Trader's Expo: Identifying Trends and Trading Hot Sectors
March 25, 2019
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34:01Now PlayingTrader's Expo: Identifying Trends and Trading Hot Sectors
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TITLE: Trader Expo: Identifying Trends and Trading Hot Sectors
DESCRIPTION:
Today’s video is a special treat! Check out Tim Bohen and me at the TradersEXPO in NYC this past month.
We get a lot of questions ... Why did I get into penny stocks? How do we track trades? How do we find the next hot sector? We discuss all that and more in this exclusive video.
There’s no short-cut to success. But the best place to start is with your education. You can learn how to find the next hot sector, trade hot and volatile stocks, and focus on repetitive patterns. It takes time, dedication, and practice.
You might think of me as a full-time trader, but I like to call myself a retired trader. Why? It’s all about the mindset. It allows me to be patient and trade only when I find a great trade.
Don’t let brokers fool you: You don’t necessarily need to make a lot of trades. In fact, sometimes it’s quite the opposite. That can be a benefit of penny stocks.
So how do you locate the next hot sector? Study stocks and news. Keep it simple. Look at biggest percent gainers every day.
Look for breakouts that have news. Here’s one of the things I like about penny stocks: you don’t have to be at your computer when news breaks. But that doesn’t mean you can slack off. You have to study and prepare.
No matter where I am in the world, I always follow the market, searching for that next big ticker.
Bohen looks at stocks every night using StocksToTrade’s scanners. He keeps a journal of what’s moving and why. Here’s his advice: “Learn, study, track.”
What are your go-to trading patterns? What hot sectors do you trade? Leave a comment below and tell me how you find your next big trade!
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
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