Hey traders, it’s Bryce here.
New traders should all use this tool! Especially during the red-hot meme sector surge that we’re seeing in the market right now.
Last week we watched Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) spike 9,600%!*
Take a look at the chart below, every candle represents one trading minute:
FFIE chart multi-day, 1-minute candles Source: StocksToTrade
And FFIE isn’t alone, we’re watching A LOT of stocks spike higher right now.
It’s all because of the meme resurgence caused by Keith Gill. His X social media handle is known as Roaring Kitty. And on Sunday, May 12 he mysteriously logged onto X after more than a year of silence.
He posted a cryptic image of a video gamer sitting forward in a chair. And on Monday, May 13, the meme momentum started.
My mentor Tim Sykes covered the whole story in this blog post.
We can trade these stocks for a profit, but the volatility is dangerous.
The stock spikes are unsustainable.
The idea is to wait for the chart to match a specific trade pattern. Then we get in and out before the stock crashes.
It’s easier said than done … But make no mistake. These are REAL profit opportunities. Take a look at the post below from one of my fellow traders, Jack Kellogg:
WHAT A FUCKING MORNING +$210k on $SINT SWING TRADE ALERTED FOR ALL SEVEN-FIGURE CYCLE MEMBERS YESTERDAY AT $0.05 - NOT TO MENTION I CALLED $FFIE THE DAY BEFORE AT $0.063 WHICH HAS GONE ALL THE WAY TO $0.70s.
— Jack Kellogg (@Jackaroo_Trades) May 15, 2024
ALSO ABSOULETELY CRUSHED AMC & GME SHORT OFF 4AM OPEN WITH… pic.twitter.com/xj8jCPtMpf
Those are trades that he made during premarket! And stocks like FFIE ran higher intraday.
There’s no time to waste. Our next opportunity to profit is on Monday morning.
How To Find Profit Setups
It’s tough for new traders because it feels as though there’s so much to learn and so little time.
There IS so much to learn.
But you don’t have to learn it all at once.
Jack Kellogg started learning this process in 2017. He crossed the $1 million milestone in 2020.
I started in 2017 too and crossed the $1 million milestone in early 2023. You can watch it happen in the video below:
The market will always be here.
Plus, these volatile stocks follow the same framework over and over again. It’s based on human psychology. People behave predictably during times of fear and greed.
As long as people continue to trade, these patterns will always exist in the market.
Now, when Jack and I started, we had to watch countless videos of Sykes trading. We studied for long hours. We read all of his blog posts. It was essentially like going to school.
But traders who start right now have more efficient study tools at their disposal …Â
Since the advent of AI in 2023, Sykes was able to create an AI bot called XGPT that follows his trading process. The same process that Jack and I use to profit in the market.
And last week it alerted four different trade opportunities on FFIE. Take a look at the chart below:
FFIE chart multi-day, 1-minute candles Source: StocksToTrade
The AI bot doesn’t trade for us. It just points out trade opportunities as if Tim Sykes were giving them to us himself.
>> Wait for the next XGPT alert <<
Then follow the trade plan that it spits out!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results