A simple trick to help you avoid losing money in the market

It could've prevented a loss in ADN yesterday…

Good Morning! The markets opened higher to start the week as large-cap stock traders await earnings from big names like Netflix, Inc. (NASDAQ: NFLX) and Tesla, Inc. (NASDAQ: TSLA) this week…   It also feels like next week's Fed interest rate announcement is weighing heavily on traders' minds.    The major indexes had a hard time holding up and ended up closing red…  The downward trend started after a report circulated that Apple Inc. (NASDAQ: AAPL) will slow hiring and spending into next year.  With this market environment so dependent on news, it's tough to know what the market will bring from one day to the next.    But with penny stocks, there's one simple thing you can do to give you an idea of a stock's future direction…   Using this trick yesterday could've saved you from a potential loss.  So when you're determining if your stock checks all the boxes before a trade, don't forget to check this… Click here to join my SteadyTrade Team webinars for FREE!  Two Reasons Why ADN Failed Yesterday Yesterday morning, Advent Technologies Holdings, Inc. (NASDAQ: ADN) was gapping up in premarket…   The company announced the European Union ratified its Green HiPo project. And the stock was trading with decent volume, and it's in a kind of hot sector…    So what happened? Why did ADN fail at the open? ADN chart: 1-day, 2-minute candle — courtesy of StocksToTrade.com Two reasons…  First, it was a chat pump. StocksToTrade's Breaking News Chat alerted a few minutes before the market opened… Second, as I mentioned in Pre-Market Prep, ADN has a classic one-and-done chart… Here's what I saw on the long-term chart… ADN chart: 6-month, daily candle — courtesy of StocksToTrade.com ADN had two spikes in April and again in June.    It had a big gap, closed near the high of the day, then had a massive gap down followed by multiple red days…    Twice in six months, it made exactly the same move…    So where are your odds?    When a stock has the same pattern twice in a few months, my odds say the same thing is likely to happen…    History doesn't repeat but it often rhymes.   So even though ADN had news and volume, and it was running in premarket…    The chat pump and past chart history killed any potential move.    And while you can certainly keep stocks with an ugly long-term chart and a chat pump on your watchlist — wait until the afternoon…    Make the stock prove itself before you plan a trade.    Remember, A+ setups will check all the boxes…    And if you want to avoid buying into a chat pump at the open — get Breaking News Chat alerts here.    Have a great day everyone. I'll see you back here tomorrow.    Tim Bohen   Lead Trainer, StocksToTrade sponsored Learn to Trade From Anywhere | Engage in Chat| Live a Life of Freedom The SteadyTrade Team fully immerses you in the spirit of the 'work from anywhere' trader.    Apply For The SteadyTrade Team Today sponsored Game-changing trading app created by Timothy Sykes With over 70 revolutionary features, built-in scans that Tim uses every day, the mobile app, and more- StocksToTrade could change the way you trade forever.   Get started TODAY Recommended Membership Gifts ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. To The Moon Report Weekly Stock & Crypto Watchlist Stock Market Safety Course By Millionaire Trader Tim Sykes   Click Here to Unsubscribe   (As an Amazon Associate, we earn from qualifying purchases.)   13809 Research Boulevard, Suite 500, Austin, TX 78750   *Please note that these kinds of trading results are not typical. 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