How to squeeze out more profits from your trades

This could be what you're missing…

Good Morning! Patterns are just one variable to consider before entering a trade.    Before you jump into a trade based solely on pattern recognition, look at the bigger picture…    Where's your risk? How much size will you take based on your risk tolerance? What's your goal?    Those are all essential parts of your trading plan...    But what about resistance? Where are the sellers and shorts that can dump shares on you and send the stock downwards?    Unfortunately, it could be a major reason for your losses.  So today I'll show you an example of how to consider important levels when choosing your patterns and stocks to trade…  Why Trading Isn't Just About Patterns Yesterday in the SteadyTrade Team morning webinar, a member asked if Evofem Biosciences, Inc. (NASDAQ: EVFM) was a watch for a red-to-green move.    Learn how to trade red-to-green moves here.   I said if you take the red to green move, I think you're early…   Why?    I liked the potential break above $1.40 more.    Because on Wednesday, EVFM topped out at $1.40 at 1 p.m. and 4 p.m.    It was a double top.    So if you bought the red-to-green move above $1.33, there was a very good chance you would buy into a triple top.    You can see that after the market opened, EVFM went from red to green but double topped again into resistance at $1.40.    Check out the chart… EVFM chart: 2-day, 2-minute candle — courtesy of StocksToTrade.com That's why I liked the $1.40 break more. Because if it broke above that level, it would be above resistance.    Learn the basics of support and resistance here.    And later yesterday morning is when the stock made its move… EVFM chart: 2-day, 2-minute candle — courtesy of StocksToTrade.com It broke above $1.40 and made a high of $1.57.    So today, what's the level I'll watch?    Again, I want to see it break above yesterday's highs. I'm not sure if EVFM has much juice left, but the less resistance overhead the better.    That's what makes breakouts such powerful moves.    And it's why it's so important to zoom out on the chart…    Know where the buyers and sellers are. Look for entries where everyone else buys.    And avoid entries with a resistance level close by. That's where longs will sell and shorts enter positions.    You want to combine key levels into your patterns and trading plans so you can avoid getting sold into.    If you're not sure how to do it, watch this video.    And let me help you in the SteadyTrade Team. You can get answers like the one above in real time, before a mistake costs you money.    See you there for Money Monday!   Have a great day everyone.    Tim Bohen Lead Trainer, StocksToTrade sponsored Watch this BEFORE 9:30am! Have you seen what Tim Bohen has been up to EVERY morning at 9:30am?   If not, click here now because he's getting ready to do it again.   Do NOT wait until tomorrow to see this. sponsored Growing A Small Trading Account? Check this Out When multi-millionaire trader Mark Croock first started trading, he was an overworked and underpaid accountant…    So he knows what it's like to start small while wanting to massively grow your wealth as quickly as possible.    That's why he just recorded a step-by-step training that reveals what he believes is the best options trading method for someone trading with a small account.   Click here to check out this brand-new video he recorded. Recommended Membership Gifts ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. To The Moon Report Weekly Stock & Crypto Watchlist Stock Market Safety Course By Millionaire Trader Tim Sykes   Click Here to Unsubscribe   (As an Amazon Associate, we earn from qualifying purchases.)   13809 Research Boulevard, Suite 500, Austin, TX 78750   *Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.   This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.   StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. 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