Today, lead trainer of StocksToTrade, Tim Bohen goes over volume, prediction, and things we look for to get that edge in trading. So, let’s talk about predicting late-day volume spikes.
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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
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES
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First things first, can you predict a late-day volume spike? No, you can’t. But, you can prepare for it!
You can get ready for when the price action confirms, and that's how you find consistent setups. You want to look for a stock that was a big gainer in the past, also known as a former runner. The best way to spot those is to use your scanners to see what stocks are moving.
History doesn’t repeat but it does rhyme. These stocks that run in the past tend to run again in the future. Look at the long-term charts — the one-year chart, two-year chart and five-year charts. Look for those big candles, those multi-day moves.
Don't just look at that one-day, one-minute chart. A lot of newer traders make that mistake. So look at the past performance. Did it have a history of running? Does it have unusual volume today?
Look at the 60-day average volume. I like to see volume that is considerably higher than the 60-day average. That means there's a lot of traders in this. Remember, for a stock to go up, you need more buyers than sellers. More volume means more buyers, heightening the chance of an afternoon spike.
You also want to look for news. It can even be “dubious” news, but if you've got a news article from today that at least reads slightly positive, it pushes these stocks. That's a big thing. Then, you want to look for breakouts on the charts. Whether it’s breaking a ninety-day level, a six-month level, a one-year level, or even if it's an all-day high.
Those are the biggest things you want to look for. Unusual volume, news, past instances of running. And of course, always pay attention to the overall market. Focus on putting as many of these indicators into your decision-making as possible.
The market is quite often a self-fulfilling prophecy. Try it, experiment with it, check off all those boxes. If you can't check all those boxes, sometimes the best trade is no trade at all.
#StocksToTrade #TechnicalIndicators #Volume
*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/7NAHkA7SpT8
✅ Links we mention and recommend:
Try StocksToTrade for $7: https://bit.ly/31G3uMb
Get our FREE weekly watchlist here: https://bit.ly/2KFwayc
Check out the SteadyTrade podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/xuIlug1wIIQ
✅ 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
First things first, can you predict a late-day volume spike? No, you can’t. But, you can prepare for it!
You can get ready for when the price action confirms, and that's how you find consistent setups. You want to look for a stock that was a big gainer in the past, also known as a former runner. The best way to spot those is to use your scanners to see what stocks are moving.
History doesn’t repeat but it does rhyme. These stocks that run in the past tend to run again in the future. Look at the long-term charts — the one-year chart, two-year chart and five-year charts. Look for those big candles, those multi-day moves.
Don't just look at that one-day, one-minute chart. A lot of newer traders make that mistake. So look at the past performance. Did it have a history of running? Does it have unusual volume today?
Look at the 60-day average volume. I like to see volume that is considerably higher than the 60-day average. That means there's a lot of traders in this. Remember, for a stock to go up, you need more buyers than sellers. More volume means more buyers, heightening the chance of an afternoon spike.
You also want to look for news. It can even be “dubious” news, but if you've got a news article from today that at least reads slightly positive, it pushes these stocks. That's a big thing. Then, you want to look for breakouts on the charts. Whether it’s breaking a ninety-day level, a six-month level, a one-year level, or even if it's an all-day high.
Those are the biggest things you want to look for. Unusual volume, news, past instances of running. And of course, always pay attention to the overall market. Focus on putting as many of these indicators into your decision-making as possible.
The market is quite often a self-fulfilling prophecy. Try it, experiment with it, check off all those boxes. If you can't check all those boxes, sometimes the best trade is no trade at all.
#StocksToTrade #TechnicalIndicators #Volume
*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.
Best video for newbies
Hi, is that possible to do a video on End of Day volume analysis on Index such as spy to see if next day likely green?
STT IS AWESOME, THANKS
Seriously I've learned more on your Channel and the SST platform than anywhere else online.
I have a question, is peanut butter traded and is crunchy worth more then smooth?
I've watched videos on how to use the screener on STT platform and it doesnt work for me. I need step by step instruction. Can you help?
Thank you for all these super helpful videos. I learn something every time I watch your videos
Always good video my Tim !
Great video Tim! Is that watch you have an invicta?
I really appreciate the work that you done. Your videos are excellent. I am a Millionaire Challenge Student with Stocks to Trade (STT) and your videos are a great resource. The STT team does a great job supporting their students.
just found your video great work . I seem to be getting myself trapped on the early morning volume spikes seems like im always a little to late before i get trapped on the way down any advice would be great Thanks
wow really good information tks so much
Where is the best place to look for "News" on a stock? Just google, or is there somewhere specific that is better?
Thanks Tim! Always with the useful info. Had an aha moment with how you mention to look at past multi day runners for a late day spike. Thanks again!
how do you figure out your targets on red to green moves?
Thanks!
Hey your stock to trade is not working where is customer service
Thanks. I have a question and It has to do with more of the type of laptop that can be use for Stocks to trade and I have a MacBook Aire would that work for stocks to trade or do I need to get something else??
Great video
Trade it's the same how our life never stops learning…..
Do you have a favorite scann in STT to find late day spikers ?
What does it mean when a stock as legs also thank you for the videos you are very helpful
Tim I just wanted to say thank you for all the work you put in! It doesn’t go unnoticed I appreciate and thumbs up all your videos. I use the thumbs to keep track of which videos I’ve watched also lol. On behalf of all traders thank you!!!!
I look for stocks that run all day and fade into the close and yes volume is big factor, to me, what happen near the last hour lets me see if it's a long or short.
Question: These days short sellers are aggressively jumping and selling penny stocks when they up around 100% in the pre-market, now my question is what is the usual buying back plan and how the stock price reacts?
Good stuff. So helpful Tim!!
Thanks Tim. I am loving your videos and your style of teaching. They are very helpful to someone that is learning and getting started.
Also I think that your software platform is fantastic. I’m on the trial version now and I will definitely be subscribing.
Might be back to you on this video is it would be helpful to see an example of the chart setups that you are describing.
While I am new, I do understand many of the basic terms but it would be handy to see it to make sure that I’m not misinterpreting your descriptions
Hi Tim I have been watching you videos and also Tim S my question is how to start I bought Tim S book but it's so confusing,any advice for novice.
I love all of your videos Tim and also the podcast is great, keep doing that great job that worth a lot… Also, i want to tell you to look about the "moire effect" and how to eliminate that. Best regards
Do you use all these factors? What are you using to predict late-day spikes?