Do this before every trade â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â â â â â â â â â â  â â 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! Holiday trading has been insane this year! Cardio Diagnostics Holdings, Inc. (NASDAQ: CDIO) soared 143% last Monday⦠Safety Shot, Inc. (NASDAQ: SHOT) gained 74% last Tuesday⦠SciSparc Ltd. (NASDAQ: SPRC) climbed 90% on Friday. Yesterday, RedHill Biopharma Ltd. (NASDAQ: RDHL) and Biodexa Pharmaceuticals Plc (NASDAQ: BDRX) spiked 226% and 215% respectively. There are so many opportunities out there, and I want to share how you can spot them for yourself. But before you trade any of these big gainers â you have to check the boxes. What boxes? Iâll share the five most crucial ones shortly⦠But first⦠Market participants will be closely watching this Wednesdayâs GDP numbersâ¦will the outcome push stocks higher, or will we miss the Santa Claus Rally? [My money is on one man knowing...And at 1 PM ET TODAYâ¦]( [He'll be revealing his number #1 way to play it!]( Five Boxes to Check Before You Trade I will use BDRX as our box-checking example today since itâs the most recent runner in tradersâ minds⦠Why did it have such an incredible spike in the premarket with a textbook dip and rip after the open? [[ratio] ]( Five checked boxes hold the answers⦠#1 - Cheap Locates BDRX started spiking in premarket and a SteadyTrade Team member mentioned it had cheap locates. As it was spiking in premarket, I had to wait almost 25 minutes for it to pull back and put in a five minute red candle. I was waiting for that pullback to suck in shorts and give me levels to make a trade plan. And as the premarket went on, the cost to locate shares went from 3 cents a share to 15 cents. That tells me that the demand for shares to short was increasing. And we want lots of short sellers to create big squeeze moves⦠#2 - Chat Pump BDRX was also a chat pump. That can bring in more buyers in premarket as the chat guys sheep come in and buy up shares. But remember that most chat pumps fail after the open. So you want to buy in pre, and sell in pre. Then make the stock prove itself after the open. Once BDRX pulled back and held around the $4.62 Oracle support level⦠It broke through the premarket high for a dip and rip. And that was my planned entry⦠BDRX chart: 1-day, 5-minute candle â courtesy of [StocksToTrade.com]( #3 - Low Float BDRX has a float of fewer than one million shares. That gives it explosive potential. And thatâs exactly what we got⦠My goal for the trade was $6.25. BDRX blew through that level and climbed to $8.80! But I set conservative goals. Because after BDRX made that incredible high â it slammed back down to $6.30 in the same 5-minute candle. So manage your expectations when making trade plans. #4 - Press Release The next box that BDRX checked was that it had a press release. We always look for stocks with news to give us a âwhyâ for a stockâs move. BDRX dropped [a press release]( announcing an agreement to acquire a license to a type 2 diabetes treatment that Pfizer originally discovered. The tie in with a bigger company made the news look more important. And diabetes news also puts it in a⦠#5 - Hot Sector Diabetes is a hot sector. Not only is it a wide spread disease that affects a lot of people, like we like to look for⦠But ever since news about Ozempic â a diabetes treatment that can also be used for weight loss â [hit headlines]( itâs been a hot sector. Combine all of that with a beaten down chart setup for a [first green day]( and youâve got a box checker for a potential trade. BDRX chart: one-year, daily candle â courtesy of [StocksToTrade.com]( Of course, these five criteria donât guarantee a winning trade â or even that the stock will continue higher after the market opens. But thatâs where your [trade plan]( comes in⦠You always need a trading plan with an entry signal, a stop loss, and a goal. And you need to stick to the plan once youâre in the trade. This was my plan for BDRX yesterday with my notes about the trade idea⦠If you want to get my trade plans, like this one, delivered to your inbox every morning â [sign up for my Daily Market Profits here](. I email you my morning pick and trade plan and go live every day at noon to give you my number one afternoon trade idea. [Join us today, and Iâll see you at noon]( Have a great day, everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored [TODAY AT 1PM ET] Urgent Trade Opportunity Ahead of Us GDP Event Wall St legend Jeff Zananiri is going LIVE at 1pm ET to reveal the massive opportunity this afternoon to trade the upcoming GDP event! Donât miss this⦠[Click here to RSVP for Jeffâs live training on trading the GDP report.]( sponsored âOne Recurring Pattern for the Trade-From-Home Revolutionâ Tim Sykes is a self-made multi-millionaire... He learned to trade a recurring penny stock pattern over and over again What could you do with a secret weapon like that? [Click here to find out]( sponsored ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. [To The Moon Report Weekly Stock & Crypto Watchlist]( Recommended Membership Gifts
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