How to Find the RIGHT Multi-day Breakout Chart Patterns

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Is it a multi-day breakout ... or just a flash in the pan? It’s all about that chart, the news, and your own research. Bohen and I break down how to find these patterns. Check it out!

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We hold this truth to be self-evident in penny stock trading: when one junker stock runs, more can follow.

So how can you separate the winners from the losers? How can you get a sense of whether a stock will be a multi-day breakout or a flash in the pan?

In this video, I’m presenting at TradersExpo Chicago with Tim Bohen, the lead trader at StocksToTrade.

We’re talking about a few recent runners –– PCTL and TTCM –– to illustrate how a stock chart can play out following a breakout.

Patterns can look the same and then deviate. So while it’s important to anticipate what could happen, you also have to stay in the here and now when looking for a breakout.

... or as Bohen puts it, “we don’t anticipate, we react.” That’s to say –– you don’t jump in hoping for a breakout. You react to the evidence that’s already there.

Remember: you need everything to line up to make a smart trade ... So there could be volume and news...

But if there’s no price action, beware.

Don’t get confused. Don’t be a fool.

Learn why you need to trade like a sniper. Get in and out of trades. Watch your small gains add up.

Here’s what you don’t do: fall in love with the company. Seriously. With some of these penny stocks, I could buy the company right now if I wanted to. But I don’t. Most of them are junk!

And don’t buy a random stock that’s spiking for no reason. Do your research.

We talk about the dangers of stock-pick emails ... They might tell you what to buy, but they don’t tell you why.

You know what? I don’t even want you to follow my personal picks. I only share them because I want to show you the process. But you have to learn to do your own research independently.

Find out why no stock is good enough to risk your hard-earned cash with no good reason. And learn what to look for in a chart for a multi-day breakout pattern.

How do you play multi-day breakouts? Leave a comment and let me know what you look for!

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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.*

* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here