So in this video, you were going to be learning about the top three swing stocks for this week in early February 2020. Also, go 49ers. Let's hope that didn't age poorly by the time you watch this video. But for those of you who are unfamiliar with how these top stock videos work I pick opportunities that are most likely to have fluctuation for us to trade off of based on things such as overreactions to negative earnings FDA approvals and phase data releases and then we trade off the price action.

However, if you are the type of person that just wants to randomly buy into stocks and then hope to make money, this probably isn't the right video for you. If you just want to gamble on random picks, you're going to be much better off just going to. Wall Street Bets on Reddit. What you need to do is you need to look at these picks as you would a job posting.

Much like job postings, stock picks aren't guaranteed ways to make money, but putting in the work makes it more likely that you'll both get the job and make money. Unfortunately, a lot of people think that just by buying into a stock, that means that they're doing something productive. No, you're gambling. If you're buying into something without a clear plan, without a clear strategy.

That's gambling. There's nothing wrong with gambling, but it has no place in the trading world. But ladies and gentlemen, the only thing that I ask of you in return for this ravishing video is that you hit that ravishing like button. Okay and quick plug for folks who are beginners or are folks that are struggling to grow their account but have some experience.

We do offer Zip Trader You, which is our premium structured course and group that I work with each and every single day. I Don't like to spend too much video time talking about this, but if you do want to learn whether or not this is the right fit for you or whether or not you'd find value in it, all you have to do is click the link below. They'll take you to Zip Trader EUCOM and you can learn all about it now. A IMT Received their FDA approval for their peanut allergy drug on Friday causing the stock price to run up like our favorite inflamed banshee.

But let's be clear, from the get-go every reaction is an overreaction and a run up like this does not scream bye to me. at least not with this overreaction correction. But you see, we haven't really had a full reaction yet. This is actually the first peanut allergy drug of this mind to be approved.

This has some serious hyping potential. In fact, it's almost like every major media outlet wrote an article about it over the weekend. So what am I getting at here? Well, the run-up after-hours was prior to widespread knowledge of the drugs passing. so that means that this volume here.

this increase in volume. This massive increase in volume. It doesn't represent any of the people that found out over the weekend and now we've had the whole weekend for folks to be more informed. Am I saying that it's going to keep running up? That's not what I'm saying.

I'm saying that we're going to have a massive increase in volume, leading to more opportunities when you get more people informed. Of course you get a increase in trading volume because people are more excited and it becomes sort of this hype sector. But going back to the price action I Absolutely cannot stand buying stocks that are overextended on the RSI and worse yet, have just broken out so massively long term. So while it's fantastic that it's run up as much and it's fantastic for people who caught it for me personally to want to take a position I want it to get beat down that way if we see signs of recovering, we could write the price action upward.

We can ride the upward potential instead of buying in when it's so overextended. Truthfully, I'm not a breakout trader. That's just never how I've done things I Like buying stocks when they're a good deal I Don't like buying things because they're 50 percent up because there's 300 percent up. Whatever.

I Don't It doesn't appeal to me in my mind. Any run-up like this is an inflamed Banshee and banshees. Eventually they run out of Banshee to burn and they just go down like rabid dogs. Every reaction folks is an overreaction, but that doesn't mean that over multiple periods we won't have more upside If we do see some pushing back upwards.

see a lot of people don't understand that just because something corrects downwards doesn't mean that it's never going to go up again, right? The ideal situation is we see something that breaks down to oversold or even worse than that. and then all of a sudden you're in this area where you can buy in at a great discount and then ride subsequent price action because this news is genuinely good for the company. Obviously, this drug is something that's going to make them a ton of money and cause a lot of shareholder interest even if you look back at prior price action. We saw this massive run-up, then a push back before continuing to run up, and then this happened again the day after.

This would be the ideal situation for us with this next overreaction. So I do want this stock to get be down like a duck in a duck fire and look folks I know the of people wine and they wine and they get really upset with me when I say that I want a biopharma company to get beat down? But please folks, get over your emotions I Get a decent amount of angry messages about this I think I've gone least 10 angry messages like this. The funny thing though, is that your morals mean nothing to The stock. Morgan A lot of people think that oh, if they just trade in a morally good way, that they'll just make money because the stock market rewards morals.

But sadly, there are two huge problems with this. The first one is that the stock market It doesn't care about your moral values. you are irrelevant to the stock market. And the second is that there's nothing moral or immoral about buying or selling a stock.

The act of buying and selling a stock. It's neutral. There's nothing moral about it. but Charlie It's greedy to make money off form of stocks because the pharmaceutical industry is so righteous.

Seriously though, do you really think that the people at a Immune Therapy --tx are like oh, I'm really sad that Joey or Barbara from Seattle what's my stock to go down? No, you're irrelevant to them. The truth is, and respectfully, if you are morally opposed to trading biotech stocks, don't trade them and you're welcome not to watch my videos. But of course, if you do decide to leave, make sure to hit that ravishing like button before doing so. Anyways, this screams hype and overreaction.

