Hereâs how to make your own plans...                                                                                                                                                                      Good Morning! When you trade the right stocks with the right plans, it doesnât matter if the overall markets are getting smoked. You can still catch gains like 52% and 64% in penny stocks like we saw yesterday. And I handed both tickers with trade plans to my weekly watchlist subscribers on Sunday. Itâs great when a plan comes together⦠Speaking of plans, a lot of traders are worried about the recent market volatility. If youâre in that camp, do yourself a favor and check out this [special live training that my mentor Tim Sykes is hosting on Thursday night.]( Your ultimate goal should be self-sufficient. Thatâs what Tim taught me. And not to rely on others for your trade ideas and plans. Thatâs what I want to help you with today. Why These Two Stocks Bucked the Market Trend Ambrx Biopharma Inc. (NYSE: [AMAM]( and Sorrento Therapeutics, Inc. (NASDAQ: [SRNE]( had similar moves to the ones they made last Friday. They both opened weak, then crossed key levels I said to watch for in my weekly watchlist video⦠(SRNE was also a free alert sent to [StocksToTrade telegram]( followers, with a signal price of 33 cents.) But free alerts and watchlist picks will only get you so far in your trading. To learn how to find these trades for yourself you have to understand the mechanics behind the trade idea and the move. So hereâs why these levels are significant and why the moves work so well⦠A Guide to Making Trade Plans First, to find potential stocks to trade â use your tools! Both of these stocks were on StocksToTradeâs [top percent gainers list]( on Friday. And StocksToTradeâs [Breaking News Chat]( alerted traders to Ambrx Biopharma Inc. (NYSE: [AMAM]( on Thursday in premarket when it was trading around $2.05. Once you have big percent gainers with news on your watchlist, itâs time to make a plan⦠Thatâs when you look at the chart to [find important psychological levels](. You can use these key levels to plan trades in almost any stock⦠- Previous dayâs high.
- Previous dayâs close.
- Multi-day high.
- Resistance levels on the long-term daily chart. These levels are all potential [breakout areas]( where longs are all in the green and anyone who shorted the stock recently is in the red. When a stock crosses these levels, especially with high volume, it can mean the trend is continuing to the upside. Thatâs why short sellers [buy to cover]( to cut their losses at these levels. And why momentum buyers buy in to join the trend. If we look at the AMAM chart we can see that it crossed multiple key psychological levels almost at once⦠AMAM chart: 3-day, 2-minute candle â courtesy of [StocksToTrade.com]( It opened above the previous dayâs close and above the previous dayâs high. And a few minutes later it crossed the multi-day high from Thursday morning. You donât have to be perfect and catch the entire move. Make a plan and pick an entry where youâre comfortable and just try to catch a piece of the move. Risking a break below the previous dayâs close is a nice [tight risk]( for this trade idea. Sorrento Therapeutics, Inc. (NASDAQ: [SRNE]( had a very similar move to AMAM yesterday morning⦠SRNE chart: 2-day, 2-minute candle â courtesy of [StocksToTrade.com]( It opened slightly red but immediately crossed the previous dayâs close. And a few minutes later it crossed the previous dayâs high. Again, you can pick whichever entry you're comfortable with and just try to catch a piece of the upside move. Like AMAM, SRNE offered a nice tight risk level at the lows of premarket consolidation. These kinds of morning moves happen fast. But when a stock makes a [bullish move]( over multiple key levels, it doesnât matter what the overall markets are doing... What matters is the trend of the stock youâre trading, and understanding where the buyers and sellers are. Tune into my [Market Update videos]( to learn more about the mechanics of the market and stock moves. I send them out three times a week to keep you in touch with [whatâs happening in the markets](. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored [This 24-Year-Old Went From Broke to $1.4 Millionâ¦]( 24-year old Matt was like most college students. Studying in college, broke, and worried about landing a 9-to-5 job⦠until he discovered this 3-Step System! After only two years Matt collected over 1.4 MILLION dollars from trading⦠And itâs all because of something called âOracle.â [Click here now to find out how you can start following Oracleâs 3-Step System today.]( sponsored [How I Turned My 1st Hater Into A Millionaire]( Tim Sykes here⦠In this video, I reveal the same exact strategy that helped Michael Goode make 6 figures a year and become my FIRST-EVER millionaire. Even if youâre skeptical, at least take a look at what I have to say before writing this off as a scam or too good to be true. Are you ready? [If so, watch me explain the full strategy here.]( 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. 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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