Charlie introduces his top 3 stocks right now for day and swing trading in Late April 2020. He also gives a brief update on the market and explains how to utilize it using the best trading strategies available.
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⚠️Tickers Mentioned: SPXS/SPXU, ZM, GILD, (+MRNA)
📌We recommend two trading platforms, ThinkorSwim & Webull. Both are free platforms with commission free trading.
📌New to the stock market and #trading? We break everything down in a short sweet and simplified way. If you have any questions, go ahead and comment below and we'll answer them!
📌ZipTrader also places an emphasis on day-trading PennyStocks, Biotech Stocks, and Pharmaceutical Stocks.
DISCLAIMER: All of ZipTrader, our trades, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing and maintaining ZipTrader communities.
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In this video, we are going to be talking about the top three stocks for this week in late April 2020. No Charlie, No, not again. No one knows the future of the market. Charlie, you need to stop acting like you do well.
Actually, while we can't possibly know the future of the market, we can definitely know what the opportunities are and then trade said opportunities. But as always, don't take my words for it. Take last week's picks. for example, we called out X S PA because it has a history of spike ability aka reacting massively to news.
We called it out on Sunday when it was trading here and the very next day it doubled. However, if you decided you were too cool to buy a net confirmation and sell out in validation, you would have likely lost most of the move and it ended up finishing a week over 20% above where we announced it. But if you simply used trading tools to trade, this reaction hey, you could have caught a near 100% move. Now, we can't catch all the move as traders and we don't try to catch all the move.
but the goal is to have a concrete entry point. Any concrete exit point, confirmation and validation. Okay, next we talked about Lab You and Lab did. These are ETFs that allow you to play the upward and downward movement in American Biotech, which understandably is quite volatile right now folks.
But Lab You ran up upon market, opened Monday about 12% and again confirmation and validation and then it ran up again towards market. Closed Friday Lab you played a lot of good opportunities for the rest of the week. It was a little bit uncertain in terms of price direction, but the key is finding the opportunities in trading set opportunities. Now next we have a BT Now a BT is the five-minute beer bug test company last week.
I Talked about how a BT had a strong upper direction that tends to go against the market I Talked about how I prefer to get pushed back so that we can get a better deal, but that this would be a solid play for intraday price strength regardless of what had happened. But regardless of my cheap preferences, we didn't get a push back. Instead, we got a 7% run-up on Monday and then the push back afterwards, confirmation and Val Datian folks. But while these pics on these videos provided great opportunities, there are some that are inevitably not going to provide opportunities.
That means that in order to profit off them, you're going to have to figure out how to profit off the upside while also protecting your downside. Because if you keep taking advantage of strong movers upward, eventually one's going to derail you and wipe out your gains from the ones that did well. And the way that we protect ourselves is by trading like a spoiled brat. That means only getting in when the price action convinces you that it's a good set up.
We as spoiled brats love elevating factors and We only buy in if they're elevating enough. But anyways, the point of these intros is just to tell you how important it is to have a plan. Every single stock that we talk about is a battlefield. But if you don't actually go out and have a plan to be able to distinguish the battlefields that are worth fighting on versus the ones that aren't, well, you're going to waste a lot of time. But speaking of not wasting time, the one way to ensure that you're not wasting time is to always hit that ravishing like button. Don't waste any time living without ravishing this okay and quick plug for those of you who are looking to use this lock to at home time to do something useful besides Netflix and whatever the hell you guys are doing, if you'd rather use this time to grow your skillset and grow your account, we do offer Zip Trader You which is going to be $50 off when you type in Stay Home 2020 at checkout. but make sure to look over all that it is that we offer on Zip Trader Ucomm so that you can ensure that we're a good fit. Okay so to start Espy XS Now this is our tool for betting against the market when the market sells off.
Lovey! SP XS runs up. This is the pessimists playground folks and it is crucial that every one of you is armed with SP X s in your toolbox so that you can trade it on the inevitable days when the market goes down. Yes, the market can still go down, folks, because as a reminder, the S&P 500 year-to-date is literally only twelve percent down. That's 12 percent down, even though we are in one of the biggest economic catastrophes to ever hit the modern world with record unemployment and most of the economy shut down.
And better yet, if you adjust for just this month, we are 11 percent up the month cuz this was a month of insane economic growth, right folks. And sure. Okay, maybe some of the states are starting to open up slowly, but 11% down? I Don't think so folks. I Don't think so.
Well, the market can stay irrational longer than you can stay solvent. It's ridiculous not to be prepared, at least prepared for more sell-offs. The Fed and the bolt can't keep the market at bay forever, so you need to be prepared for days when we do indeed have sell-offs. Hey, maybe we'll have both upswings and downswings, but the key is making sure that you are also prepared for the down swings.
