Hey traders, it’s Bryce here.
There have already been A LOT of trade opportunities during this shortened trading week.
And some of the most volatile days are still ahead of us … Thursday and Friday.
See some of the posts below from traders in our community:
And here’s my post to start us on a strong September:
Aug 2024 has been one of my most consistent months in a long time. Lots of time spent working on refining edge, improving risk management, and focusing on a bigger picture started to pay off this month.
Despite it being a choppy last week, I'm excited for the coming months! pic.twitter.com/sb3nRMWudY
— Bryce Tuohey (@TraderBryce) August 30, 2024
If you haven’t got the hang of this yet, don’t worry, Uncle Bryce is here for you!
Let’s take it one step at a time …Â
There’s only one trade setup that you need to focus on right now.
Every Friday afternoon, traders in our community are watching for a very specific pattern.
Let this be the only trade that you focus on right now! You’ve got today and most of tomorrow to prepare.
The incoming weekend inspires price action that can manifest on the market’s hottest stocks. Watch the video below for more details:
You don’t need to trade all day every day. Sometimes the simplest approaches are the best!
With the pattern in the video above, and the watchlist I’m about to share, you have all the tools that you need to trade this week!
My Watchlist Right Now
When a stock spikes, regardless of whether I make a trade, it stays on my watchlist.
These plays can run for multiple days. Traders who forget about the ticker after day one are ignoring follow-up opportunities.
Don’t give away free money!
Keep these plays on your watchlist and set alerts in StocksToTrade so that you can capitalize on potential bounces and breakouts.
This week I’m watching:
- BranchOut Food Inc. (NASDAQ: BOF)
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- It’s on a multi-day spike reaching 510%* thus far after announcing a 640% revenue growth from the first half of 2023 to the first half of 2024.
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- WiSa Technologies Inc. (NASDAQ: WISA)
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- Spiked 110%* yesterday after announcing a $210 million deal to purchase high-performance computing software. Wednesday was just day one …
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- Asset Entities Inc. (NASDAQ: ASST)
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- Already spiked 260%* as part of a short squeeze that’s set for more volatility.
I also made some trades on Sify Technologies Limited (NASDAQ: SIFY) this week, but whether the chart follows our Friday pattern is a different story.
Currently the price action looks a little weak.
Here are some of my trade notes from SIFY:
$SIFY nice trade this morning! pic.twitter.com/4r2RXzTrGp
— Bryce Tuohey (@TraderBryce) September 3, 2024
I’m watching all of these stocks for our specific Friday price action.
But this next part is very important …Â
If you don’t see this specific pattern, don’t make a trade.
A lot of people think about making money when they think about successful trading.
But in actuality, trading is as much about staying out of bad plays as it is about capitalizing on the good ones.
Make good decisions for your account!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results