Thursday was a bit of a down day for the markets. The Dow Jones Industrial Index was down 500 points at the open, and that had people worried — understandably.
But you don’t make any money running scared, so it’s important to know how to find good trade setups on down days. And luckily for two of my services — Alpha Trade Alerts and Infinity Profit Plays — that strategy paid off.
So in this video, I’d like to show you how we walked away with two double-digit gains — and brag a little — but mostly explain the method!
The key to finding good trade setups is to think like an institution. You want to be able to analyze price and volume from a position of strength — not weakness. Anyone can get scared and start selling when the Dow is down 500 points… and that’s what a lot of people do.
But how do you think like an institution? You trade facts, not opinions.
Which takes me to Step One: Instead of running or speculating, stay calm and collected. Keep your mental capital preserved.
That way you can stay objective when analyzing my two favorite things, price and volume.
Thursday morning, two stocks jumped out at me like a ton of bricks…
Well, bricks don’t jump… but you know what I mean.
One of these stocks was Biogen Inc. (Nasdaq: BIIB), the biotech company that announced a new Alzheimer’s drug toward the beginning of June. On June 7, the day it was approved by the FDA, the stock saw a huge move on monstrous volume.
Prior to the announcement, average volume for BIIB was about 4.2 million shares… but it quickly skyrocketed to 18 million shares.
Those are facts I can trade.
So what happened next? Biogen got overextended and pulled back… until Wednesday, when it crept up on lower volume. Which is OK, it was a quieter day for the markets.
And then, at Thursday’s open, I noticed the stock was just barely above the $350 line where it had closed the day before…
So I wanted in. And it shot up for the rest of the trading session until we booked a win before the close.
Check out my short video below to see my other big win and get an in-depth look at how to find good trade setups.
And as always, make sure to like and subscribe to our YouTube channel and hit that bell so you don’t miss out on any more big moves.
P.S. Every trader wishes they could have been on the “inside” of a crypto opportunity… But now I have a new opportunity that can do just that…
An opportunity that will make Bitcoin look as boring as a treasury bond.
Mainstream outlets haven’t yet picked up on this developing story, but don’t wait on this…
We are only a few weeks away from the “convergence”…