You hear almost every trading instructor say it: Look at charts. What’s the big deal with stock charts? What exactly are you looking for and how do you start? In today's video, Tim Bohen give you the lowdown on charts and shows you how to find breakouts.
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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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Some charts show a smooth, slow-moving stock. Don’t think slow is necessarily bad. Slow-moving stocks can be great for small and part-time traders. They don't make crazy volatile moves — you don’t always have to watch them so closely.
Here’s another misstep lot of newer traders make: They strictly focus on the intraday chart. That’s just part of one day. You should look at multiple time frames — one day, one week, one year, five year.
You need to study the history of a stock. History doesn't repeat but it often rhymes.
stocks that make multiple moves tend to continue to make multiple moves. Look for stocks that have a past pattern of spiking, consolidating, and breaking out again. That's one of the biggest things that can help you find the next best stock.
So, how do you break this process down? With your daily screeners!
Run your scanners to find those big percent gainers of the day that are closing near the high of the day. You want to see unusual volume, a strong stock, and a big percent gainer with news closing near the high of the day.
Then check to see that it consolidates for a few days and is primed to break out. Use those multiple time frames. That's key.
Basically, you're you're finding ideas on today's chart. Then you confirm over multiple time frames. That tells you there's past performance and can confirm it’s not just a random spiker (just remember that past performance is not a guarantee of future results). Then you start making your trading plan — that can help you stay out of mediocre trades.
#StocksToTrade #StockMarket #TradingCharts
*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/N7WDqniunY0
✅ 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/7NAHkA7SpT8
✅ 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
Some charts show a smooth, slow-moving stock. Don’t think slow is necessarily bad. Slow-moving stocks can be great for small and part-time traders. They don't make crazy volatile moves — you don’t always have to watch them so closely.
Here’s another misstep lot of newer traders make: They strictly focus on the intraday chart. That’s just part of one day. You should look at multiple time frames — one day, one week, one year, five year.
You need to study the history of a stock. History doesn't repeat but it often rhymes.
stocks that make multiple moves tend to continue to make multiple moves. Look for stocks that have a past pattern of spiking, consolidating, and breaking out again. That's one of the biggest things that can help you find the next best stock.
So, how do you break this process down? With your daily screeners!
Run your scanners to find those big percent gainers of the day that are closing near the high of the day. You want to see unusual volume, a strong stock, and a big percent gainer with news closing near the high of the day.
Then check to see that it consolidates for a few days and is primed to break out. Use those multiple time frames. That's key.
Basically, you're you're finding ideas on today's chart. Then you confirm over multiple time frames. That tells you there's past performance and can confirm it’s not just a random spiker (just remember that past performance is not a guarantee of future results). Then you start making your trading plan — that can help you stay out of mediocre trades.
#StocksToTrade #StockMarket #TradingCharts
*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 like the 1/ 5 year, down to the 3 month, then trade off the intraday
1 –5 — 6mos. – year.
TY Tim
I do, exactly as said
Hi Tim, Excellent advice
😯
ARQL is no more, but the rules are the same and remain. Great vid — thx!
Hello 👌🤩
noice!
Thanks Tim and yes I do use the 1 day , 1 year chart
Thank you Tim!!! Yes mulita Time Frames!!!
Thx so much Tim!! Newbie here! I do use multiple time frames and it's so cool how much broader info you can get bout the stock's personality! Great lil lesson.🙏
Were the green lines on the long term chart support and resistance lines? If so, were they added manually/carried over from previous sessions, or is that a plugin that maps them out?
I haven't used the 1w/5y chart, but I do use a 1 and 2y 1d chart
Got to get the whole outlook of a stock. I use the 2 day, 5 day, 10, 20, 90, 6 month, 1 year, then 5 if curiosity is needed. Read them all within 30 seconds.
Wish the chart screen was on the screen and you were in the square on the bottom right… we need to see the charts, not your hand movement
Nope! I barely use 1-year chart, hereinafter I will, tks Tim
yyyyooooooooooooooooooooooooooooo. good vid
Got me! I've been day trading for almost two months and I strictly use 1d-1m chart; however, I do incorporate the 20ma and 200ma for a different perspective but will definitely look into 1yr-1d and 1wk-5yr. I mostly look at candlestick patterns and formulate couple entry points as strong indicators and I typically hold no more than 2hrs. BTW, I very much appreciate the never-ending contents – it's LEGIT!
Great information. Thanks for sharing.
I enjoy your video's to help beginner traders, but to be honest i realize you have a great platform. But it is way to expensive. Won't ever go there.
I've never used the 5 year but I will now!
What’s the best scanner to use?!
Can’t see anything btw. Thanks
I zoom out, looking for resistance and if it clears how much room is there to move, is it a gap over several red days and over a pivot. . Or a double bottom with a new high breaking trend. Tradable void. I’m still a newer trader. That’s my two patterns I’m focused on.
Very helpful. Merci 🍁
So I can buy sell multiple stocks unlimited for 14 on stt is this true
I use the daily charts to draw my support and resistance but after this video. I can use it more effectively
I have been looking at 1 yr 1 day and 15 day 1 day charts to help identify 1st Green Day Setups. Any recommendations on charts that will be better in finding these setups intraday?
Do you use the one year and the five year chart? Do you strictly stare at the intraday chart? What timeframes do you use?