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.

By Stock Chat

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15 thoughts on “A tip on how to grow a small stock trading account into a big trading account”
  1. Avataaar/Circle Created with python_avatars TAPIWA RASARA says:

    Hie Tim. Would you make a video on first green day strategy. Thanx

  2. Avataaar/Circle Created with python_avatars Bob Riddell says:

    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?

  3. Avataaar/Circle Created with python_avatars Cofi Eleven says:

    When you sell it, who exactly buys it from you?

  4. Avataaar/Circle Created with python_avatars Артем Заянчковский says:

    Thank you again!)

  5. Avataaar/Circle Created with python_avatars Julio Méndez says:

    I have found it difficult to be consistent, Thank you

  6. Avataaar/Circle Created with python_avatars Yannick says:

    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.

  7. Avataaar/Circle Created with python_avatars Chase Ramos says:

    Don't think this is how you grow a small account it's just a tip

  8. Avataaar/Circle Created with python_avatars borgman bermúdez says:

    Thx for the subtitles!

  9. Avataaar/Circle Created with python_avatars Dee Lee says:

    Is there anyway you could increase your buying power?

  10. Avataaar/Circle Created with python_avatars Daniel de Winter says:

    Great video, but not what I expected from reading the title

  11. Avataaar/Circle Created with python_avatars Keith Lee says:

    >>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!

  12. Avataaar/Circle Created with python_avatars just a question says:

    can you plz do one on how to set up the
    STT screener

  13. Avataaar/Circle Created with python_avatars Kelii G says:

    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.

  14. Avataaar/Circle Created with python_avatars Sam A. says:

    Great video thank you 🙏🏻

  15. Avataaar/Circle Created with python_avatars StocksToTrade says:

    Drop a question and we'll address them in the next YouTube video!

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