It’s All AI

by | Mar 21, 2024 | Trading Lessons

Hey traders, it’s Bryce here.

We’re still watching AI.

There were two MASSIVE trade opportunities yesterday with AI catalysts.

  • The first announced a new licensing agreement with mlSpatial, an AI company.
  • The second is acquiring The Social Proxy Ltd. in an effort to expand further into the AI sector.

While the entire market is focused on NVIDIA Corporation (NASDAQ: NVDA), there are daily plays among small-cap runners like the ones I’m about to share with you.

For context, earlier in the week, NVDA held an annual conference unveiling a new design of microchips for AI. But it didn’t help the share price jump after the recent pullback. NVDA is still consolidating sideways.

“Is it going to break out? Will it dip further? Should I buy it right now? Should I sell?”

I don’t know. And I don’t care.

NVDA share prices are above $800. A break out right now would be a 10% move.

One of yesterday’s AI spikers ran 160% before noon.

It’s simple math:

  • I can profit 20% on a 160% run.
  • I cannot profit 20% on a 10% run.

It’s easier said than done. But contrary to popular belief, there IS a process for profits in this market.

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I’ve already used it to cross $1 million in trading profits. And there’s no reason I should stop now. These patterns keep repeating in the market.

Especially on red-hot AI plays like yesterday’s 2 runners.

2 Hot Stocks

TruGolf Holdings Inc. (NASDAQ: TRUG) started spiking in premarket with news of a new licensing agreement with mlSpatial. Breaking News alerted the run at 9:01 A.M. Eastern.

We CAN trade during pre-market hours. Recently there’s been a lot of good premarket volatility. If you work a day job, early morning trading could be the solution for you. Just keep that in mind.

Here’s the alert we got on TRUG:

And a few hours later we got another AI-related alert.

Understand, in a ‘normal’ market the hottest times to trade are the first and last hours of regular trading. But in this 2024 market, we can see spikers all day long.

XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) announced an AI-related acquisition of The Social Proxy Ltd. and Breaking News alerted the move at 10:19 A.M. Eastern.

There was a lot of meat on this bone. Remember that we don’t aim for the whole move. Keep your emotions in check, otherwise the market will humble you.

Keep an eye on both of these stocks today: Thursday, March 21.

We’ve seen AI plays like these spike for multiple days. Now, maybe the price action takes a break to consolidate for a few days, that’s a possibility as well.

Keep them on your watchlist as long as the price stays up.

Always remember that they’re trash penny stocks. The price will crash eventually. But we can take advantage of intraday volatility by using popular trade patterns.

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The Next Runner

These patterns repeat in the market.

It’s because they’re based on human emotion. People behave predictably during times of high stress and/or greed.

Don’t buy this volatility at random. That’s a recipe for disaster.

I use Tim Sykes’ 7-Step Framework to build profitable positions. Not all stocks will follow the framework. It’s our job to focus on the best plays. And that’s where Breaking News comes in handy.

I wait for an alert, and if the stock starts to follow Sykes’ framework, I plan an entry and an exit. Always stick to the plan.

Sometimes trades fall apart. That’s the nature of the market. We need to have enough discipline to cut those losses before it turns from bad to worse.

Use Breaking News today while you trade.

It will scan the market while you focus on trading discipline.

Cheers,

Bryce Tuohey

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