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Every Sunday thru Thursday Night each Active Trader will be given a list of 5 VERY AGGRESSIVE HOT PICKS that will follow the short term market trend in accordance with our PHOENIX Trader Recommendation Matrix for swing traders.
We believe that this special service will provide the very Active Trader with the best potential for very high returns in a short time period. In general, we expect most of the breakouts or big moves within one week but some can take longer so be patient. These stocks can have very large daily swings so they should only be traded by the advanced and experienced traders.
We do not provide guidelines on stops and targets on these WATCHLISTS because only advanced and experienced traders should be using them and they should be able to do this on their own.
The Beginner and Intemediate Traders should consult the Daily Market Commentary for our TWO DAILY SWING TRADE PICKS. They will normally be less volatile stocks and will always have the technical reason and the targets and stops provided.
The scans we are using are designed to find only the strongest BREAKOUT LONG or BREAKDOWN SHORT pattern setups.
The trader is never without very strong picks no matter what the market is doing.
We are providing the very Active Trader plenty of time to do their own research on the stock lists by posting them early in the evening. By sending out so many promising stock picks, we are giving the Active Trader plenty of options to pick the ones they like the best for the next day.
We will provide our best guess on the risk level of each pick to be able to better match the Active Trader's style.
Each stock is selected using our new Phoenix Trading System with the goal of providing only the very best MOMENTUM plays that have the highest chance of fast and strong runs (UP OR DOWN).
The following is a overview list of the basic criteria we use to select our stocks:
- Stock needs to be in a strong short term uptrend, Phoenix Setup consolidation pattern, or a new breakout for longs and just the opposite for shorts.
- Generally, the intermediate and longer term trends will also be going in the direction of the trade.
- The current stock price needs to be greater than $3.50 and the average daily volume greater than 50,000 shares (most stocks will be > $10 with volumes > 150,000 shares)
- The stock price will most often be above the 50 DMA for longs and below the 50 DMA for shorts.
- The stock will fit one of the Phoenix MOMENTUM trends and momentum pattern setups for achieving the fastest results.
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