Welcome back to the Wolf’s Den,
Yesterday, in the middle of the trading day, a wimpy little penny stock spiked +16,000%!
I haven’t seen volatility like that in a while. And I’m ready to catch the next runner.
In this industry, when there’s a big spiker, it triggers other penny stocks to spike too. But you’ve gotta know which ones to watch …
I’ll tell you which stock spiked. And I’ll do you one better …
I’m gonna show you how to find the next spiker.
Stop Losing Money
Inflation keeps pushing prices higher. We’re all paying more for the same stuff.
Some people have to take the beating … not me.
I wake up every day ready to grind.
My niche is full of profit opportunities. The key is being in the right spot at the right time.
Watch This BEFORE 9:30AM!
Have you seen what Tim Bohen has been up to EVERY morning between 9:29 and 9:30am?
If not, click here now because he’s getting ready to do it again.
Do NOT wait to see this.
If you’re struggling, don’t worry. You’re not alone.
This is a tough industry. At least you made it this far, don’t stop now!.
Traders that keep losing have two main problems …
- They’re not profiting on trades
- They keep losing money
It might seem like these two problems are the same. They’re not.
I know a lot of traders that don’t profit on every trade. You don’t need to be right 100% of the time in order to profit.
Take me for example … I only win 60% of the time.
A lot of people want to make money on trades. But the real secret is controlling losses.
If a trader keeps losing money, it doesn’t matter how much they make in profits. They could be up $1 million and lose it all in a day.
Want to stop losing money? I found out how … so can you!
Discover the secret to consistent profits.
Yesterdays Big Spiker
At noon on Thursday, July 7, Simply Inc (PINL: SIMPQ) was trading at $0.25.
By 1:10 P.M. Eastern, the price had rocketed up to $3.85.
Here’s a chart …
SIMPQ chart Source: StocksToTrade
As you can see, the spike didn’t last very long.
I’m not surprised. Penny stocks in this niche spike uncontrollably. Then the price comes back down after the hype wears off.
I don’t think I’m gonna try to trade $SIMPQ. Unless it shoots back up towards highs. And I doubt that it will.
Instead, I’m looking for a sympathy play.
A sympathy play is when a stock spikes because a similar stock ran to the moon.
In this case, $SIMPQ is our moon stock. Now it’s time to find the sympathy play …
Are you a quitter?
It’s ok if you are…
Because quitting might be the best decision of your life.
Sound crazy?
What To Look For
I’m looking for stocks similar to $SIMPQ.
Here are the main factors to follow …
- Float: Find stocks with a similar float size. There are 6 million $SIMPQ shares outstanding.
- Market cap: Find stocks with a similar market cap. Something around 6 million.
- Price: $SIMPQ started with a price of around 25 cents. But it ran to $3.85. I’d stick to stocks below $5.
- Sector: Find stocks in the electronic retail sector. $SIMPQ is an authorized reseller of Apple products.
There’s a lot of software that will run this scan for you.
But if you want the best chance at profits, I’d suggest using StocksToTrade.
It has built-in scanners specifically for day traders. And market data displays in real-time!
Try StocksToTrade for 14 days.
Start Your Journey
The road to consistent profits is tough.
You can go it alone … but I wouldn’t suggest it.
When I first started trading, I got a lot of support from my trading community.
And now that I’m a millionaire day trader, I want to give back …
So I started my own trading community.
I hold weekly live streams where traders get to see my screen and ask me questions.
Join me for the next live stream!
Don’t waste any more time,
Roland Wolf
Editor, The Wolf’s Den
All content in this newsletter is intended for educational and informational purposes only.
The material in this newsletter is not to be construed as (i) a recommendation to buy or sell stocks, (ii) investment advice, or (iii) a representation that the investments being discussed are suitable or appropriate for any person. No representation is being made that following The Wolf’s Den’s strategies will guarantee a particular outcome or result in profits. The price and value of stocks may fluctuate depending upon various market factors, and, as such, the strategies used by The Wolf’s Den to adjust for those fluctuations may change without notice.
There are significant risks associated with trading stocks and you must be aware of those risks, and willing to accept them, in order to invest in these markets. Past performance of any trading system or methodology is not indicative of future results. You should always conduct your own analysis before making investments.
You should not trade with money you cannot afford to lose and there is a risk that trading stocks will result in a complete loss of your investment. Trading stocks, particularly penny stocks, is not suitable for everyone and requires hard work, due diligence, capital, and substantial time to monitor the market and timely execute trades.
