You hear almost every trading instructor say it: Look at charts. What’s the big deal with stock charts? What exactly are you looking for and how do you start? In today's video, Tim Bohen give you the lowdown on charts and shows you how to find breakouts.

🔴 Subscribe for more free Stock Trading tips:    / stockstotrade  

Share this video with a fellow Trader:    • How to Identify Breakouts in Trading ...  

✅ 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:    • How to Trade Late Day Volume Spikes  
✅ Recommended playlists:
Stock Trading 101: A Day Trader's Guide:    • Top 5 Costly Mistakes New Traders Make  
Advanced Stock Trading Tips:    • How To Capitalize With The January Ef...  
StocksToTrade Software Tips and Tricks:    • 5 StocksToTrade Features That Will Sa...  
Weekly Trading Recap Videos:    • Stock Watchlist and Live Trading Reca...  

✅ Follow StocksToTrade on social media:
Instagram:   / stockstotrade  
Facebook:   / stockstotrade  
Twitter:   / stockstotrade  


Some charts show a smooth, slow-moving stock. Don’t think slow is necessarily bad. Slow-moving stocks can be great for small and part-time traders. They don't make crazy volatile moves — you don’t always have to watch them so closely.

Here’s another misstep lot of newer traders make: They strictly focus on the intraday chart. That’s just part of one day. You should look at multiple time frames — one day, one week, one year, five year.

You need to study the history of a stock. History doesn't repeat but it often rhymes.

stocks that make multiple moves tend to continue to make multiple moves. Look for stocks that have a past pattern of spiking, consolidating, and breaking out again. That's one of the biggest things that can help you find the next best stock.

So, how do you break this process down? With your daily screeners!

Run your scanners to find those big percent gainers of the day that are closing near the high of the day. You want to see unusual volume, a strong stock, and a big percent gainer with news closing near the high of the day.

Then check to see that it consolidates for a few days and is primed to break out. Use those multiple time frames. That's key.

Basically, you're you're finding ideas on today's chart. Then you confirm over multiple time frames. That tells you there's past performance and can confirm it’s not just a random spiker (just remember that past performance is not a guarantee of future results). Then you start making your trading plan — that can help you stay out of mediocre trades.


#StocksToTrade #StockMarket #TradingCharts
----------------------------------------------------------------------------------------------------------------
*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.