While I was presenting at the RagingBull Traders Summit yesterday, the market was selling off.
Not just selling off… dropping like a rock.
In fact, to add a little significance to it all, the Dow had its first 1,000 point drop in 2 years.
Was this unexpected? To some, but at some point, there had to be more of a reaction to the coronavirus than a complete disregard for its potential effects on the global economy.
So how do you trade a market like this?
I just follow my system. It works in any market, including yesterday. And I’ll show you exactly how to accomplish it.
During my presentation at the RagingBull Trader’s Summit, I walked everyone through my system…
With my system, I don’t have to worry about what the market is doing. That’s because penny stocks don’t really care.
Ultimately all trading comes down to supply and demand. If demand is high enough, the stock will go up.
And since penny stocks move on their own catalysts, they can go up when the market is going down. You just need to know what to look for.
Now you are probably thinking I must spend a lot of time looking for the right catalyst and analyzing the effects.
This can’t be further from the truth.
With my system, it doesn’t matter.
That’s right, you don’t have to look up the news and try to understand it. You can, but you don’t have to.
The catalyst is what creates the demand and the demand pushes the stock higher even though the market is tanking.
My system uses some specific criteria to find a trade and tells me if the stock is going up or not.
So while the catalyst is the reason, I don’t need to know the reason. I just need to follow the clues.
And that makes my life easier.
I can run my whole system in as little as 10 minutes a day. Get started right here with my free profit prism small account starter pack.
I run a simple scan using my set of criteria to narrow down the stock universe. I want to see specific volume levels, stocks that are 5% or higher on the day, and stocks under $10 for example.
Once I narrow the search down, which takes seconds, I just scroll through the charts that pop up and look for my patterns.
And this part only takes minutes because once you learn to recognize these patterns, they will pop out at you very easily.
Once I pick the few that have the patterns I like, I’m ready to break those down to pick my trades.
When I take a trade at the end of the day, I am in it for a very short time before the market closes and then I just wake up the next day and take my profits.
So what’s important now… well, I want to buy stocks that other people are buying, higher demand.
So when I narrow in the final candidates, I want to find a stock that’s continuing to trade near the highs.
If the stock went up on a strong move but then pulled back a lot at the end of the day, it’s telling me people are selling into the close. They don’t want to hold it overnight.
I plan to hold it overnight so I want to buy a stock where the demand is still high at the end of the day.
It’s not rocket science guys… you can learn to trade and make money in any market.
Take your education to the next level.