A socket holder may be designed as part of a socket extension or built into a socket holding end of a ratchet. The socket holder may have a mechanism to hold the socket at a conventional position. However, unlike conventional socket holders, the present invention may allow the socket to push past the holding mechanism, allowing the socket holder to fill an inside of the socket and provide pressure on the head of the bolt being applied by the socket. A magnet may be disposed on the end of the socket holder facing the bolt to help secure the bolt within the socket holder.