"RDDT was holding the 61.8% retracement level from an earnings gap, so I took a shot." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Editor's Note: Meme stocks are all the rage when it comes to making fast gains for traders. But the truth is… attention-driven stocks like Gamestop and AMC are risky, and we're all about "smart speculation" at Monument Traders Alliance. Which is why on Wednesday at 2 p.m. ET, our Lead Technical Tactician Nate Bear will be showing traders a better way to take advantage of this "speculative frenzy." It's part of Nate's "10x Lotto Trade Summit," where he will reveal how he targets gains as high as 1,127% in 2 days with just $2 (or less). The event is completely free. Click here to sign up today. - Ryan Fitzwater, Publisher Look, while everyone's running for the exits because the week's theme is "market selloff," I'm doing the exact opposite. I'm hunting for lotto setups on the bounce. Here's the thing - newer traders see red and freeze up. But Daily Profits Live members? They know these moments are pure gold for fast-moving trades. I'm talking gains in as little as 4 minutes. Take yesterday's Reddit (RDDT) play. Perfect example. Reddit was a recent earnings winner, and the company had been surging 128% over the last 4 months. But I wasn't interested in RDDT's earnings. Instead, I was looking for established momentum AFTER earnings. Here's how I set this lotto trade up... After looking over RDDT's chart in my S.A.M. Scanner, I noticed it was holding the 61.8% retracement level from its earnings gap. I believed this was a key support level – and a bounce could me imminent. So I got positioned on the $225 calls. The result was a quick 40% gain in less than 4 minutes. That's how fast these lotto winners can move. |
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