There's so much trading information out there, it’s all too easy to get tripped up. What’s the smartest way to research stocks? What indicators should you use? First, breathe. Next, watch as Bohen talks about the key trading technique you should really focus on.
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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
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Before we get into the details, let’s start with an acronym: KISS. Keep it simple, stupid.
There are thousands of technical indicators out there. There are multiple time frames on a chart. When you try and overlay all of these technical indicators and all of these bits of information, it’s easy to get overwhelmed … even for intermediate and advanced traders.
There's definitely no lack of information.
Even when you pull up your newsfeed, you can overload on information. Sometimes you can't even see the stock price because there are so many indicators and lines on the chart. That’s when trading can seem near impossible...
... and you fall into analysis paralysis … you just don't know where to start or what to do.
So how do you recover? Cut out the excess. Focus on a minimal amount of information. For the big picture, look at the long-term chart — one-year, one-month. Then check out the intraday charts: one-day, five-minute.
A lot of traders tend to focus on just the one-minute chart. But there can be more fluctuations and ticks, and that can cause confusion. And then you’re back to analysis paralysis. So keep your technical indicators to a minimum. Maybe just start with the VWAP.
You should also watch for news on your stocks ... But don't let the story or the headline override what the chart tells you. Remember, stocks can have great news or good earnings and still drop.
Wanna avoid analysis by paralysis? Keep it simple, stupid!
#StocksToTrade #TechnicalIndicators #TechnicalAnalysis
*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/8hnllflNsXs
✅ 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/gGz61J7Rz8c
✅ 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
Before we get into the details, let’s start with an acronym: KISS. Keep it simple, stupid.
There are thousands of technical indicators out there. There are multiple time frames on a chart. When you try and overlay all of these technical indicators and all of these bits of information, it’s easy to get overwhelmed … even for intermediate and advanced traders.
There's definitely no lack of information.
Even when you pull up your newsfeed, you can overload on information. Sometimes you can't even see the stock price because there are so many indicators and lines on the chart. That’s when trading can seem near impossible...
... and you fall into analysis paralysis … you just don't know where to start or what to do.
So how do you recover? Cut out the excess. Focus on a minimal amount of information. For the big picture, look at the long-term chart — one-year, one-month. Then check out the intraday charts: one-day, five-minute.
A lot of traders tend to focus on just the one-minute chart. But there can be more fluctuations and ticks, and that can cause confusion. And then you’re back to analysis paralysis. So keep your technical indicators to a minimum. Maybe just start with the VWAP.
You should also watch for news on your stocks ... But don't let the story or the headline override what the chart tells you. Remember, stocks can have great news or good earnings and still drop.
Wanna avoid analysis by paralysis? Keep it simple, stupid!
#StocksToTrade #TechnicalIndicators #TechnicalAnalysis
*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.
I run 5min data on 1min chart – no good? Also use 10m and 5min charts bc many times as a stock moves on 1/2min chart bc looks good on5min, it doesnt get the big move until I see a cross of say MACD on 10 min… in otherwords 2&5 min are good, you can ID entry and it can be profitable, but a spike will happen if ALL three are in the same direction
it seems to get a lot of crap but Ive had a lot of luck just using fibonacchi extensions and trend lines. But if you have good previous resistance and support data, I'd go with that over fibonacchi.
FOMO-not willing to wait
I take too long to decide and the stock I want to buy goes up 7% and then 4% two days in a row. :/
keep it simple stooooopid!!!!!
Yo coming from a navy background that wave 🌊 analogy set off light bulbs in my head !!
Thanks Tim
yes, I use vwap but also use 50day moving average just to see where it's moving to and I'm big on news but price tells the story.
Sma Ema & vwap
Tripping up – Not knowing how to make a plan yet
What about intraday trading patterns thoughts?
Thank you! I use MACD, sometimes it help to identrify momentum. Vwap, Fibochi, 50ema, 9ema And rsi, but now i recognice that rsi isn`t work for penny stocks properly, because of this i throwed away rsi)
It really good one clip. I seen thoes a lot but this one fitted to me absolutely. Thanks Tim.
I like VWAP and RSI to form a bias. Still new at the game. But I find these indicators easy to use.
I use VWAP on ThinkirSwim and I want to know how would you judge a buy or sell signal off VWAP since on ToS there are three lines that show for vwap. Other platforms have just one line. Hope this question makes sense? I’m still learning and paper trading. Thanks in advance
True Tim, most traders hear the simple shit (price action, Support & resistance on Daily and 5min intra + vwap) but still try too many different things just to eventually come back to baics!!! LEARN this early and stick to it. Price action, Supp & resis lines… especially the ones on daily chart.
Hey Tim, love the videos! I have been doing some paper trading while saving my money for a brokerage account. I am noticing that my exits are on point, but my entries feel very choppy. Theres a lot to consider when the market is in motion, and sometimes it feels like i have to make a split-second decision on whether to buy or not based on my research and the price action. What are some things I could do to potentially make my entries better? Thanks a ton!
What are the things that are tripping up your trading?