How to Use the 5-Minute Candle Theory in Your Trading Plan

Having a trading plan with a clear goal is essential … But sometimes you won’t hit your goal. That doesn’t mean you can’t exit the trade green. Avoid turning a winner into a loser with this simple and effective technique. Tune in as Tim Bohen breaks it down.
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Sticking to your trading goal is important, but you can’t overstay your welcome either - especially on the morning dip and rip pattern.
Have you heard of the 5-minute candle theory? This technique can help you exit a trade before hitting your goal, while potentially collecting a profit.
Catch the video for a chart example on Transcode Therapeutics Inc (NASDAQ: RNAZ). There’s always a ton of excitement around IPOs, and this one just started trading in July.
It’s a low float stock with great volume, and the company dropped a press release. So it’s checking off all the boxes. Where would you base your entry on this?
Tune in to find out!
And see where you can set your risk. (You should be aiming for that 3:1 risk/reward.)
But what should you do if you get a red candle?
Maybe you haven’t hit your goal yet, but you’re green on the trade. How can this play out without breaking even or taking a loss?
Sometimes the best offense is a good defense. Watch this video and learn with Bohen!
Remember, you want to look for predictable setups that you can nail and repeat. These add up over time and help build a small account.
#StockMarket #Trading #Stocks
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*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.

[@Stockstotrade]

Ready to learn more? Check out the SteadyTrade Team: stockstotrade.info/3BglK0Y What goes into your trading plans? How do you use the 5-minute candle theory? Drop a comment.

[@chrisbaez9621]

Oh yes I’ve been up $100-300 but over stayed and lost $50-200 but I’m learning so much I appreciate all of the STT team for your dedication

[@eds4367]

It's trading at $2.67 as I write this. I have made a few winners into losers by doing exactly what you mentioned here. It's up and going higher then it drops, bummer but it will come back, it will come back, it will come back then I'm red and didn't have a stop so kept saying, it wil, it will, it will but it never did. Have learned a lot and plenty more to learn. Have gotten about an $1,100 dollar lesson with a few that I did that with. Better days are coming! Really appreciate your sharing your vast amount of knowledge on this and love your enthusiasum and the way you present it. Direct and to the point.

[@Stockstotrade]

🙌

[@alexanderthegreat_CarGuy]

You are so right brother. RNAZ sitting at $2.64 currently. - I’ve turned winners into losers more times than I can count especially when I was brand new. - Thanks so much for all the great advice. This education should cost all of us thousands of dollars to to learn you are a great man Tim. Thank you for all you do. God bless my brother.

[@OO-nm5kq]

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[@double5nickel5]

This morning i was up 75 ended up with 10. This helps a lot. Thanks Tim.

[@TrueGladiador]

I've done this mistake, over, over and over so many times and cost me a lot of money!!! Thank you for always given back. God bless my friend..

[@hawkeyehowardinvesting3530]

Great video!! You’re definitely telling the truth!! I’m learning to get humble, take my winnings and get out!

[@Stockstotrade]

Boom!

[@TrueGladiador]

Thank you Tim!! Thank you for all of your free valuable content 🙏🏽🙏🏽🙏🏽

[@Toughdog773]

One of my favorite STT videos🙏🏼

[@IsaiahVerseRailfanning]

Thanks for the practical tip, Tim....and the RNAZ stock is at $1.42 as of 6-5-24

[@justhenormusic]

thanks Tim you're a realone!! love your passion for teaching and helping us avoid the common mistakes!

[@Stockstotrade]

I appreciate that!

[@ginacervi]

Extremely helpful info. Thanks Tim

[@keepinmemory9730]

Thank you so much for sharing your knowledge.

[@Nicole11773]

Thanks for the video, just learning but this makes so much sense!

[@chrisborden5101]

This is my biggest flaw over the last week. Was up $1500 today and by the end of the trade I sold for a loss of $300. Thank you for the tip and advice. See you in the morning.

[@OO-nm5kq]

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[@jackrennert6243]

Thanks Tim, love your videos

[@kylewonner6856]

Awesome lesson and explanation Tim Bohen, it's much appreciated

[@OO-yp3ty]

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[@shayneeaton4285]

Tim , Thank You for caring as much as you do you are A relentless giver I catch pre market prep every morning feel like I'm In boot camp sometimes. I know your tough on us for a good reason. Because the other traders will happily take our money for making it easy with stupid mistakes. Your there to help us along (out of the kindness of your heart I might add) when times get tough. I know It could be easy to walk away with some of the crazy Questions we ask. I just want to tell You that I appreciate every thing you do for us especially the kick in the ass when we need it . Thank You Sir.

