Having a trading plan with a clear goal is essential … But sometimes you won’t hit your goal. That doesn’t mean you can’t exit the trade green. Avoid turning a winner into a loser with this simple and effective technique. Tune in as Tim Bohen breaks it down.

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Sticking to your trading goal is important, but you can’t overstay your welcome either — especially on the morning dip and rip pattern.

Have you heard of the 5-minute candle theory? This technique can help you exit a trade before hitting your goal, while potentially collecting a profit.

Catch the video for a chart example on Transcode Therapeutics Inc (NASDAQ: RNAZ). There’s always a ton of excitement around IPOs, and this one just started trading in July.

It’s a low float stock with great volume, and the company dropped a press release. So it’s checking off all the boxes. Where would you base your entry on this?

Tune in to find out!

And see where you can set your risk. (You should be aiming for that 3:1 risk/reward.)

But what should you do if you get a red candle?

Maybe you haven’t hit your goal yet, but you’re green on the trade. How can this play out without breaking even or taking a loss?

Sometimes the best offense is a good defense. Watch this video and learn with Bohen!

Remember, you want to look for predictable setups that you can nail and repeat. These add up over time and help build a small account.


#StockMarket #Trading #Stocks
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*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.