Three Ways To Bank Off Chat Spikers

Valentine’s Day Edition...                                                                                                                                                                      Good Morning! After a sizzling start to the year, stocks are pulling back and trading rather choppy. However, even slow days can be profitable if you're dialed in. While most of the attention today will go to your sweetheart, being that it’s Valentine's Day…let’s not forget to save a little bit of love for the chat room pump guys who try to make something out of nothing…giving us the volatility we need to make money-making moves during these slow market periods. On a long enough life cycle…all chat room pumps will die. But before they do, they’ll give us a few opportunities to profit from them. Just as long as you know the rules of engagement. Today I will talk a little about what they are and what I’ve found the best ways to take advantage of them. The only thing traders wish for is volatility. Without it, it’s impossible to trade and make short-term profits. And when the market is going nowhere and the news cycle is slow…that’s when the chat pump guys come out and play. Yesterday was one of those days… Typically, the chat pump guys start early…well before the opening bell. Why? Because it’s easier to pump a stock when there are less market participants involved, but without a true catalyst, a chat room pump will die fast…so if you happen to catch one pre-market, then it’s probably best to book profits early, and wait for the opening bell. Nine Out Of Ten Chat Pumps Fail At The Open Most traders will look at the mover's list in the morning. Then if they’re not lazy, they’ll look up to see if there are any catalysts to justify the spike. It’s very tempting to see a stock up 20%, 50%, or even 100% in the morning before the opening bell and want to pull the trigger. But you must fight off that FOMO… Because there’s a very strong likelihood that the stock will fail at the open. Most of them die after the opening bell and never come back. That’s why I don’t like playing them pre-market… I’ve found there are three ideal setups to look for… #1: Wait For the 9:45 AM Dip & Rip Not every trader is a pre-market day-trading degenerate. Some folks like to wait for the market open before they place their trades. That’s why you often see a stock sell-off near the open after a massive spike. Professional day traders see the move and naturally want to short the pump because most pumps fail. However, some folks have been holding onto the crappy stock for some time, hoping to get lucky… and use the spike to exit the position to either book profits or cut losses at a more reasonable price. But if you believe the catalyst is strong and the move is more than just a pump, you’ll want to wait for the initial sell-off and buy on weakness. I call this the 9:45 AM Dip & Rip…a pattern I frequently discuss with my [SteadyTradeTeam members](. #2 Wait For Afternoon Confirmation If you’re a newbie trader, you probably want to avoid the morning entirely. There are a lot of head fakes that can happen within the first hour of trading. It’s better to watch and build your screen time up. That’s why I often tell my [SteadyTradeTeam crew]( to wait till the afternoon to see if the stock holds up. [I like using the VWAP]( to gauge if the stock is still in an upward trend. If it is above the VWAP, there’s a chance it could make a late-day rally into the close. #3 Wait For The Oracle Levels To Guide You Oracle is a proprietary algorithm that my team and I developed. And points out levels for buying and selling based on the model. Oracle has had over 2,300 winning picks since its development. And points out levels for buying and selling based Now, I could go on and on about what makes Oracle so flippin’ awesome. But I want to do you one better than that. I want to invite you[personally to a live demo.]( [It’s an ALL-DAY trading workshop,]( starting at 8 EM ET on Friday, February 17th , where we’ll cover all the pre-market action, opening bell, afternoon session, and after-hours trading. Joining this event is simple. [All you have to do is register right here.]( Tim Bohen Lead Trainer, StocksToTrade AI chart: 3-month, daily candle — courtesy of [StocksToTrade.com]( The stock is trading [high volume]( and breaking through resistance levels. It’s making higher lows and higher highs. A downtrend looks like this… There’s no volume. The stock sinks day after day and the chart is full of red candles meaning it’s making lower lows. VINO chart: 1-year, daily candle — courtesy of [StocksToTrade.com]( Joining a trend is important because it helps you capture potentially big moves in the direction you’re looking for. But trading trends also help you avoid the dreaded choppy chart… Where a stock is just going sideways along [VWAP]( … Maybe having [fake breakouts]( or breakdowns that make you enter a position only to get stopped out for a loss. Below is a two-day chart of Genius Group Limited (AMEX: [GNS](. Sure, it looks like there are opportunities to catch upside or downside moves… But where are your odds? These are random moves … The stock is trading sideways in a channel between roughly $5 and $5.75. There’s not a lot of potential to [grow your account]( trading a stock that moves like this… GNS chart: 2-day, 2-minute candle — courtesy of [StocksToTrade.com]( As a day trader, [swing trader]( or momentum trader, you want to avoid those charts that only result in a bunch of papercut losses, a mountain of frustration, and [wasted day trades](. Instead, you want to look for a stock in a trend and try to join it. Before you take a trade, think of the famous quote, “the trend is your friend.” Here’s how to spot them… 5 Ways to Spot Trends I think going long is better for new traders, so I’m going to focus on how to spot uptrending charts. To find stocks in an uptrend I like to see… - Higher highs and higher lows on the chart. - A stock in a hot sector. - Trading high volume. - Breaks through resistance. - Above VWAP. [Price action]( and VWAP are the most important indicators to me. But the more [indicators]( moving averages, and resistance levels the stock is above — the better. How You Can Trade Trends I don’t like to play guessing games or try to anticipate upside moves. I look for a stock that meets [my criteria for an up-trending stock](. Then I wait for confirmation that the stock could continue higher… And that means looking for entries around breaks above resistance levels. Either multi-day or multi-month breakouts on the daily chart. Or high-of-day breaks on the intraday chart. Here’s an example in recent runner, BigBear.ai Holdings, Inc. (NYSE: [BBAI](... On the intraday chart, there were plenty of opportunities to join upward trends when the stock broke its intraday highs … Which all correspondence with Oracle levels — [see how you can get this powerful algo working for you here](. BBAI chart: 1-day, 2-minute candle — courtesy of [StocksToTrade.com]( But on the daily chart, there was another way you could’ve joined this upward trend… The stock checked the criteria for an upward trend… It was making higher highs and higher lows before it consolidated for a few days. It traded high volume and it’s in a hot sector. It broke through [resistance]( and was trading above VWAP on the intraday chart. You could’ve bought the [multi-day breakout]( over any of the last few days’ highs. Again, Oracle laid out multiple levels you could have used as entry points. BBAI chart: 3-month, daily candle — courtesy of [StocksToTrade.com]( Then you can [use the Oracle levels]( to also guide you out of the trade. You can take profits at the next resistance area. Or you can take some off and let the rest ride and see if it can retest the next level without breaking below support. Waiting for confirmation and for the stock to prove itself is how you can join trends and cut out time-wasting and money-losing trades. Get all the stocks and plays I’m focused on with my market updates videos, three times a week! [Join me here]( and I’ll see you there. Have a great day everyone. Tim Bohen Lead Trainer, StocksToTrade   sponsored   RSVP NOW:[Witness the Master Algo Find Explosive Trades LIVE]( (Averages 5 Winners Every Day) RSVP for our all day LIVE algo trading session on Friday… And witness our trading team leverage the [Master Algorithm]( to identify the most explosive stock moves in real time… before they happen. [Reserve your spot NOW]( sponsored   [What’s the difference between you and millionaire trader, Matt Monaco?]( Every morning, Matt has access to a powerful suite of features to quickly find actionable trades- without spending hours researching. In fact, using these tools he is even able to find & make trades in under 1 minute! [>> CLICK HERE TO SEE HOW <<]( 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]( [Mark Croock Evolved Trader Daily](   [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. 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