Good Morning! The most hectic and chaotic times to trade happen right at the opening bell.
But despite all the volatility that occurs during the first hour … I DON'T believe it's the most profitable.
Now, before I show you when I think trading is at its best, let me tell you why avoiding the morning altogether isn't such a bad idea.
Imagine putting together a trading plan in premarket, then waiting for the opening bell to execute. But for whatever reason, the stock has already made its move by the open. Suddenly, that opportunity has vanished. It sucks. And I know because it's exactly what happened to me yesterday. It's a horrible feeling…
You find a stock with news, high volume, and in a hot sector…
You make a trading plan and stalk it for your entry — then the stock tanks and you're out a lot of time and energy.
If that has happened to you more times than you can count, read on.
See what I was watching for yesterday and learn the better play that could have saved me tons of wasted time.
Stop wasting your precious time — these are the plays to focus on! Morning Fails During yesterday's morning SteadyTrade Team webinar, there were a ton of sketchy biotechs up on news.
Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) was another biotech spiking with news…
The company announced a BS press release about a label comprehension study.
And Sharps Technology, Inc. (NASDAQ: STSS) was up over 35% in premarket on news of insider buying. Yes, the news is bullish.
It's good to see insiders putting their money back into the company. After all, they probably wouldn't buy the stock if they knew bad news was coming. Or if they knew their syringes were defective…
But as I said to SteadyTrade Team members, you've gotta ask yourself if insider buying news is worth a 35%+ move. I didn't think it was.
That's why with any sketchy biotech stock, I want it to prove itself... What to Watch For When There Are Lots of Morning Plays What do we look for on days when junk biotechs drop PRs everywhere?
The lone survivor.
Here's what it looks like… I want it to see a stock hold up, show strength, and dip and rip over the premarket high.
So when I saw that STSS price action after the open, I started to get a bit more excited.
It turned into a chat pump and died.
In fact, none of the morning biotech spikers survived ... A busy morning turned into a quiet day with no biotech trades.
But that's exactly why you don't need to trade near the open…
The safer and lower-stress play is to wait until the afternoon.
That way you don't have to rush around in the morning. And you don't have to wait around to see if premarket spikes hold up.
You can set an alarm for 2 p.m. Eastern, head to the computer or open your StocksToTrade app, and look for that lone survivor…
Find the stock that holds up while all others fail.
Then watch it for one of my favorite repeating afternoon patterns. Better yet, you don't have to sit around and wait for these plays at all…
You're busy with life outside of trading — let me do the heavy lifting for you.
Save your seat at my special event this Thursday night (April 21 at 8 p.m. Eastern), and I'll show you exactly how you can get alerted to these potential trades ... I'm so confident in this strategy that my alerts even come with a guarantee!
Don't miss this incredible opportunity.
I'm here to help — start taking advantage of it.
See you back here tomorrow.
Tim Bohen Lead Trainer, StocksToTrade
sponsored Most traders have no idea there's an unusual pattern in the market that happens several times a week…
And at around the same time EVERY day.
Yet, famed day trader Tim Bohen has found a way to basically front run this unusual pattern…
And he's going to share it with you during this free event he's holding tomorrow at 8PM ET…
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Hey! Matt Monaco here…
This week, I'm going live to reveal my #1 crypto trade to make right now.
If you've been watching what's been happening in the crypto market…
And you think you're too late to the party…
You're dead wrong.
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*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.
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Wednesday, April 20, 2022
Morning trading got you down?
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