So the question now becomes: is this period of hype over Because if this initial overreaction hasn't finished yet, that means that we're still having this period of hyping. And that means a longer period of time before we have that overhyped correction. But anyways, folks, in summary, when it comes to this position, the reason that I wanted to talk about it is because of the massive amount of potential volume that could be entering this field coming into this week. And as more volume comes in, we have more people speculating - more people putting their coins in, putting their shekels in and giving us opportunities to trade off of, but get in at a good deal.

Okay, and WWE gets beat down Thursday after hours on negative news. However, unlike WWE's wrestling competitions, this beatdown was likely not scripted, but we love beat downs and we love top users. This 22% reduction in share price meant that we got beat down to oversold an overreaction lows. And since every reaction is an overreaction, we had our subsequent correction intraday and straight.

For folks who are day trading, we love this because it essentially allows you to buy in at our first confirmation after oversold and right the price rank from confirmation to validation. Congrats To any of the folks who caught this within Zip Treat or you or any of the other zip trader communities, Great work! This was a typical overreaction play, but you'll also notice that this was also writing from oversold to overbought. Multiple elevating factors, folks. Do you see one elevating factor here? No, there's like four elevating factors here, so make sure that you're stacking elevating factors.

But this is a swing trading video, so of course, I'm not going to go into depth on day trades. so how are we going to play off multiple day reactions with WWE Well, WWE has a previous pattern of taking a while to prove its over reactions. For example, the last Beatdown had an initial correction, but then didn't really start having true price strength until a couple weeks later. So what that means in effect is that we want a situation like this where we go from oversold and increasing and then get our green candlestick and green running up so that we can buy in a conformation and sell out at validation.

If we don't get that, I won't personally be touching this. It's as simple as that. We trade like spoiled brats. I Know yada-yada-yada Trading like a spoiled brat is hard Charlie It's hard.

but folks, a lot of people are very stingy when it comes to spending their money. Be stingy when it comes to earning your money. Okay, next now this is a bit more mainstream than I usually like to do, but Apple has had a great earnings report. It ran up, an anticipation ran up after and then boom Coronavirus news of Apple closing stores comes out and we get oversold now.

obviously Apple has a previous history of going from oversold to overbought. but vemma, this is a hype play. It's cool to see us matched with this coronavirus outbreak, but why would you want it matched with the Corona virus outbreak? Why? Charlie Well, because what this means now is from a technical analysis standpoint. We're in this area where we have a consensus that Apple is doing well.

It ran up in anticipation of earnings and it ran up after. That's a huge sign of bullish sentiment, but we have an emotional beat down based on predictions that Apple's going to have less revenue in the future due to Apple stores closing or being temporarily shut down due to Corona virus. But while they are closing stores, it's still guesswork as to how this will affect or how long the Corona virus issue will last. So all of a sudden you're in the area where we have so much emotion in this market.

This gives us an opportunity to take advantage of non logical moves. Apple is now susceptible to negative hype having to do with the outlook for coronavirus that will make the population freak out and oversell Apple giving us different opportunities. Now, if we see it, continue to sell off, we'll have an even better entry point. But the point is, we want an opportunity to buy in when we are needlessly oversold but also showing signs of price strength.

You want to be able to profit off the emotions of the masses as everyone else is freaking out. It's time for us to take advantage of opportunities, but you can't just buy these thoughts because they've been beaten down. Remember, there's a reason that people are freaking out. It could continue to run down based on the coronavirus.

What if they keep spreading? What if they have to shut down stores for longer periods of time? No one really knows. So the deal is. You need to make sure that you're playing off the emotions and not the actual news itself. What does that mean? And that just means waiting to buy in when we see signs of a recovery and then selling out when we get validated out.

Pretty cookie cutter stuff. If you need to learn about confirmation and validation, look up Zip Traders Swing entry point. Or look look up Zip Trader Swing Exit Point. You can learn more about how we choose our entry and exit points by doing that.

But the point is, you don't just buy dead dogs when they've been beat down, but you wait for signs of a recovery Anyways, folks. I Do hope that this video was valuable for you. If you have any questions whatsoever, feel free to reach out to me in the comment section below or on Zip Trader Circle. On Zip Trader Circle we post nightly watchlist, so if you're having a hard time keeping up to date with any of these opportunities, you can feel free to join us.

on Zip Trader Circle it's a free Facebook group and for folks who are wondering what broker to trade these stocks on I Always like to send new traders over to Weeble. They have an excellent platform and if you sign up using our link below, you will get not one but two free stocks when you sign up and deposit with any amount. Of course we do offer the trade are you? for anybody who is struggling to grow their account and would like to work with me each and every single day in our private tutoring chat? Anyways, folks have a great day and I'll see you in the next video.