Trading Secrets Revealed: How to Cut Penny Stock Losses QUICKLY
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- Опубликовано: 5 окт 2024
- What does it mean to cut losses in the stock market and how do you know when to exit a penny stock trade? Subscribe here to get INSTANT alerts when I post a new video outlining my penny stock trading techniques: goo.gl/poGZTm
I live and die by rule number one, cut penny stock losses quickly. Some of my top students, like Tim Grittani, who has taken 1,500, turned it into nearly six million now, my most successful Millionaire Challenge student. Go apply to be my next Millionaire Challenge student below this video. I'm going to put a little link below there. Click it.
www.timothysyk...
He's a little more aggressive. He doesn't always cut penny stock losses quickly. He prefers to cut his losses intelligently. I think many of you guys who are newbies, you're not intelligent. You wouldn't know how to cut losses intelligently if it hit you smack in the face.
For me, I like to exit trades when they start going against me because I have so much experience because I know these patterns inside and out. If a stock doesn't do what I think, I'm out, sometimes even for small gains.
If I'm buying a stock for a morning spike, let's say it's a crypto stock, and they just announced some new crypto company, and theoretically, they should be spiking right away because that's the hottest pattern right now. Guess what. If it doesn't spike or if it stops spiking, and it's already up 20%, and I'm buying it, I'm out. I don't care if I make five cents or lose five cents per share. I don't care if I make a hundred or lose 200.
For me, it's not just about the gain or the loss. It's about the pattern and the circumstance. And it's only because I know the patterns inside and out that I can do this. And that's why I always tell you, study hard, recognize all these patterns, learn from my now 5,000 plus video lessons. You can become an expert at these patterns just like I am and cut penny stock losses quickly.
And once you become an expert, you don't have to wait for a trade to become a loss to exit it. You can take small gains or medium-sized gains, and you'll know that you want to get out because the pattern is not working out.
For me, I want to give stocks as long as they can, but at the same time, if the stock is not doing what I want, I cut it, and this way I'm very controlled. I don't let a small mistake turn into a big disaster.
If you've seen my trader checklist guide, I'll post a link just below this video also. This is a guide where I talked about the site-sliding scale. Click here for my stock market trader checklist guide: traderchecklist....
You have to understand that the stock market is a little complex. Even if a pattern has been working five times in a row, maybe the pattern won't work the sixth time, and you'll have to accept that.
No trade is guaranteed. You can lose money on any single trade. And you have to be willing to cut penny stock losses. You have to be willing to exit. You have to be willing to adapt to the market. The market is always right.
And if you want to ignore me, that's fine. If you want to fight me, if you want to fight the market, guess what. The market will teach you. The market will humble you and bring your ego and your account down to size.
Leave a comment underneath this video saying you want to be aggressive or conservative. You have two choices, and there doesn't have to be one answer. You can say sometimes I'll be aggressive; sometimes I'll be conservative. Maybe all the time you'll be conservative.
Maybe you're risky, and you want to take chances, and you want to ignore my rules, and you want to say, "Hey, I'm gonna be aggressive all the time." You get to choose. You're in control. Let me know what you want to do to cut penny stock losses.
Hey, Tim Sykes, millionaire mentor, and trader thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there. And also click subscribe so that you can watch all of these videos, get that knowledge, and become my next millionaire student.
BootCamp Day 11. Cut Losses QUICKLY!!!
haha same here
same here.. so how's going on ur trading so far?
@@shrikantsingam2687 I just finished Grittanis Trading Tickers and will be setting up my Interactive Brokers account. This is my 3rd month, and I want to start trading small this month or January. Planning to start with about 2k
I'm on day 11 of Tim's boot camp, and it is fantastic! Not knowing this rule is what knocked me out of the game the first time, and it took me eight years to get back in. Tim is an amazing teacher and a generous human. I hope to be one if his success stories.
Great advice! This has been my biggest challenge, learning when to cut my losses instead of expecting or hoping for a bounce and losing 50% on a position. Learning takes time, but these videos are a huge benefit!
I did not comprehend anything once the chicks in the back ground showed up.
