This stock market has been so volatile and difficult to trade. Anytime I have tried to hold a stock for more than a few hours - I have lost money!
Well, I found a good way to make money consistently every week in this horrible market, without having to be glued to my computer all day. It's called Fast5 Trades by Kyle Dennis.
Imagine if you knew when thousands of people would buy a low priced stock. When that happens on a stock that costs less than $10 per share, the buying pressure is often enough to cause a temporary but significant increase in stock price.
This is why you will often see a spike in stock price when a stock alerts service sends out a 'buy' alert to it's members. The unfortunate people that chase the price up when this happens, will almost certaintly find themselves at a loss very quickly.
Let's use this real stock trade I made last week as an example. Kyle Dennis (my trading mentor) sent out an alert in the morning saying he had just bought shares in CLVS at $8.13. By the time I had placed my trade, just 3 mins later, the price had increased to $8.27.
A few minutes after that, the stock peaked out at $8.47 and started to sell off. Luckily, I sold my shares a few minutes after buying them and made some nice profits.
However, if you had been a bit slower and bought up in the $8.4's you would have been dismayed to see your position immediately go red.
The stock price continued down all morning. The reason was partly because of bad economic news which pulled most stocks down.
However, if you stay nimble in this market and scalp stock alerts services (like Fast5 Alerts) you can still make a lot of money. It takes skill and nothing is ever guaranteed, but you can nearly always find an edge and exploit it for profits.
If you are fast, you can buy before a bunch of other people using these stock alerts services. Just don't get greedy and take your 5% profits in just a few minutes.
Then, rinse and repeat.