For example, last week, the market sold off rapidly on Monday and non woke traders the traders who think you can only make money when the market goes up. Well, they were left without any opportunities. They missed out because they didn't realize that as Px S is the way to trade, the market when it's going down because you can just inverse the market. It's like short in the market Fantastico But practically speaking, you need to focus on having a clear plan.
with this right confirmation and validation. buying any when you have elevating factors: Are we trading your oversold? Do we have a previous pattern of going from oversold to overbought? Where is volume going? Are we in upward sentiment, volume territory, so on, and so forth. But understand that we don't want to be Direction dependent If you're one of those people that over the last couple weeks you're like oh well I feel like the market needs to go down or oh, I feel like the market needs to go up well. You probably didn't do very well because it's not about predicting where the markets going. It's about plain the reactions of the market themselves. and that's why I'm presenting SPX s. A lot of people think the market is going to go down. Some people think the market is going to go up, but at the end of the day, the key is to trade off both sides of the market as traders.
It's really not our job to guess the movement of the market, so be prepared to play both feed down movements with SPX S, but also the up movements with Spxl. Okay, let's zoom over to Zoom Ha. Get it. Zoom over to Zoom Ha! So Zoom has obviously been a huge beneficiary of this beer bug crisis, doubling from $90 to one hundred and eighty dollars in the span of a few virus infested months.
We love trading stocks that are in an upward direction, especially when it gets beat down and allows us opportunities to exploit it. And for those of you who haven't heard of Zoom, they are the company that makes that pretty application that spies on you I mean not spies on you, lets you videoconference with your co-workers but they are widely subject to what we call news reactions. This is great because every reaction is an overreaction and we can then play off said reaction. And that is why we originally covered Zoom when it had gotten beat down on News of Security Flaws Because every reaction is an overreaction and as new settles, it proves profitable to buy future run ups.
Now with Zoom, the two big issues that tend to create huge catalysts for the stock is, well, their security and competition. These beat downs hither were on news of security breaches. This beatdown hither was on News of Competition and this beatdown on Friday was on news that a California official through his cat during a zoo meeting. accusations are flying that Zoom is really just a animal abuse hotline and thus the stock price got beat down.
You could say that it left Zoom meowing for air. Okay, the last drop was also because Facebook and other big social media companies are moving to offer similar services. and it's not like Zoom has some proprietary knowledge. Not like video conferencing is this trademarked idea? Buy Zooms! So as bigger companies go into the market, we have more competition, which creates more downward pressure on Zoom.
But who really cares? Every reaction is an overreaction. so let's learn how to trade this. Remember previous news reaction settled with Zoom. So we're gonna have opportunities for previous news to settle with Zoom in the future.
Remember, the question isn't will Zoom go up again, but rather, how far will Zoom go down and how do we play off its overreaction correction and remember it does have a while that it can drop. In fact, even the overly giddy analysts are giving it price targets that are like 25% lower than the current trading price. So we want a good deal. We want this to cut back. Sure if we continue having price strength, Sure if it decides to start correcting that market open. Monday Well, you can make an argument to play that, but I'd rather have more selling off and then an upward reversals that we can take advantage of more upside. And lastly, when you're waiting for something to sell off, you never buy in just because it's going down. That's stupid.
You wait for it to go down and then show signs of a recovery. Also, side note: somebody messaged me the other day they're like Charlie I Hate I Hate all of your pics. Sure they all go up, but every single one of them requires work for you to make money in them. I get this at least once or twice a day and I always like to play a very small violin for these people.
Oh no, you have to put work in to make money. It's not just buying in randomly. Oh oh what a cruel. What a cruel world Look folks.
Respectfully, stop being pansies if you want to be a pansy. Maybe you should pick up like pottery or something. The stock market isn't for you. Remember, if you accept that the stock market is a battlefield, how can you expect to win a battle without well, battling? You can't folks, you can't.
Okay next. Gilead Now I debated putting this one on here for quite a while, but Gilead had ran up massively a week ago or so on news that their drug had strong positive results for treating me never ending beer bug and since every reaction is an overreaction, it sold off. But on Thursday it broadened its nosedive as reports leaked that claim that their drug was shown to be useless in trials. But here's the thing.
this is how Gilead reacted to the worst possible news that this drug that caused this prior run-up wasn't actually viable for treating What they said, it was viable for treating. and this was the reaction before they even could do any damage control. But as damage control started and they said that the leak was misleading, the stock started taking back some ground. So at the end of the day, who knows if Chiliads drug or Gilead drug is effective or legitimate For traitors, it doesn't really matter because at the end of the day, what matters is that Gilead has the power to convince investors that it's worth putting money into so that it creates fluctuations for us to trade off of.
