Top Trades Update - Late January
Excellent results continue for our professional stock pickers in the second half of January. We’re excited to feature two new experts in this edition of Top Trades – Mike Levin and Rajendra Parmar! While we are featuring specific stock picks in these updates, these are not just one-off winners. Stay tuned for another update in the coming days – we will feature our top overall performers across ALL of their 2020 picks. You will be impressed by their results! Follow Tom Waller, Bob Knight, Mike Levin and Rajendra Parmar and others on the Trade Exchange App. Receive the specifics of their stock picks in real time – what to buy, at what price, how much, when to sell and at what price – all on your mobile phone.
ACTCW: +147% in 2 weeks – TC Investments
A big winner in a SPAC warrant. “I did a partial research report on my Twitter, please check the pinned tweet for more information (@TC_Investments). Some things not included there: This is a NEW stock – listed November 23rd. I love buying and holding SPAC’s near $10. I am targeting the warrants for this and see a lot of upside and little downside. It should be super easy for them to find a company because their focus is clean energy. One of the board members is the co-founder of Clean Energy for Biden. Holding for a few weeks for them to find a target. I prefer to buy the warrants for the potential percentage returns they can generate.”
TLRY: +123% in 6 weeks – Turbo Trading
One of our top stock pickers uncovers another big winner in an entirely different sector! Bob Knight, Turbo Trading: “With the new administration now confirmed, the Feds are now more likely to legalize pot. As such, there is keen speculation that the sector will show strong growth over the next 2 years. TLRY is one of the main players and is lagging. Look for it to catch up with the rest of the sector, especially compared to CGC.”
CYCN: +45% in 2 months – We Trade Setups
Finding a great trading pattern with a high potential, early-stage company. Mike Levin, We Trade Setups: “Cyclerion Therapeutics is a clinical-stage biopharm company that engages in the development and commercialization of various treatments for serious and orphan diseases. Its product candidates include Olinciguat, an orally administered drug that is in Phase II studies for the treatment of sickle cell disease. I like CYCN not only for this drug, but because its trading pattern fits my specialty – catching breakouts from technical patterns resulting in outsized short-term gains.”
X (US Steel): +36% in 3 weeks – RajCAP
We love featuring Top Trades with “old school” names. Rajendra Parmar, RajCAP: “The trading idea was based on Elliott Wave trading technique, according to which it is within the impulse cycle and traded for 5th wave up of the sequence. The trade entry was supported by momentum indicators, volume and market outperformance and having good risk/reward set up. The risk/reward ratio was 3.4, which is considered to be good for short-term swing setups. The metal sector was performing well against the SPX. That’s the reason X was a great pick within that trading window.”
DISCLAIMER: While these ideas (dates, times and purchase/sale prices for entry and exits) have been documented within Trade Exchange’s system, these are examples of past performance and not an indicator or promise of future performance. Individuals who follow experts featured on the Trade Exchange assume all risks and take full responsibility for unveiling and following ideas, whether they execute trades in their linked brokerage account through the Trade Exchange app or in their brokerage accounts that are not linked via the Trade Exchange app. Trade Exchange strongly encourages everyone to review all the trades posted by a partner, as many lose money. All results – including entry and exit prices – are available for review.