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We always encourage you to ask us questions in the comments ... So today, Tim Bohen and Huddie are tackling a question from a viewer. Say you’re shorting a stock and it starts to go against you — which order type do you use to manage the trade? Tune in now to find out!
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🔴Try StocksToTrade for $7: http://bit.ly/3a4BFBV
🔴Get our FREE weekly watchlist here: http://bit.ly/2wcapmz
🔴Traders Blueprint Free Guide: http://bit.ly/2WoQR97
🔴Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/DeBArowsi-4
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
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Should you set stop limits or manually manage orders? And what’s the difference between limit orders and market orders for low float stocks?
The first thing you should do before any trade is know your risk. Well before you’re in the trade, you should know where you want to get out, where the trade starts going against you, and where your thesis is no longer valid.
Find out why you need to look at the float — plus the dangerous position you can find yourself in...
And learn which order type better fits this scenario. (Plus another key reason to use this order type).
Which order type should you never use? Bohen and Huddie break it all down. Let’s just say it’s like panicking out of a stock. Not worth it.
If you're shorting low float stocks, you need to be prepared. They can move fast and you might miss a fill. That’s exactly why you need to know the difference between market and limit orders.
You don’t know where the stock will stop out. Your best bet is to get out as soon as possible — using the right order.
It may not be super simple … it may even be frustrating. But the potential nightmare that the wrong order can cause … again, NOT worth it.
Always remember to have a plan and know your stop before you enter the trade. No single trade is ever worth it.
#StockMarket #LimitOrder #MarketOrder
*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.
🔴 Try StocksToTrade for $7: http://bit.ly/3a4BFBV
We always encourage you to ask us questions in the comments ... So today, Tim Bohen and Huddie are tackling a question from a viewer. Say you’re shorting a stock and it starts to go against you — which order type do you use to manage the trade? Tune in now to find out!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/bdri9-iCofo
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: http://bit.ly/3a4BFBV
🔴Get our FREE weekly watchlist here: http://bit.ly/2wcapmz
🔴Traders Blueprint Free Guide: http://bit.ly/2WoQR97
🔴Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/DeBArowsi-4
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
Should you set stop limits or manually manage orders? And what’s the difference between limit orders and market orders for low float stocks?
The first thing you should do before any trade is know your risk. Well before you’re in the trade, you should know where you want to get out, where the trade starts going against you, and where your thesis is no longer valid.
Find out why you need to look at the float — plus the dangerous position you can find yourself in...
And learn which order type better fits this scenario. (Plus another key reason to use this order type).
Which order type should you never use? Bohen and Huddie break it all down. Let’s just say it’s like panicking out of a stock. Not worth it.
If you're shorting low float stocks, you need to be prepared. They can move fast and you might miss a fill. That’s exactly why you need to know the difference between market and limit orders.
You don’t know where the stock will stop out. Your best bet is to get out as soon as possible — using the right order.
It may not be super simple … it may even be frustrating. But the potential nightmare that the wrong order can cause … again, NOT worth it.
Always remember to have a plan and know your stop before you enter the trade. No single trade is ever worth it.
#StockMarket #LimitOrder #MarketOrder
*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.
You guys are so transparent.Great job to all of u !!!!. Meet u all in the grandstand!!
Since you're putting in the time for these videos it would be nice if you answered ALL of the relevant questions asked since your viewers put in the time to watch your content ( don't you think )???
Thanks Tim and Huddie
As I always say….. you and your Team is the best Bohen 💯
much appreciation for your information and teachings
Thank you sir. Answered my question. Using limits and approving orders when getting spooked in these low float volatile stocks definitely something I need to practice.
Most traders will use a limit order rather than a market order. It’s best to have a planned entry of say “$3.05” if the stock is say breaking past $3 very quickly so you don’t miss the entry point. If you just do a market order you may miss in this ex $3 and $3.05 and get a market order of $3.15 if not even worse depending on the movement of the stock.
It can be okay to use a market order if you want to quickly get out of a stock ASAP. So if you didn’t set a stop loss then if a stock was shooting down quickly you could sell it at market value. But again it’s usually best if you go in with a plan. Planned entry, planned exit, planned stop loss, and a overall strategy / why.
Thank you Tim B. and Huddie.
How can I find low float stocks?. I can't find a scanner that has it float as a filter criteria.
What is a good time chart 1 minute or 3 minutes or 5 minutes? I personally use 1 minute and 3 minutes time chart. What do you guys think? I like to hear your opinion about this topic. Thanks!!
How i find stock chart breakout before they breakout on stock to trade?
Don't you ever worry about getting front-run with limit orders though?
Here's my question, as a newbie, what trading platform should I be using to learn your trading methods?
When a trade goes against you, say long or short, Do ever flip to the other side? As in if ur short a stock and risk is 4 and u know if that res breaks its gonna fly, do u sell all ur short and then long some? and vice versa. Obviously case by case but would love to hear both your opinions. Thanks
Nice video, good info about the ins and outs and how to. Thanks guys! Tim and Mike.
As a newbie trader watching trades, trades usually move too quickly to execute a buy and have a plan before hand. How do it improve my quickness in making a gain/loss plan? Any videos that talk about this?
Hi Ive received a DM from ''timbohentrade'' In instagram and i wanted to know if it is really you because that could be a scam
Are there any indicators that give a similar measurement to VWAP? E*TRADE doesn’t have VWAP and I don’t trust random websites to give an accurate number.
Why does the intro cover remind me Jay and Silent Bob?
Got a trading question? Hit us with it! We’ve got plenty of videos to come… 😁