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Welcome to the new year! 2020 was certainly a rough ride … But it was a wild year for trading, and Tim Bohen thinks things will only get wilder. Ready to rock your 2021 trading? Tune in now for Bohen’s 21 essential trading tips.
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Be sure to tune into the video for ALL 21 tips and start 2021 on the right foot!
Let’s look at a few top tips to get you started…
What’s the number-one thing you can do to help improve your 2021 trading? Focus on as few chart patterns as possible. Tune in for the patterns Bohen thinks are more worthy of your attention.
Be sure to only look at the biggest percent gainers! Trade strength, big gainers, and big movers.
Also, understand that you will miss opportunities, and that’s OK! It happens to every trader. There will be plenty more right around the corner.
Don’t ever neglect this one … Volume is king. The greatest thing about the most liquid stocks is you know you have the most buyers involved. That can mean a higher likelihood of continuation — and that you can more easily get in and out of the trade.
Remember, these stocks move fast. You must always have a trading plan!
And if your trading plan doesn’t work out and you find yourself on the downside of a trade, cut your losses quickly.
Keep a trading journal too! Writing down all the details can help you identify your strengths as well as your weaknesses.
Don’t forget to take profits. There’s so much volatility — it’s reckless to aim for home runs. Trade in and out and nail your goals along the way.
If you’re going to take trading seriously, you need to make some sacrifices. Turn off Netflix, tune into our Pre-Market Prep every morning, and maybe even find a mentor.
There’s so much to learn and there’s always room for improvement. Use your time wisely.
#StockMarket #Trading #Stocks
*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.