Finding the Best Patterns to Trade With Tim Bohen

Finding the Best Patterns to Trade With Tim Bohen
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    - What's up, Tim Sykes, millionaire mentor and trader here
    presenting you with a very interesting video
    of my student, Tim Bohen.
    He's a part-time trader, a family man, very disciplined.
    Learn from his experience.
    (dramatic violin music)
    - So when you talk about patterns,
    you know I am not necessarily a pattern trader.
    I do look at the chart pattern.
    I look for a consistently repeatable chart patterns.
    But when you talk about set up,
    I like to look for as many variables.
    You'll hear me say, building the case.
    Or the components of the recipe.
    So I look for the pattern,
    but I look for the fundamentals
    to help reinforce that pattern.
    So there's a lot of strictly technical traders out there.
    They don't care what the price of the stock is.
    They don't care...
    A lot of these guys I mean
    they don't even know what the stock does.
    They look at these things as trading vehicles.
    It's strictly a ticker.
    It's all it is.
    And it's a way to make money.
    And I'm not saying that's not the right way to go,
    and I know a lot of successful strictly technical traders,
    but for me, I like to wrap my hands around the idea.
    That's where I call my approach,
    and I didn't coin this but,
    I'm more of a techno-fundamental trader.
    So, first thing I find is that chart pattern.
    That's where we scan for with Stocks to Trade.
    That's what we scan for with all these tools.
    Then when I find that pattern,
    I wanna dig deeper and start building that case.
    So, back to the question,
    what's my favorite set up?
    Right now, fall 2018,
    it's a marijuana or a cannabis related stock
    that's in a hot sector.
    We don't always have hot sectors.
    But typically three to four times a year you get one.
    So right now I wanna stock
    that's in the cannabis-marijuana et cetera sector
    that's been up big on the day,
    it's trending up big, up 10, 20, 30% on the day,
    has news.
    That's where the fundamentals come in.
    There's 16,000 publicly traded stocks.
    Not all of them have news every day.
    Maybe 100.
    Maybe 15.
    When you drill down to the cannabis sector,
    maybe there's one or two each day.
    You'll see that in the coming weeks more and more.
    But I wanna dial in on those
    and then I wanna digest that news and say,
    okay, is this something that's, air quotes, legitimate?
    A lot of these press releases
    are very fluffy, very manipulative.
    But I'm looking for real numbers, real partners.
    ACBFF is a stock ticker
    that's probably my main watch for this coming Monday,
    was exactly this on Friday.
    It was up big.
    Coca-cola is considering investing in them.
    It trended all day and it broke late day.
    So now when I talk about the set up,
    it's that.
    So stock up big, with news, in a hot sector
    that's held those gains all the day,
    is primarily pinned
    to VWAP,
    volume weighted average price.
    That's a technical indicator that I love, I use,
    I recommend everybody else uses.
    That stock's above VWAP.
    Into that 2:00 p.m. late day move, you wait for the volume.
    These are the stocks that tend to spike that day, late day,
    and then continue the next day.
    Which are great trades if you're new
    and under the pattern day trader rule.
    So, your variables might be different.
    Maybe you looked at other things.
    Maybe you look to short these stocks late day.
    But the biggest piece of advice I could give is,
    don't just trade the chart.
    Don't just trade the news.
    Put them together, have a process,
    and really make yourself fall in love with that stock.
    You can't trade them all.
    I use this saying all the time, and I didn't coin it.
    I think it's a Chinese proverb but,
    he who chases many rabbits catches none.
    You need to drill down into as few stocks as possible,
    and focus on those.
    - Hey, Tim Sykes, millionaire mentor and trader.
    Thank you for watching my videos.
    I hope that they help you.
    I wanna 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.
    Missed our exhibition? Check out this video by SUTV where students of Swansea University spoke to some of those exhibiting and trading at the show. Now back to planning for 2019's Exhibition 📑📝 Silicon Valley Bank — the closest thing to a FANG stock in the banking sector — failed to wow investors with its third-quarter results, and its shares fell 9 per cent in late trading. #louisvuitton #new 👑 NGUYEN HA MY HANH 👑 #VipBestHightQuaility Order 5-7days ⚜️ Standard 1: 1 compared to authenic bag ⚜️ made of genuine leather imported ⚜️ size, weight, line precision stitching ✔️France bill -bill hongkong , full box , dustbag . ☎️Hotline : 0388341383 💳🏧Trading Account : ✔️Ngân hàng Vietcombank STK : 0961000021117 CTK : NGUYEN HA MY HANH CHI NHÁNH ĐÔNG ANH - HÀ NỘI When Texas troubadour Lyle Lovett and Indiana-born John Hiatt launched out together for an acoustic series of tours, sharing the stage and trading songs, they were embarking on an extension of the old guitar-pull tradition that helped to begin the era of the singer-songwriter in late '50s and early '60s. It was an idea also drawn from past gigs at Nashville's Bluebird Café and Austin's Cactus Café. Both artists also toured with a series of national shows that included both artists Guy Clark, Townes Van Zandt, John Stewart, and Steve Earle. Read more: Ty Lue fired Desean Jackson ask for a trade Raiders said they not trading carr And it's only 11:45am Still the Movement Years later still getting Paper 💰 ain't no trading us 💯 #D4L #MBB Back in the 90's I rocked out this squire with a humbucker, I moved the volume knob, and painted the pick guard. I ended up trading it off, and then yesterday I saw it in a pawn shop. Best commercial during Eagles game so far! 😂 🤣 🦅 After trading for Amari Cooper, what's on deck for the Dallas Cowboys in the 2019 NFL Draft? Great People feature on our co-owners Carter Oosterhouse + Amy Smart. Cheers to that Michigan peace + harmony! For anyone that's visited us at the winery, you can definitely feel their style throughout; kind of makes you want to hang out and grab a glass of wine, you know? #bonobowinery #betterwithbonobo #midwestliving #beautifulinteriors
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