Timing is everything â these tools can help⦠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! One topic thatâs crucial for traders to understand is when to deviate from your trading plan. I wrote about it a few weeks ago and explained the only situations that constitute changing your trading plan once youâre in a trade⦠And one of those instances came up on Wednesday after I sent out the trade plan for my number one watch. So today I want to go over this crucial lesson again and show you why itâs so important to adapt when necessary⦠Did you see our insane $1 Black Friday deal? [Check it out now and get it before itâs gone]( Why SHOT Tanked $3 Per Share Safety Shot, Inc. (NASDAQ: SHOT) was my number one on Wednesday. I broke down my trade idea and thesis in detail on Pre-Market Prep... ([Attend a live training session to learn how to get in]( The stock was climbing up to the gold [Oracle support and resistance]( line. And thatâs a crucial level that marks where the algorithm thinks the price action switches from [bearish to bullish](. It was right around the $5.50 level which is also a key half-dollar level â not a coincidence. So it was clearly a key level. My plan was to buy a break above that level with risk at the lows of premarket consolidation in the $5.20s, and I had a goal of at least $1 per share. I thought it was a solid plan in a stock thatâs the [biggest squeezer of the week]( We were heading into the holiday, so I didnât think shorts would want to hold it⦠Plus, even though the stock sold off heavily the day before, in the premarket, it was looking like the stock would open green (and it did). For me, it was worth risking 30 cents for a potentially bigger move in a stock with a lot of range. And after the market opened, it did squeeze to $6. But thatâs when something happened that [changed the plan]( I always say to stick to your trading plan, except when: Macro news hits that changes the market environment. Or news hits the stock youâre in. And negative news hit SHOT right after the open⦠The [Breaking News Chat]( team alerted that a short report was out on the company at 9:43 a.m. Eastern. So basically my thesis was right â shorts didnât want to hold and needed to bail themselves out⦠All these big-time short sellers know each other. So of course they band together to get a short report out to bring the stock down. But regardless of my crazy âtheoriesâ about that, as a trader you have to be ready to adapt to these quick changes in the market. The market doesnât care what you want or what you think⦠You have to adapt fast and that starts with having the right tools that keep you in touch with the pulse of the market. Or you get caught in moves like this⦠SHOT chart: 1-day, 5-minute candle â courtesy of [StocksToTrade.com]( StocksToTradeâs Breaking News Chat can help you stay on top of positive and negative news. My Pre-Market Prep sessions and the Breaking News Chat are both part of our [Daily Income Trader System](. All of the components of the system work together to give you trading education, tools, and mentorship to help you become the best trader you can be. Get alerted to the best stocks and stay up to date on the news that can affect their moves. [Learn more about the Daily Income Trader system here](. There are special Black Friday offers on right now so donât miss [our next live session]( Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored The Price Is Going Up in the New Year â Save $500 Now! The clock is ticking on our Black Friday Flash Sale! Stop wasting time hoping youâll get the gifts you want this year ⦠Get them for yourself now⦠Picture this: real-time insights from our proprietary Oracle algorithm, morning webinars, top stock alerts, and the Daily Double Down session â all at your fingertips. Give yourself the gift of game-changing trading tools. You deserve it! Donât wait for the new year ... The price is going up. Nowâs the time to act⦠[Secure your $500 savings now!]( sponsored $1 Black Friday Deal!! Our Black Friday Deal is here! Itâs your only chance to learn with me for a full year for just $1! Thatâs an incredible 97% discount from its original price. Once You Claim This Black Friday Deal Youâll Receive: â
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