π΄ Become Tim's Next Student, JOIN my Challenge: http://bit.ly/2LEAC1m π€ππ» EXPAND DESCRIPTION for more LINKS ππ»π€ Is it a multi-day breakout … or just a flash in the pan? It’s all about that chart, the news, and your own research. Bohen and I break down how to find these patterns. Check it out! LINKS Mentioned: π΄ Learn more about TradersExpo: http://tradersexpo.com π΄ Here’s where you can find my co-presenter Tim Bohen: http://stockstotrade.com ππΌGet my FREE weekly stock watchlist here: https://timsykeswatchlist.com/ ππΌSUBSCRIBE: https://bit.ly/2MDNeVq to get INSTANT alerts when I post a new video outlining my penny stock trading techniques.* β
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Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R We hold this truth to be self-evident in penny stock trading: when one junker stock runs, more can follow. So how can you separate the winners from the losers? How can you get a sense of whether a stock will be a multi-day breakout or a flash in the pan? In this video, I’m presenting at TradersExpo Chicago with Tim Bohen, the lead trader at StocksToTrade. We’re talking about a few recent runners –– PCTL and TTCM –– to illustrate how a stock chart can play out following a breakout. Patterns can look the same and then deviate. So while it’s important to anticipate what could happen, you also have to stay in the here and now when looking for a breakout. … or as Bohen puts it, “we don’t anticipate, we react.” That’s to say –– you don’t jump in hoping for a breakout. You react to the evidence that’s already there. Remember: you need everything to line up to make a smart trade … So there could be volume and news… But if there’s no price action, beware. Don’t get confused. Don’t be a fool. Learn why you need to trade like a sniper. Get in and out of trades. Watch your small gains add up. Here’s what you don’t do: fall in love with the company. Seriously. With some of these penny stocks, I could buy the company right now if I wanted to. But I don’t. Most of them are junk! And don’t buy a random stock that’s spiking for no reason. Do your research. We talk about the dangers of stock-pick emails … They might tell you what to buy, but they don’t tell you why. You know what? I don’t even want you to follow my personal picks. I only share them because I want to show you the process. But you have to learn to do your own research independently. Find out why no stock is good enough to risk your hard-earned cash with no good reason. And learn what to look for in a chart for a multi-day breakout pattern. How do you play multi-day breakouts? Leave a comment and let me know what you look for! β
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