Short Trading Week

by | Mar 26, 2024 | Trading Lessons

Hey traders, it’s Bryce here.

Last week there were some great trade opportunities.

  • IMAC Holdings Inc. (NASDAQ: BACK) spiked 200% on Thursday
  • XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) spiked 140% on Wednesday.
  • Canopy Growth Corporation (NASDAQ: CGC) spiked 70% on Friday.

And the momentum continued this week on Monday:

  • XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) spiked another 90%.
  • Altamira Therapeutics Ltd. (NASDAQ: CYTO) spiked 100% with news of a new business collaboration to develop mRNA vaccines

The multi-day spike on XTLB is really exciting right now, take a look at the chart below, every candle represents 5 minutes:

XTLB chart multi-day, 5-minute candles Source: StocksToTrade

And it’s likely this momentum builds as we approach Thursday. Shortened trading weeks are historically volatile.

The stock market is closed on Friday, March 29 in observance of Good Friday. There are only four days of trading this week, but there’s the same level of greed … 

Here’s what to watch:

Morning Spikers

A lot of traders also work a day job. Trust me, I understand the struggle of balancing trading with the rest of my life.

The best things in life require sacrifice and work. Profitable trading is no different.

Stock market profits can act as an excellent side hustle, but you’ve got to pay attention when it counts. We have to put in THE RIGHT work.

The best daily market runs start in the morning. Let’s look at CYTO that spiked 100% yesterday.

The company announced mRNA news at 8:47 A.M. Eastern, before the market opened for regular hours.

StocksToTrade shows the news during pre-market hours, and the chart offered a perfect dip buy opportunity as it consolidated above $2.50. On the chart below, each candle represents 1 minute:

CYTO chart intraday, 1-minute candles Source: StocksToTrade

We don’t need to hold shares of these stocks for long. That’s what makes trading such a good side hustle.

We can take advantage of the price action while it’s hot and then go about the rest of our day. The bounce off of support on CYTO offered a 39% profit opportunity. That’s huge! By comparison, some of the market’s most popular stocks, like NVDA, only move around 3% every day.

We don’t need to take the whole move on CYTO, just the meat of the move.

We can snag a cool 10% on CYTO intraday. We can’t snag 10% on NVDA intraday … It’s simple math.

The Next Runner

You need the StocksToTrade software. Or some other software that shows real time data and premarket price action.

Your free charting software displays data 10 to 20 minutes late … And you can forget about premarket price action.

There are multiple options for suitable trading software.

I use StocksToTrade because it’s optimized for small-account traders. Other softwares don’t cater to our niche as much. Plus, I think the charts are really clean, but maybe that’s because it’s what I’m used to. In any case, you need up-to-date data, otherwise you’re walking right into trading traps.

Try StocksToTrade for the next 14-days, it’s just $7 for the entire software!

Once you’ve got eyes on the right price action, these trading patterns start to make more sense.

Put in THE RIGHT work!

  • Don’t follow Twitter or Reddit accounts that pump stocks. Don’t use Robinhood’s “free” trading software (you pay with your trading data).
  • Instead, use StocksToTrade to look at the market through a transparent lens.

This week is a perfect time to trade with up-to-date data. Remember that the market is closed on Friday. As a result, there will be inflated bullish momentum this week.

Take advantage of it!

Cheers,

Bryce Tuohey

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