Too many hot plays? Do this...

It’s tempting to try to chase everything. Don’t do it... [Image]( 12/22/2020 Too many hot plays? Here’s How to Deal. ✔️ Choosing what to follow when the market’s going crazy... ✔️ Miss a hot play? How to let go and get ready for the next one. ✔️ And [how six traders hit seven-figure profits while living the trade-from-home lifestyle*...]( [Alternate text] There are so many stocks in play right now … it’s easy to get overwhelmed. It’s tempting to try to chase everything. Don’t do it. No matter how hard you try you can’t catch them all. You’re never going to nail all the hottest plays. So how can you prioritize? Get organized. Here, I’ll give you some key preparation tips … and advice for getting over missing a hot play. Plus, I’ll offer advice for prioritizing the stocks on your focus list so you’re in the best position to catch the next one. Sponsored Ad Editor Note: Below is an important message from one of our highly valued sponsors. Please read it carefully as they have some special information to share with you. [Image]( The Hottest Plays Picture this... You buy a stock. After a while, you take a small profit or your stop gets hit and you take a small loss. No big deal. You’re trading with rules and following your plan. But then you wake the next morning, and the stock’s up 100%. You kick yourself... If only you had held just a little bit longer... If only your stop was just a little bit further away… Stop right there. If you followed your plan, you did everything right. Try to shift your point of view. The next time this happens, look at the big picture. What could you have done differently the day before knowing what you knew then? Often, the answer is nothing. If that’s the case then you need to accept that this one just didn’t work out. But if there was something you could’ve done, then use the experience as a learning opportunity. You had to pay some market tuition, but you learned a lesson. Either way, you need to look on the bright side. And ask yourself one important question... What’s Driving the Move? If there’s a big mover, take a step back and ask yourself what’s causing the movement. Is the sector heating up? Did a news catalyst come out? Look at stocks in the same sector. Sometimes, related stocks will start to move. It happened in the alternative energy sector this year. First, electric vehicles (EVs) started spiking. Then it was solar power. After that, different fuel cell and battery stocks were in play. And now uranium stocks are rising… If you’re still hung up on the EV stock you missed or sold too early, you might miss the fuel cell stock right in front of you. Sponsored Ad [Is This Your “Turning Point”?]( [Image]( Paul Scolardi used to work in a cubicle… He was a regular American. Now he makes more in a single trade than he did in a whole year. And… He only works a few hours a week. If you want to learn from his path towards financial freedom… [Click here to apply >>]( Get Organized Right now, we’re in a bull market. It’s tough to keep up with all the hot plays. You can’t catch every one. You don’t need to catch every play. So stop trying. Seek out the best opportunities that fit your go-to setups. Only trade the ones that fit your criteria. And always have a plan. A trading plan always has these three parts: - Entry: A price that’s not chasing where your potential reward outweighs your risk. I want my reward to be five to 10 times the risk I take. - Stop: Always have a plan to be wrong. If the stock goes against you, cut your losses, and get you out of the trade. Set this price before you enter the trade. - Profit target: If the trade goes in your favor, you should have a plan for where to take profits. I like to take my profit in portions as the price climbs. This allows me to lock in some profits but continue to benefit if the trade continues in my favor. Before you can trade according to the plan, you need to prioritize your focus list. Here are some suggestions... High Volume First Put the hottest plays at the top of your focus list. Consider potential price points for trading plans. Next, see what stocks have the highest volume. These are the most likely to make a big move. Give priority to stocks with high volume and the greatest reward to risk. You don’t wanna risk $1 to make $1. You want to find the stocks that you can risk $1 to potentially make $5 or $10. Sometimes the hottest plays are just too hot to touch. This is when you need to pull back and get the 35,000-foot view. What’s driving this play? What other stocks could benefit? Keep looking forward to the next hot play. Don’t worry about what could’ve been. There will always be another hot play. Low Volume Last The last stocks on your focus list should be the potential sleeping giants. But don’t dismiss them entirely. Sometimes, these stocks have a great risk/reward ratio. Try to consider what might be the next big market trend. Find the stocks that could get attention when the right catalyst comes out. I’ve always got a list of sleeper stock that I’m watching. Some have had very low volume for a long time … but I keep watching so I can be prepared. I can be patient. It gives me time to plan the trade and build a position with little risk and high reward. Sponsored Ad [100% FREE of Charge A Brand New Holiday Trading Guide]( [Image]( Tim Sykes put together something special to help you get ready for 2021. Be one of the first to get it → [click here to get your gift now.]( Keep Moving Forward Right now, the market is moving 1,000 miles an hour. No human is fast enough to catch every single hot stock. There will always be another opportunity. Don’t get too hung up on what could’ve been. Instead, focus on being prepared for what comes next. Study current hot plays so that you can find clues about future hot plays. Keep looking forward. And keep studying the market and learning each day. Tomorrow’s another day. Will you be ready? Choose wisely, Paul Scolardi Editor, Swing Trade Millionaires Get Immediate Access (Free of Charge) Click to read these free reports and automatically sign up for daily research and other important offers. You can unsubscribe at any time. [Alternate text]( [Free Book](//timsykesbook.com/1c/ahf/confirmation/?one_cl=y) [“How I Made My First $2 Million in the Stock Market”](//timsykesbook.com/1c/ahf/confirmation/?one_cl=y) [Alternate text]( [PSYCHO Trader!]( [Why Serious Traders Master Their Emotions]( [Alternate text]( [An Essential Guide: How to Take Advantage of Ignored Stocks]( [Terms of Service]( [Privacy Policy]( [Image] 66 West Flagler Street STE 900 Miami, Florida 33130 United States [Facebook]( [Twitter]( [Click Here to Unsubscribe]( *Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. 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