I’m sharing my TOP overnight trade ideas for this week — LIVE at 2:30 PM ET
Pump-and-dump schemes have become a recurring theme in the quantum computing stocks arena. It’s no secret that the hype around quantum computing has created fertile ground for manipulative tactics.
Price action can be erratic — at times, a stock like Rigetti Computing (RGTI) gets heavily promoted only to be dumped later when the momentum fades.
Understanding the Pump-and-Dump
Quantum Day — which is today, March 20 — is notorious for attracting pump-and-dump activity. You’ll see aggressive ads and loud claims, all designed to inflate prices.
Once the pump has run its course, the stocks often come crashing down. I’ve seen this play out repeatedly…
The volatility can catch even seasoned traders off guard. Fundamental analysis still matters — just because a ticker like D-Wave Quantum (QBTS) is trending or getting attention doesn’t make it a sound investment.
Rely on your own research and verify the underlying value of any quantum stock before throwing your money into a long-term investment just like you would any other stock.
Stay Grounded in a Hype-Filled Market
When navigating these schemes, preparation and caution are key. Start every day by reviewing news feeds and scrutinizing market sentiment. Look beyond the buzz — ask yourself whether the move makes sense based on fundamentals and technical trends.
For example, while some sectors like Technology (XLK) or Financials (XLF) are experiencing steady, genuine moves, the quantum computing narrative can arbitrarily inflate prices.
Don’t get suckered in by rapid price spikes, FOMO or heavy promotion on social media.
Stick to your trading plan and risk management principles. I’ve found the best approach is to set clear entry and exit points and not get swept up in media hype.
When you see extreme volume and erratic moves in a quantum stock, it may signal that a pump is in full swing. Be ready to exit — even if it means taking a small loss — to protect your capital from a dramatic reversal.
Take a look at this chart and you’ll see what I mean…
The stock popped hard on the open today, luring traders in over the first 15 minutes — before it sold off almost just as fast, falling from $11.10 a share to $9.57 within 25 minutes, wiping out many of the bulls who jumped in.
In the end, disciplined premarket preparation and a level-headed strategy are your best defenses against pump-and-dump schemes.
By staying informed and keeping your emotions in check, you can navigate the hype of the quantum stocks arena and make decisions that align with your long-term goals.
Remember, in trading, as in life, proper research and risk control are the keys to success.
Now that we’ve done some educational stuff… let’s do some trading!
I’ll be in the Zoom room at 2:30 p.m. ET — see you then!
Order Flow:
*This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.
There is inherent risk in trading. Trade at your own risk.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. I’m Trading the Close — LIVE
See my insider methods on how to trade these tickers…
