Steady Trade: The Profitable Side of Trading

The Truth Behind the Wolf of Wall Street Ways to listen to the new Steady Trade podcast. * iTunes (preferred). Click Here *make sure to subscribe! * Youtube.  Click here   Steady Trade Podcast Episode 6: Season Review, How to Execute a Trade & The Truth Behind the Wolf of Wall Street Once upon a time, there were two guys. One was Tim Bohen, a skilled, experienced trader from StocksToTrade.com; the other was Stephen Johnson, an enthusiastic student but less experienced trader who wanted to learn the way to success. One day, these two guys started a podcast for people who wanted to learn how to day trade penny stocks, bringing their two unique points of view together to offer an approachable introduction to day trading for all levels of experience. Episode 6 marks the Season One Finale of the Steady Trade Podcast. Here’s where Tim and Stephen bring it all together in an action-packed episode. First, they weave together the lessons learned in the previous five episodes, culminating in the ultimate lesson: how to execute a trade. But wait, there’s more! In the episode, they also offer a trader’s perspective on the movie The Wolf of Wall Street, and announce the winners of the incredible Steady Trade Podcast giveaway! Steady Trade’s Mega-Giveaway Contest: the Winners! The moment of truth has arrived! Tim and Stephen announce the winners of the Steady Trade Mega-Giveaway Contest, which includes a 55-inch Samsung 4k Ultra HD TV, the Dell Inspiron Laptop, an Oculus Rift Virtual Reality Gaming Bundle, Apple watch Series 2, Bose SoundSport wireless headphones, a BIG box of Tic-Tacs, and more. What have we learned? In the previous episodes of the Steady Trade Podcast’s first season, Tim and Stephen have offered an incredible introduction to trading, from explaining what day trading is to an overview of how penny stocks work, how to choose the best stocks to trade, a discussion of how and why stocks move, and how to create a trading plan. By creating a strong foundation with these lessons, you’ll set yourself apart from the many traders who fail due to lack of proper training. You’ll also be preparing yourself for the culmination of these important lessons: how to execute a trade. How to execute a trade. As Tim puts it, “technically, all you need is a 500 dollar laptop and a 500 dollar brokerage account to make a trade. But that does not mean that you’re ready.” Obviously you do need those things, but there’s more to it. Ultimately, the lessons you’ve learned in the previous episodes have been building you up to this point. So how do you actually get to work? In the episode, Tim and Stephen discuss the resources necessary to actually begin trading, from figuring out the best brokerage account to finding a charting platform and more. They also discuss specific things that new traders need to look at before making that first trade, such as monitoring long term charts and tips for how to know when to buy (and when to hold off). They also discuss an important topic: how to determine your readiness to trade. Many traders rush in, but this eagerness without a knowledge base can be their undoing. In the show, Tim and Stephen discuss key tips to now when you’re really ready. Not all of the tips are sexy, but they do deliver sexy results. Steady Trade Movie Review: The Truth Behind the Wolf of Wall Street The movie The Wolf of Wall Street acts as the sum of all knowledge that many people have of penny stock trading. So how true to life is it? The bad news is that the movie made many people associate penny stock trading with dishonest...

