Hey traders, it’s Bryce here.
This is my first blog post since the tragic events at Donald Trump’s rally over the weekend.
I never condone violence. And what transpired last weekend in Pennsylvania was nothing short of horrific.
With that said, we often see stock market volatility as a result of major events like this …Â
- It happened when Russia invaded Ukraine.
- Oil stocks jumped.
- It happened when Hamas attacked Israel.
- Israeli stocks jumped.
And the violence at Trump’s rally is similar.
Especially since Trump has a stock that’s directly related to him. A stock that already has a history of volatile price swings.
Of course, I’m talking about Donald Trump Media & Technology Group Corp. (NASDAQ: DJT). The price launched 75% during premarket on Monday morning.
Below, on the chart on the left, you can see the multi-month volatility on DJT. The chart on the right shows intraday volatility on Monday:
DJT chart multi-month v.s. intraday 1-minute candles Source: StocksToTrade
Don’t waste your hard earned cash with a random stab in the dark on this stock.
There’s a specific process we can use to trade.
This trading framework works on DJT and any other volatile stocks spiking as a result of last weekend’s events.
Profit Process
My mentor, Tim Sykes, already used this process to profit from the DJT price action on Monday.
Take a look at his trade notes below:
Source: Profitly
The pattern that he used to play this price action, it was a panic dip buy.
Take a look at the full tutorial below:
It’s possible that we see another panic dip-buy opportunity as we approach the election and the stock’s volatility builds. But that’s only one of the profitable patterns within our overarching framework.
The price action on DJT looks a little different, now that it spiked and consolidated on Monday. That’s why …Â
I’m watching for this price action to fit the next stage of our framework.
This is the framework that we use to trade volatile runners like DJT.
Now, understand that every stock will look a little different. The more spikes that you see, the more this framework will start to make sense.
He Made $2.2 Million During the Last Trump vs. Biden battle
4 years ago, when Donald Trump went head to head with Joe Biden, Tim Sykes went on one of the craziest trading hot streaks of his career.
He earned $2.2 MILLION profits in just a short window of time.
Most traders will be blindsided.
But making the right moves now could give you a chance to see a potential 300% peak move by TOMORROW.
And many more after that.
Before this year, Challenge students had to understand this process before they could build smart positions on volatile runners.
That’s how I learned to trade stocks …Â
But in 2024, Sykes launched the XGPT AI trading bot that follows his trading process. And this revolutionized the learning process for traders!
Students can enter their favorite ticker into XGPT and the AI will spit out a trade plan as if they asked Sykes directly.
DJT is setting up for the next move RIGHT NOW.
And XGPT is tracking the price action:
>> Use AI To Build Smart Positions <<
Keep an eye on this stock as we approach the election. The volatility is FAR from over.
Cheers,
Bryce Tuohey
*Past performance does not indicate future results