I’m a devoted swing trader and penny stocks are my bread and butter.

And I love to enter positions on hot stocks that have the potential to gap up over a short period of time. Most of the time, I’m not aiming for the moon, I’m looking to take out a 5-20% gain and then rinse and repeat.

Consistency is the game here.

I’ve been in this game for over a decade and one thing I can tell you (which you probably know by now) is…

The market doesn’t care about your feelings or what you want.

Here’s a clear example with BJDX… 

This stock is among the top 5 in the list of 70 penny stocks I stalk for swings.

Bluejay Diagnostics, Inc. (BJDX) operates as a diagnostic company. It develops and markets minimally-invasive Point-of-Care diagnostics tests and devices that provide patients and providers with access to affordable and timely healthcare.

After I did my homework with fundamentals and technical indicators (I’ll spare you the details), I made an entry on Friday afternoon (March 18) at $1.19.

I was hoping everything would go well for a 20+% gain over the weekend from my entry.

I liked how the stuff was BJDX was building up nicely here and my target was an exit immediately it hit the $1.50+ zone.

As usual, the market always changes…and sharp traders have to adjust plans to adapt.

That’s why I was in my Live chat room (JasonBond Picks) letting hundreds of folks in on my plan…minutes before I took action on this trade.

Before I bought the stock, I sent out a notification:

On Monday while I was still in position, I sent another notice that I’d hold overnight:

Well, the bad news is I didn’t hit my 20+% target and a $1.50 exit was not possible.

The good news though, is that I was up over 10% on the BJDX swing, and I made an exit on Thursday, March 24 at $1.30.

And the best part for anyone paying attention to me, I sent a pre-alert before my EXIT too.

Before I sold:

This is something I recently started doing because, from my experience, timing is something most people struggle with.

It’s one thing to make a good entry, but if you don’t adjust and exit a trade at the right time…you might just keep holding on as the market flips on you…and you end up playing the hope game with a losing stock (which is a spot no trader likes being in). 

The key takeaway here is timing your exits are as important as your entry. Plus…keeping your emotions in check and adjusting your goals can make all the difference. 

After all, your goal is to be profitable, not “correct”. 

Penny stocks are back!!

And I have a good number of them on my watchlist that I believe are set for some action.  

There’s one I’m about to share with you that I’m watching closely, and we’ll see why in just a minute. 

But first, how do I spot these lucrative opportunities? 

I tend to keep an eye on several indicators of good performance before I take action.

If I look at the right places and gather the right information (and no, I don’t usually need a fancy scanner for this), I can spot a potential move before the rest of the market catches on.

Upcoming Earnings

Earnings season is the period when publicly-traded companies announce their financial results in the market. It usually lasts about four to six weeks every quarter.

There can be a lot of movement in stocks around this time and earnings winners are some of my favorite stock catalysts. 

The key here is focusing on price movement.

If an earnings report shows that a company didn’t make as much money as the market expected, the stock price could drop.

But if the report shows a company lost money that is less than the market anticipated, this catalyst could cause the stock price to spike.

Being aware of details from these reports can give traders an edge over newbies that wait for official news updates.

Liquid Metal Technologies, Inc. (LQMT)

Liquidmetal Technologies, Inc. engages in the design, development, manufacture, and sale of products made from amorphous alloys. Its products are used across different industries — things like aerospace components, defense parts, medical devices, sporting goods, leisure products, automotive components, and industrial machines.

The company scheduled their 2021 year-end earnings conference call for next Tuesday, March 29th, after the close at 4:30 p.m E.T. 

Right now, the stock is trading at around $0.13 and I strongly believe there will be more run-up in anticipation of what the CEO has to say. 

I think by the end of the week, we might see a move up to $0.15 area as the earnings call approaches.

I like to time my trades to near perfection by nailing these three things:

Buy Zone (Timed Entry)

Profit Zone (Timed Exit)

Stop Zone (Timed Protection)

My goal for a swing trade like this is 5-20% gain but I’m keeping my eye for when it hits $0.20 or slightly higher.

In any case, once I hit my 5% to 20% goal, I’ll most likely exit and if possible, enter a new position and repeat.

As usual, the market might change and so will my plans as I need to adapt. 

That’s why I’ll be Live in my chat room and letting folks know minutes before I take action on this trade and what I plan to do if I need to adjust. 

What are your plans for this stock? Let me know in the comments.

Before I make a trade, I run through a few steps. 

Now, I’m not saying I follow these rules 100% of the time, but I try to stick to a routine.

The first two of these steps are;

1. Look Out For Your Trade Setup

This is my reason for trading.

And you should always nail this part. This is all based on your trading plan — which will define what setups need to be present for your strategy.

You should make sure that conditions are favorable before you proceed.

2. Wait For The Trigger

The next thing on the list is identifying a trigger.

It’s the signal that lets me know the right time to take action and enter a position…as well as where your entry point is in advance. What your exact trade trigger is will depend on the trading strategy you are using.

Let’s look at a teachable moment with a recent trade I made:

PIK

Kidpik Corp. designs, manufactures, and retails children’s apparel and footwear. They provide clothing subscription boxes for kids that include outfits that are personalized based on each member’s style preferences. 

On Thursday (March 17), I identified one of my favorite patterns — Fibonacci Retracement.

You see, when a stock is trending very strongly in one direction, traders using the Fibonacci indicator believe that the pullback will be equal to one of the percentages within the Fibonacci retracement levels — either 23.6%, 38.2%, or 61.8%.

As you know, a good time to enter a trade is when the stock is going through a pullback. 

So if you see a stock drop by 38 cents (a Fibonacci ratio) from say $31 to $30.62, that may be a good opportunity to buy, as the stock will likely bounce back up.

Well, I entered the trade with hundreds of people watching me LIVE. 

I shared a ton of valuable lessons that you could start applying asap. I STRONGLY recommend you catch a replay, so keep an eye out, I’ll send an email with a link to watch it.

Here’s the result of that trade:

I’ll spare you the details of my profit, but here’s a screenshot of how it turned out.

The Right Moment To Enter And Exit

I like to wait for the perfect moment to pull the trigger on a good setup.

And if I find one — if I find something that works, I tend to rinse and repeat. 

Here’s my PIK trade the next day (Friday, March 18):

I entered a position again on the next trading day (Today, March 21):

You can check my trading journal to see how that plays out. 

The point I’m trying to make here is to find something that works, then rinse and repeat.

But one of the problems that plague most traders is knowing when to enter and exit, knowing the right moment to take action.

That’s why every day I’m not just teaching members in Jason Bond Picks, I’m alerting them too.

I’m sharing my game plan before I take action, so members of my circle can take action too – that’s how dedicated I am.

Just like the PIK trade that turned out well for me, I let people know what I was going to do:

On Thursday I did the same too:

For traders without a ton of experience, having a mentor — someone more experienced, can (sometimes) make all the difference.

That’s not to say they’ll trade for you…

Your mentor should help you broaden your knowledge so you have the confidence to make your own decisions, spot opportunities (like PIK), and adapt to sudden market changes.