"This lotto play on CVNA netted a 100% gain in less than 3 hours." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Last week's trading challenge was incredible. I had a lot of fun watching more than 100 traders compete. Overall, more than 20 contest participants closed at least one 100% winner. With some traders closing multiple 100% winners. But the fact that they closed a trade for a triple-digit gain isn't the most important part. The bigger question is… "How did they trade those winners?" Also… "Is their process repeatable?" The truth is… if you know how to trade a certain pattern, then you can repeat the process over and over for consistent winning trades. For example, I used my TPS system to close one of my biggest winners of last week. It was a lotto trade in Carvana (CVNA). Here's how I set this trade up using my TPS (trend, pattern, squeeze) system… I noticed the CVNA chart had 3 squeezes and clear trend and pattern. So it had all the makings of a big move up. I got positioned in the afternoon, with the expectation that I would hold overnight. But it didn't even take that long for a big move. CVNA took off in a few hours, and I closed for a 100% winner on the same day. That's how fast these lotto trades can move. The good news is… even if you didn't get in on the first CVNA trade, I believe its chart is just getting started. Last Friday, CVNA got a price target raise on Friday morning from Wedbush. So I'm looking for another dip on CVNA before a strong break to the upside. Which is why I'm putting it on my watchlist for another trade this week. |
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