{"id":2798,"date":"2020-05-26T09:32:57","date_gmt":"2020-05-26T16:32:57","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2798"},"modified":"2020-05-28T09:50:34","modified_gmt":"2020-05-28T16:50:34","slug":"ep-149-listener-mailbag","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/","title":{"rendered":"Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-149-listener-mailbag-reverse-splits-sec-filings-and-multi-month-breakouts\" 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<p><span style=\"font-weight: 400;\">It\u2019s been a while since SteadyTrade\u2019s last <\/span><a href=\"https:\/\/www.steadytrade.com\/listener-mailbag-with-the-wall-street-coach\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">listener mailbag episode<\/span><\/a><span style=\"font-weight: 400;\">. But the questions are piling up \u2026 So today, the entire team is ready to dive in and start answering.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this episode, co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson talk about some of the hottest topics traders want to know about right now. Learn everything you ever wanted to know and more about reverse splits, SEC filings, and multi-month breakouts!\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">How\u2019s the SteadyTrade Team Doing in Lockdown?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">At the time of this recording, much of the world is on lockdown due to the pandemic.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The co-hosts are living through very different rules and restrictions in their respective homes of Michigan, Hawaii, and Dubai.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before digging into the meat of the episode, each host gives an update on how they&#8217;re doing. Learn how Stephen\u2019s actively avoiding $500 fines in Dubai\u2026\u00a0\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Listener Mailbag: SEC Filings\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In several recent episodes, Stephen and Kim discussed vital day trading variables like <\/span><a href=\"https:\/\/www.steadytrade.com\/float-volume\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">float and volume<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">support and resistance<\/span><\/a><span style=\"font-weight: 400;\">, and more. Now, Kim wants to know about SEC filings \u2026 How much time should traders spend looking at them, and what should they look for, exactly?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim\u2019s quick to say that every trader should have a good working knowledge of forms like the 8-K, 10-K, and 424(b)\u2026\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t know these basics? Check out <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-86-back-to-basics-sec-filings-with-michael-goode\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Episode 86<\/span><\/a><span style=\"font-weight: 400;\"> featuring trader Michael Goode \u2014 it can help get you up to speed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This part might surprise you: neither Tim nor Stephen look at SEC filings that much these days! Low-priced and penny stocks are a lot different from large-cap stocks. You\u2019re far more likely to find shady companies with an address in the middle of nowhere.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, smart traders can take information about sketchy companies and turn it into a trading advantage \u2026 That\u2019s why you should tune in and learn how to consider things like warrants. And find out how penny stocks with poor financials can actually create short squeezes. Gotta love those short squeezes!\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Reverse Splits<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Did you know that Nasdaq-listed penny stocks need to maintain a certain price point to stay on the exchange? When prices fall, a lot of companies do what\u2019s called a reverse split. That means they condense the number of shares to increase the per-share price.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, say that stock XYZ has a float of 10 million shares worth $1 each. With a 10:1 reverse split, the number of shares is reduced to 1 million. But each share now costs $10. And the company\u2019s enterprise value hasn\u2019t changed at all.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this listener mailbag episode, you\u2019ll learn why so many reverse splits die on the first day. Tim talks about why he stays away until at least day two or three of a reverse split so the stock can \u201cprove itself.\u201d And Stephen explains why reverse splits can be \u201ctoo scary\u201d for him.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Multi-Month Breakouts\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Poetry in motion! Don\u2019t miss Stephen\u2019s perfect explanation of a multi-month breakout &#8230; It just about brings Tim \u2014 proud papa bear and trading mentor \u2014 to tears.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If a stock has multi-month breakouts, how should you approach it as a trader?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both Tim and Stephen offer invaluable tips for what to look for in multi-month breakouts and how to trade them. Market cap, volume, resistance, and the right catalyst \u2014 all these factors matter.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wanna Know More?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Did this listener mailbag episode bring up any pressing questions? Ask us anything!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/user\/stockstotrade\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">YouTube<\/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>Love this listener mailbag episode? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been a while since SteadyTrade\u2019s last listener mailbag episode. But the questions are piling up \u2026 So today, the entire team is ready to dive in and start answering.\u00a0 In this episode, co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson talk about some of the hottest topics traders want to know about right [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2799,"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>Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"It\u2019s been a while since SteadyTrade\u2019s last listener mailbag episode. It&#039;s time to talk about reverse splits, SEC filings, and multi-month breakouts!\u00a0\" \/>\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\/ep-149-listener-mailbag\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts - SteadyTrade.com\" \/>\n<meta property=\"og:description\" content=\"It\u2019s been a while since SteadyTrade\u2019s last listener mailbag episode. It&#039;s time to talk about reverse splits, SEC filings, and multi-month breakouts!\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/\" \/>\n<meta property=\"og:site_name\" content=\"SteadyTrade.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-26T16:32:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-28T16:50:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/05\/steadytrade-149b_BLOG.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"721\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"SteadyTrade\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SteadyTrade\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/\",\"url\":\"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/\",\"name\":\"Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts - SteadyTrade.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.steadytrade.com\/#website\"},\"datePublished\":\"2020-05-26T16:32:57+00:00\",\"dateModified\":\"2020-05-28T16:50:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a\"},\"description\":\"It\u2019s been a while since SteadyTrade\u2019s last listener mailbag episode. It's time to talk about reverse splits, SEC filings, and multi-month breakouts!\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.steadytrade.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.steadytrade.com\/#website\",\"url\":\"https:\/\/www.steadytrade.com\/\",\"name\":\"SteadyTrade.com\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.steadytrade.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a\",\"name\":\"SteadyTrade\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g\",\"caption\":\"SteadyTrade\"},\"sameAs\":[\"http:\/\/www.steadytrade.com\"],\"url\":\"https:\/\/www.steadytrade.com\/author\/steady-trade\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts - SteadyTrade.com","description":"It\u2019s been a while since SteadyTrade\u2019s last listener mailbag episode. It's time to talk about reverse splits, SEC filings, and multi-month breakouts!\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/","og_locale":"en_US","og_type":"article","og_title":"Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts - SteadyTrade.com","og_description":"It\u2019s been a while since SteadyTrade\u2019s last listener mailbag episode. It's time to talk about reverse splits, SEC filings, and multi-month breakouts!\u00a0","og_url":"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/","og_site_name":"SteadyTrade.com","article_published_time":"2020-05-26T16:32:57+00:00","article_modified_time":"2020-05-28T16:50:34+00:00","og_image":[{"width":1000,"height":721,"url":"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/05\/steadytrade-149b_BLOG.jpg","type":"image\/jpeg"}],"author":"SteadyTrade","twitter_card":"summary_large_image","twitter_misc":{"Written by":"SteadyTrade","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/","url":"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/","name":"Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts - SteadyTrade.com","isPartOf":{"@id":"https:\/\/www.steadytrade.com\/#website"},"datePublished":"2020-05-26T16:32:57+00:00","dateModified":"2020-05-28T16:50:34+00:00","author":{"@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a"},"description":"It\u2019s been a while since SteadyTrade\u2019s last listener mailbag episode. It's time to talk about reverse splits, SEC filings, and multi-month breakouts!\u00a0","breadcrumb":{"@id":"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.steadytrade.com\/ep-149-listener-mailbag\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.steadytrade.com\/"},{"@type":"ListItem","position":2,"name":"Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts"}]},{"@type":"WebSite","@id":"https:\/\/www.steadytrade.com\/#website","url":"https:\/\/www.steadytrade.com\/","name":"SteadyTrade.com","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.steadytrade.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a","name":"SteadyTrade","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g","caption":"SteadyTrade"},"sameAs":["http:\/\/www.steadytrade.com"],"url":"https:\/\/www.steadytrade.com\/author\/steady-trade\/"}]}},"_links":{"self":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/2798"}],"collection":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/users\/2283"}],"replies":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/comments?post=2798"}],"version-history":[{"count":3,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/2798\/revisions"}],"predecessor-version":[{"id":2802,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/2798\/revisions\/2802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/media\/2799"}],"wp:attachment":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/media?parent=2798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/categories?post=2798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/tags?post=2798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}