Yeah that gave me a HUUUUGE.... distraction.
glad to see i was not the only one
ROFL i shut the video off and watched porn LOL jk :)
whahahahaha me too
Great video! Also just finished day 11 of the 30-day bootcamp (on Rule #1). Very helpful and so important to have the right mindset BEFORE starting to trade. You and Matt both have said, one good trade won't make your career but one bad one could end it. Definitely have to keep this in mind. I just read a comment from someone on Twitter tonight saying he wished he'd never started trading b/c he's lost so much money. If he had listened to more of your material he could've saved himself a lot of $$$ and a lot of grief. I'm very thankful to be getting all of this education!
glad to hear it!! 🙌👏
I'm on Day 11 of Bootcamp and a new challenge student. I am really absorbing as much as I can... I'm going to be very conservative all the time, so I can let those singles add up and be you're newest Millionaire Student! Besides, I keep hearing this voice in my head screaming, "Rule #1: Cut Losses Quickly"!!!
YESSS
Honored to be in the Challenge and enjoying the 30-Day Bootcamp. I will be aggressive when the setup is ideal and conservative when the setup is riskier. Regardless, each day I will say out loud the mantra before I start trading: "I will cut losses quickly!"
Thank you Tim for everything you are doing for the retail trading community and helping us
glad to help!
Up $530 today with a $5,000 account. Now I have to be consistent! Cutting losses quickly as Tim says.
👏👏👏
Watching as a part of the bootcamp--Rule number one cut losses quickly. This includes sizing down when the patterns/market slow down AND/OR stop working. Don't size up to make up for losses either. This compounds just like wins do but your account and capital shrink. Good stuff on this one!
Conservative until I make it rich!! Thank you Tim, you are an amazing teacher!!!
You can do it!
Thanks, Tim for the Advice, I'm currently doing the 30-day boot camp, and I like to be conservative now until, I get better, more confident, and have a bigger account before I scale up and become aggressive. I'm focusing on the first green day and dip buy strategies, mainly dip buys. Thanks for everything.
glad to hear!! keep studying
Lost a few cents on Monday, but thanks to your advice, I got out quick. That's a win in my book! Thanks Tim!
This helped a lot. You should have an expectation of the patterns going into your trade. If it’s not living up to it, then get out. You will live to trade another day. You will stay in the game longer.
Great info! For me, being Aggressive or Cautious depends on the time off day, the market, and the sector.
I want to be aggressive, but only when I see a trade setup that I recognize. So far, its the dip buying method on quick pullbacks
I'm on Day 11. Rule # 1 Cut Losses Quickly! I plan on trading conservatively.
🙌💯
I wanna trade conservatively and aggressively. I want to learn everything!!!
Scaling is one of the most important things I've learned over the years. Going too heavy at once can be disastrous. Especially like you said if you get busy doing other things (because life happens), and can't keep an eye on the charts.
There are times to be aggressive & times to be conservative. Thanks for this Tim!!
Above All I Want to Be a responsible and disciplined Trader. I strive to trade conservatively ! Like the old Hawaiian saying goes never turn your back on the sea. This applied to picking Opihi on the reef because you never know how the sea might come and surprise you. The same concept applies to trading, you must always be weary and ready to get out immediately! "Mai Huli`oe I Kokua o Ke Kai" - Never Turn your Back to the Ocean; & "Mai pono hana ‘oe akä e hana pono." - Don’t work carelessly but work carefully.
LOVE it. Great mindset 👍
Great video! I’m a new Challenge and new to trading. Something you said in Day 11 Boot Camp makes me want to say: I want to trade conservatively, until I’m rich enough that it doesn’t matter!
I sometimes will be aggressive but most of the time I will be conservative. Thanks Tim.
I want to say what a Genius work Tim Sykes and Matt Monaco did with the 30 days BootCamp. Almost Blew up by not Cutting Losses quickly. Now I can say with confidence im on the right part. Learning to respect the process instead of the profits.
BootCamp Day 11. Cut losses QUICKLY! I choose to be conservative at least until I gain more knowledge. I have experienced some losses trying trading on my own. Hence the reason for now studying under Tim :)
Hello Tim! I plan on being conservative. I have been studying bits and pieces of the stock market over the past year after I saw an ad for the Apiary Fund. That intrigued me, but I was in college then and didn't commit to learning how to trade. I need to understand a lot more, so I don't want to simply gamble and throw what little I have away. I joined your program after I completed all of the homework that you had assigned and learned more about you and your training. I am willing to be patient, study hard and learn as much as you will teach me and Thank you for what you do for so many.
Glad to hear it!! Keep it up!
Tim, you my dude bro, I sincerely appreciate everything you’ve taught us bro
you got it! 🙌
Great Lesson! Plan your trade and trade your plan! Cutting losses quickly is paramount! Thank You!!
Absolutely!
