Ryan Hasson, a senior trader at Kershner Trading Group/SMB Capital, just made the biggest trade of his career on an over-the-counter bitcoin stock.
On the podcast with host Aaron Fifield, Hasson broke down his transition from trading everything trying to identify his edge to then focusing on low floats, which are stocks with only a small number of shares available for trading, to then diversifying into other trading strategies, such as swing trading.
Some big-investors believe the speculative bubbles are set to burst. Others believe there is room to run.Jeremy Grantham predicted the past 2 financial meltdowns. Now he says these 3 signals are foreshadowing a crash in another bubble being created by stocks and SPACs. "Sooner or later, interest rates are going, if not to normalize, they're going to increase and that again ... will have the consequence of reducing the value of far out future cash flows and ending this particular set of bubbles," Janeway said.
Examining the volume traded within a basket of stocks in a particular sector? Are all the stocks trading abnormal volumes?Has this stock run before? And if, so where did it get to? What's the current float size and outstanding size?However, Hasson notes traders must keep an eye on these stocks for a few days until there is confirmation this is a theme."I just try and gauge the overall psychology around that particular stock and other stocks in that sector," Hasson said.
"My risk-reward was really good, based on the way I believe this could go and where some of its peers had gone," Hasson said.Hasson then had a plan to add more to his position, if the stock went "for broke" and moved past its previous pivot high.