[@OO-yp3ty]

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[@herotrader3976]

Nothing but TRUTH Brother!

[@davedeniston]

Thanks Tim, I can relate to loosing nice gains. Now thanks to you l Have red flag for a sell signal.

[@Stockstotrade]

Fantastic!

[@TripleCCC2024]

Too many times, turning a winner into a loser. Learned that one the hard way. Thanks for the education

[@Stockstotrade]

Right on

[@danechowning8901]

Thank u Tim B I'm so grateful for all of your help and video I'm learning

[@Stockstotrade]

you got it!!

[@gajendramehta7877]

thanks for the lesson.

[@alphaomega6497]

Great video!! just hit the sub!!!!!

[@curiosity4829]

Tnx sir on great video. We noobs need videos like this one. 🍻

[@Bill-up5vi]

Good one thanks bro

[@keepinmemory9730]

Tim, thank yo so much for your knowledge. i feel you are sincere. I would love to have a course with you

[@destiny9446]

Very good video lession

[@dannyhardwick40]

Thanks MUCH Tim Bohen, I'm learning everyday

[@Stockstotrade]

You bet!!

[@osiobe14]

That is me for sure, always turning winners into losers or break even trade cos of greed. Thanks for this video Tim

[@double5nickel5]

This is quality information. I'm ecstatic to have my lifetime membership. I just started, up $100 first week. Made some mistakes but still to the upside. I'm learning all of the things I've done wrong and how to correct them. This is the real deal. These guys are bona-fide.

[@billonthehill979]

Might be because where I am at in the learning process but this video gave me so much insight into so many questions I've had. Very practical and useful! Thanks Tim and STT for putting this 1 out there!

[@OO-yp3ty]

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[@randycholach8571]

Thx Tim I need to pay attention to this more often.

[@Stockstotrade]

You got it!

[@kennethearly6722]

Way to many times I've turned winners into losers. Learning what not to do. Traded ALPP today and pulled $285.00 Don't want to bag hold anyticker anymore.

[@OO-nm5kq]

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[@franciscosanchez3153]

Very good point and learning video tks!!!

[@OO-nm5kq]

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[@714l]

i appreciate your help, thats some good stuff.. i would rather have one in my hand as two in a basket

[@Stockstotrade]

You're very welcome 👏

[@jacktsang769]

Yes very useful information.

[@OO-nm5kq]

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[@ricrdomnzo4595]

trading at 2.85 today, thank you for all the very useful information!

[@pattrader6419]

Trading at $2.75 on 10/8 Tim.... thanks...just lost a profitable trade for exact reason of your video $ziop sucks , was up .21 target was .35 didn't sell any!!! Lol...learned lesson!

[@robmclaughlin420]

really good advice even a year later

[@Stockstotrade]

appreciate it!

[@dubdub85]

I'm getting better Tim! I stopped trying to day trade every day. Switched from a cash account to a margin account, putting myself under the PDT. That has forced me to swing trade more and pick my day trades more wisely!! BTW this stock is at $2.95 as of closing bell yesterday.

[@parichardkb]

This is super valuable, I have given back 3.5k in 2 weeks because of this very thing!!!!! ❤

[@Stockstotrade]

👏👏

[@The_Improvement_Initiative]

Great video ! Great tool to preserve our gain

[@Stockstotrade]

Thank you!

[@letsgoooo8006]

Thanks Tim!! 💪

[@Stockstotrade]

Any time!

[@carlosapalaciosjr7184]

great video sir! i forgot how many times i have done that, turn winning trades into a losing one! thank you! by the way the ticker is at 2.79 as i write this comment

[@aaronmizell]

Thanks Tim!

[@OO-nm5kq]

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[@user-kv5yc1cb9v]

Thanks for showing a 5 minute chart, this is one i didn't learn. 🎉

[@Stockstotrade]

Glad it was helpful.

[@TommioRS]

Great video!

[@OO-nm5kq]

+①⑨①⑧④⓪①⓪③④⑨ Thanks for watching and commenting Don’t forget to hit The subscribe button for more Info.....consultation......and advice....D.M W@tsap with the number above..