I didn't cut my losses quickly. stupid stupid trade. Thank you for this Bootcamp lesson. I'll never ever do that again.
do it next time!!
Tim Sykes. Non stop work ethic. I wish I could buy your motivation, man.
I'll be conservative now, cut losses quickly, because I'm just starting out as a trader. I agree that I want to live to trade another day, week, month, years.
Smart choice!
I want to master both aggressive and conservative-and be able to discern WHEN to be aggressive and WHEN to be conservative 💡💖☮️
Love it!! 🙌💯
So true! Everyone will encounter losses! Whether you're an expert or beginner, losing is apart of the game. I would argue that you can still make good trades on losses depending on how intelligently you get out. Think of losing like winning as long as you play it correctly! Small losses = good trades
I have been aggressive already once before, and I lost much money. From now one, I will study hard before I trade and of course be conservative!
Plan to be conservative. Got trapped a couple of times by PDT rules and had to eat the loss. More careful now. Got aggressive today to a degree. Bought MGOL at 2.30 and was going to lose about $150 but rode it out and sold at 2.34. Got rid of it right before you sold for a loss. Only made $16 but singles count, right.
singles count!!
I trade very conservatively. great lessons as always.
good!!
I want to cut losses quickly and trade conservatively at first then when I get better trade more aggressively.
After multiple losses as training guide, and also taking your bootcamp and studying intently. I am being less agressive and willing to take smaller gains, and cutting my losses quicker. Ive seen a $1 loss turn into a $30 loss, hoping for a comeback. If it doesnt do exactly what i want. I need to get out!
Something Nate has said sticks with me too, "When you're wrong, be wrong!", "Don't stick around or hang around to see what it's going to do." or something to that effect. I wish I could postpone the market opening for another month, I don't have enough time.. I may have to take vacation time from work for studying. :)
Hey Tim! I just realized that you put a whole transcript of the video in the comments! I love this as it can often be faster to read than watch it all! Thanks for doing this!
You're welcome!
I definitely want to be conservative cut losses quickly and learn from my mistakes. Its never a loss when you are able to learn, sometimes it costs a little more than other learning lessons.
Bootcamp Day 11. I'll be conservative & cut losses quickly.
I want to learn everything you have to teach me I am very conservative I would rather cut my losses and look for the next good trade than ride it out and watch my account go up in smoke!
you can do it!
I will cut losses quickly! I will be conservative! I will cut losses quickly! I will be aggressive, when I learn to be conservative! But I will always cut losses quickly!
slow and steady wins the marathon!!
YES!!
#1 RULE CUT LOSSES QUICKLY.I think that I will start conservatively and when I gain more experience and $ be more aggressive.
😎🙌
I'm a little of what i need to adapt too...if I gotta be aggressive..i be aggressive . ..if I gotta be conservative..i be conservative..but whatever it takes to be successful at this I will do ....
Love your videos, I haven't been trading long, I am a challenge student that is spending most of my day studying and trying to figure this out. I do make some small trades, and i have a few that I made a little profit, but I will tell you that I am conservative, I get out long before the trade is done.
🙌👏
from the 30 boot camp and Tim's challenge and 1 pretty good loss. i have learned to cut losses quickly. on that front i would say I'm conservitive and it has been very benificial on the othe side when it satrts running i do try to get all i can out of it and sometimes still trade a larger position than i should,
Gonna take the challenge soon I wanna learn a lot from this
I'll either be conservative or aggressive, depending on the trade. Thx, Tim.
good mindset!
Check the girls behind him. Legend Timmo
I am a newbie. I will be conservative until such time that I am experienced enough to trade otherwise. Number 1 rule......”Cut losses quickly”
🙌💯🔥
At this point in time I think its safe to say that I will start out conservatively cause I'm still in the learning phases. Then I will take it from there.
great choice 👍
I want to be aggressive. But to be honest the Cut losses Quickly is already installed in my brain. I have heard it way too times now to that I catch myself doing it without noticing. I just got to learn to not worry about how much I "could've made."
As a recovered former addict who shouldn't be doing this, I'm glad I went through this lessons, because if anything it made me not want to gamble even more. I shall live by this CUT LOSSES QUICKLY.....!!!!!!!!!!!
Gotcha! Learning to be more conservative, bit too aggressive at times and yes your videos and your emails help tremendously!
same here.. so how's going on ur trading so far?
Hey TS, What's that in the back ground :), I'm still learning to cut losses quickly as I have a few bags. Its hard to conquer the greed in us but I'm getting it. Thanks always a good reminder.
conservative for me. small gains add up.
