Trading your first stock can be an intimidating task. Tim Bohen is here with the top five criteria you should be breaking down before you enter any stock trade.
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✅ Recommended video: https://youtu.be/6ppJ3W2mmis
✅ Recommended playlists:
Stock Trading 101: A Day Trader's Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES
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The number one thing you should be doing with every potential stock trade, is read and interpret the news. Look for earning announcements, contract wins, new product announcements, substantial news that can get traders excited, and ignore those stocks without news.
Tip number two is to look for momentum stocks breaking those chart levels. Intraday breakouts have spiked early in the day, held its gains, and then broke to new highs during the day. Sometimes you’ll see 30 day breakouts, 90 day breakouts, or Tim’s favorite is a one year breakout (called a 52 week high).
The third tip really helps narrow down the stocks with both news and intraday breakouts. Focus on the sectors that you believe in, or have seen past momentum. Look for those hot sectors that most traders might have their eyes on.
The fourth thing that Tim wants to caution you on, is to avoid taking picks. Picks could be an email newsletter, somebody on TV, a chatroom, or on Twitter. You might win here and there, but it's not a sustainable method that you can replicate over time. You need to work on your own process.
The fifth and last tip is to focus on the chart. Annotate those charts, review trades that have worked in the past or that you've saved in the past. You need to look for those patterns, and the best way to recognize them is to review and look at them over and over and over again.
#StocksToTrade #TraderTips #TimBohen
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/ToEKbsk_iuA
✅ Links we mention and recommend:
Try StocksToTrade for 14 Days for $7: https://stockstotrade.com/7daytrial/
Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist
Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/6ppJ3W2mmis
✅ Recommended playlists:
Stock Trading 101: A Day Trader's Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
The number one thing you should be doing with every potential stock trade, is read and interpret the news. Look for earning announcements, contract wins, new product announcements, substantial news that can get traders excited, and ignore those stocks without news.
Tip number two is to look for momentum stocks breaking those chart levels. Intraday breakouts have spiked early in the day, held its gains, and then broke to new highs during the day. Sometimes you’ll see 30 day breakouts, 90 day breakouts, or Tim’s favorite is a one year breakout (called a 52 week high).
The third tip really helps narrow down the stocks with both news and intraday breakouts. Focus on the sectors that you believe in, or have seen past momentum. Look for those hot sectors that most traders might have their eyes on.
The fourth thing that Tim wants to caution you on, is to avoid taking picks. Picks could be an email newsletter, somebody on TV, a chatroom, or on Twitter. You might win here and there, but it's not a sustainable method that you can replicate over time. You need to work on your own process.
The fifth and last tip is to focus on the chart. Annotate those charts, review trades that have worked in the past or that you've saved in the past. You need to look for those patterns, and the best way to recognize them is to review and look at them over and over and over again.
#StocksToTrade #TraderTips #TimBohen
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
Yes freedom and not worring about retirement
Where is the best place to get your breakout news?
yes, freedom!
Debt brought me to trading
Freedom
Yes Tim i love the Freedom.
Thanks Tim
Thank you
Yes freedom!
love these quick lessons… so well explained…thanks Tim!!!
Thanks Tim … 🙂
What about stocks with bad news like lawsuits, class action, which spiked a lot previous day on that news but are in a clear long-term downtrend. Short?
Yes freedom, independence and brain development plus character development
What brings me to trading is the fact that #1 – it's possible and can become a reality.
#2 – my biggest reason for this is to be able to spend time watching my newborn grow without me being away for work.
#3 – this is something my son and I may bond over in the future and he may enjoy this form of income.
#4 – no one I know trades and I want to prove to them and myself that this is worth it.
And #5 – trading works around my college classes.
#6- there are so many reasons to trade.. I cant think of a reason not to try.. as long as Stocks To Trade is involved and Timithy Sykes Millionaire Challenge.. otherwise, I might've stayed a chicken. Haha =)
Definitely the freedom. Trying to work towards eventually doing this full time.
Yes 100%
Thanks I always learning from ya,,
Freedom is what is drawing me to it, but I don't have any money yet. I'm tired of working for someone else.
Thank you
You have to learn how fish!
Freedom is what drew Tim Bohen to trading, what made trading so attractive to you?
Definitely the freedom. Trying to work towards eventually doing this full time. I have a really good job, but I'm tired of missing the kids games and school functions because the schedule is shitty.