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One of the first rules in trading — especially with volatile stocks — is to manage your risk and keep your losses small. In this video, Tim Bohen talks about a technique that can help you from getting stopped out on trades that ultimately end up working. This is important — tune in!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/UYYPG21EHn8
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.info/3koatD5
🔴Get our FREE weekly watchlist here: https://stockstotrade.info/3hO9pH3
🔴Traders Blueprint Free Guide: https://stockstotrade.info/33yhwSO
🔴Check out the SteadyTrade Podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/Nk6TigGBz24
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
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Stop loss orders — how do you use them and what tricks can help you maximize them?
With volatile stocks, you don’t want to overstay. But these stocks can be choppy. That means you get stopped out ... only to see the stock reverse and the trade work out as you thought. So frustrating!
How can you avoid this mess? You have to set smarter stop levels.
First, you want to avoid all obvious stop-out points, basically when a stock goes red … That’s especially true on low-volume plays.
When you calculate entry and exit points, you need to keep these obvious stops in mind. Also, you want to properly size your position … Don’t size in too much.
Bohen has a great example in this video. Tune into to see how he breaks it down with Workhorse Group Inc. (NASDAQ: WKHS).
You must pay attention to volume when you set your stop losses. So avoid low-volume premarket levels. And try to avoid whole-dollar/half-dollar prices — a lot of traders set their stops there.
When you’re dealing with highly volatile stocks, you have put more thought into your trading plan. If you just pick a stop, you risk getting booted out of the trade and missing it altogether.
You want to build your account, get over the PDT, and work toward your goals, right?
If you constantly get stopped out, you can get frustrated. And that can drain your energy and confidence. Or it might cause you to overtrade or revenge trade. Avoid that at all costs!
The snowball effect can be detrimental to your account and your mentality. So plan ahead. Prepare. Use these tips to help you stay focused and maximize your consistency.
#StockMarket #StopLoss #DayTrading
*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.
🔴 Try StocksToTrade for $7: https://stockstotrade.info/3koatD5
One of the first rules in trading — especially with volatile stocks — is to manage your risk and keep your losses small. In this video, Tim Bohen talks about a technique that can help you from getting stopped out on trades that ultimately end up working. This is important — tune in!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader: https://youtu.be/UYYPG21EHn8
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.info/3koatD5
🔴Get our FREE weekly watchlist here: https://stockstotrade.info/3hO9pH3
🔴Traders Blueprint Free Guide: https://stockstotrade.info/33yhwSO
🔴Check out the SteadyTrade Podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/Nk6TigGBz24
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
Stop loss orders — how do you use them and what tricks can help you maximize them?
With volatile stocks, you don’t want to overstay. But these stocks can be choppy. That means you get stopped out ... only to see the stock reverse and the trade work out as you thought. So frustrating!
How can you avoid this mess? You have to set smarter stop levels.
First, you want to avoid all obvious stop-out points, basically when a stock goes red … That’s especially true on low-volume plays.
When you calculate entry and exit points, you need to keep these obvious stops in mind. Also, you want to properly size your position … Don’t size in too much.
Bohen has a great example in this video. Tune into to see how he breaks it down with Workhorse Group Inc. (NASDAQ: WKHS).
You must pay attention to volume when you set your stop losses. So avoid low-volume premarket levels. And try to avoid whole-dollar/half-dollar prices — a lot of traders set their stops there.
When you’re dealing with highly volatile stocks, you have put more thought into your trading plan. If you just pick a stop, you risk getting booted out of the trade and missing it altogether.
You want to build your account, get over the PDT, and work toward your goals, right?
If you constantly get stopped out, you can get frustrated. And that can drain your energy and confidence. Or it might cause you to overtrade or revenge trade. Avoid that at all costs!
The snowball effect can be detrimental to your account and your mentality. So plan ahead. Prepare. Use these tips to help you stay focused and maximize your consistency.
#StockMarket #StopLoss #DayTrading
*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.
Where is video that answers question of how to set stop loss
Thank u for the video and all your help
Yes I cut loses to soon
I usually keep my stoploss at -2% and my take profit at 10%. the issue im having is I always get stopped out on a slight dip and then it rips and I have no positions.
I would definitely go to the half whole dollar
Great video, thanks so much for doing this. This is one of my biggest mistakes getting taken out early and then watching the stock go ballistic. Going to join your STT soon and so look forward to getting your live video's. I'm sure it will turn me into a better trader. Keep up the good fight Sir.
Underrated tip here, thanks Tim!
Another video lesson. Down
You are the best teacher
This certainly is a big help, thanks Tim
You look like Jeff Sokol in the thumbnail
thank you for the tip- No I would not have put a stop at a whole number or half dollar. I like that idea though bc it makes you a little different with finding you niche.
Great Video. I've learned this approach from you and I use it to set my stop limit, limit sales order and target (goal). I use you process with the Oracle S&R levels available with the STT Platform. Yes, you can draw your own S&R lines, buy Why? Use the Oracle Tool with the STT Platform.
Yep I was putting my stops in obvious places when I started. I was obsessed with 10 cents stops with full position, then I switched to 30 cents stops with 1/3 position and added to my position if stocked moved in my direction. That helped a lot.
Position size!!! I love that tip about do not have too big of a size! Thank you!
I have seen the pattern you talk about regarding stops at obvious 1.00 or .50, and I now put my stop losses at like 4-8 cents below what I originally predict (factoring in risks too ofc!).
Thanks Tim, what a excellent video, your awesome.
Do you recommend moving stops up with profit
I learned something. I try not to use stops. Thank you.
As a member of the steady trade team it is well worth the investment of time to be a member.
Hi my name is Paul from Delaware I’m still studying
Is there a stop loss option for AH or PM in the STT software? Through what broker?
Thanks Tim!!! I have not used stop losses. what do you think of mental stop losses?
I actually was focusing on those obvious areas Tim. Now I know to put some more thought into this area because it has hurt me. Thank You.
Thanks, Tim, Yet another great piece of content that connects the dots and really breakdown these concepts. Keet up the great work man!
Amazing Video. This will definitely help my trading. Thank you for sharing your knowledge Tim.
Why would you get stopped out in the pre-market? I thought you could only use limit orders in the pre-market?
Great video lesson tbohen. I am in the SteadyTeam team and loving it!! Learning so much and my trading is improving!
Volume tip was golden!!