Conservative! Getting back into it with the Bootcamp. Are you testing our concentration with the distractions in the background?
I would like to be both and be smart and cool with my decisions in each tactic
awesome!
I like to modulate and be aggressive or conservative according with the different indicators and the market environment at play.
Thanks Tim! Appreciate all you do! #Bootcamp #Cutlossesquickly
Boom!
I am a bit aggressive but respecting the rule and the holy grail of trading which is: cutting losses fast 🔥😎🔥
trading conservatively!toda Tim
great!!
Trading conservative currently!! newbie trader.
I have seen the benefit of cutting losses quickly, so I intend to trade conservatively.
Sometimes I'll be aggresive sometimes I'lll be conservative! I get to choose. I choose to follow Tim's rules with mathematical precision!
I want to be aggressive after being self-sufficient but now I just want to be conservative in order to avoid potential losses. Patient is key
I'm on the Bootcamp Day 11 as well :). Been a challenge student for a week now but I'm consuming all the material I can
Options are good. Adjustment with the conditions. Head in the moment.
CONSERVATIVE ABSOLUTELY!! Thanks!
I want to trade the best way I can and cut losses quickly!
great!!
I want to be conservative as i dont want my hard earning money gone '! Cut loss quickly Dont force to trade ! Thanks Tim !
Rules.. Rules...Rules.. Using the rules to modify positions is not only prudent I believe it is smart... Thanks for the details... Also the Closed captioning for this video should be edited... It says Site sliding scale a couple of times instead of Syke's Sliding Scale ... Could confuse those that depend upon the CC.... Great stuff... Bootcamp Lesson 11... Thanks again
a lot of beginner starting with a small account play aggressive, do u think going aggressive with a smal acc, lets say under 1k is a good idea
Bootcamp Day 11! - Rule #1
🙌💯 keep at it!!
Already applied Tim. Thanks for the videos.
Starting to get into trading penny stocks. Researching how/when to sell out and take profits. For example, if you get in a stock at $.0005 (1 million shares), and now the stock sits idle a few days at $.10. Would you sell (limit order) all at once or split it out?
I want to be conservative trader while learning and improving my skill. Being aggressive is not a notion at this time as i don't feel that I have mastered the skill. Maybe in the future.
Great information!! I will be mostly conservative.
goooood!
I'd like to have at most a 80/20 ratio of conservative to aggressive trades in trading. I believe that is a perfect ratio for me.
I want to adapt to every situation. Learn when to be aggressive and when to be conservative
Rule #1 the MOST important rule
do you use a stop loss or a stop limit?
Day 11 of Boot Camp. I haven't even started trading yet but this is all freaking fascinating as hell. Excited to keep learning and I know I will be conservative when I start - and cut my losses quickly. ps. where all the ladies at? this community seems like it's all dudes. WTH.
keep studyinggg
conservative, but might let things run if it goes beyond my expectations quicklt, using a tight stop..
I want to be conservative. A steady track wins in the long run.
Always clutch with the enlightenment. Shalom, Brother 💪🏽🧠📈
thanks Brother 💪🏽
i adapt based on the trading situation. if choppy im conservative. If there are good swings then im a bit agressive
Love you, what you do, and who you are, Tim! No Diddy.
🙌🙌💯
I am more conservative but I can go aggressive sometimes depends on market. But no 1 rule is to making profits.
I want too adapt on how the market is moving too determine when to be aggressive and when to be conservative
I will adapt to be aggressive or conservative depended on circumstances
I want to be able to adapt to the current conditions. I guess I will be conservative at the beginning and focus on learning the process and being more disciplined but once I became confident in trading and profitable consistently, I wanna be more aggressive and scale up
I'm a newbie in bootcamp, definitely gonna trade conservative.
i want to learn to be conservative and aggressive later. I will cut losses quickly.
GOOOD
Conservative at first till I master the process and cut my losses quickly
💯
Hi Tim. Quick question. Before i start applying what you teach in penny stocks, should i first study more about macroeconomics and finance in general? I bought some books and i considering to join a second university next year in Finance and Banking and trading an account to gain some experience. Your way is the only way accessible to a modest account. Thank you for doing this.
I want to be educated, experienced, and be in a position to know when to be aggressive and conservative!
Lessons learned
Day 11 Bootcamp!! I'll be mostly conservative until my account grows, then maybe get a little more aggressive. Cut losses quickly!