{"id":2308,"date":"2019-08-06T06:00:29","date_gmt":"2019-08-06T13:00:29","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2308"},"modified":"2019-07-30T09:06:45","modified_gmt":"2019-07-30T16:06:45","slug":"trading-tips-whole-dollar-half-dollar","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/trading-tips-whole-dollar-half-dollar\/","title":{"rendered":"Trading Tips: Whole Dollar Half Dollar"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-109-back-to-basics-whole-dollar-half-dollar\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<h1><span style=\"font-weight: 400;\">Ep 108: Trading Tips: Whole Dollar Half Dollar<\/span><\/h1>\n<p><span style=\"font-weight: 400;\">If you\u2019ve been listening to SteadyTrade for a while, chances are that you\u2019ve heard hosts Tim Bohen and Stephen Johnson tossing around the term \u201cwhole dollar half dollar\u201d. But what does this mean, exactly?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While \u201cwhole dollar half dollar\u201d might sound like some kind of trading gangsta lingo, it actually refers to key levels for traders that can help them determine entry and exit points for a trade.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still confused? You\u2019re not alone. Plenty of listeners have asked about it, and in this episode, Tim and Stephen will explain the whole dollar half dollar phenomenon in great detail, including why it\u2019s significant and why it matters.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Whole dollar half dollar: what it means<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Learning to read stock charts is kind of like learning a foreign language. It takes time and practice and ideally, immersion. But here, Tim and Stephen are offering up a little Rosetta Stone style mini lesson on looking for whole dollar half dollar points in a stock chart.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a stock chart, the whole dollar or the half dollar points are like walls. Say that you have a stock that is trading in the $3 range. If it breaks a key level, like $3.95, there\u2019s a high likelihood it will break the dollar point. Likewise at the half dollar point: if that stock were trading at $3.45, chances are pretty good it will top $3.50.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you begin to recognize this, you won\u2019t be as freaked out by minor intraday moves, and you can begin to see things that the majority of traders don\u2019t see.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Whole dollar half dollar in action<\/span><\/h2>\n<p><b><i>Note: <\/i><\/b><span style=\"font-weight: 400;\">Be sure to watch this episode on <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\"> to see charts illustrating the whole dollar half dollar phenomenon!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, Stephen demonstrates the whole dollar half dollar levels by showing several examples of stock charts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ll see how, when a stock\u2019s price is pushing close to a half or full dollar, it can psychologically push a stock to the next level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, if a stock is consistently peaking at .89, you can see how it flirts with the levels and can often go above the dollar point. If it holds that level consistently, there\u2019s a good chance that it can push even further.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">A pattern that repeats itself over and over<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As Tim and Stephen both note, this is a pattern that repeats itself time and time again in the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It follows the same psychology of pricing retail products at $9.95 or $9.99 instead of $10&#8211;it gives the buyer a better perceived value. And in the case of the stock market, when enough buyers want in, that stock can explode.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ll learn tips for refining your entry and exit points, including why it\u2019s important to look at the volume candle and how you can key in on certain levels to get into a trade.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What makes support and resistance?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Tim and Stephen demonstrate the point at which support becomes resistance and vice versa based on key levels. They talk about when to short when it pops up, and various approaches to trading stocks based on these key levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, don\u2019t just look at the ascending and descending triangles on an intraday chart. You can make a good case for shorting a peak. They also talk about shorting against the half dollar whole dollar, and why you need to take advantage of weak bounces.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ask us anything!<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Are you curious about something in this episode, or about trading in general? Get in touch!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. You can send questions via the <\/span><a href=\"https:\/\/www.steadytrade.com\/\"><span style=\"font-weight: 400;\">SteadyTrade<\/span><\/a><span style=\"font-weight: 400;\"> website, <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">, or by <\/span><a href=\"mailto:admin@steadytrade.com\"><span style=\"font-weight: 400;\">email<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>How much do you love this episode? Leave us an <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes review<\/b><\/a><b>!\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ep 108: Trading Tips: Whole Dollar Half Dollar If you\u2019ve been listening to SteadyTrade for a while, chances are that you\u2019ve heard hosts Tim Bohen and Stephen Johnson tossing around the term \u201cwhole dollar half dollar\u201d. But what does this mean, exactly? While \u201cwhole dollar half dollar\u201d might sound like some kind of trading gangsta [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trading Tips: Whole Dollar Half Dollar - SteadyTrade.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/trading-tips-whole-dollar-half-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading Tips: Whole Dollar Half Dollar - SteadyTrade.com\" \/>\n<meta property=\"og:description\" content=\"Ep 108: Trading Tips: Whole Dollar Half Dollar If you\u2019ve been listening to SteadyTrade for a while, chances are that you\u2019ve heard hosts Tim Bohen and Stephen Johnson tossing around the term \u201cwhole dollar half dollar\u201d. 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