🔴 Want to learn more from Tim Bohen, check out StocksToTrade Pro: http://bit.ly/30YtwLv
🔴 Try StocksToTrade for $7: http://bit.ly/30U2u86
Stop losses … getting stopped out ... these are terms you’ll hear again and again. What are stops and why do traders use them? Hint: they can help you protect your assets. Today, Tim Bohen talks about some of the best practices on how to use them. Don’t miss this!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/DeBArowsi-4
✅ Links we mention and recommend:
🔵Try StocksToTrade for $7: http://bit.ly/30U2u86
🔵Get our FREE weekly watchlist here: http://bit.ly/36qwpWF
🔵Check out the SteadyTrade podcast: http://bit.ly/2tJdpFN
✅ Recommended video: https://youtu.be/v7TSA7dwjek
✅ Recommended playlists:
🔴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
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
All traders lose. It happens. The sooner you accept that, the sooner you can take the necessary precautionary steps to trade smarter … like pre-planning a stop.
New traders have a tendency to get too excited and act on their emotions. They jump into trades before they properly consider their risk. They only see the goal … the possible profit. But they don’t think about the backside.
So what happens if the trade doesn't work? You lose, right? How much you lose depends on how quickly you get out of a trade. This is where the magic of a stop loss comes into play.
Every time you enter a trade, you should consider what your stop loss will be. It could be a per-share amount, percent amount, or a dollar amount. You can enter that stop loss into your brokerage account...
Let's say you buy 1,000 shares for $1... You can set your stop loss at 1,000 shares at 89 cents. That’s a very basic example.
Now, if you're a swing trader or an investor, you can set a trailing stop. This can be a great tool for part-time traders or even full-time traders who need time to step away from the computer. It’s built into all brokerages. If you’re in a great trade, you can enter that stop loss. And if the stock dips, your order is executed. Boom. You’re out of the trade.
The most important part of having a stop is to ONLY trade liquid stocks. If you get caught in an illiquid stock and it starts dropping fast, there might not be enough liquidity to get out of it. Here’s a smart rule: avoid stocks that trade less than a million shares a day … That’s the bottom end of the spectrum.
There’s nothing worse than walking away from a trade to see you’re still in it — below your stop. That can cost you a lot of money. Stick to more volatile stocks. Always have a stop and always set it. Trading without a stop isn’t a trade, it’s a gamble.
#StocksToTrade #StockMarket #StopLosses
*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/30U2u86
Stop losses … getting stopped out ... these are terms you’ll hear again and again. What are stops and why do traders use them? Hint: they can help you protect your assets. Today, Tim Bohen talks about some of the best practices on how to use them. Don’t miss this!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/DeBArowsi-4
✅ Links we mention and recommend:
🔵Try StocksToTrade for $7: http://bit.ly/30U2u86
🔵Get our FREE weekly watchlist here: http://bit.ly/36qwpWF
🔵Check out the SteadyTrade podcast: http://bit.ly/2tJdpFN
✅ Recommended video: https://youtu.be/v7TSA7dwjek
✅ Recommended playlists:
🔴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
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
All traders lose. It happens. The sooner you accept that, the sooner you can take the necessary precautionary steps to trade smarter … like pre-planning a stop.
New traders have a tendency to get too excited and act on their emotions. They jump into trades before they properly consider their risk. They only see the goal … the possible profit. But they don’t think about the backside.
So what happens if the trade doesn't work? You lose, right? How much you lose depends on how quickly you get out of a trade. This is where the magic of a stop loss comes into play.
Every time you enter a trade, you should consider what your stop loss will be. It could be a per-share amount, percent amount, or a dollar amount. You can enter that stop loss into your brokerage account...
Let's say you buy 1,000 shares for $1... You can set your stop loss at 1,000 shares at 89 cents. That’s a very basic example.
Now, if you're a swing trader or an investor, you can set a trailing stop. This can be a great tool for part-time traders or even full-time traders who need time to step away from the computer. It’s built into all brokerages. If you’re in a great trade, you can enter that stop loss. And if the stock dips, your order is executed. Boom. You’re out of the trade.
The most important part of having a stop is to ONLY trade liquid stocks. If you get caught in an illiquid stock and it starts dropping fast, there might not be enough liquidity to get out of it. Here’s a smart rule: avoid stocks that trade less than a million shares a day … That’s the bottom end of the spectrum.
