As a new or intermediate trader, you should focus on a minimal amount of setups. Today, Tim Bohen will talk about one particular setup you should always scan for. And, of course, you can easily use it on the StocksToTrade platform...
๐Ÿ”ด Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade

Share this video with a fellow Trader: https://youtu.be/vobikNqIOJA
โœ… 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

โœ… Recommended video: https://youtu.be/N7WDqniunY0
โœ… 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

โœ… Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade

Are you a new or intermediate trader? Chew on this: You should be looking for low-priced stocks โ€” $1 to $10 โ€” breaking out on the one-year chart in a hot sector and with news.
As a newer trader, you can't trade five times a day. Maybe youโ€™re under the PDT, or maybe you have a job or other commitments. But even if you can't sit in front of the trading screens eight hours a day, you can still scan for this setup.
Start out by running a 52-week scan in that price range and be sure to include stocks that trade over a million shares a day. This gives you a handful of stocks from thousands of publicly traded stocks ... You can't research thousands of stocks. But you can certainly research a handful.
So let's say you've narrowed it down to about five stocks. The next thing you want to check is if any of these stocks have news. Is there a reason for the movement? Sometimes stocks move on no news โ€ฆ Avoid those.
Look for that stock that had a contract win, earnings news, a new product, FDA approval, and so on.
Now maybe youโ€™ve narrowed your handful of potential stocks down to two. The last criteria you should check out is the sector. If your remaining stocks are also in a hot sector, you've got a great potential to find a profitable trade โ€” and now you've checked all five of those boxes.
Thatโ€™s one of the best setups you can look for. Will you catch one every day? Nope. But as a new trader, you canโ€™t always trade every day. Nor should you. I want you to focus on the minimal amounts of setups. That's a key way to grow your account over time.

#StocksToTrade #DayTrading #StockCharts
*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

26 thoughts on “Traders: if you only trade one chart use this…”
  1. Avataaar/Circle Created with python_avatars Jonathan Payne says:

    How do you find hot sectors?

  2. Avataaar/Circle Created with python_avatars Julio Corona says:

    Very helpful i want to leave my job eventually to become a full-time trader. How would you do this. I'm already studying the vip homework and gonna practice paper trading on stt.

  3. Avataaar/Circle Created with python_avatars Jared Anwyl says:

    How do you know if its at a resistance of that high or will keep going?

  4. Avataaar/Circle Created with python_avatars Moko Arlyana says:

    News: what kind? I look for news on StocksToTrade but sometimes the latest news on the stock I charted. What do I do then?

  5. Avataaar/Circle Created with python_avatars Nick Slates says:

    Thanks Tim

  6. Avataaar/Circle Created with python_avatars Glen Huff says:

    Thanks so much for all your help. Where do you suggest finding news on penny stocks? I'm new and having trouble finding a good source. TIA

  7. Avataaar/Circle Created with python_avatars JeanPaul Antonio Towers says:

    Not trading yet just studying

  8. Avataaar/Circle Created with python_avatars richie john says:

    hi tim,what is criteria condition used to find stocks which are getting close to 52week high in stockstotrade…please let me know ๐Ÿ˜ž

  9. Avataaar/Circle Created with python_avatars Free Trader says:

    Great job. I trade the 52 week break out or break down.

  10. Avataaar/Circle Created with python_avatars Anton Wilson says:

    Awesome video Tim, very simple and helpful! Thanks always!!! ๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž

  11. Avataaar/Circle Created with python_avatars Julio cu says:

    I trade the setup is my favorite.

  12. Avataaar/Circle Created with python_avatars ะั€ั‚ะตะผ ะ—ะฐัะฝั‡ะบะพะฒัะบะธะน says:

    Thank you a lot!

  13. Avataaar/Circle Created with python_avatars Jeffrey Marley says:

    Mr Bohen, your pattern is my favorite as of now. Great video for me as I am not yet trading and this is what I need to start tieing all the basics together and thinking more about the pre trade analysis. Just getting to making my rules, trading plan, risk analysis, and stock analysis. I will be looking if you or Sykes has material on how to quantify what my risk is before a trade. Thank you so much for putting all the info out there.

  14. Avataaar/Circle Created with python_avatars Richard Hartman says:

    Late day vwap hold into a break of the high has worked for me

  15. Avataaar/Circle Created with python_avatars glenn baker says:

    Yes to my this setup

  16. Avataaar/Circle Created with python_avatars Naiidzeel NA says:

    I love the Dip Buys, and the gap up Break Outs!! No shorting for me, Iโ€™m gonna need another year of practice for those set ups.

  17. Avataaar/Circle Created with python_avatars Leinani says:

    Thanks for this Tim ๐Ÿ™Œ๐Ÿพ๐Ÿ™Œ๐Ÿพ๐Ÿ‘Š๐Ÿฝ๐Ÿ‘Š๐ŸฝVery helpful!!

  18. Avataaar/Circle Created with python_avatars trevor toerien says:

    havent started trading yet, but am i exited and eager to know more and start my journey. thank you for breaking it down to simply.

  19. Avataaar/Circle Created with python_avatars Victor Shvecov says:

    I usually dip buy reisitance on second day big % gainers (with almost the same stocks scanning criterias, that you talking about) ๐Ÿ™‚

  20. Avataaar/Circle Created with python_avatars BJP says:

    How do you determine which sectors are hot?

  21. Avataaar/Circle Created with python_avatars David Lessard says:

    I use the cup and handle set up mostly.

  22. Avataaar/Circle Created with python_avatars razzy p says:

    Check Thai hot sector chart ..is it in an up trend!
    Oh yeah!

  23. Avataaar/Circle Created with python_avatars justin carl says:

    Thank you for you help. This was so simplified. Love all of your video lessons. I will definitely check out stocks to trade.

  24. Avataaar/Circle Created with python_avatars John Trantzas says:

    morning panics are defiantly my favorite and most profitable for me.

  25. Avataaar/Circle Created with python_avatars Rick Fx says:

    Tim this is useful information right here in this channel!!, this is a lot of value!!!, thank you very very much…๐Ÿ™๐Ÿฝ๐Ÿ™Œ๐Ÿ‘๐Ÿผ๐Ÿ‘๐Ÿผ๐Ÿ‘๐ŸผIโ€™m sticking here for as long as I can. Iโ€™m fighting in growing a very small account in Robinhood, hopefully bad executions arenโ€™t part of my journey but I need to try at least…Blessings for the channel and for all the Team!!!๐Ÿ™๐Ÿฝ๐Ÿ‘๐Ÿผ๐Ÿ‘๐Ÿผ๐Ÿ‘๐Ÿผ

  26. Avataaar/Circle Created with python_avatars StocksToTrade says:

    Do you trade this setup? Has it worked for you?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.