On September 23, SPI Energy (NASDAQ: SPI) announced it was launching a new EV subsidiary. Let the believers turn into hold and hopers. Laugh at them when they say stupid things like, “It’s not a loss until you sell.” That’s BS. There are SO MANY bad characters in this niche. That trade made me a nice $5,360 * profit. Do NOT feel the pressure to take the entire move. Some people said “Tim, why do you sell so soon? You should let it ride.” Learn to Take the Meat of the MoveĮven if you catch just a small piece, like I did on this trade, that’s fine. I took a very small part of the move - trading conservatively. The rumor was that Tesla would mention Novonix as part of battery day. I skimmed the first two pages and read a few paragraphs on page 2. “How did you know? Did you read the entire annual report?” No. Some people asked how I knew NVNXF would go so far. The hype train was departing the station. So you can imagine, when Novonix released its annual report on the same day as ‘battery day’ … the rumors started flying. It was actually up 565% at the end of August. September 22 was Tesla’s ‘Battery Day.’ Tesla (NASDAQ: TSLA) is the hottest large-cap stock in the entire market. īut what you really need to know … is that the hype train was moving full-steam ahead. NVNXF spiked on September 22 when the company released its annual report. The company makes test equipment for lithium-ion battery cells. Novonix is an electric vehicle (EV) play.
Trading Mentor: Hype Train Trading Examples Novonix Ltd (OTCQX: NVNXF) The kinds of run-ups I love to play happen because of hype. Watch this video for a clear understanding of penny stock hype… Exposing Corruption in the Penny Stock Market I suggest you revisit it every time you’re tempted to buy a penny stock based on hype.Īgain, it’s OK to ride the hype but NEVER believe it.
#Hype train how to
Read “ Buying High: How to Get Rich on Pot Stocks ” for the full story. One of the best examples was during the pot stock bubble of 2014. In 20+ years of trading, I’ve seen many people ride the hype train until it derailed. Even if you make money, you’ll learn the wrong lessons. But if you come to this market believing the hype, you’re gonna get crushed. Learning the basics will help prepare you for the crazy market we’ve seen. In a bubble market, it’s easy to get sucked in. Never believe the promoters and learn to trade with rules. Before I understood this, I lost $500,000 on one stock.īack then I was riding the hype, but I fully believed it. I don’t believe in rumors, but I’m willing to ride the hype train. It’s everywhere and will only break your heart. Riding the hype train can be fun - and lucrative. Hyping a stock to drive the price up has only one purpose: to give someone the opportunity to sell at a higher price. When there are more buyers than sellers, the stock price goes up. What’s important is to understand the hype gets newbies to believe in the company. It could be company press releases, promoters, or Twitter pumpers. It’s simple: the hype gets people excited about a company so they’ll buy the stock. First, I want you to consider… The Purpose of the Hype Train So what, specifically, made me take the trade? Keep reading for the answer. If you follow me on Twitter you’ve seen me tweet it before… But first, understand that I was riding the hype train. Last week I made $13,031 trading one stock five times over two days. The Hype Train Is Departing: “All Aboard!”
Just never get so sucked in that you believe the hype. Seriously, if you know a promoter, buy them an edible arrangement. The problem is, they don’t know when to get off.Īnd there’s nothing wrong with the hype. The reality is, they’re boarding the hype train. Too many think they’re buying the next Microsoft. When a penny stock gets pumped or has a perfectly timed press release, newbies LOVE to jump in. But today I want to look at it a little differently.
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