Two rules that could’ve helped you trade IINN

Plus, tips on maintaining discipline

Good Morning!   In the current market, it's more difficult to find great stocks to trade and execute your plan…    Stocks are choppy, they aren't spiking as high as they used to, and news headlines are very macro-focused.    People are dealing with inflation, employment uncertainty, and economic concerns. Honestly, it's ugly out there…    But those macro headlines and problems are exactly why it's a great time to be a trader.  You're learning and perfecting a skill you can use to get closer to becoming independent.   And we're still seeing some great trading opportunities in penny stocks. But you have to rely more heavily on certain rules that can help you maximize the opportunities and keep you safe.    So today, I'll show you how rules can help you, whether you're struggling right now, or in your trading groove…    Are you a part-time trader? This FREE gift is for you! How to Trade Yesterday's Number One Watch  Yesterday in premarket, the Breaking News Chat team alerted Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) an hour before the market opened.    The company announced it's developing a non-invasive blood sensor. The sensor can monitor a patient's condition without taking any blood.     In the morning SteadyTrade Team webinar, I said the stock checked a lot of the boxes in premarket:    News Volume Low float Former runner    But once you've checked all the boxes, you have to know how to execute a successful trade.   Every trading plan might look a little different, depending on the patterns and strategies you like to trade. But one thing that can help all traders is having rules.   Here's how they could've helped you yesterday…     Trading Rules    Having trading rules gives you strict criteria and limits on what you can and can't do when in a trade.    But rules can also be flexible.    You'll have hard, strict rules like cutting losses quickly. But you'll also have rules that only apply to certain patterns. And rules that you can adjust depending on how well you're trading.    Here are two examples of how rules help if you traded IINN yesterday…   Buy In Pre, Sell In Pre    I'm sure you've heard this rule before ... It's one I like to use when trading in premarket. Because I treat premarket as a separate time from regular market hours.    Buying IINN after the news alert, or taking advantage of the chat pump spike in premarket were both decent trade opportunities.    The Breaking News Chat team alerted IINN when it was trading around $1.60. And they alerted the chat pump when it was around $2.    Both trade ideas would've given you the chance to catch 35 cents per share moves if you sold into the spikes.   But nine out of 10 chat pumps fail at the open. So what's my premarket trading rule?   If you buy in premarket, sell in premarket.    Then after the market opens, you can look for another pattern and potential entry.    Learn more about premarket trading here.    Wait For 9:45 a.m. Or Later    In Pre-Market Prep I said I have a hardcore 9:45 a.m. or later rule on IINN. Because as I mentioned above, 9 out of 10 chat pumps fail at the open.    If you waited until 9:45 a.m. or later for the dip and rip move over my $2.50 target entry, you stayed safe from the selloff after the quick spike.   You can see why rules are must-haves for every trader. Consider writing yours down based on what criteria or patterns you'll apply them to. Then write down which ones are your hard and fast rules that you stick to no matter what.    Then work every day to have the discipline to follow your rules.    Because there's no boss holding you accountable. It's you vs. you out there...    If you're struggling to develop the discipline to follow your rules, join a community of traders who have your back.    Have a great day everyone. I'll see you back here tomorrow.   Tim Bohen Lead Trainer, StocksToTrade sponsored Sykes: "Prepare for takeoff on tomorrow at 9:30am" If I were you, I would prepare myself for tomorrow at 9:30am.   What's taking off?   Click here now to see this before it's too late. sponsored Why can't veteran trader Tim Bohen stop laughing? He says he's just identified the ultimate revenge trade…   And can't wait to hear from the haters.   In 2020, people who doubted him missed out on the opportunity to make EIGHT TIMES their money.   Click here to see why he's having the last laugh. 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. 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. 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