Dan Mirkin here, with another trick from my playbook. Over the weekend, I had a blast replaying Friday’s trading race with our Trade Ideas software. It’s like reviewing game tapes before the big match; it helps you spot the winners, anticipate moves, and get ready to score big.
That’s how I nailed it with SELX, a standout from Friday’s action, today.🚀 This mover made a massive wave all the way to $2.68 today, and because I had my alerts set at $1.77 📈 and $1.47 📉, I rode it to profit town. 👀 Check the Chart
Here’s the trick: 📍 Set one price alert at the crest of the wave (the top price point you’re watching, for SELX it was $1.77) and another at the trough (the lower price boundary, for SELX it was $1.47). This way, you’re prepped for whichever direction the tide turns.
Don’t worry if you’re new to this; it’s not as gnarly as it seems. Keep it simple, trust what you see, and let the tech do its magic. 🎩✨
To find the races I used for my Sunday prep, simply head to our Price & Volume Stock Racing Channel in the Channel Bar.
In the latest Trade Ideas newsletter, Dan Mirkin shares a valuable trading strategy that combines the power of their software with practical trading tactics. Over the weekend, Dan revisited Friday’s trading session using Trade Ideas software, comparing it to reviewing game tapes before a big match. This practice helped him spot potential winners, anticipate market moves, and prepare for profitable trades.
The Strategy in Action
Dan highlighted his success with SELX, a standout stock from Friday’s trading session. By setting price alerts at $1.77 (the crest of the wave) and $1.47 (the trough), he was prepared for any market movement. On Monday, SELX surged to $2.68, and Dan capitalized on this movement by being well-prepared with his alerts. This strategy of setting alerts at key price points ensures that traders are ready to act whether the stock moves up or down.
Elevate Your Trading Game with Trade-Ideas
The Trick
The key takeaway from Dan’s strategy is setting two price alerts:
- Crest Alert: The top price point you are monitoring (e.g., $1.77 for SELX).
- Trough Alert: The lower price boundary you are watching (e.g., $1.47 for SELX).
This method allows traders to react quickly and efficiently to market changes, capturing profits in both upward and downward movements. Dan emphasizes that even new traders can implement this strategy by keeping it simple, trusting their analysis, and letting the technology do the heavy lifting.
Benefits of Trade Ideas Premium
- AI & AI Chart Signals: Leverage advanced algorithms to uncover trading opportunities in real-time.
- Smart Risk Levels on Charts: Identify optimal entry and exit points with our risk analysis tools.
- Backtesting: Validate your trading strategies with historical data for confident trading.
- AI Buy and Sell Signals: The only one of its kind, offering real-time intraday trading suggestions, including entries, stops, targets, and exits.
- Stock Racing: Visualize the market on your terms! Trade Ideas‘ Stock Racing turns data into a thrilling race, with customizable metrics putting you in control.
By using these tools, traders can enhance their strategies, optimize their trades, and ultimately increase their profits. The Trade Ideas software provides the necessary insights and capabilities to stay ahead in the competitive trading landscape.
