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One of the biggest mistake a trader can make is making things more complex than they need to be.
The truth is: complexity isn’t a requirement to accurately predict a stocks next big move or your next big profit turner.
And today, I want to reveal my simple system that can pinpoint the next profitable opportunity with ease.
Here’s what I mean…
How to Score Triple Digit Gains Using My K.I.S.S. System
Traders and investors are always faced with the question, “Which stock do I trade?” There are a myriad of ways to answer this question. Long term investors normally lead with fundamental analysis letting the financial health of the company determine which stocks they will buy and hold.
Traders usually lead with technical analysis using technical indicators that generate signals today based on historical data. I’ve written about a lot of technical indicators and all of them have merit. Moving Average Convergence Divergence MAC-D, Relative strength index (RSI), Stochastics, and Bollinger Bands are a few examples of indicators that take historical data, create lines on the chart from which we can spot patterns that may result in a correct directional prediction.
All this is great, but sometimes it’s best to keep it simple.
And believe me, it doesn’t get much simpler than my K.I.S.S system.
Here’s how it works:
On a daily basis I scan for which stocks are making the most noise. By that I mean stocks that make the biggest percentage moves in a single day. Think of it as listening for a thunderclap and jumping on stocks that have the loudest thunderclaps.
This “noise” is actually stocks that are making the biggest one-day moves.
This makes the process much simpler as the big movers are easy to pinpoint. No complicated technical indicators -just biggest percentage movers.
The biggest moving stocks tend to keep on moving in the direction of the day. We can apply some basic technical indicators like support, resistance, volume and moving averages to strengthen our directional prognosis.
Now, let’s look at an example on Tiffany (NYSE: TIF).
On 10/10/18, TIF came up on my radar with a thunderclap after dropping 10.22% in a single day.
What makes this 10.22% drop even more compelling is that TIF
also crashed through its 200-day moving average accompanied by a big volume spike suggesting even more downside.
Further strengthening a bearish prognosis is that on 10/10/18 the S&P 500 broke decisively through its 50-day MA as you can see below:
Two months later, TIF
is currently sitting on a $25 (23% drop) with apparently more downside to go, as you can see below on the current chart:
Additionally, the 50-day MA is now firmly below the 200-day MA confirming a continued bearish prognosis.
I use a scanner to find these and here are the current biggest droppers as of the writing of this article:
Be sure to apply your favorite technical indicators as well as confirm with a market index chart like the S&P 500.
Remember, your stock analysis doesn’t have to be complicated to score big profits!
In fact, it’s not out of the ordinary for the so-called “complexity” of options trading to send readers to the hills…
But here at Power Profit Trades we know better. We know it’s all a rouse Wall Street puts on to keep the billions of dollars of cash at play in their hands – not yours.
And that’s exactly why I built the America’s #1 Trader Cash Course. It’s always been my mission to reveal the secrets Wall Street’s been keeping from you for years… plus share a few more tricks I’ve been hiding in my sleeve.
Day after day, I continue to uncover an arsenal of unique, yet highly lucrative patterns in the market that no one else can see. And today I want to show you how easy it is to apply these secrets and strategies to set up a series of take-it-to-the-bank paydays on the biggest sticks in the market.
Everything you need to get started is right here.
To your continued success…
America’s #1 Pattern Trader