Happy Thursday, everybody. It’s Bryce here.
This year’s got me in the red, but I’m not mad about it. It’s taught me something important that’s been turning my trades back to the upside lately.
Here’s what I discovered…
Every Market Has an Opportunity
I’ll admit it … I got spoiled like everyone else in the last two years. I got used to the ‘pop and drops.’
You know what I’m talking about … breakouts on $5–$10 stocks that fly to the moon a whole dollar at a time … in mere minutes. Even better when they consolidate for a while, then make a fresh new pop.
I was livin’ for those trades!
If you love breakouts as much as I do, there are still opportunities to be had. You just have to adapt.
I thought the best thing to do was wait patiently for my favorite setups to come back. But what if that takes years?!
To adapt to this new market, I had to rethink what patience means.
What You Can Learn From Watching the Markets
So here’s the thing … Breakouts haven’t gone anywhere. They’ve just changed up their look.
When I started paying attention to the breakouts that were happening, I realized the pattern was the same. It’s just that they moved more slowly.
It might take a breakout a few hours to grind up. You’ve got slower movers because there’s less volume in the markets.
But most people would see working just a few hours a day for scalable gains as a pretty sweet ride. Good things come to those who treat trading like it’s their job.
When I applied my patience to time spent in a trade instead of waiting for a trade, I started to see improvements.
Check out a recent trade I made on a slow-moving breakout of Kaival Brands Innovations Group Inc (NASDAQ: KAVL) in the video below.
Trading isn’t some boring office job that never changes. That’s what I love about it. There’s always something new to learn.
When things change, it’s tempting to sit on the sidelines and remember the good old days. But if you love trading, you’ll adapt. You wanna keep your skills current after all!
In a slower market, it’s even more important to have help finding the opportunities that are out there.
StocksToTrade’s Breaking News Chat feature is a great way to stay on top of active stocks. If you watched my video above, you saw that the Breaking News Chat team recently alerted members to Mullen Automotive Inc (NASDAQ: MULN) before it saw a 90% intraday gain.
Looks like slow and steady does win the race!