Stupid Simple (& Effective) Day-Trading Patterns for Beginners

In day trading, you'll hear A LOT about patterns. And it’s true that as a trader, you need to learn to recognize the best patterns. Today, Tim Bohen has three of the best, simple patterns you should look for. 🔴 Subscribe for more free Stock Trading tips:    / stockstotrade   Share this video with a fellow Trader:    • Stupid Simple (& Effective) Day-Trading Pa...   ✅ Links we mention and recommend: Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/ Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist Check out the SteadyTrade podcast: https://steadytrade.com ✅ Recommended video:    • Candlestick Patterns: Two to Trade & Two t...   ✅ 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 Effect   StocksToTrade Software Tips and Tricks:    • 5 StocksToTrade Features That Will Save Yo...   Weekly Trading Recap Videos:    • Stock Watchlist and Live Trading Recap May...   ✅ Follow StocksToTrade on social media: Instagram:   / stockstotrade   Facebook:   / stockstotrade   Twitter:   / stockstotrade   Let’s start with a pattern I love as a day trader. You’ll spot this one early in the day — it's called the ‘dip and rip.’ So say you're getting ready for the trading day and you see a stock that’s up early, maybe on news. So here’s why it’s called the dip and rip ... Right before the market opens, it spikes to a new high of the day, then dips hard into the market open. The beauty of this pattern is that you waiting for strength. You wait for it to reclaim the high of the day. It dips down — then rips back up on a high volume. Learn this pattern. In my opinion, it’s one of the best and most consistent. So that’s an early-day pattern ... let’s talk about a pattern you’ll see later in the day. In this case, a stock spikes midday, then consolidates at or around the VWAP hold high-of-day set up. That's your entry. Remember, you want clearly defined entries and exits. Your entry is that new high of day from the morning's level, and your stop is a VWAP fail. Now, you're probably not gonna sell exactly at the top, but you can see a clearly defined risk versus reward. The last for today can be great for swing trades and momentum trades. It’s called the ‘weak open red to green.’ This is a stock that spiked big the day before. One reason you should run scans every day is to look for those big gainers. You're looking at this the night before … Markets are closed and you can't trade … But you're making your plan for the next day. So this is a stock that ran big on news and closed near the high of the day. Then the next day, you're looking for this stock to prove itself and show you that it can continue to run. And the key to that is that red open. So the stock opens before, or below, the previous day's close. Then, soon after the open, it goes green on the day. That shows you that the buyers are showing up for a second day in a row. It gives you clear entries. Remember KISS: keep it simple, stupid. Simple setups can be easier to spot and learn. So check out the dip and rip, the VWAP hold high-a-day, and the weak open red to green. I think they are the three patterns that can help you find consistency. #StocksToTrade #DayTrading #Patterns ---------------------------------------------------------------------------------------------------------------- *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.