Why I Picked A Real Stock As A Day Trade Idea

And why I didn’t like KTTA ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Good Morning! It seemed like every day trader had their eyes on Pasithea Therapeutics Corp. (NASDAQ: KTTA) in premarket yesterday… But I didn’t pick it as my number one watch. It checked a lot of boxes ... But it ended up failing. So it’s a good thing I had another trade idea I liked… It was a little unconventional, but I had my reasons. Here’s why I didn’t choose KTTA as my number one and the three reasons I chose a real stock… But before I jump in… Don't miss the chance to turn market uncertainty into opportunity with PIVOT POINT 24 – where you'll learn the powerful 3-step trading system that notched up 50 triple-digit winners in a single year, regardless of market conditions. [Join us for real-time demonstrations and actionable strategies that have transformed ordinary trades into extraordinary gains like TPST for 319%, AHI for 340%, and MSGM for 249%](. Why I Picked A Real Stock As A Day Trade Idea KTTA checked a lot of boxes in premarket yesterday. I liked it as a number one idea for a while ... But then I looked up how much locates were for short sellers. It turned out that nobody could get locates for the stock. This means short sellers couldn’t borrow shares to short. And if they can’t borrow shares, they can’t take a position. I didn’t think it had any [juice to squeeze]( after the open without short sellers. So I had to come up with another [number one day trade idea]( for my subscribers… And what has been working the best right now? Larger cap names. We’ve talked about them more so as swing trade ideas but you can day trade them too. As long as you have realistic expectations and you’re trading the right stocks. It drives me batty when traders with small accounts think they can't trade real stocks — get that fallacy out of your head. If you know how to look for earnings plays and interpret charts, [you can swing trade](. It’s also the best way to get around the [PDT rule](. And if you still think you can’t trade these real stocks with a small account — look into [options trading](. I’ve had options trader, Jeff Z., on my [Monday morning Pre-Market Prep]( sessions giving out free ideas… And he and I are going live on Wednesday to go over how the Fed announcement could impact markets. [Sign up for that free event here](. Anyway, back to my large cap day trade idea… Sponsored How to find high-certainty setups that jump 100% or more 2023 was one of the most volatile and unpredictable years in recent memory… On average… This system alerted traders to nearly one 100% gainer every single week! So if you’re looking for a system that can find high-certainty setups for you in 2024… [Click here to register for a live demo]( I liked Macy's, Inc. (NYSE: M) because it had [buy-out rumors]( it’s a retail stock and we’re heading into Christmas, and it was on Oracle. So as the premarket session went on, there still weren’t any low-float big gainers jumping out at me. And like I said I didn’t love KTTA… Turns out I was right about that one anyway… KTTA chart: 1-day, 5-minute candle — courtesy of [StocksToTrade.com]( So I went with Macy’s as my number one. I waited for a few minutes after the market opened to get the Oracle signal and I made my plan with a three-to-one risk/reward: Today’s Daily Market Profit Alerts is $M: Signal Price: $20.13 Target Price: $22 Stop Loss Price: $19.70 Whether it’s a sketchy penny stock or a real stock — [the process]( is always the same. Focus on trading the right stocks and have a plan for every trade. I can help you with day trade ideas every morning in the [Daily Income Trader]( system. If you missed the incredible market in 2023, you don’t want to miss what’s in store for 2024! [Attend a free training session to get the 2024 trading playbook]( The price goes up in the new year, so don’t wait. See you on the inside. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade Sponsored   “One Recurring Pattern for the Trade-From-Home Revolution” 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     [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 **Tim Bohen teaches skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. 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