![]() (NASDAQ: ILAG) © Millionaire Media, LLCĪround the same time as HKD’s summer run, ILAG had its moment, burning a lot of short sellers in a quick and violent squeeze. Intelligent Living Application Group Inc. Let’s move on to another former runner that didn’t work out as well, but provides some great lessons. I like them because they work on both the front side of a stock going Supernova and the back side when they crash. They take some practice, but are fairly easy to identify. Morning panic dip buys are the easiest for newer traders and those with small accounts to learn. Here’s what they looked like on the chart: The ‘pump’ is the first phase, followed by the ‘ramp.’ĭuring this time, I look for breakout trades and morning panic dip buys.Īlthough my gains weren’t huge, I captured two morning dip buys and a breakout trade. This caused a lot of shorts to get squeezed, doubling shares in less than 24 hours.Īlthough there weren’t any headlines, our Breaking News Chat Room alerted traders, including me, to the price action.Įvery penny stock that goes Supernova, following the 7-Step Penny Stock Framework, starts with the initial run. That’s when shares caught fire in the premarket, though without any specific news behind it, just pure pump action. ![]() This little known stock blanketed trading blogs this summer with an epic post-IPO run that sent shares up almost 13,000% in a matter of days.Īs I mentioned in Friday’s blog post, former runners are great stocks to find trades.Īfter its summer sizzle, shares hung around $12 until the middle of last week. Let me walk you through some examples of trades I took and how I applied this process. That might sound complicated, but it’s much simpler than you might think. Execute the trade with proper risk management.Determine where a stock sits in the framework.Now, it’s not enough to know the 7-Step Penny Stock Framework. That’s how I achieved a +75% Win Rate and helped more than 30 MILLIONAIRE CHALLENGE students become millionaire traders.Īll my trades are posted HERE on Profitly for anyone to see. Not only does it make my trading simpler, but it’s more reliable. I prefer to wait for ideal setups to form on battle-tested patterns like my 7-Step Penny Stock Framework. You end up forcing trades on setups that aren’t there without a clear edge. However, things get complicated when you limit yourself to just one stock or index. That’s true as long as you stick with quality setups.
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