🔴 Ready to learn more? Check out the SteadyTrade Team: https://stockstotrade.info/3qaQKsT 🔴 Try StocksToTrade for $7: https://stockstotrade.info/3dZZWy1 Hate sideways stocks? Can’t blame you — they’re boring! That’s why so many traders love momentum stocks. But what are they and why should you care about these stocks? And what about potential drawbacks? That’s a lot of questions … Tune in for Tim Bohen’s answers! 🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade 👉Share this video with a fellow Trader: https://youtu.be/bHLJqZ0ZRMo ✅ Links we mention and recommend: 🔴Try StocksToTrade for $7: https://stockstotrade.info/3dZZWy1 🔴Get our FREE weekly watchlist here: https://stockstotrade.info/386l2XB 🔴Traders Blueprint Free Guide: https://stockstotrade.info/2Olj4vl ✅ Recommended video: https://youtu.be/441zuv1YJes ✅ Recommended playlists: 🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7 🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ 🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM 🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3 🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry 🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA 🔴Charts and Patterns: http://bit.ly/2uj2KBO ✅ Follow StocksToTrade on social media: Instagram: https://www.instagram.com/stockstotrade/ Facebook: https://www.facebook.com/StocksToTrade/ Twitter: https://twitter.com/StocksToTrade You gotta tune in for today’s chart example on Greenland Technologies Holding Corp. (NASDAQ: GTEC). This stock ultimately ended up being a failed dip and rip, but you can see the potential. Now, with momentum stocks it can look like there’s no top in sight. We call this a blue sky chart. You may have also heard the term bag-holder chart … This is a long-term downtrending chart with a weak bounce. Basically, some traders buy the stock, then it just goes red every day. So the traders who held are upside down. If this stock bounces, even a little, bag holders sell. Here’s what's great about stocks like GTEC, or other 52-week breakouts … It's all blue sky above. That's why we love IPOs and SPACs, and most of the time they're in hot sectors. If a stock’s at all-time highs, nobody’s red! So everybody buys more. That's why breakouts work. Even the ‘real’ stocks are moving in this market, which is attracting more buyers. The more buyers, the better. Supply rules markets. More buyers mean higher potential for the higher prices. But, of course, there are some downsides! While stocks being up a lot can be a great thing, it’s also a double-edged sword. What goes up must come down. This is why it’s essential to always have a trading plan and stick to it! Tune in for the biggest drawback of these momentum stocks and how discipline plays a huge role. #StockMarket #Trading #Stocks ---------------------------------------------------------------------------------------------------------------- *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.