Separating the Strong from the Weak Using Stock Charts
Strengths and weaknesses are something you'll often hear with charting. Tim Bohen is here to explain why you should look at one over the other. 🔴 Subscribe for more free Stock Trading tips: / stockstotrade Share this video with a fellow Trader: • Separating the Strong from the Weak U... ✅ Links we mention and recommend: Try StocksToTrade for $7: https://bit.ly/33u2Tz2 Get our FREE weekly watchlist here: https://bit.ly/2yW4jUO Check out the SteadyTrade podcast: https://steadytrade.com ✅ Recommended video: • How to Use Twitter to Help Your Tradi... ✅ 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 Let’s go over strong charts and weak charts. You want to look at daily charts, weekly charts, monthly charts. When talking about support and resistance — strength and weakness — you basically boil it down to an up trending chart versus a down trending chart. And the reason you want to focus on this is, if you're looking to buy stocks that are breaking out, pushing new highs late day, that may gap up, that may look to be swing trades, that could continue for multiple days… we wanna see strength. Remember, know your candle sticks. Look for strength… that higher low. Each opening candle is higher than the previous candle's low, than that higher high. So the closing of the candle is above the previous closing candle. That would be considered a strength. Weakness is that lower lows and lower highs, a down trending chart. This is more if you're looking to short sell. If you've got a stock making lower highs, lower highs getting ready to break support, that's your short area. That's your weak chart. It's a good thing to know these different patterns, this different terminology. It may seem basic, but these things can commonly be misunderstood. If you're long bias, focus on those strong charts. If you're short bias, focus on the weak charts. And if vice versa, if you're short bias, avoid shorting an up trending chart. You might get lucky sometimes, but you're more likely to get in trouble. Vice versa, if you're a long bias trader, avoid trying to bottom feed. In momentum stock land, a lot of these stocks never come back so avoid those down trending charts. #StocksToTrade #StockCharts #DayTrading ---------------------------------------------------------------------------------------------------------------- *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.
