Tim Bohen LOVES to buy breakouts — it’s one of his setups. But you can't buy just any stock that's at a high. So how do you know when it’s a real breakout? Find out how you can refine your criteria and avoid false breakouts.
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If you want to find solid breakout patterns, you need to hone in on your criteria. Look for high-volume breakouts … But if it’s just breaking out an average, there probably aren’t enough buyers to continue the move.
Look at the 60-day average volume. If the stock isn’t trading double or 5–10 times the 60-day average volume — avoid it.
Here’s where scans and charts can really come in handy. Focus on clean charts. But also remember to check for catalysts. If there’s no news behind the breakout, how solid is it? Without news, the chance that new buyers will continue to step in is pretty slim.
You want something meaty, something that will excite traders. So focus on substantial news — earnings, big-name contract wins, new products, and hot sectors.
Also, you generally wanna try to avoid stocks that aren't in a hot sector. Here’s one of the great things about the stock market: it’s rarely boring. Every day, there's something new. And there’s almost always a hot sector … All kinds of things can move stocks: medical breakthroughs, cancer, bitcoin, weed, biotech, Ebola, and so much more.
This next tip really applies to afternoon breakouts, but try to avoid buying a stock if it's under VWAP. A lot of these stocks will tempt you with those first three components — volume, sector, and news. But if it's under VWAP late in the day, often that stock can have a weak open the next day. That’s when it might bounce, so you might be able to buy it at a better price later.
Last — and this is simple — look at multi-year breakouts. Look at one-year, five-year, and 10-year charts. Don’t be fooled by the five-day, 30-day, or 90-day chart … It might look like a breakout, but you need to zoom out. Look for resistance points, areas of long-term consolidation.
Remember, the more things you can line up in your favor, the stronger the case for your trade. Get into your sniper mindset. Focus on only the best setups.
#StocksToTrade #StockMarket #Breakouts
*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/12DP39zwSPU
✅ Links we mention and recommend:
Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/
Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist
Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/N7WDqniunY0
✅ 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:
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Twitter: https://twitter.com/StocksToTrade
If you want to find solid breakout patterns, you need to hone in on your criteria. Look for high-volume breakouts … But if it’s just breaking out an average, there probably aren’t enough buyers to continue the move.
Look at the 60-day average volume. If the stock isn’t trading double or 5–10 times the 60-day average volume — avoid it.
Here’s where scans and charts can really come in handy. Focus on clean charts. But also remember to check for catalysts. If there’s no news behind the breakout, how solid is it? Without news, the chance that new buyers will continue to step in is pretty slim.
You want something meaty, something that will excite traders. So focus on substantial news — earnings, big-name contract wins, new products, and hot sectors.
Also, you generally wanna try to avoid stocks that aren't in a hot sector. Here’s one of the great things about the stock market: it’s rarely boring. Every day, there's something new. And there’s almost always a hot sector … All kinds of things can move stocks: medical breakthroughs, cancer, bitcoin, weed, biotech, Ebola, and so much more.
This next tip really applies to afternoon breakouts, but try to avoid buying a stock if it's under VWAP. A lot of these stocks will tempt you with those first three components — volume, sector, and news. But if it's under VWAP late in the day, often that stock can have a weak open the next day. That’s when it might bounce, so you might be able to buy it at a better price later.
Last — and this is simple — look at multi-year breakouts. Look at one-year, five-year, and 10-year charts. Don’t be fooled by the five-day, 30-day, or 90-day chart … It might look like a breakout, but you need to zoom out. Look for resistance points, areas of long-term consolidation.
Remember, the more things you can line up in your favor, the stronger the case for your trade. Get into your sniper mindset. Focus on only the best setups.
#StocksToTrade #StockMarket #Breakouts
*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.
Is a breakout the same as a first green day
Almost at 100k subs
Good stuff Tim and I like that your right to the point.
Great Video. Covered many mistakes I've made.
Breakout strategy was what led me to what I thought was success. I grew my account over 300% in 5 months and then after that suddenly the strategy stopped working. 2 months later I was at zero. I don't think I implemented the tips you shared in this video. Maybe I shall try again.
I like the Breakouts for sure!! Thanks Tim! ✨💪😊😎
Very good point. I used to trade B/O’s but I get faked out more than anything (based on my back testing). Now I usually just wait for the breakout, then a dip 50% or lower and enter there. Better r/r for me.
Thank Tim for sharing all this very important Tips.
I have bought breakouts and had some success. I am just testing my day trade skills.
I haven’t placed any trades yet. I’ve just been learning before I jump in to the game
thankyou for the information I am watching all your videos as fast as I can You Rock
Super spot on for Aussie stock market that is always almost low in volume and more challenging to trade with lots of false / weak breakouts… thanks for the excellent tips !!! Cheers
Paul hear from Delaware I’m still studying to be a millionaire student
"First thing I wanna talk about is volume". Proceeds to start shouting
More solid information in 15 minutes than many others give in one hour. …."Brevity is close to Godliness".
Is it better to buy the break out once it hits the pre-market high or by the break out as it’s filling the gap like to U shape right before the pre-market high?
Thanks TB
I'm testing 20 bucks on day trade since I'm a really begginer. It's been 5 days that every bollean bottom hit I avoid to buy, bounces to upper bollean line within minutes. And every single bollean bottom hit I buy becomes a nose dive (6 ou 7 times IN A ROW already). I can't understand how unlucky I am. I'm avoinding to buy on those down lines because of the dips I already got. When I avoid, stock goes up. When I do not avoid and take the risk, the next up is lower than my buy point, causing hours to get that price back to make it even. It's so frustating
Ive bought a couple breakouts and into a few false ones. Yesterday I went to buy into one and realized I already used up my buying power for that day, so I couldnt and then had to watch it skyrocket without me, ahhhh! it was sad!
thanks man good lessons to learn.
This is Paul from Delaware I’m still studying to be a millionaire student
It’s 2021 and I’m just learning as much as I can from your videos🤙🏽
you deserve soooo many more subscribers! i feel like I learned more in this 10 min. video that others. Simple, straight to the point, no bs! love it!
Golden information!! Thx Tim!! STT cellphone app out anytime soon?
When will you develop a stt app for android. Guy i am constantly on the move. Carrying a laptop everywhere sucks.
Thankyou thankyou great help. Thankyou have a blessed day
1. Good price action and volume 2X 5X 10X higher than 60day avg
2. Must have strong News-Earnings-Catalyst is best if hot sector
3. Avoid stocks that are NOT in a hot sector (Hot sector is currently COVID related)
4. Avoid overnight trade if below VWAP near close
5. Look for Breakouts on the 5yr, 1yr chart, Look for resistance on these charts that it must break to be a true break out.
Breakouts are awesome! They are easy to trade if you are prepared. I am new to trading but the best lesson I've learned yet is to wait for the perfect opportunity and be patient. Thanks for the lesson bud!
I think im going to go with stocks to trade
Thank you, not yet
I think Tim is secretly ex military some sort of SF anyone with me on this?
Have you bought breakouts? Has it worked for you?