Howdy traders, it’s Bryce here.
There’s a lot to do every day.
And if you’re like me, there are days you can’t finish everything.
We saw it in last Friday’s video. It’s definitely under 10 minutes, I was running late for a dinner.
But I still got to trade that day, because I prioritized. Maybe I’m a little late for dinner, but my priority is market profits.
Without profits, there are no dinners.
Most budding traders lose out because they can’t sustain the time commitment. They work a day job or go to school and there’s a lot of preparation that goes into trading … for most people.
Now that I’m in the industry, I’ve figured out which tools help me use my time most efficiently.
Every morning I take minutes to scan the hottest stocks while other traders spend hours. I’m doing less work and still profiting.
I can show you how.
And I’ll give you the best stocks on the scan right now …
Premarket Is Key
The biggest spikers of the day show signs of running in premarket hours.
Take DraftKings Inc. (NASDAQ: DKNG) for example. I explained my trade and the premarket alert in last Friday’s video …
I could spend an hour or two sifting through stock after stock looking for these telltale signs. That’s what the old heads used to do, like Tim Sykes.
And it works. I could do it that way and still be profitable … but I also like to sleep. And I’d argue sleep is a necessary part of profitable trading.
So instead, I use a scan to alert the hottest stocks based on past price action.
That way I get to sleep more.
And for a little taste of what it’s like, these are the kinds of tickers on the scan right now …
#1: Veru Inc. (NASDAQ: VERU)
First up is an incredible past spiker.
Around January 2021 it spiked from $3 to $24. That’s a 700% spike.
And today it woke back up. A sketchy biotech with news, what’s not to love?
The price is consolidating right now, watch for a possible break of the $16 resistance level. Here’s a chart …
VERU chart 1-minute candles Source: StocksToTrade
#2: GigaCloud Technology Inc. (NASDAQ: GCT)
This is a software company with a float of 13 million shares.
On Monday it traded upwards of 30 million shares. At least two float rotations.
A few days ago it announced a further expansion into East Asia.
This stock’s price is consolidating as well. Watch for further consolidation and a breakout through resistance from Monday morning.
GCT chart 1-minute candles Source: StocksToTrade
Tomorrow is election day.
There’s a pretty big likelihood we see major volatility.
A lot of traders think the election will act as a huge catalyst. And if they’re right, you better be prepared.
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 PKBO on November 4th:
This is a tool you’ll want in your trading toolbox.