Hereâs how to focus on the best action... Good Morning! The penny stock action weâre seeing this week can be overwhelming⦠There are just too many stocks to watch every morning. Even experienced traders can have a hard time focusing... Of course, I love to see all the runners and potential trades. But the action can be a double-edged sword. It almost creates anxiety... What should I watch? Which stock will run? The FOMO can grip you hard⦠And that can lead to chasing, revenge trading, or even paralysis and flat-out missing trades. Nobody wants any of that. We want to [find the best opportunities]( trade a predictable pattern, and execute a successful trade⦠So today Iâll show you three ways you can hone in and focus on wild market days⦠1. Pick Your Favorite [SteadyTrade Team]( members hear me say this a lot⦠When there are a lot of runners â pick your favorite. My number one doesnât have to be your number one. You should have data on which setup works best for you⦠So when you go through your process, focus on the best one or two stocks that have the potential for that pattern or setup. If another stock goes and you miss it⦠2. Wait for The Afternoon When I say wait for the afternoon, it doesnât have to be the 2 p.m. window⦠Look at Magic Empire Global Limited (NASDAQ: [MEGL]( ⦠it was one of the biggest runners on Monday and it had its best move at 10:30 a.m. Eastern. MEGL chart: 1-day, 1-minute candle â courtesy of [StocksToTrade.com]( The same story was true yesterday⦠In two of the biggest runners, you didnât have to be first. You couldâve played high of the day breaks and whole or half dollar levels all the way up... But if you knew the news and the âwhyâ behind the moves, that couldâve added to your conviction to watch and trade these two stocks. This is another way to [hone in on the best potential stocks to trade]( 3. Focus on Story Stocks Iâm not here to spike the football â but Iâm going to spike the football⦠I outlined a beautifully detailed plan for Bed Bath & Beyond Inc. (NASDAQ: [BBBY]( on [Pre-Market Prep]( yesterday morning. Hereâs why I liked it: - Meme stocks are hot
- Itâs heavily shorted
- Multi-day runner
- Closed at or around the high of the day on Monday
- Good Volume So it had the potential for a sexy red-to-green move⦠In premarket, it had a nice base around $15 and resistance at $16. That gave you a solid level to enter on the break above resistance with risk on support. I even [drew it all out on the whiteboard](. If you wanted to play it safe, you couldâve waited for the break above Mondayâs high of $17. We didnât see that move until 10 a.m. Eastern. From there it just kept going⦠BBBY chart: 1-day, 1-minute candle â courtesy of [StocksToTrade.com]( Veru Inc. (NASDAQ: [VERU]( was another top watch for a weak open red to green. I didnât go into as much detail on the webinar with this one, but it still had an incredible move... VERU chart: 1-day, 1-minute candle â courtesy of [StocksToTrade.com]( So what made both of these stocks run? Theyâre story stocks with momentum⦠BBBY is a meme stonk and itâs been running for multiple days. Plus, it had news⦠Right at the open, the [Breaking News Chat]( team [sent an alert]( that RC Ventures [upped its stake]( in the company. The Breaking News Chat also [let traders know]( that the [venture capitalist firm]( had previously upped its stake in GameStop Corp. (NYSE: [GME]( and moved that stock as well. VERU is a COVID stock ... And while you might think itâs old news, itâs still around⦠And the news still spikes stocks⦠Right near the market open yesterday, the [Breaking News Chat]( team sent out an alert that [the First Lady has COVID](. With that news, most traders are going to look at the biggest recent COVID stock thatâs running. Plus, both VERU and BBBY are heavily shorted. Theyâve run for multiple days, and the higher they go, the more shorts try to guess the top. God bless the short sellers! Have a great day everyone. Iâll see you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored [REPLAY STREAMING NOW:]( Sykes 46-Day Account Accelerator]( [>> Click here to stream OR press play below <<]( sponsored [After Showing This Stock Trader The Crypto Trader Blueprintâ¦]( [He was Able to Turn $20,456 Into +$200K On One Trade]( Find Out How You Can Get In On What Weâre Calling⦠[The #1 Strategy For Crypto Millionaires]( 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