Howdy traders, it’s Bryce here.
Happy Thursday!
We’re quickly approaching the busiest trading day of the week, Friday.
Which means I’m gearing up for some big moves.
I’ve got two tools today that will help prepare you for.
And it’s not something to miss out on …
This week we’ve already got runners like Bellerophon Therapeutics Inc. (NASDAQ: BLPH). It spiked +300% in three days.
Look at this run …
BLPH chart 10-minute candles Source: StocksToTrade
If you’re looking to take advantage of runs like this, look no further.
Specific Pattern
Sykes and Bohen teach a few different trading patterns.
But there’s one that’s specific to Friday afternoon.
If you didn’t know … Fridays are particularly bullish because it’s dangerous for shorts to hold their position over the weekend. So on Friday a lot of short sellers buy back shares to exit their positions.
All that buying starts a trend in the market. And traders that are prepared can ride that momentum to profits.
But … in order to prepare, there needs to be some amount of experience.
The best traders lost money in the beginning while they gained experience. That includes yours truly. At one point my Profit.ly showed I had over $300 in total losses.
But eventually I turned that around.
For those looking to gain experience … There’s no better way than watching a live trade session.
You get to watch a trader live, they share the thought process, the strategy, everything. And you can ask questions.
There are weekly sessions provided by Tim Bohen and a team of traders. One of them is Matt Monaco, my roommate from college.
Sign up for a live session and show up prepared to soak up a lot of information.
I’ll see you in the next letter.