How To Trade The Hottest Catalyst

by | Feb 7, 2023 | Market Lessons

Howdy traders, it’s Bryce here.

There’s only one kind of stock I’m watching right now.

It’s the hottest catalyst out there. And the hottest sector.

We’ve already seen spikes of … 

  • +340%
  • +180%
  • +330%
  • +160%

And it’s only heating up.

Late yesterday, Alphabet Inc. (NASDAQ: GOOG) made an announcement in the same sector.

And when companies like Google get involved, you know it’s the real deal.

So, to start Tuesday morning, I’m opening StocksToTrade and looking for one kind of ticker … 

Yesterday’s Example

There was a huge opportunity yesterday in this sector.

It’s all about artificial intelligence right now.

ChatGPT set the market on fire.

And Google just announced a rival service called ‘Bard’.

Why can’t veteran trader Tim Bohen stop laughing?

He says he’s just identified the ultimate revenge trade…

And can’t wait to hear from the haters.

Last year, people who doubted him missed out on the opportunity to make EIGHT TIMES their money.

Yesterday there were two big runners to take advantage of … 

Secoo Holding Limited (NASDAQ: SECO) announced ChatGPT news.

The float is only 7 million shares. It was an obvious spiker. And by 11 A.M. Eastern, the price had run +160%.

In the morning there was a perfect dip buy opportunity. Another one of Sykes’ students, Roland Wolf has a really good video describing the pattern. Here it is … 

And here’s the chart … 

SECO chart 1-minute candles Source: StocksToTrade

It wasn’t the only runner.

SoundHound AI Inc. (NASDAQ: SOUN) launched another +50% after a big run the day before.

Here’s a chart … 

SOUN chart 3-minute candles Source: StocksToTrade

Recognize this strength. Study it. Because we’re going to see more spikers like this throughout the week.

Also, as you can see from the $SOUN chart, there are opportunities to profit overnight. It takes a special pattern. But so do all the profits in this niche … 

The benefit of this strategy is that a trader could work their day job, buy shares right before the market closes, and then sell the next morning when the stock gaps up.

It’s the ultimate side-hustle strategy.

Try to incorporate trading into your current schedule. You don’t need to quit your job for this.

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Actually, a day job keeps traders busy. Idle hands can cause a lot of damage.

This way you really only have time to make the best plays. It’s a great strategy for anyone growing a small account.

Those are my words of wisdom today … 

  • Focus on AI plays
  • Trade around your current schedule

Don’t stress. Trade the best setups and protect your account.

See you in the next letter.

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