We Traded This Stock From $6 to $23!!️😲

Good afternoon !

Today in the stock market, we witnessed the importance of STOCK SELECTION to succeed in trading.

I know, I know, cliche… isn’t it?

Trading is about consistency. Part of the consistency is having a repeatable process…

But, what that really means is…

You must stay consistent in the market in order to catch the RARE opportunities to multiply your accounts!

These are the plays that only happen once every few months. 

If you already have a strategy that you rinse and repeat every other day in the market, you are of course ready for these big trades when the market presents them to you.

Let’s see what happened with this group of traders who found and traded $GLMD, a massive +450% gainer.

During premarket, we have a group of traders in our community who ONLY focus on finding small-cap stocks in play to go long (i.e. buy low, sell high).

They are proudly known as the “FHOD Traders”, which means Former-High-Of-Day Breakout. This is the name of their strategy and they would only focus on this one trading style until they become the master of their niche.

Right at the market open (9:30 AM EST or 6:30 AM if you live in the Pacific timezone), they started to watch the price action of this stock, $GLMD (Galmed Pharmaceu).

How did they have their eyes on this stock, before its price took off to the moon? At 6:32 AM, $GLMD was only trading at $6.

The answer is nothing secretive, but a STOCK SELECTION process. They use a Premarket Small-Cap Gappers scanner every morning to assist their trade planning process.

The Stox.io scanner already has a built-in scanner with the stock criteria that match their strategy.

How did $GLMB fit their stock selection criteria?

✅ The stock has a positive news catalyst

✅ High premarket trading volume, with a 200+ RVOL (Relative Volume)

✅ 624K micro float

✅ Low short interest %

✅ Low insiders ownership %

So the next step for them is to go on to their charts and identify the key daily levels, especially the high-of-days.

Let’s see how they planned their entries and exits.

Here are some of the live commentaries from the Head Coach of the FHOD strategy, Orane @ The Oracle.

We are very proud to share the results of these traders who have been focusing on this strategy and repeating the same process every day. Today was the day when they came into the market, focused on identifying their setups, and executed their plans.

This is how you build an edge as a trader, knowing how to find the right stocks for you, and knowing how to execute a trading strategy.

Our member, @AsraB’s execution chart:

@Raj’s chart:

If you want to learn how to treat trading like a real business, develop a process that is tested and repeatable. You can learn more about our day trading community and mentorship on our website.