Stocks I’m Watching after GLSI’s Huge Move

[RagingBull Elite]( Dear trader— Jeff Bishop here, We’ve been seeing sideways action in the S&P 500 and Dow over the past few days, as traders have dealt with prolonged stimulus negotiations. But that’s not to say there haven’t been money-making opportunities… and I’m not just talking about DoorDash and Airbnb’s IPOs that went up by 85% and 112% on their opening days. I’m talking about catalysts… almost every day, we see at least a few of them come along and push stock prices up to extremes. A lot of these catalysts are based on some news event, like a good earnings announcement or positive trial data. Most of us miss the news but wish in retrospect that we got a piece of that big runaway winner. So it’s no surprise that we see so many other traders scramble to trade anything related, hoping it will get a similar bounce. We call this a “sympathy play,” and it’s one of my favorite ways to hunt down trade ideas. Yesterday we saw some exciting sympathy plays in biotechs, especially cancer related, after GLSI practically flew to the moon. In All-Access today, I recap one of them, and I share other stocks I’m watching due to exceptionally strong momentum. Craziness in biotech stocks continued. After GLSI’s impressive 2,500% runup on Wednesday, traders started looking for the next hot biotech set to take off. And yesterday that stock was SLS. With only 9 million float, shares of Sellas Life Sciences went from the low of $7.35 to the high of $19.38, wrapping up the day with a 176.37% gain. While this was an amazing move, what is even more amazing is that there was no catalyst behind it unlike in GLSI a day prior. Here’s brief chart analysis: The key to trading this stock successfully was recognizing traders’ appetite for the next biotech runner — after GLSI, everyone wanted to be on board for the next move. Once SLS showed the early bullish signs, it was only a matter of execution and risk management. Review the chart above to get better at recognizing these in real-time. So far, the market has not slowed down and there might be more trades like this. How do you buy breakouts on something that’s already up high double or even triple digits? This is the key question many traders have on their minds and something that’s been addressed over the past few issues of All Access. Seeing stocks gain 20-50-100% in hours and even minutes makes it very tempting to recklessly jump on board in hopes of quickly selling higher. In moments like that, it’s important to remember that nothing lasts forever and every small cap bull cycle eventually comes to an end. It also does so at the worst time possible - usually, right after you get long fearing you’ll miss out on the next big thing. Truth is it feels a lot better to miss a big mover than to buy the top and see everything fall apart right in your face. The best advice here is to keep your emotions in check and stick as hard as ever to your trading rules and discipline. Have very clearly defined “I’m wrong here” stop areas and get out below them. And most importantly - never add to a loser in this environment. One mistake may be enough to bring complete devastation to your account. Caution is the key, but as long as the super-squeeze cycle continues, it’s only fair to take full advantage of it. Today’s watchlist continues the theme that’s been working so well. Here’re a few charts squeeze-type charts worth keeping on your radar, just stay safe while doing so: Sangamo (SGMO): Tuscan Holdings (THCB): Lemonade (LMND): [Build in Mental Resets to Your Trading]( By Nate Bear of Weekly Money Multiplier --------------------------------------------------------------- [Getting Started With Short Squeezes]( By Jason Bond of Jason Bond Picks --------------------------------------------------------------- [Just Because You Can’t Understand Something… Doesn’t Mean It’s Wrong]( By Jeff Bishop of RagingBull Investor --------------------------------------------------------------- [The Mind-Blowing Esports Market]( By Chris Graebe of Angel Insights To Your Success,The RagingBull Team RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication. If you have a current active subscription with Profit Prism you will need to contact us [here]( if you want to cancel your subscription. Opting out of emails does not remove you from your service at PetraPicks.com.