{"id":2608,"date":"2020-01-14T09:00:04","date_gmt":"2020-01-14T17:00:04","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2608"},"modified":"2020-01-16T15:10:45","modified_gmt":"2020-01-16T23:10:45","slug":"sympathy-plays","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/sympathy-plays\/","title":{"rendered":"Hot Sectors, Trends, and Sympathy Plays"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-130\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p>Kim\u2019s trading education continues! This week co-hosts Tim Bohen and Kim Ann Curtin talk about how to find stocks to trade &#8230; specifically, they look at hot sectors, sympathy plays, and trends.<\/p>\n<p>Most traders have limited time. So figuring out a theme or an angle can be a great way to quickly narrow down the many stock choices out there. Learn to be smarter with your time and mental energy &#8230; Learn to focus on the best trades setups!<\/p>\n<h2>Kim\u2019s Trading Idea<\/h2>\n<p>The concept of minimalism is gaining traction in society &#8230; Marie Kondo, tiny homes, <a href=\"https:\/\/jamesaltucher.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">James Altucher\u2019s books<\/a> are gaining popularity. So are documentaries like \u201cMinimalism: A Documentary About the Important Things.\u201d<\/p>\n<p>Kim came across a company called <a href=\"https:\/\/www.joymode.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Joymode<\/a> recently. The company rents all sorts of objects or equipment. It\u2019s for people who are trying to simplify and rent versus own. It made Kim wonder &#8230; <em>could I trade this company?<\/em><\/p>\n<p>This company hasn\u2019t gone public &#8230; yet. But can Kim find opportunities by looking for similar companies in the sector?<\/p>\n<h2>How Sympathy Plays Work<\/h2>\n<p>Once one company in the sector gets hot, other companies often follow. We saw it with pot stocks and electric cars.<\/p>\n<p>In the episode, Tim breaks down how sympathy plays work. Tune in to learn how to identify these hot sectors and start looking for potential tickers.<\/p>\n<p>From there, he explains how to use tools on a screener like <a href=\"https:\/\/stockstotrade.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">StocksToTrade<\/a> to find stocks to watch. You can create a themed watchlist to monitor the progress to see if it fits into your trading theory.<\/p>\n<h2>Short-Term Trading and Trends<\/h2>\n<p>Day traders don\u2019t have a long-term, Warren Buffet\u2013type mentality. You\u2019re not hoping to make money 40 years from now &#8230; You\u2019re trying to earn profits based on very short-term trends.<\/p>\n<p>That&#8217;s why it&#8217;s key to maintain a watchlist and track hot sectors. It&#8217;s one of the best ways to ensure that you\u2019re ready to pounce when the right opportunities come along.<\/p>\n<p>Tim talks through how sympathy plays play out in terms of price action. You\u2019ll learn how news can create a buzz around the stock &#8230; and how the ripple effect can spread in unexpected directions.<\/p>\n<h2>How Trends Evolve<\/h2>\n<p>As trends unfold, interesting things can happen in the stock market.<\/p>\n<p>Tim and Kim look at how recent trends have evolved and played out in the market. For instance, how has a phenomenon like Uber affected the stock market?<\/p>\n<p>Also, what lessons can you learn from companies like WeWork that don\u2019t succeed at going public?<\/p>\n<h2>Trading Trends: Important Considerations<\/h2>\n<p>Interested in trading the trend? There are some important things you should consider first. For example\u2026<\/p>\n<ul>\n<li>Trading the ticker versus the company. Tim talks about the difference between believing in a company and trading based on the price action.<\/li>\n<li>How smart traders capitalize on a trend.<\/li>\n<li>How much time should you spend trying to forecast tomorrow\u2019s trends? And how much time should you spend looking at what\u2019s already trending?<\/li>\n<\/ul>\n<h2>Join in on the Fun!<\/h2>\n<p>Join the challenge! Tim has homework for Kim based on her general trade idea. Wanna join?<\/p>\n<p>Listen to learn what Tim suggests as Kim\u2019s next steps toward working with the trend she identified. And how she can find potential sympathy plays.<\/p>\n<p>Can you play along and find opportunities in the niche that Kim discovered? Help us create a strong watchlist!<\/p>\n<h2>Tell Us What You Think!<\/h2>\n<p>What do YOU think about trading based on trends and sympathy plays? We love hearing your thoughts!<\/p>\n<p>Remember: if you submit a question or comment and it\u2019s chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions via the <a href=\"https:\/\/www.steadytrade.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">SteadyTrade<\/a> website or <a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\" target=\"_blank\" rel=\"noopener noreferrer\">YouTube.<\/a><\/p>\n<p>Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/p>\n<p><strong>Love this episode? Leave us a comment and a rating and review on <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\">iTunes<\/a>!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kim\u2019s trading education continues! This week co-hosts Tim Bohen and Kim Ann Curtin talk about how to find stocks to trade &#8230; specifically, they look at hot sectors, sympathy plays, and trends. Most traders have limited time. So figuring out a theme or an angle can be a great way to quickly narrow down the [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hot Sectors, Trends, and Sympathy Plays - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"This week co-hosts Tim Bohen and Kim Ann Curtin talk about how to find stocks to trade. 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