Building a Trade Plan Ways to listen to the new Steady Trade podcast. * iTunes (preferred). Click Here *make sure to subscribe! * Youtube.  Click here   Steady Trade Podcast Episode 5: Building a Trade Plan (And Sticking To It) Trading can feel like a jungle sometimes. As a trader, it can frequently feel as if you’re fending for yourself alone in the wilderness, without guidance, training, or a proper map. There are all sorts of pitfalls, dangers, and even lions (OK, maybe not actual lions) that you might encounter, and so part of your job as a trader becomes navigating the uncharted territory, remaining vigilant and above all, remaining safe. But simply surviving isn’t going to make you a millionaire. So the question becomes this: how do you not only survive, but thrive as a day trader? As Episode 5 reveals, what you really need to take your trading to the next level is a trading plan. In the episode, your co-hosts Tim Bohen and Stephen Johnson will talk about the importance of having a trading plan, starting with what a trading plan actually is and then expanding on how to create an effective plan and (this part’s important) how to actually stick with it for long-term success. Do you need a plan? There’s no spoiler here: yes, you need a plan if you want to begin to find reliable success as a trader. Trouble is, few day traders find planning sexy. In Episode 4, Tim and Stephen discussed plenty of sexy stuff: hot stocks, news, and catalysts. This is the type of stuff that can get traders all hot and bothered. While these factors can certainly help in choosing the best stocks to trade, this type of analysis must be combined with a clear-cut plan to deliver the most reliable results over time. Planning: the key to long term trading success As Stephen says, “if you believe it, it’s going to come true”. He trusts his gut and believes you’ll come out with the winning trade. Unfortunately, Stephen isn’t a profitable trader yet. Tim, the man with the plan (and years of successful trading under his belt), disagrees. As he argues, trading isn’t the book The Secret. Hoping and wishing and faith are not bad things, but he prefers a slightly more analytical approach to deliver results. In essence, establishing a trading plan is the way in which to harness the sexy parts of trading and create a roadmap for yourself so that you can have a clear cut plan of attack and an exit strategy for your trade. It helps you go from “hold and hope” to reliable action. If you don’t have a plan, you’re basically gambling. This can help you win here and there, but over time, your losses will exceed your gains, you’ll become frustrated, and move on. Planning is the way that you can create a career as a trader that will span years, not just weeks or months. How to make a plan. As the episode progresses, Tim and Stephen get down to brass tacks and talk specifically about the process of making a trading plan. As Tim reveals, while it may sound like a downer, it’s important to focus on risk first. Trading isn’t a lottery, and you don’t want to gamble, and therefore it’s important to control your risk.   Tim goes on to guide you through the process of taking your scanning of the stock charts (discussed in Episode 3) to the next level by hatching a plan based on your findings that can help you make educated decisions and controlled risks. You need to ask yourself questions like these: where is my stop loss? When will I exit this trade if this stock doesn’t begin to perform how I want? By taking this more approach,

What Makes Stocks Move ? Ways to listen to the new Steady Trade podcast. * iTunes (preferred). Click Here *make sure to subscribe! * Youtube.  Click here Steady Trade Podcast Episode 4: How and Why Stocks Move Stock prices change. That’s easy enough to understand, right? But what’s not quite as easy to understand is how and why they move. What factors determine which stocks will move and which will not, and how rapidly? Furthermore, what are the catalysts that trigger movement? In Episode 3, hosts Tim Bohen and Stephen Johnson discussed choosing the best stocks to trade. In Episode 4, they build upon the subject by exploring the phenomenon of stock movement. What does it mean for a stock to “move”? And further, what factors cause a stock to go up or down in value? As it turns out, it’s not as unpredictable as you might think. By the time you finish listening to this episode, you’ll have a much firmer grasp on how to reliably monitor stock movement. Stock movement 101: looking for spikes As Tim shares in the episode, particularly for new traders, it’s important to focus on stocks that are “up”. There’s no point in trading slow moving stocks if you are just starting or have a small account; it simply won’t deliver the results you want. Therefore, a stock spike is what you’re looking for. If a stock is spiking, there are multiple opportunities to make money on both the up and the downside, both as a buyer and by short selling. But how can you tell if a stock is in the perfect Goldilocks zone where it is spiking, but not too far or too fast? In the episode, Tim and Stephen share their own experiences with approaching a stock spike and offer specific percentages to look for. Catalysts: the key to stock movement A catalyst is the thing that can cause a stock to spike (or to fall rapidly). Basically, a catalyst is any happening or event that can affect the company’s value or offerings. To determine potential catalysts, you might follow the news, earnings, announcements, contracts, and fundamental opportunities related to the company in question. However, as you’ll learn, it’s not quite as easy as just seeking any old catalyst. The trouble with monitoring catalysts and stock movement Unfortunately, monitoring catalysts to track movement is an imperfect system. In part, that’s because a lot of news which is publicly released is biased or self-serving. For instance, a company may issue press releases, but they can be spun in a favorable way that might not be completely accurate. As Tim and Stephen discuss, a far more accurate picture can be gained through reviewing a company’s quarterly earnings reports, which are mandated by various regulatory agencies. These reports offer a much more realistic look at the health of the company and can help traders determine the worthiness of buying. Trouble is, these reports are only issued a few times a year. So where’s the middle ground between sifting between what’s real and not having to wait for the facts? Keeping track of catalysts requires effort and dedication, that’s for sure. However, there are some tricks that can help you intelligently discern when a catalyst is going to positively affect a stock. Monitoring stock movement intelligently As you learned in the last episode, there are certain tried and true methods for determining what stocks are in play. In Episode 4, Tim explores what catalysts to look for specifically, when in the so-called “earnings season” (the period one or two weeks after the last month of each quarter) to look for them, and how to cross-reference catalysts with earning reports to make more educated decisions on investment opportunities.