[@ratnakarki2682]

Nice instruction

[@Stockstotrade]

Glad it was helpful!

[@FluteLoveMeditation]

Protect, Protect, Protect.. Risk management is what it takes to survive the battlefield. Great lesson!

[@OO-nm5kq]

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[@mercotsingh5289]

Great content..

[@OO-nm5kq]

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[@takecare4697]

So far once, AMAM last week. Thanks

[@Stockstotrade]

Keep it up

[@bernietoempower]

a lot of losers because of not getting out when I was showing money in the bag great video

[@ssmutek]

Siempre le haré saber a cualquiera que olvide las predicciones y comience a obtener buenas ganancias ahora porque las valoraciones futuras son todas especulaciones y conjeturas.El mercado es muy inestable y no se puede saber si se está volviendo bajista o alcista. de hacer una pérdida, otros están siendo pacientes para que el precio se dispare. Todo depende del patrón que sigas Pude hacer 9 bTC en solo septiembre al implementar intercambios con consejos e información de Wendy Patricks.

[@jasmibustamante5806]

Realmente disfruté la oportunidad de trabajar de cerca con ella en los últimos meses.

[@hildredvanostrand9711]

El comercio bien capturado ofrece una vía para ganar, en medio del drama con mi criptografía favorita. Tengo una cuenta comercial personal en Bitcoin eth y xrp.

[@daringregor5674]

Soy nuevo en el comercio de criptomonedas, me interesan sus señales.

[@wendypatricks7983]

telegram ☝🏻

[@vickeyfidel1123]

La mejor sensación es saber que obtendrás ganancias hoy y mañana, y estás 100% seguro, Wendy, eres un genio.

[@brw1976]

I've been wanting to ask if I'm missing important trend using one minute candle vs 5 minutes. Thanks Tim!

[@OO-yp3ty]

+①⑨①⑧④⓪①⓪③④⑨ Thanks for watching and commenting Don’t forget to hit The subscribe button for more Info.....consultation......and advice....D.M W@tsap with the number above..

[@marcossilveira5999]

As i watch this video is around $2.90 and is so true100% as a beginner we try to push squeeze a extra dollar and end up giving back i m 8-1 in the last couple days playing with my 3 accounts its only $15-25 but its adding up thanks to u Tim yelling on the prep in the morning😂😂

[@4everyoung2010]

Hi Tim, thanks for the info on 5 min candles and RNAZ is now at 2.75 10/8/21

[@louisarmdong]

Good stuff

[@Stockstotrade]

Thanks for tuning in!

[@walterlee1345]

Just came across this video, great learning video. Checked what it’s trading at, it closed 5/25/22 trading at $1.85

[@Stockstotrade]

Glad to hear it!

[@einsteinwallah2]

you could use statistics here ... like student;s t based z score for last observation ... if it is high negative time to exit ... observation can be log ratio of closing on a candle over previous candle closing

[@dannyhardwick40]

Second time around still great video, enjoyed it

[@Stockstotrade]

Glad you enjoyed it!!

[@Stockstotrade]

Twice! :)

[@gotmilk1028]

I’m just learning how to get out since it didn’t hit my target and not wait for risk break

[@Stockstotrade]

It's an important lesson!

[@double5nickel5]

RNAZ at a steaming $.11 above a 52 week low @ .3990. Love them 52 week lows.

[@redcrosswire4391]

Thanks Tim. "Don't be a TRUE believer"👍😉

[@OO-yp3ty]

+①⑨①⑧④⓪①⓪③④⑨ Thanks for watching and commenting Don’t forget to hit The subscribe button for more Info.....consultation......and advice....D.M W@tsap with the number above..

[@omriamos]

10:50 - October 6 - RNAZ back to the 2.50s lol

[@cavinderremodelingandconsu8581]

As I’m watching this video it’s at .35 lol

[@EvanEvansE3]

At what minute during the 5-minute red candle formation do you commit to it being a red 5-minute candle and exit?

[@Jrosanova1990]

Sitting @ 2.58 right now Tim! You called it!

[@OO-nm5kq]

+①⑨①⑧④⓪①⓪③④⑨ Thanks for watching and commenting Don’t forget to hit The subscribe button for more Info.....consultation......and advice....D.M W@tsap with the number above.

