Hey traders, it’s Bryce here.
Matt and I told you to keep an eye on the overall market!
Here’s a blog that Matt posted about the rally before it happened.
We’re not psychic … We’ve just been in the market long enough to recognize market dips for what they really are: The calm before a stock-storm rally.
Sure enough, after the last two weeks of bearish price action, we watched the market rally yesterday.
Take a look at the S&P 500 ETF Trust (NYSE: SPY) chart below, every candle represents one trading day:
SPY chart multi-month, 1-day candles Source: StocksToTrade
We saw a big rally from tech stocks like NVIDIA Corporation (NASDAQ: NVDA) too, which had been on an increasingly bearish trajectory, similar to the market.
Take a look at the chart below:
NVDA chart multi-month, 1-day candles Source: StocksToTrade
That’s what we like to see, baby!
This bullish momentum trickles down into our small-cap market, where stocks can spike +100%*.
The race is on. And I’m looking for a very specific trade setup right now.
You don’t need to trade a bunch of times every day. All it takes is one …
The #1 Pattern To Use
I know that a lot of new traders also work a day job.
For example, when I started I was still in college. So was Matt. We were learning how to trade while going to class.
Jack Kellogg, another successful trader in our niche, was learning how to trade while working as a valet.
There’s no shame in working a day job. That’s how it should be! Use trading as a side hustle until you become self-sufficient.
The best way to do that … Focus on one specific trade pattern at a time.
That way you won’t feel pressured to watch the market all-day-every-day.
For new traders, I alway suggest the Friday-afternoon pattern. It gives people enough time to get their work done earlier in the day and still make a trade.
Watch the pattern video below:
It’s Thursday today, which means you’ve got 24 hours to burn this pattern into your brain
All it takes is one good trade.
New traders usually end up losing because they get excited about the profits that they’ve already made.
They think: “Ooooh this is easy. Now I’ll trade this and this and this …”
In other words, they try to impose their will on the market.
Trust me:
Wait for your opportunity on Friday, and then enjoy your weekend.
There’s no need to complicate things, especially on a Friday, lol.
Cheers,
Bryce Tuohey
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*Past performance does not indicate future results