In the past, I have absolutely loved certain names that are completely unknown.
Just in the past year, names like VERU, SMMT, and SI have all hit my radar.
And why do I love these names so much?
They tick all the boxes needed to be able to trade them around the VWAP.
They had volume and they were moving.
And they continued to do this for months until finally, they went back to being unknown.
Did I care what they did as a company?
Of course not.
In fact, I am certain that many were completely worthless.
The only thing that mattered was that the market liked the stock. And since the market liked the stock, I liked the stock.
So, what's my favorite stock to trade right now?
Enovix Corp (ENVX).
What do they do? I don't care. Why do I like the stock? It's moving and has been moving for almost two months now.
Now, when I say "moving" I mean to both the long AND the short side.
It's a relatively cheap stock at $12.60 a share. And it has incredible swings to both the up and the downside.
Just look at what my brother 8ball was saying about it today in the Warlock's World.
Click here or the video below for his analysis...
As 8ball said, with every trade we put on, you have your defined risk ahead of time and let the chart tell you what to do.
ENVX broke VWAP on a bullish run starting at 9:40 am ET today. Chat members of the Warlock's World were buying it then and selling into the move higher. That was a 50-cent move higher. 1000 shares of that is $500 in your pocket.
The moment you just saw was when the stock HELD VWAP. And couldn't break through. You could have bought it there seeing that it didn't want to roll over. And if you sold back into the move higher on 1000 shares that's another $150 in your pocket.
Then, later in the day at 10:36 am, ENVX broke VWAP in one candle and rolled over in another 50-cent move downward. 1000 shares of that short is another $500 move.
All of this happened before noon.
And that's what we do in the Warlock's World.
Bull or bear market...
We don't care what's happening out there.
All we care about is the price, and what the market is telling us.
And if you aren't yet a member yet of the Warlock's World, I want you to join us today.
Trade ideas like ENVX happen every day, and I don't want you to miss out.
Click here now to join the Warlock's World today!
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