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Hate sideways stocks? Can’t blame you — they’re boring! That’s why so many traders love momentum stocks. But what are they and why should you care about these stocks? And what about potential drawbacks? That’s a lot of questions … Tune in for Tim Bohen’s answers!

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You gotta tune in for today’s chart example on Greenland Technologies Holding Corp. (NASDAQ: GTEC). This stock ultimately ended up being a failed dip and rip, but you can see the potential.
Now, with momentum stocks it can look like there’s no top in sight. We call this a blue sky chart. You may have also heard the term bag-holder chart … This is a long-term downtrending chart with a weak bounce.
Basically, some traders buy the stock, then it just goes red every day. So the traders who held are upside down. If this stock bounces, even a little, bag holders sell.
Here’s what's great about stocks like GTEC, or other 52-week breakouts … It's all blue sky above. That's why we love IPOs and SPACs, and most of the time they're in hot sectors.
If a stock’s at all-time highs, nobody’s red! So everybody buys more. That's why breakouts work.
Even the ‘real’ stocks are moving in this market, which is attracting more buyers.
The more buyers, the better. Supply rules markets. More buyers mean higher potential for the higher prices.
But, of course, there are some downsides!
While stocks being up a lot can be a great thing, it’s also a double-edged sword. What goes up must come down. This is why it’s essential to always have a trading plan and stick to it!
Tune in for the biggest drawback of these momentum stocks and how discipline plays a huge role.

#StockMarket #Trading #Stocks
*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

where the coffee is hot and so is the chat

10 thoughts on “The pros and cons of trading momentum stocks”
  1. Avataaar/Circle Created with python_avatars Michael Machos says:

    New sub here!

  2. Avataaar/Circle Created with python_avatars G B says:

    Very honest & candid Intro to Momentum Stock Trading! Thanks, TB !

  3. Avataaar/Circle Created with python_avatars theoriginalsru says:

    Watched this video 3/3/2021 – Bohen is the man

  4. Avataaar/Circle Created with python_avatars Christopher Longstreet says:

    🎸🔊🎶 Awesome! Thanks!

  5. Avataaar/Circle Created with python_avatars Maybe Later says:

    Great educational video and thanks for sharing this with me

  6. Avataaar/Circle Created with python_avatars Phillip Rothman says:

    Can you tell me if this $JBZY stock is something to get into, it’s extremely low float and has a ton of shorted shares that are still out?

  7. Avataaar/Circle Created with python_avatars nazibul hasan says:

    do u have any video how to buy and sell on STT, I am really struggling, i don't find any option and where is stop loss option, the software doesn't seem to be user friendly ….. is that waste of time, money and energy?

  8. Avataaar/Circle Created with python_avatars Testakleez says:

    I learned a few things from this video. Thanks Coach!!!

  9. Avataaar/Circle Created with python_avatars UruSama says:

    Learning real fast that lack of discipline only brings you red. Since I started, almost every time I bent the rules of my plan thinking I was being clever, I paid for it. Now once a trade is in motion I consider my plan to be set in stone for better or worse. Sometimes it’s really hard but that discipline is the only way your profits won’t get eaten alive in the heat of the moment.

  10. Avataaar/Circle Created with python_avatars Okx Jeanty says:

    Yesssuuhhhh

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