Have you been struggling to find great day trades in penny stocks lately? Me too.
But I’ve still been able to profit over $26,000 in the first month of 2022.
A lot of people say, “Tim, you have time to sit in front of the computer all day. I can’t do what you’re doing because I work a ‘real’ job.”
Wrong! Day trading isn’t my only job. I teach and run a charity. I spend countless hours making content for students, and I’m always working on new projects to improve the day trading world.
I don’t even watch my screens the whole day. You’ll see later in this post that I missed out on some big moves because I didn’t have time to watch the market.
Stop making excuses. If I can do this, so can you.
It’s all about optimizing your time and learning the best setups. And I’m here to help! Keep reading to get started…
My Strategy for Trading Penny Stocks Right Now
I became a millionaire by day trading penny stocks. After years of studying, I realized certain stocks follow predictable patterns.
No, those patterns aren’t always the same. This isn’t an exact science.
But I have helped dozens of students on their way to become millionaires through teaching them my rules and strategies. These are the same strategies I’ve been using for 20+ years. Here’s the proof.
With all that said, patterns come and go. You’ve gotta pay attention to what’s working in the market when you’re trading.
Here’s what I’m playing right now…
Oversold Bounces
This market is choppy. Long-biased day traders have been struggling. And for good reason. The markets are kind of tanking.
But yet day traders like me are still able to profit. And it’s NOT because of luck.
A lot of stocks are tanking with the overall market. Not fun, right? Here’s where it gets good…
When prices fall dramatically, there are usually a couple of bounces to take advantage of.
Why? Traders notice the price is way down from a few months ago and want to get in while it’s cheap. So the stock bounces.
And I aim to trade the bounce. It’s usually pretty quick, like a few minutes. But that’s the beauty of it. I don’t have to watch the stock for hours and hours.
Here’s an example of a trade I made recently…
Epazz Inc (OTCPK: EPAZ)
Check out the daily chart for Epazz Inc (OTCPK: EPAZ). It took a nasty dive from $0.035 down to $0.01. But notice on January 26, it bounced with big volume.
Let’s zoom in on that day. I always pay attention to morning volatility. The first and last hours of the day are when the market is hottest.
It opened strong and I bought on a dip at $0.0152. Then I sold at $0.016 when it had a hard time holding gains.
Notice how quick that trade was. Just a few minutes for more than a 5% profit.
The crazy thing is, I missed a bigger move later in the day. Check it out…
Many Opportunities to Profit, Even in an Ugly Market
After the first hour of trading, I closed my laptop to work on some other business. And I missed a big breakout.
Think you don’t have time to trade? Listen up!
There are profit opportunities throughout the day. You can mold my strategies to your schedule.
Check out this 12% breakout pattern that happened on EPAZ just two hours after my trade.
Here’s the key to profiting in this market …
Watch the stocks when you have time to trade.
Don’t quit your day job yet. Use free time to hone your trading skills and make the best plays when you see them.
It’s all about the process.
You won’t make $1 million overnight. My best student Tim Grittani started out losing money. Now he’s made over $13 million in trading profits.
Do what you can now to prepare for the future!
Think you can be as disciplined as Grittani and roll with the losses? Then I want you as my student! Apply for my Trading Challenge and see if you make the cut.
Leave a comment! How are you adapting and optimizing for day trading in this volatile market?
The post Adapt + Optimize! My Winning Strategy for Day Trading Penny Stocks in 2022 appeared first on Timothy Sykes.