Howdy traders, it’s Bryce here.
The BIGGEST news affecting markets today:
The consumer price index (CPI) rose 0.6% in August. It’s up 3.7% over the year.
The FED is working to bring inflation down to the 2% level. This means: Given August’s inflation spike, we’ll likely see higher interest rates from the FED.
It’s a bearish catalyst for the market.
In my niche, I’m still seeing biotech spikers like Impel Pharmaceuticals Inc. (NASDAQ: IMPL).
On September 13 it launched over 120% before noon.
And there are MORE profit opportunities gaining momentum right now.
I’ve got a 3-step process for anyone who wants to get in on this action.
Don’t pay attention to the bearish larger market media. There are spikers every day in my niche.
Here’s how I capitalize …
Anyone Can Do This
I’ve made over $1 million in the stock market.
And I’m not a genius. I wouldn’t even call myself very smart. Sure I went to college, but I didn’t graduate at the top of my class.
You don’t need to be SPECIAL to be good at trading stocks.
A lot of people are held back by their perceptions.
Clear your head of any doubts. Here’s my 3-step process for profits …
Every morning I look for the hottest runners in the market.
StocksToTrade helps a lot because I can scan and trade on the same platform. It eliminates the need for 7 different Yahoo Finance tabs. And it has seamless broker integration.
But enough about StocksToTrade. Here’s what I look for …
- The price to spike +20% on the day.
- A reason for the spike: Usually hot news.
- A low float: Below 10 million shares is ideal.
- The low share supply helps prices spike higher.
- A high trading volume: More than 1 million shares.
- High volume gives us liquidity. A full float rotation is ideal.
- Below $5 so that we can load up on shares.
There are THOUSANDS of stocks moving every day.
A simple scanner with the above criteria will whittle down that number for more manageable trading.
Want to be alerted to hot trade ideas before anywhere else?
Breaking News Chat is the alert service that traders can’t get enough of. Two former financial analysts scour the Stock Market and news for stocks that could potentially spike and alert the room allowing you the chance to get in on the action.
Check out the alert for PALI on September 6th:
This is a tool you’ll want in your trading toolbox.
That’s how I found Impel Pharmaceuticals Inc. (NASDAQ: IMPL).
And after all, there are only a few REAL trade opportunities every day.
#2: Top Patterns
To find the best trade opportunities, we use popular patterns.
Trading is risky. The patterns help us mitigate that risk.
Here’s what you need to know: Stocks follow patterns because people behave predictably when they’re stressed. There’s a lot of money at stake in the market. And a lot of traders lose. But if we understand the mechanics BEHIND the spike we can trade them with risk in mind.
Trading patterns tell us when to buy and when to sell. Ultimately, a trader’s success boils down to …
- Whether it’s the right stock.
- Whether it’s the right pattern.
- Whether the trader has enough experience.
I still remember my first trade.
I was shaking when I entered my position. Seriously, the volatility in this market can be scary at first.
But thankfully there’s a process to follow …
#3: Daily Growth
I’m always learning.
Because the market is always changing.
Even my mentor, Tim Sykes, learns something new every day. And he’s been in the industry for over 2 decades.
All that time … And he never saw an AI sector until 2023. That’s what I mean.
There are always new opportunities in this niche. And I had to gain experience before I started to really profit.
Unless you’re self-sufficient as a trader, experience can be costly in the beginning. Some new traders lose all their money in the market and are too scared to ever come back.
Don’t make that mistake.
Do what I did: Watch a few live-trade sessions. There are live video sessions with professional traders like my mentor Tim Sykes.
You don’t have to trade. Instead, your goal is to soak up information as the pros trade right in front of you.
There are live sessions all day every day …
The more time you put in, the faster this stuff will start to click.