Hey traders, it’s Bryce here.
In this 2024 market we continue to see stocks spike at an insane rate. There are new profit opportunities every day.
My favorite setups are among cheap stocks that can spike +100%.
- The shares are cheap so I can load up.
- The percent gain is big so my position can grow at a faster rate.
I have some great examples in today’s blog post.
But there’s a catch …
These stock spikes are unsustainable.
There’s a reason that the share prices are so cheap … The stocks are crap.
Penny stocks get a bad rap because the spikes usually end right where they started. But most people don’t realize that we can ride that short term volatility for profits. That’s how I grew my account past $1 million in trading profits.
I take it one trade at a time. Week after week, month after month, my account grows if I can stay disciplined and follow the rules. For a great trade example, watch me cross the $1 million milestone during a live stream with my mentor, Tim Sykes:
We can build wealth in this niche if we recognize these stocks for what they are: Vehicles for short term profits. NOT vehicles for investment.
And of course … It helps to be first to the move.
Get There Early
This is a quick process.
You don’t have to follow the stock market all day long to find the hottest setups. That would be exhausting. And ultimately a waste of time.
That’s why I use Breaking News.
Last week I was alerted of five different stock spikes. I had eyes on these plays way before they turned vertical. Take a look at the charts below:
CXAI chart intraday, 1-minute candles Source: StocksToTrade
TCBP chart intraday, 1-minute candles Source: StocksToTrade
CADL chart intraday, 1-minute candles Source: StocksToTrade
MDIA chart multi-day, 1-minute candles Source: StocksToTrade
XXII chart intraday, 1-minute candles Source: StocksToTrade
How To Trade Breaking News Plays
Wait for the next alert.
Once I have eyes on a stock with bullish news that’s spiking, my next goal is to identify support and resistance lines.
This is a basic tool that traders use to build trade positions. Watch Sykes’ video below for more details:
And remember the ultimate life cycle of these stocks: The price will crash eventually.
Don’t overstay your welcome. Snag some profits and then wait for the next play.
Here’s where you’ll find the next Breaking News alert.
Use this tool as you start to trade on Monday morning! Monday’s are notoriously volatile and we’ll likely see some great trade setups. Don’t slack on these profit opportunities. They’re right at your fingertips.
Cheers,
Bryce Tuohey