How to Find the Right Stocks There are over 16,000 stocks available to trade.  Wondering how to find the right stocks?  What criteria should you use?  What technology can make this easier for you?  Listen in as Tim and Stephen discuss how to find the right stocks to trade. Ways to listen to the new Steady Trade podcast. * iTunes (preferred). Click Here *make sure to subscribe! * Youtube.  Click here Traders today don’t even realize how lucky they are. As your salty veteran trader co-host Tim Bohen shares at the beginning of the episode, once upon a time, before smart phones and internet connections in just about every household, buying stocks was quite different. You had to determine which stocks to buy by reviewing the financial pages in the newspaper, scouring teeny-tiny type detailing day-old information to determine the biggest gainers and losers. To say that it was an imperfect system would be an understatement. Today, for new traders like Stephen Johnson (who remains absolutely appalled by Tim’s story about day-old stock info from newspapers) things are far different. With the technology at your fingers and with resources like stockstotrade.com, the world has become your oyster as a trader. However, technology is a tool, not a get rich quick shortcut. The fact is, you still need to know how to utilize these resources for the best results. In this episode, co-hosts Tim Bohen and Stephen Johnson discuss an important subject: how to utilize the resources at hand to choose the best stocks to trade. Choosing a stock: where to start? There are thousands of stocks to choose from, and new ones being listed every day. This is overwhelming, to say the very least. So where do you even start when it comes to choosing which stocks to trade? The internet has really revolutionized the way that traders can sift through stocks and determine what will make the best buys. However, even with these resources, it’s important to learn how the system works and to figure out a methodology that works for you. That having been said, there are certain things that traders unanimously agree work. Scanning: your not-so-secret weapon for choosing stocks Scanning is a vital step toward choosing the best stocks to trade. Scanning is a method of searching for particular criteria within the stock market. You can think of it like filtering a search on a retail site, where you can customize your search by color, size, price, or any number of different options. In the episode, Tim and Stephen explain various methods of scanning, and give specific tips for what to look for while scanning stocks that might be a good indication that they are a good choice. For instance, while everyone’s on the lookout for big gainers, many overlook the volume of a stock, which can have a big effect on your play. Without the proper combination of attributes, you might end up trapped with a time sponge of a stock. In explaining these basics, they also give anecdotal tips for things that can be potential warning signs to steer clear of a stock. This knowledge can be customized to your own personal trading style and will help you scan the markets in the best and most effective way. Taking your knowledge to work As the episode progresses, Tim and Stephen get down to brass tacks and explain how to take your scanning and research to work as a day trader in an easy-to-understand way. They break down how looking for gainers, volume, and a catalyst is the magic combination for choosing...

Why Trade Penny Stocks What is a Penny Stock? Why Trade Penny Stocks ??  Can someone really get rich trading Penny Stocks?  Listen in as Tim and Stephen review the 2015 Larry King interview with successful day trader Timothy Sykes. Ways to listen to the new Steady Trade podcast. * iTunes (preferred). Click Here *make sure to subscribe! * Website embed.  Click here * Youtube.  Click here   In our first episode, we discussed the difference between day trading and investing. Building upon those concepts, our second episode covers why you should target low priced stocks–AKA penny stocks. If you want to know what it takes to be a successful day trader, you won’t want to miss this episode! In Episode Two, two stories are intertwined to create an informative and eye-opening introduction to trading penny stocks. Our goal is to demystify the process by answering common concerns, addressing frequently asked questions, and approaching penny stock trading from what will likely be a different point of view than you’ve seen before. Two tales of penny stock trading The episode begins with host Stephen Johnson’s story about how a failed attempt at being a professional poker player led him to a different, more reliable way of gambling: namely, day trading. Along with co-host Tim Bohen, this opens up an incredibly informative conversation about the world of trading penny stocks, and how it’s perhaps not as risky and dangerous as many might think once you begin to understand how trading works. This conversation is interwoven with a 2015 interview between Tim Sykes and Larry King. In this interview, one of the world’s most famous penny stock traders shares  more of his own story, including how his million-dollar injury led him to penny stock trading and why his goal has shifted away from making more money for himself