Howdy traders, it’s Bryce here.
It’s setting up to be a great week for penny stock trading …
Monday already gave us a lot of great price action.
If you didn’t see, yesterday a biotech launched over 400%. And it started trading under $1 per share.
The price will eventually crash back down … but in the meantime, there’s a lot of volatile price action to take advantage of.
Today I’m going to share my top watch for Tuesday and the template I’m using to find more stocks that are just as explosive.
Keep reading …
One of the biggest dangers to a trader is their own greed.
It’s possible to pull sizeable profits from some of these plays …
But I’ve seen traders lose substantial amounts because they thought they knew better than the market.
To survive in this niche it’s imperative to stay selective (or picky).
We only focus on the best plays. Because anything less than the best is too dangerous to bother with.
So when the starting bell rings on Tuesday, make sure to have eyes on Trevena Inc. (NASDAQ: TRVN).
Biotech tickers are hot right now, and TRVN is a perfect example.
Yesterday the company announced Chinese approval for their pain drug and the price spiked over 400%.
That was just day one …
We often see opportunities on these volatile stocks for days after the first spike.
And I’m always looking for more tickers.
Stocks that …
- Are in a hot sector
- Have hot news
- Have a float below 10 million shares
- And have already spiked at least 20% that day
Now … finding these tickers and trading them are two very different things.
If you’re looking to capitalize on this volatility, make sure to watch at least one live seminar.
There are professional traders like our very own Matt Monaco scheduled to demonstrate good trade techniques.
All you’ve gotta do is sign up for a time slot.
And remember, we only want the best plays!
I’ll see you in the next letter.