by Stevie Swai
It’s been a pretty exciting week for Trader Scott and I around here at The Entry Points. And personally, I’ve been feeling a little overdue for some real trading action and some really nice momentum trades. I made a couple of silly mistakes last week and got stuck in some losers, well not really losers, just NOT movers. But that’s what happens when we move away from doing the things that work, and thus fall back into bad habits. Luckily for me, Trader Scott, being the hard working trading partner that he is, has thrown things into overdrive lately and has filtered out some great symbols which he’s shared in the recent pre-market comments. AEZS was one of those symbols. The stock was up about 150%. It rocked my world today and beefed up my account. Talk about momentum!
Scott mentioned AEZS this morning in the pre-market comments that we send out to our subscribers: “AEZS – this news is a bit weird, but let’s see if it can hold the opening gap. Then for me it becomes an opportunity for a setup.”
There were 5 distinct trade setups in AEZS today (the curves on the chart). It closed yesterday at 1.02 and was up this morning in the pre-market. It opened at 1.55 and reached a high of 2.80. That’s an 80% gain from the open and 172% gain from yesterday’s close. We both traded it in different parts of the chart. We both sold too early as usual, but who cares. We take our profits and get out because most likely it’s a “pump and dump” and anyone thinking it’s going to the moon may just be left holding the bag. Getting in and getting out of these crappy little penny stocks is how the gold is found. If you traded it, we’d love to know how you did.
Another winner, which was yesterday’s actual top stock (up over 100%), was CAPR. Sadly, I did not trade this stock, but Scott did. This is what he had to say in his pre-market comments sent out before market open yesterday:
“CAPR – has been given “rare disease designation” – the long-term chart is horrible, what else is new. There should be volatility to work with. Another one for daytrade only in my view.”
Here’s his video post yesterday about trading CAPR (and today’s video post about trading AEZS).
Destined-to-be pump and dumper CAPR closed on July 17 at .68 and gapped up to open yesterday at .96. There were 3 distinct trade setups in CAPR yesterday (curves on the chart). It reached a high of 1.62 and closed at 1.34. (Today, Wednesday, CAPR closed at 1.16.) There were so many opportunities to pull profits out of that stock all day long. Just in the rally alone when it opened on Tuesday, between 9:30 a.m. and 10:30 there was a spread of .60. Even if you bought it at 1.00 and sold it at 1.20, which would have been well below the high, that’s a 20% profit in a matter of minutes. This is what we really want you to start seeing in these trades.
So, there you go, 2 super daytrade winners, 2 days in a row. We don’t pick winners every single day, but our track record has been pretty good so far. We usually mention 4 or 5 stocks in the pre-market in which we expect to see good day trading opportunities, but it’s up to you to watch them all and to choose the ones you wish to trade. Many subscription services out there only recommend stocks, but they never actually trade them. We do. This is a very tough business, but we enjoy the challenges, the trading, and making money – we hope you do as well.
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