A term you'll often hear is whole dollars and half dollars. Why are they significant and how can you use these to help your trading?
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Today, Tim Bohen is going to break down some technicals. The idea behind the whole dollar/half dollar theory is as stocks break even numbers.
When you see a stock gradually uptrending, you’ll see average value, building value and the price action growing. But when this stock breaks it’s key level of an even number, you’ll see value come in very quickly. When this happens, you will (almost) always see a quick spike in the price.
You want to be prepared for these levels. These are all levels that the brain keys on. When people see these stocks pushing through those levels they think back to where the stock started and where they think it’s going… and they want to get in!
Now while these key levels are something to use to your advantage, it doesn't necessarily mean you base your entries off of them. They are great to use as an exit strategy. Once a stock hits and passes those key levels, take your gains. It’s pretty simple but it is something you should focus on.
Focus on those whole dollars and half dollars.
#StocksToTrade #DayTrading #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/YU1ndRXe338
✅ Links we mention and recommend:
Try StocksToTrade for $7: https://bit.ly/2YJTGUB
Get our FREE weekly watchlist here: https://bit.ly/2MXAdst
Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/ktEfCxuUXTg
✅ 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/
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Today, Tim Bohen is going to break down some technicals. The idea behind the whole dollar/half dollar theory is as stocks break even numbers.
When you see a stock gradually uptrending, you’ll see average value, building value and the price action growing. But when this stock breaks it’s key level of an even number, you’ll see value come in very quickly. When this happens, you will (almost) always see a quick spike in the price.
You want to be prepared for these levels. These are all levels that the brain keys on. When people see these stocks pushing through those levels they think back to where the stock started and where they think it’s going… and they want to get in!
Now while these key levels are something to use to your advantage, it doesn't necessarily mean you base your entries off of them. They are great to use as an exit strategy. Once a stock hits and passes those key levels, take your gains. It’s pretty simple but it is something you should focus on.
Focus on those whole dollars and half dollars.
#StocksToTrade #DayTrading #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.
Hie Tim. Would you make a video on first green day strategy. Thanx
so you say when a stock breaks 2 you sell when momo dies usually around 2.20 or so which sounds fine what do you do if you buy at 2 and instantly its at 1.95 bcuz sometimes 1.90s hold then gets back above then rips but other times it drops further, so question is how do you deal with that scenario?
When you sell it, who exactly buys it from you?
Thank you again!)
I have found it difficult to be consistent, Thank you
I have a question. What happens if i invest in a stock and the price of the stock goes down all the way passed my investment. Where does my investment money go? If 90% of investors loose money/ their investment, someone is making or having my money. But where or who? Thank you.
Don't think this is how you grow a small account it's just a tip
Thx for the subtitles!
Is there anyway you could increase your buying power?
Great video, but not what I expected from reading the title
>>Drop a question and we'll address them in the next YouTube video!
OK – How do I choose a broker, for my very small account? (cerc. £2k I'm in/from the UK ) If this has already been answered and I've missed that, please post a link. Thanks all!
can you plz do one on how to set up the
STT screener
Is there a way to see these examples in a visual form? I love the examples but I feel like a visual example that follows along with what you're explaining would help a ton! Especially for visual learners.
Great video thank you 🙏🏻
Drop a question and we'll address them in the next YouTube video!