Hey traders, it’s Bryce here.
Ladies and gentlemen. We’re going to approach today’s subject from a market perspective.
All of this pertains to the immediate trading opportunities this week …
Let’s face it, the media depicts a large divide between two major political parties. I’m not here to comment on either. I’m only interested in volatile stock movements.
Due to the volatile nature of U.S. politics in 2024, certain political events CAN and WILL cause market volatility. And thus: profit opportunities.
Trump won the Republican Iowa caucus this week. And as a result, a certain stock spiked 60%. This stock is directly related to Trump. And as a result, any Trump hype can translate into stock hype.
I must warn you: Just because Trump won Iowa doesn’t mean the stock should be any more valuable.
Don’t believe in the spike. And don’t count on it to continue if Trump continues to win.
I’ll tell you how to play this runner.
Keep reading …
Trump Stock
Digital World Acquisition Corp. (NASDAQ: DWAC) is a shell company that merged with Trump’s Truth Social company a few years ago.
The social media never gained traction. But the stock can experience volatility when there’s news about Trump.
The stock already has a history of spiking. In 2021 it launched 1,600% within a week. But remember, these sketchy plays don’t last forever.
$DWAC spiked past $100 in 2021. But in mid-2023 it extended the sell-off to 90%. It was trading below $15 per share for months.
Don’t believe these spikes! We ride them for profits and then get out before the price crashes.
Trump won the Republican Iowa caucus this week. We may see more bullish momentum from $DWAC. But make sure to trade with risk in mind.
Above all: Add this stock to your watchlist. The 2024 election is heating up, we’re likely to see more movement.
- Wait for more bullish Trump news to cause a spike.
- Plan a trade.
- Get in and get out.
Speaking of watchlists, $DWAC isn’t the only runner this week. There are A LOT of opportunities for small-account traders right now.
My Watchlist
Take a look at my watchlist below …
- Bullfrog AI Holdings, Inc. (NASDAQ: BFRG)
- Airspan Networks Holdings Inc. (NYSE: MIMO)
- Rail Vision Ltd. (NASDAQ: RVSN)
- Applied UV, Inc. (NASDAQ: AUVI)
- Petros Pharmaceuticals Inc. (NASDAQ: PTPI)
All of these stocks are in play.
But the pattern that I use to trade them will depend on the price action.
Don’t worry, there are only a handful of patterns that I use to profit. But if you approach the trade incorrectly, it could spell disaster for your account.
It’s possible to lose money trading a +100% spiker.
That’s why we use patterns. It helps to protect our account.
That and, we only focus on the best plays.
Find out how we’re trading the hottest stocks in the market.
There’s still time to profit this week! And remember, the markets were closed on Monday. We’re in a shortened trading week.
Take advantage of this volatility while it lasts!