There’s nothing worse than walking away from a trade to see you’re still in it — below your stop. That can cost you a lot of money. Stick to more volatile stocks. Always have a stop and always set it. Trading without a stop isn’t a trade, it’s a gamble.
#StocksToTrade #StockMarket #StopLosses
*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.
MAYBE YOU COULD EXPLAIN HOW TO SET A TRAILING STOP?
where do you trade your stocks
beautiful! thanks man, big thumbs up on this video! 👍🏻
Totally GOLDEN!!!👍👍 As a beginner this is my best indicator for STOP LOSS
Thanks TB
This was great – thank you. Great presentation skills too, subscribed !
Second time watching this vid… FINALLY it clicked! I get it now! (Light bulb moment!) Thank you!
I set a trialing stop. At first I was giving back too much profit because I couldn't tweak it just right and then I learned my broker also allows a profit taking exit stop, so I do both. Now I know what I'm willing to lose AND what I'm willing to take and it's been working much better for me even if I do still leave some money on the table. I think you will always leave some anyway. Not going to hit that high exactly.
Loving this new Youtube format….new but learning…Thank you.
Ok gonna be completely honest and vulnerable here. So I'm reading the Stop-loss blog post and I'm new to trading, so I get down to the calculator part and as I'm reading I'm getting lost on how the calculations come to be. Now I am fairly smart at math (and getting a refresher course due to having to help family with school work) and am reviewing how to do ratios to double check the math. I get the target price is the price you hope a stock reaches, I get the buy price is price you buy the stock at initially, and get the stop loss price is the price below the buy price that you want your order to stop at to hit the risk amount. I'm just confused as to how to get the risk amount and how to get the risk to reward ratio and as to what that looks like on the charts. Anyone have a video or could work out the equation long ways so I can see the step by step
This is very valuable
Is getting stopped out the same as getting shaken out?
Please, I need asset risk management skill….I am getting hit all the time
Everyone talks about stop loss but dont explain how to do it…
This is great! Thank you
Thanks for the tips Tim!
Been there, done that, IT SUCKS…Learning from it and avoiding it takes discipline. Thank You, Tim!
Just bought STT. Learned about trailing stop losses on various youtube channels. Something I really want to do, especially using percentages. But as far as I can tell, there is no option to do this within STT. Will this feature be added anytime soon?
I'm a beginner, what's a stop loss?
Being there done that…Not fun! Thanks Tim!
I use mental stops, as soon as I click the buy button, I know roughly how much I will lose. Got in LLIT Friday in 3's, cut loses quickly when dt. Once I got caught in GRNQ, entered way too late, in power-hour, in high 2's, lost .49 a share, blew right through my mental stop. Taught me never to chase that high again. Thanks, Tim, great video!
I’ve always wondered about the trailing stop and how it works with E*TRADE. Haven’t figured it out yet, but makes perfect sense as to the idea now. Thanks so much!! I’d love to see a tutorial video (longer then this) on stops. Even training on E*TRADE or similar platforms. I know you can’t cater to everyone, but it would be super helpful!
Hey Bohen what's up man, this Is Delbert from Washington here. Been listening to Steady Trade at work non-stop for months now, I've got so much incite from you guys. My question to you is, do you have any advice for what sort of changes to you might make to your trading plan as a fairly new, long-biased trader, specifically geared towards the sudden shift in market sentiment over these past few weeks? I've been having some trouble the last two weeks with getting faked out and not getting very timely entries. Thank you for all your hard work brotha.
Just buy $swppx and $voo
I’m new to the stock market. I’ve seen the cash vs margin account. I might stay with Margin but not sure. Love this video too. Always have a plan
thank you
New to trading. Thanks for info. Actually a Challenge student and have the STT software.
Been stuck. Now I use market stop orders.
Great Video! Do you use stops or do you take a mental note when to exit a trade?
Very useful video. I’m going to start using percentage stop losses instead of share stops b/c sometimes they are around 4-5% losses and I don’t like that. Stopping out at 2% for now on. Thank you for making these videos you have no idea how you have helped my trading. 💯💻
Have you ever been stuck in an illiquid stock? How do you set stops?