[@DJTrapillac]

Nice Vid. paper traded IMMX today premarket gapper had news FDA approval, i think. low float and with 1mil volume on the open. halts. i wait for 10 minutes i get fomo and buy in then it just tanks from 8.68. to 7.30. lost $1600. ended up scalping CELZ for about 1hr for $600 ... think i might just skip the first 10 minutes of the open for now and then scalp.

[@walterlee1345]

😞 More times than I realized until now! I’m learning

[@Stockstotrade]

keep learning! 🙌

[@ryanwilliams1651]

Thank you for the insight. Crashed my account in 2016.... looking to try again.

[@TonyRhoton]

6/28/24 - RNAZ is trading at 1.01

[@rtony209]

The 5 minute chart I use with vwap and longing I look for a nice distance from price to the line of vwap

[@jasondratman5584]

Awesome video.. wish I could find winners .. the current market is tough ..would love to know what setups we should be looking for today? Thanks

[@Stockstotrade]

Join Tim's pre market prep daily: marketprophesy.com?SIy77S

[@davidsancho7545]

Hello Tim, but why risk 3.30 because is the low of the day?Thank you.

[@emerparkinson349]

yes trading today 27th October $2.88

[@kaydenhogan8748]

Tim, I think you were talking about me. Every time I lost my gain because I am greedy.

[@BubbaStyIIIe]

Gold right here this is actually very similar to my trading plan except more so on the 1 minute.

[@OO-nm5kq]

+①⑨①⑧④⓪①⓪③④⑨ Thanks for watching and commenting Don’t forget to hit The subscribe button for more Info.....consultation......and advice....D.M W@tsap with the number above..

[@Bill-up5vi]

Trade 3.33

[@barbodell]

RNAZ 4-7-2023 .37 cents end of session

[@Bill-up5vi]

You forget the rants on PMP lol 😂

[@jimmywhipple8228]

This stock is at .61 it 9/26/23 12:34 an yes jus about ever stock I’ve went in has turned bad I’ve had some bad losses in the last couple moths like 500 An 700 Well to sum it about 3,200 but in the last week I started looking for certain setups an riding the ticker an won a few

[@robertpriest3808]

I don’t even want to admit how many times I turned a winner into a loser because I got greedy. That was a while ago, I have controlled my greed lately( not saying that I won’t get greedy again) and things have been better since.

[@OO-nm5kq]

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[@double5nickel5]

Like my Uncle Jon used to say, "never underestimate the power of a penny."

[@brianrangel8665]

.392 cents Good video TB

[@Stockstotrade]

Appreciate it!

[@eds4367]

Love your KEEP IT SIMPLE STUPID!

[@OO-yp3ty]

+①⑨①⑧④⓪①⓪③④⑨ Thanks for watching and commenting Don’t forget to hit The subscribe button for more Info.....consultation......and advice....D.M W@tsap with the number above..

[@TraderTonyMNLLC]

RNAZ is trading at 2.78 down more than 5 bucks in three months

[@robmclaughlin420]

RNAZ is at .26 cents today when I saw this. 5/22/2023

[@RecepKaraman-ir5mq]

It is 0.16 now😄

[@jackrennert6243]

October 8.$2.75

[@kawi4ev]

when are you exactly buying? I didn't see where you bought this stock.

[@OO-nm5kq]

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[@beAdeodatus]

It’s October 6. Share price $2.6708

[@OO-yp3ty]

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[@ClearviewTrading]

i know this video is old but i've had profits and very nice trades turn into breakeven or even losers way too many times. All because i didnt A: Got greedy and overstayed and B: didnt respect my profit target and turn on me and C just flatt out not even having a clear profit target period. And honestly having a nice profit turn into a loser is worst feeling than just losing right away.

[@Stockstotrade]

Great lessons!

[@yotojojo522]

I lost 30 % today in CEI. I hate it so bad.

[@AArmistead1]

its trading at &2.73

[@savvyswings766]

1/7/2022 2.42

[@eytanme1]

What about forex

[@Bill-up5vi]

Tight stop loss do the good

[@dmonk952]

$2.58 Oct 6th close

[@OO-nm5kq]

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[@jayfinton]

Are we seeing a lot of these plays. Lately seems not be a lot of dip/rips and vwaps

[@OO-nm5kq]

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