and more to creating more millionaires by sharing his knowledge. Through these two unfolding stories and conversations, you’ll discover a lot about penny stock trading and how to find success as a trader. Why trade penny stocks? Penny stocks are generally defined as stocks that trade for under $5 per share. Why such low prices? Often, these are companies are still in the developmental stages, or just offer one or two different products. Sometimes these companies turn into something big; for example, True Religion jeans was a penny stock at first. However, more frequently, these companies never turn into anything. Actually, as a trader, the latter situation can be a good thing, because it allows you to make a profit by short selling. In a nutshell, short selling is the opposite of buying. Rather than buying a stock and hoping that it will increase and value and then you can sell it, you’re actually betting that the stock will depreciate in value and go lower. How does that work, exactly? In the course of the episode, both the co-hosts and the Tim Sykes interview reveal more about how this actually works, and how traders can make a profit by short selling. Can you really make money selling penny stocks? Truthfully, only the top 10 to 20 percent of traders make it big. Honestly, this is not because it’s hard to find success trading penny stocks. It’s more because few traders actually have the proper toolbox of skills and knowledge to effectively trade penny stocks. Put simply, if you haven’t put in the time and effort to build a strong foundation as a trader, you’re never going to be successful. To find success as a penny stock trader, you have to take the time to learn the rules. Not only do you have to learn the basics of trading, but you have to learn how the market works.

Steady Trade Podcast Learn from veteran trader Tim Bohen and rookie trader Stephen Johnson of the Steady Trade Podcast as they walk you through the ‘ins and outs’ of day trading!     Ways to listen to the new Steady Trade podcast. * iTunes (preferred). Click Here *make sure to subscribe! * Website embed.  Click here * Youtube.  Click here   Steady Trade Podcast Episode 1: An Introduction to Day Trading What would you say if you heard that there’s a career out there that allows you to be your own boss, to set your own hours, and make incredible amounts of money? As you may have gathered from the name of the show, this podcast is out to prove that trading can be that career. Success as a trader is available for anyone who wants it and is willing to put in the work. The key? You must take the time to learn how to do it right. In the Steady Trade Podcast, you will learn how to transition from trading curiosity to becoming an active and successful trader. This inaugural episode will begin to lay down the foundation by addressing some of the basics about what it takes to create a career as a trader. Meet the hosts The Steady Trade Podcast is brought to you by two hosts: Tim Bohen and Stephen Johnson. Tim Bohen is a lifelong entrepreneur who has been involved in all sorts of businesses, from pizza to lawn care. But it wasn’t until he began trading penny stocks that he truly began to find financial success. After retiring at the age 40 with his ample penny stock earnings, this self-titled “salty trading veteran” now dedicates himself to educating and mentoring others on developing the skills required for day trading. Stephen Johnson is also an entrepreneur and creative thinker, but as a trader, he’s a relative newcomer. With just about 13 months of market experience under his belt, he’s on a journey to discover everything he possibly can about trading. He’s currently documenting his process of progressing from rookie to full-time trader on his YouTube channel. As you can see, Tim and Stephen are coming from very different places in their respective careers. As a listener, you can benefit by the different points in their careers. Together, Tim and Stephen can offer a trading education that shows many different perspectives and points of view. Tim’s hard-earned knowledge and Stephen’s learning-on-his-feet will resonate with traders both old and new, and will inspire you to start or continue your own journey. Are you ready? The first steps toward finding trading success are simple. You have to want it, you have to believe in yourself, and you must be willing to take the leap. This podcast’s goal is to help you make that happen by offering you a clear and thorough education on trading. Inspired by their mentor Tim Sykes, the hosts follow an approach of clarity and transparency. As Tim Bohen says, “We want to help you establish a foundation to get you started as a day trader that will put you in a position to get the most out of what we have to offer in Season Two and beyond.” The traditional approach will not make you rich. Traditionally, the approach many are taught to trading is that slow but steady wins the race. And yes, it’s true that being prudent with your stock choices, choosing strong and solid companies and holding on to those stocks years in and years out can make you money. The only problem? The traditional approach is not going to make you rich. You might make enough to go on a nice vacation or pad your retirement fund with these long term investments,