this tool is so valuable.
It delivers the hottest stocks right to your screen.
What would you do with an extra 10% in your pocket?
Trade alongside millionaire traders every day.
This is your chance to get instant access to the hottest chat room and trade alongside three 6-figure traders while using the same revolutionary trading platform they rely on every day.
