And will it have a Friday Squeeze? â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â Good Morning! Two days ago we had a massive premarket runner â I was screaming at people to buy it in premarket before it shot up 59%. But when the market opened, the stock fell off a cliff. Maybe you were one of the dip buyers caught trying to catch a falling knife⦠Or maybe you sat on the sidelines but you're still confused why the stock didnât fly higher â especially since it had some pretty incredible news⦠Well, if youâre one of those confused traders, Iâm going to give you some clarity today. Read on to find out why Recursion Pharmaceuticals, Inc. (NASDAQ: [RXRX]( wasnât a buy on Wednesday ⦠But itâs a top watch today. Why RXRX Wasnât a Buy On Wednesday If you trade during regular market hours, RXRX wasnât a buy on Wednesday. Yes, I know it had incredible news with NVIDIA Corporation (NASDAQ: [NVDA](... And I was screaming for people to buy it during [Pre-Market Prep]( But once the market opened there was no reason for anyone to get in this thing. I mean, look at all those red candles at the open⦠RXRX chart: 1-day, 5-minute candle â courtesy of [StocksToTrade.com]( If youâre scratching your head and wondering how I can be streaming for people to buy the stock in the premarket but not at the open â let me explain⦠As traders, we want to [check all the boxes]( before a trade. And while RXRX had impressive news that was bullish, we still have to check the other boxes⦠- Is it a low float?
- Does it have [float rotation]( of the potential to rotate the float as the day goes on?
- Is there a pattern?
- Is it [full of short sellers](
- Does it have a history of running? Not every trade will check all the boxes â but we want to check as many as we can. RXRX didnât check a lot⦠- It has a large float.
- It didnât rotate the float.
- There was no pattern after the open. It does have a history of [multi-day runs]( but short sellers were all probably blown out of the water in premarket in that massive move. After all â RXRX gapped up from $6.78 to open at $14.67! So during premarket, there was still a good opportunity â if you follow my rules like buy in pre, sell in pre. The news was hot and fresh and [short sellers all had to exit](. But after the open, there was no reason to enter a trade⦠The news was priced in and there was no confirmation it could go higher. There was no pattern and the stock couldâve even [hold above VWAP](. But still, dip buyers kept trying to guess the bottom. Itâs the opposite of short sellers trying to guess tops as the stock climbs⦠I donât like guessing games. I like to have a plan with key levels for my entries, risk, and goal. And if my entry price isnât triggered, I avoid the stock â no matter how âgoodâ the news is. Now, let me be clear â RXRX is absolutely still a stock to watch. Especially since today is Friday and [a prime day for short squeezes]( But you must wait for confirmation and a pattern. Itâs now had two days to lure in short sellers ... So when it breaks key levels, it could go⦠But remember, this is a large float stock that wonât be as explosive as low floats. If you want to know which levels are key â [join me in StocksToTrade Advisory](. I go over key levels and how to plan trades in [my Market Update videos]( three times per week. Plus, I send you watchlists, reports, and more! If you want live mentoring from me every single trading day â [discover how you can get access to multiple webinars per day here](. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored 3 Warning Signs Youâll Never Be a Profitable Trader These are the 3 âdeathâ signs as I like to call them. - Youâre always one foot in, one foot out when it comes to trading. (You say things like âIF I succeedâ instead of âWHEN I succeed.â)
- Youâre a strategy hopper. Always hopping from one strategy to the next, watching youtube video after youtube video, always telling yourself âThis will be the oneâ without ever taking the time to master a single strategy.
- You donât value your success, so you never invest in your trading education. If one of these âdeathâ signs sounds like you, donât sweat it. Tim Sykesâ development team has turned the trading formula behind all 30+ of his Millionaire students into a simple and easy-to-use trading algo. And YOU can be among the first traders to use it⦠[>>Click here to discover your newest trading secret weapon.]( sponsored This âLoopholeâ Is So Powerful Thereâs a renegade day trader who discovered a powerful âweekend loopholeâ in the stock market. It allows him to place trades on Friday afternoon⦠And open up his laptop on Monday to potential green. Heâs used this âloopholeâ to make $8,780, $9,177, and even $69,962 all over the weekend. And he claims with the right amount of hard work and dedication, ANYONE can learn how to use it too⦠[>>Click here to discover how he does it<<]( 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](
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