How To Capitalize Into The Election

by | Oct 31, 2024

Hey traders, it’s Bryce here.

We’re only a few days away from one of the biggest elections in U.S. history!

And the volatility is growing among stocks closely associated with the Presidential race. For example, Trump Media & Technology Group Corp. (NASDAQ: DJT) extended its October rally to 260%*!

Take a look at the chart below:

DJT chart multi-month, 1-day candles Source: StocksToTrade

There’s a specific setup that Matt and I are watching right now … 

This is the only trade that you need to worry about this week. Don’t waste your cash on the wrong stock!

Make sure you’re watching the right trade setup right now:

The Next Trade Opportunity

I played the DJT volatility on Tuesday this week.

But I got out for a small loss when the stock didn’t act how I wanted it to.

I sold short and it looked like the price was about to rebound. I didn’t want to get caught in a short squeeze.

See my trade notes below that I posted on X:

I’m not worried about those losses.

Small losses are part of the process.

Besides, there’s a really strong setup on the horizon … 

My mentor, Tim Sykes, used this exact same pattern to profit off of Phunware Inc. (NASDAQ: PHUN) last weekend.

PHUN is another stock that’s associated with Trump. And the chart is showing us a lot of volatility as we approach November 5, similar to DJT.

Sykes’ trade notes from last weekend are below:

Source: Profit.ly

This Friday, I’m looking for the same price action from PHUN or DJT!

These are the two most volatile stocks in the market related to the election. And when the market is closed this Saturday and Sunday, Trump and Harris will be hard at work trying to secure votes before November 5.

This is the exact position that Sykes held on PHUN from last Friday to Monday.

Study the price action and get ready for the same pattern.

We might never see an election-trade opportunity like this again. Don’t miss out!

Make that sure you understand the price action that we’re looking for on Friday afternoon. Watch Sykes’ video below:

One good trade a week can make all the difference for your account!

Use today, Thursday, to prepare for Friday’s election trade.

Cheers,

Bryce Tuohey

 

*Past performance does not indicate future results