If you're looking for help on how to become a stock trader, you’re in the right place! Tim Bohen has been trading stocks for over 12 years. Today, he’ll break down his top 6 steps to getting started in the markets.
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Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/
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Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/8xXiHUjQtnA
✅ 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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1. The first thing you need to do before you even start trading is to learn about the market and how it works. There's a lot, so soak up as much information as you can. Watch the markets and videos lessons, read books … become a true student of the market.
And just like any other skill in life, you need to practice. I recommend that you find a mentor.
2. Learn about securities. You need to know what you're actually trading. Whether it’s Nasdaq, NYSE, OTC, crypto, or even forex — you need to know what these are and how they trade differently.
3. You need to integrate a strategy and start mapping out plans. Find something that works for you. How? Start testing and trying different strategies...
Write out your trade plans, then study them after the fact to find what’s working. Will you go long or short sell? Do you like volatile stocks? Do prefer technical indicators or fundamentals? There’s no right answer. Test to find what works for you. Trust the process.
4. Look at your expenses, especially commissions. Be sure you understand your broker’s commission structure and that it works for you. As a trader, you're running a business. Be thorough in every aspect of it.
5. So many traders overlook this — don't dive in with real money right away! Especially if you're day trading volatile stocks. They spike and drop so quickly. Paper trade until you find consistency. Practice! Once you’re consistent and comfortable, you can put real money on the line.
6. Trade small. The stock market doesn’t have emotions, but you do. If you go in too big, too fast, you can blow up your account. But that’s one beauty of these volatile stocks: you don't need huge positions. Some of these stocks go from $1 to $5 or gain 1,000% in a day. You don’t need a ton of shares. Focus on opportunity, trading small, and consistency.
Remember, trading is risky. There’s no guarantee of success. But the right mindset can help you be a smarter trader.
#StocksToTrade #StockMarket #Improvement
*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/zAa474Xd3rg
✅ 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/8xXiHUjQtnA
✅ 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
1. The first thing you need to do before you even start trading is to learn about the market and how it works. There's a lot, so soak up as much information as you can. Watch the markets and videos lessons, read books … become a true student of the market.
And just like any other skill in life, you need to practice. I recommend that you find a mentor.
2. Learn about securities. You need to know what you're actually trading. Whether it’s Nasdaq, NYSE, OTC, crypto, or even forex — you need to know what these are and how they trade differently.
3. You need to integrate a strategy and start mapping out plans. Find something that works for you. How? Start testing and trying different strategies...
Write out your trade plans, then study them after the fact to find what’s working. Will you go long or short sell? Do you like volatile stocks? Do prefer technical indicators or fundamentals? There’s no right answer. Test to find what works for you. Trust the process.
4. Look at your expenses, especially commissions. Be sure you understand your broker’s commission structure and that it works for you. As a trader, you're running a business. Be thorough in every aspect of it.
5. So many traders overlook this — don't dive in with real money right away! Especially if you're day trading volatile stocks. They spike and drop so quickly. Paper trade until you find consistency. Practice! Once you’re consistent and comfortable, you can put real money on the line.
6. Trade small. The stock market doesn’t have emotions, but you do. If you go in too big, too fast, you can blow up your account. But that’s one beauty of these volatile stocks: you don't need huge positions. Some of these stocks go from $1 to $5 or gain 1,000% in a day. You don’t need a ton of shares. Focus on opportunity, trading small, and consistency.
Remember, trading is risky. There’s no guarantee of success. But the right mindset can help you be a smarter trader.
#StocksToTrade #StockMarket #Improvement
*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.
Getting started
Good stuff
Is there a recommended book that’s not to complicated so understand.
just stated into forex
Paper trade to get comfortable with the software and test a strategy… other than that I think you need to have money on the line to overcome the emotional aspect.. After a month in the paper trading account I started risking 50 dollars a day with the goal of making 100.. sizing up from there has been extremely challenging but after almost a year and a few big losses I am getting the discipline required to take bigger size without letting my losers run away on me. Putting your money on the line and dealing with the emotions is a must.
I have been trading since march .bought tim Sykes millionare program and watched a ton of it .actually much of it twice .i watch you every day on premarket prep .and other videos you post .my last 5 trades have been good with my small account .i have focused on top volume of the day and if its 3 times regular volume,i have been looking hard at getting in on it .last 5 made me money as i was focused on that niche .i fucked up today and bought the same stock for the third time with low volume …….it dipped 20 percent on me and i am now a bag holder ……..back to basics i go again
Getting started
I'm currently using the STT paper trade function. I treat all trades as if it's my money but I do use the "safety net" to test out decisions sometimes. Truly, the entire paper trade idea should be to test your decision making, not your ability to always pick a winner (although, that's what we all want to do consistently). I think it's a fantastic tool.
Actively Trading!
Active
I just started trading had a pretty good move on my first month, made $100k really quick but I also lost almost 80% of it because I new in the market and Ive committed many mistakes that brought me down.
I always do good paper trading
I don’t overthink it
My own money i had FOMO and one bad trade (small losses don’t mess me up) but the one bigger one has me nervous
I always think…this is a good place to enter …but chicken out and watch it …then as it’s climbing I am too scared of the crack back and stay out
Paper trading I don’t have that fear because …it’s pretend
I was trading but have retreated to watch and learn.
Ahah i have not try paper trading i just jumped in…from being a customer service agent..before we start on the phone we role play with amongts us receiving calls and its never the same as the real call..therefore i just jumped into the wheel world lost more than gain now im studying again or continue studying since i can't afford nonenof these yet..but i so learn from thebyoutube webinar i was stident challenge couldn't afford it but stillcontinue learning trough the videos
Getting started, but would like to be actively trading within the next week! 👍🤝
Paper trading does not replicate real trading as it gets you in and out of a trade immediately and with real money that doesn’t happen. So beware of that
Actively starting
Im papertrading until I turn my 2k account into 10k. I have to prove to myself I can trade comfortably with a real account when I start.
Just started to get into stocks watching Tim , and really enjoyed the way you teach and agree with what you are saying thanks !
Getting started. Paper trading.
Just getting started. Been watching yours and Tim Sykes' videos all month, saving up for a StocksToTrade account in January. Never paper traded before but I'm a big fan of practice in everything I try to learn, so I'm definitely using that STT feature when I get there. Thanks!
I'm actually mixed on paper trading. On one hand it is great practice, on the other I find it just is not the same as real money on the line. Definitely recommend it for everyone but with a grain of salt.
I went in real money immediately. Things were good for 3 months trading with a 30% return . Then boom I violated the PDT rule and went – 50%. Now, I'm watching this video to make a comeback thank you
Just getting started
I'm still beginning. I've only been studying for about a month
getting started
CAN YOU GO OVER HOW TO INTEGRATE A BROKER INTO STOCKS TO TRADE.
Not started so far, just studying. But I intend to start with paper trading, since I don’t wanna flight a plane right away!
A question: wich brokerage can I use from overseas? I’m not an US citizen.
Getting started. Paper trading at the moment. Studying studying studying.
Thank you for the great video. I agree paper trading is a great tool, but live trading small sizes, with $15-$20 stop loss max, works even better. I'm just transferring from paper to small size
I am paper trading for now trying to save up some money to get into the market
Excellent Video! Great Advise! Everyone should watch this video several times. I'm more conservative so I will start paper trading before I dive in full fledge. Its important to get your feet wet or else your more prone to getting screwed with real money. I know everyone is different, but thats my plan moving forward.
Are you actively trading right now, or just getting started? Are you using these six steps?