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- Why I Love Gap Trades
Good afternoon traders,
When it comes to trading stocks, it’s all about trying to find an “edge.”
For me, that edge is knowing how to run a simple stock scan to narrow my ideas and then finding a chart pattern that I think has a high conviction.
Sure, not all high conviction setups are winners but I’d like to show you one that worked today and one that I think could work very soon.
Let me start off with SNOA.
Today, in the Atomic Trades service, I said to watch for SNOA and the reason why was the “gap” potential to $.30s. Notice the mention in chat was at 11:07am when SNOA was around $.17.
Here is the daily chart showing the “gap” I am referring to and WHY I mentioned this in the Atomic Trades room at 11:07am. I just loved that potential for a big move.
What happened next is picture perfect! SNOA ran right up into that gap toward $.35. While we didn’t CLOSE the gap to $.35, SNOA did run around 80% from $.17s to $.31s
Atomic Trades, penny stock service that emphasizes TEACHING how to scan for penny stocks and refine your scan to look for my highest conviction trade ideas, every day from 3pm to 4pm.
What stock do I think could be next for a gap move?
Right now I am in SLS for the same reason I liked SNOA. A lot of gap potential to the $.80s from $.60s. Now, I don’t know if SLS will move that much or at all but it’s about making a trade based on education, technical analysis and planning, which is my “edge” here.
Want some help finding stock ideas?
Running scans?
Maybe finding YOUR edge?
My penny stock “Power Hour” scanning service, daily from 3pm to 4pm EST.
All end of day ideas are shared via email and smartphone app alert for those who can’t join me live. So if you’re busy at work, no worries, I’ll share education, ideas and alerts with you via email and phone.
I also have an educational video library you can stream on demand to help quicken your learning curve to penny stock scanning, trading and even options trading as well.
Check it all out right here.
2 sign up options, you pick what’s best for you.
See you today for my next LIVE stock scan?
Cheers
P.S. If you would like to see if you have any credits you can apply to any of my services, please reach out to Jeff Brown at [email protected] or call him at 800-585-4488.
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