Is trading tough for you right now?
Don’t worry, there’s a good reason for that.
The markets are getting hammered. I told you all in my last webinar that I was sitting on my hands. And I wasn’t joking.
There are fewer plays to make when the market is down. And this year, it’s really down…
The last time the S&P 500 ETF Trust (NYSE: SPY) started a year this badly was 1939.
Pat yourself on the back for staying in the game. This industry isn’t for everyone. I admire your tenacity.
Now, let’s get down to business. The markets are down, but there are still opportunities to profit.
Allow me to explain…
The Bear Market Rally
Stocks can’t tank forever.
It’s a lot like when stocks spike. Even if a stock is in an uptrend, it’ll have periods when the price dips. A stock can only spike for so long.
The same thing happens when prices fall. Take the SPY for example. The last two days were green…
That bounce in the market can cause other stocks to spike for a short period.
And that’s where day traders can profit.
It doesn’t mean the bear market is over. But it’s a breath of fresh air in this trading environment.
Keep reading for some examples…
Bear Market Bounces
The stocks bouncing right now are…
- ShiftPixy Inc. (NASDAQ: PIXY)
- Lordstown Motors Corp. (NASDAQ: RIDE)
- Sysorex Inc. (OTC: SYSX)
For the best chance at catching a bear bouncer, focus on stocks that…
- Have lower floats (below 100 million shares)
- Have a catalyst or reason for spiking
- Have a history of spiking
If you’re serious about trading and want more guidance…
Join me and my students for a live stream trading webinar.
Also, my mentor Tim Sykes and I are going on tour. We’re coming to a city near you for a full day trading conference.
====>Make sure you reserve a spot!
Watch for the bounce,
Roland Wolf
Editor, The Wolf’s Den