Today, lead trainer at StocksToTrade, Tim Bohen is breaking down chart patterns. Specifically, the dead cat bounce pattern.
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Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
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This pattern has a rep for getting a lot of traders in trouble. And it really should be avoided by new traders. If you’re an experienced trader, you can look to short this pattern, but it's difficult because a lot of these stocks are not easy to borrow.
With penny stock news, they always talk about “may, might and hope”. So this particular ticker had news that they ‘may’ have a cure for HIV. This is the kind of news people like to get behind. And following the news, the stock closed at its high of the day.
Traders, see the news, see the price movement and get impulsive. They want to get in early. They want to be in day one. But then, the next day, the stock gaps down, leaving them confused on how they lost again.
Don’t just look at the one day chart. Be thorough. Look at the one year chart and the five year. This can show you if the stock's been choppy. When a stock has a long-term chart like that, the odds of it succeeding over multiple days are very low.
Think like a professional trader. Think about what other traders are looking at and don’t get caught up in the FOMO… that fear of missing out.
#StocksToTrade #StockMarket #TradingPattern
*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/Q2hR3KwTZMg
✅ 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/6ppJ3W2mmis
✅ 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
This pattern has a rep for getting a lot of traders in trouble. And it really should be avoided by new traders. If you’re an experienced trader, you can look to short this pattern, but it's difficult because a lot of these stocks are not easy to borrow.
With penny stock news, they always talk about “may, might and hope”. So this particular ticker had news that they ‘may’ have a cure for HIV. This is the kind of news people like to get behind. And following the news, the stock closed at its high of the day.
Traders, see the news, see the price movement and get impulsive. They want to get in early. They want to be in day one. But then, the next day, the stock gaps down, leaving them confused on how they lost again.
Don’t just look at the one day chart. Be thorough. Look at the one year chart and the five year. This can show you if the stock's been choppy. When a stock has a long-term chart like that, the odds of it succeeding over multiple days are very low.
Think like a professional trader. Think about what other traders are looking at and don’t get caught up in the FOMO… that fear of missing out.
#StocksToTrade #StockMarket #TradingPattern
*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.
Thanks.
Hello, do you think CCL will have a have a dead cat bounce? Huge drop in Friday beneath the covid lows
can’t you just speak and act normally, instead of like some obnoxious 17-year-old tiktoker.. you rewlly don’t need to scream! or beg for likes, or using adjectives like insane or crazy!
what program are you using to look at the charts?
I waited till the end of a dead cat bounce.. went down 28% the next 3 days and yeeted out of there
Don’t mind me, just dropping in before the Bitcoin investors get here.
That room has so much echo tho
Most people play on emotions and rumors. Hard to bet the algorithm and insiders.
This was a terrible example of a dead cat bounce you did not even point it out on the chart.
echo echo echo echo echo echo echo
This definitely was very eyes opening for me!! Appreciate you!
You did nt even show what that pattern looked like.
ECHO echo echo
All too common and have lost due to not looking at the big picture…
Great vedio..
Yes! I do believe in it. Because it happen to me on Friday, good thing I'm doing paper trading and not real money…
Hi Tim, I am a new trader. I have a question.
Can you teach me somewhat about Public Offering and Warrant?
What is that? and Why I should care about that?
For today's example:
Why a Company like VISL is on the way of "high price" do Public Offering which make the price come down?
Why price come down after doing Public Offering?
Tim- I just have to say I am so happy, impressed, and excited with the quality and content of the training videos you put out- I have been following and studying Sykes for 4 years now and the contributions that you and Ben have made to the content, organization and presentation of materials KUDOS to you all- huge help for those learning
thanks for the vid
I tried it a couple times in the beginning and I was terrible at it. So I never do it anymore. Breakouts and breakdowns are what I'm good at. I pretty much only trade breakouts now. Also don't tag PETA in a dead cat bounce joke unless you wanna get blown up with notifications and get reported. Found that out the hard way 😂
Hey Tim I'm curious as to what sets stocks like CEI apart from GTBP? Wouldn't CEI be considered a dead cat bounce with its horrible long term charts? I'm a beginner trader and you have already taught me so much thank you.
Thanks Tim, important to remember about the long term past. I have traded these patterns but will never risk overnight!.
Hey Tim,
can you msg me on on how the stop loss works on STT please.
Must be talking about cei !!! Thanks Tim
Have you traded a chart pattern like this? Have you traded that day one bounce on a stock that has been down trending for five plus years? Has it worked for you? Do you believe in the dead cat bounce pattern?