And why itâs okay to miss trades Good Morning! A perk of being a [SteadyTrade Team]( member is gaining access to live training sessions from other successful traders besides myself⦠Itâs always valuable to get another profitable trader's opinion on this current market, where theyâre finding opportunities and their latest approach to trading them. So today Iâm sharing some killer insights from [Bryce Tuoheyâs]( Wednesday afternoon [SteadyTrade Team]( webinar⦠He missed some pretty epic trade opportunities in Sidus Space, Inc. (NASDAQ: [SIDU]( and AeroClean Technologies, Inc. (NASDAQ: [AERC](... But heâs not upset. Find out why and get his breakdown of why these stocks had such epic moves below! Why Itâs Okay to Miss Trades In Bryceâs words, âWednesday was a banger day.â The market is definitely back with a ton of recent big penny stock gainers. But even experienced, successful traders have off days. And on Monday Bryce took a significant loss in AERC⦠He had too large of a position and got caught in an ugly red candle that broke through [support](. He sold with a market order and took [his first five-figure loss]( in a long time. It hurt his account and his [trading mentality](... Thatâs why when Wednesday came around, he wasnât even looking at the market. He took Tuesday off and by Wednesday, he still wasnât feeling quite right⦠He knew heâd force trades and take [too big of a position size]( trying to get losses back. Looking back at the big runners, he says it probably wouldâve been a good day for him. But he made the right decision⦠When things are working for you, thatâs the time to be more aggressive. But if youâre on a losing streak or struggling mentally, thatâs a good time to step away from the market. So while Bryce didnât take any trades on AERC or SIDU on Wednesday, he gave some great insight into their moves⦠Hereâs what he saw on the charts and how he wouldâve played them⦠If youâre a [SteadyTrade Team]( member and missed Bryceâs webinar â [watch it in the archives here](. What Bryce Liked About The AERC Chart Bryce says AERC was an almost perfect [day-three surge pattern](. And it had an afternoon trend break on the chart that he looks for. He says he probably wouldâve loaded up with 10,000 shares around $15, sold most at $17, riding 2,500 to $19. And he mightâve [scalped]( some from high $19s to low $20s. Looking back he can see it was a beautiful trade opportunity. But in the same breath, you never know if a tradeâs going to work in the moment⦠And since he just came off a big loss, thereâs no way to know if he would've executed it well. But hereâs what Bryceâs ideal theoretical trade wouldâve looked like⦠AERC chart: June 15, 2022, 1-minute candle â courtesy of [StocksToTrade.com]( Why did Bryce like this setup so much? Here are the steps he saw that created AERCâs big move⦠- Step one: It opened under a multi-day support level and it instantly reclaimed it.
- Step two: It consolidated over VWAP after having the key support break.
- Step three: There was more consolidation above VWAP for the majority of the morning. Fake HOD breaks indicate selling pressure but it held up.
- Step four: The consolidation area breaks with high volume and clean HOD break.
- Step five: A slow climb after the HOD eventually leads to explosive breaks over the previous dayâs high and multi-day breakout over $18. But AERC wasnât the only big trade Bryce missed on Wednesday⦠What Bryce Liked About The SIDU Chart Now, while I think SIDU was a beautiful [afternoon VWAP-hold high-of-day break](. Bryce says it would've been a tougher chart to trade based on his strategy⦠But it had all the classic signs he likes to look for. Here are Bryceâs key levels and areas of interest on the SIDU chart⦠SIDU chart: June 15, 2022, 1-minute candle â courtesy of [StocksToTrade.com]( After a gap up on news ([alerted by the Breaking News Chat team]( SIDU consolidated in the morning, and fake HOD breaks lured in shorts ... And shorts thought the low of the day break in mid-morning confirmed their bias... But SIDU didnât break down. Instead, it consolidated again just below [VWAP]( then reclaimed it again in the afternoon. The consolidation above VWAP gave more time for shorts to add to their positions. And it broke below VWAP briefly again before smoking shorts with [high volume]( on the real HOD break. These are just a few of the [key levels]( and simple things Bryce looks for when planning his trades. He says it will look a little different for each chart and ticker. But understanding the idea of why these key levels and areas matter is whatâs most important. Because they can create some amazing [afternoon moves]( like we saw on Wednesday. If you missed these moves or had [mad FOMO]( after taking a small gain â donât feel bad. Bryce says there will always be hot market days. And the market will always be here... But you have to make sure you're still here to take advantage of them. And you canât do that if you blow up forcing trades when youâre struggling. Get more of Bryceâs trading wisdom in [live SteadyTrade Team webinars every week](. If you want even more of Bryce â join him and Matt Monaco in [Small-Cap Rockets](. Have a great day my friends. Iâll see you back here tomorrow! Tim Bohen Lead Trainer, StocksToTrade sponsored [Watch this BEFORE 9:30am!]( Have you seen what Tim Bohen has been up to EVERY morning between 9:29 and 9:30am? [If not, click here now because heâs getting ready to do it again.]( Do NOT wait until tomorrow to see this. sponsored [The Millionaire Strategy ANYONE Can Use]( Tim Sykes here⦠Twenty-five of my millionaire students have used [this exact pattern]( To reap trading profits of $36,125⦠$68,214⦠and even $681k all in a single day. And I KNOW it could potentially do the same for YOU! [>> Watch This Short Presentation Now <<]( 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]( [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Spotify]( [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. 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. StocksToTrade in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, StocksToTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns. Copyright © StocksToTrade.com