And at the end of the day, if we could see that this worst-case scenario isn't even really that bad, then we have a lot less downside potential because at the end of the day, Gilead has been dropping news and having over reactions throughout this entire crisis that happened here. It happened here, it happened hither, and it happened hither. Understand that previous patterns tend to repeat themselves, so whether or not this drug ultimately works, we can trade off the fluctuations. Hopefully it gets beat down more so that we can then train off an upward reversal. But either way, great opportunities. and by the way, I always like to roast. The analyst Analysts just keep saying that the news should keep the stocks in a flat range. Like you have great news and it goes up and then it just stays flat.
Or you have bad news and it's so bad and it just goes down and then it stays flat. No, every reaction is an overreaction and that's why you see moves like this where it goes up and down, up and down, up and down. This looks dizzying to people who are investing, but great for people who are trading because we could trade off these beautiful and mouth-watering fluctuations. By the way, if you are having a hard time keeping up to date with all of these plays, well that's because you're not in our free Facebook group which is Zip Trader Circle.
We post nightly watchlist there every single night. so be there or be square. Ha! get it cuz Square and Zip Trader Circle! Ha Okay Lastly, a quick bonus: mRNA Now this was the first company with a potential vaccine to test in humans within the United States And being the first horse to leave the gate doesn't necessarily mean you're going to win the race, but it sure does mean that you're going to get some fun headlines that cause reactions in the market and that's what we've seen. Mrna has some solid spike ability reacting to news here here here here and Heather but this is what we as creators like to see because that means we can keep catching up, word moves, and then have the stock price go back down to provide more upside first, well, future moves.
But mRNA is also up a ton this year and is one of the most hyped of the beer bug stocks in the market. That means that you need to trade this when you have elevating factors. and preferably you trade this with a catalyst. A big news event comes out and then you trade off the price strength of that news event.
This isn't a stock to buy randomly and then hope it goes up. That's a terrible plan Anyways, folks. I Do hope that this video is helpful. If you have any questions whatsoever, feel free to reach out to me in the comment section below or join us on Zip Trader Circle.
If you're looking to use this time to invest in yourself in growing your account. we do offer Zip Trader you which will be $50 off if you use coupon code. stay home 2020 at checkout and that link will be in the description below. And if you're wondering what broker to trade these stocks on, we always send new traders over to Weibo They offer you not one but two free stocks when you sign up and deposit with our link in the description below. They are a commission free broker and very powerful for new traders. Anyways, folks, have a great day! I'll see you and then next video.
CODX Makes COV test kits- they are 100% accurate. Earning were up last quarter before Wuhan. MRNA — Will make vaccine for EU in July-is Swiss Company. EBS makes vaccines for other companies that do the R&D. Has a contract with NVAX.
Great analysis. Very unbiased and entertaining 🙂
Charlie. Lol.
The lock-down season is a good time to invest in passive income as no one knows when the lock-down ends.
I've seen many of your videos and in about 90% of the ones I've seen I've had a moment where I think "hmmm, he looks like Mark Cuban but not old or he could pass for Mark's son." LOL.
i dont know wtf your talking about im trying to learn how all of this works😭
Should we be buying in on Zoom with the news of fraudulent member numbers?
I wish there were a laugh button! Thanks for sharing information and making it entertaining, Charlie.
Goin on over 2 years watching these videos! I Appreciate eveything you do to teach Charlie! I for one am very thankful for the knowledge. And actually a profitable trader! Guy is the real deal! DONT BE A PANSIE 😂😂😂 DO THE WORK, THANK YOURSELF LATER.
Thanksssss
Shopify went from meh to damn.
You look like Mel Kiper Jr’s son
Yea pansies, go do pottery or something!
Sir Charlie, you mentioned the the 3 ticker symbols XSPA, LABU and ABT and showed the spikes etc. I noticed that they started to spike up in the 'RSI area' 60% to 65%. As a new guy in the field I remember that you taught to by low around 30% or RSI or a little bit higher but did not encourage buying at 65%. Could you please explain or point me to one of your videos that explains it. Thank you Sir.
i remember when you were getting 15k per video, please never turn into the Financial Education, that guy is a beta
This guy gay
That man who keeps on saying stock trading is dead when ever I click on a stock related video is getting just a little annoying.
You explain everything so perfectly fast to the point what you need to know examples right after you explain and you explain in depth very crucial points to beginner and advanced trading I love it so happy I found ur channel !
What program r u using
seriously, i am thrilled with this video!
As a beginner, I took my father’s advice to get in touch with a financial advisor. Although I don’t make such amount, my portfolio survives downturns and thrives during upward cycles. I started investing in the fin.mkt mid oct.2019 with $40,000 and since then, I’ve amassed about $207,600 in net profit. The secret is Action – consequences of inaction is continuation of the status quo.