When Should You NOT Hold A Stock Overnight
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- Опубликовано: 11 дек 2018
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Today I have a very useful lesson for you: when to not hold a stock overnight.
Every so often there are penny stocks catch fire. They can go up 1,000-2,000 percent. I’m talking hundreds of millions of share in a day.
You won’t find these right away. You need to work to find them. So how do you find, trade, and sell these stocks - and when is it bad to chase them?
Experience, knowledge, and preparation will help you recognize these.
It’s OK if you sell too soon. You don’t need to ride these to the top. Focus on your own improvement.
Why don’t you want to hold these stocks overnight? There’s too much risk. Anything can happen overnight … stocks can be overvalued, financed at a lower price, or labeled as a scam.
There’s too much risk when these stocks go up. You need to play it safe because when the market opens, things can happen in minutes.
New traders have a tendency to trade flawed strategies. They think they’ve figured out the game and then they blow up. You aren’t ready for these risks.
Give it time. When in doubt, get out!
Be safe and understand that it’s OK to just take a piece of the pie. Don’t wait for these stocks to hit the top and don’t hold these stocks overnight. There’s too much risk. No stock is worth losing 50 percent.
Do you agree with this strategy? Do you hold stocks overnight? Leave a comment below and let me know.
#StockMarket #PennyStocks #BullMarket
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Hey, it’s 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.*
---------------------------------------------------------------------------------------------------------------* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: www.timothysykes.com/terms-of...
🤣🤣😂 that little voice change u did @ the end of the video had me rotf! Wasnt expecting that😆! Thanks for the info!👌
Just started watching your videos how do I get I get into your chat for alerts and ques for stocks
Great vid Tim!
Thanks again for reinforcing risk control , love your straight forward style brother
"I made a fortune getting out too early!" -JP Morgan
Really?
Why Fortrade does not have those penny stocks?! I trade in England, can anyone tell me where should I open an account? Many thanks!
#Ilovetrading💓
Hi. People with small accounts and online discount brokers can't day trade. We have to wait at least 24 hour to trade (sell) the shares bought. Can we still use your methods. Can we hold stocks these 24 hour and still get a piece of the pie ????
Definitely one of the hardest lessons for me to learn...Go for hits not home-runs...I have turned many winners into loser because of greed. Set your goal and stick to it. Get a chunk and get out...Thank You, Master Sykes!!!
6:00 with the stop loss I couldn't get out of the trade if it hits my limit price?
Thank you for this vid Tim! It's valuable to me. Hope I'll meet you one day!
I found this while holding over night.
LOL
@@TimothySykesTrader how are you still replying when this video was uploaded 3 years ago😳👍🏽
@@tannerlewis19 welcome to what it means to be real in this industry full of fakes!
Hi Tim, thank you! I have a question, which broker is best for shorting with less than 30k. I can't use Centerpoint because I don't yet have the 30k in my account.
see tim.ly/sykesbrokers
Tim, thanks for this tip!
Great lesson, thanks Tim
I don’t get it. In the first Green Day vídeo you say we can hold a stock overnight if it’s near it’s highs. So today I’m holding a stock that went up 50% and is near its high at close. Why is this video saying what I did is wrong? This video seems to make sense too cause news can bring it down as you said. I thought I was following the first Green Day pattern. High volatility and catalyst on good news.
how to download stockstotrade for practice. its asking for money all the time.
Thanks for defining the play safe rules
I remember when he was on Wall Street warriors season 1
Tim, thank you so much. I am new to trading and just started in July with no knowledge. I am starting with a little and got caught a few times loosing big gains holding too long or overnight. I am improving and will follow your advice. It is just making me hungrier to become a better trader. God Bless You!!!
Always great advise
Thank you, Tim
Thanks TS, valuable knowledge 👍
you got it
Nice peace of advice. I saw that myself a few times.
Thank you, Tim! I admire you. You said that it is possible to catch a 100% move in these stocks. What is the downside? In other words, what is your risk/reward ratio in this case?
see my tim.ly/htmmguide ASAP
Daniel Sckarin Yes! If you trade triple zeros penny stocks (.000) but good luck getting your orders filled! And if you have unlimited patience with strong due diligence, technical and fundamental analysis! It’s possible 😉
Tim, Before I learnt from your videos, that's how I traded too. and I like the way of ur education.:)
thank you
Great advice.
The market seems alot slower now than it was when I first started last year, and I'm honestly glad. The way I see it, it's giving me time to really study the patterns and really be ready for when they do start going supernova. Great vid here.
👍👍
Thanks Tim
Grateful for every lesson and dollar!
Love all of your advice! Can’t wait to be one of your students!
🙌
thanks tim
Thank you Tim
you bet!
Great lesson 😊👍🏻
Just started my account a few months ago and am now just seeing some financial gain. I dont give a shit if my account moves 1% in a week as long as its green. Thats 52% in a year which is far away from what any bank or buy in can offer.
I literally just found this while I’m currently holding over night $APHA lots of lessons to be learned still from 3am to 10pm everyday sense Dec 26th 2020 loving every bit of the process 😁
Thanks T
Thanks Tim!
you bet!
How old is this video? That ALT thing happened months ago.
Thank you Tim I'm really learning lot.
you got it Antoine!💯
Thank for your advice is truly appreciate!
You are so welcome!
Awesome lesson
Real Good Advice 👍
🙌🙌🙌
Thank you Tim Skyes! I made traded RSLS in November and made $3,500 and then that same day I made a big mistake that is very common...I decided to push my luck and buy in that same stock and now I been holding RSLS for over 1 month praying that it will go up. So far I am down $6,000 of my own money not including profits. I don’t know what to do, I am stuck.
Cut loss, review your plan, then buy less shares, slowly build again
Millionaire Tip :- Never cut losses very quickly. Hold like 2 months more. Sykes is an impostor do not listen to him
Please be cognizant that strategies work. However.... wealth can make you greedy. Can make you short sided. What is working now....may not work in a year. Be humble. Be thankful. And give back and pay it forward. I truly believe that good ideas will stand the test of time. However, those that become "high on the hog" so to speak, will become short sided if not careful. Markets fluctuate. The true question is will your strategy stand the test of time? That is the measure of a solid business plan. Plan for the downtimes. Good luck with that.
Ah, just beautiful. I love your generosity with the wealth of knowledge you possess. It resonates and really sinks in the promise for my future the more I grow my knowledge account and also the trading experience to come. I truly can't thank you enough for all your hard work, transparency, and dedication to us all and can't wait to give back through more subscriptions and when I have more financial freedom a couple years from now. I trust the process and will never give up. Thanks Tim!
Thanks!! 😎🙌 Keep it up!
So true, bro! Great video!
Thank you Taylor!!
I followed your advice, and I avoided a loss of 20% on investing in a stock. Thanks big bro!!!!!
A millennium is after a century btw :)
I really needed this video to slap your wisdom across my face. I went against my rules and against your rules due to speculating that particular stock would go continue spiking from ~$5 to ~$8. Instead of locking in my ~$100 profit, I held overnight, excited about the anticipated gap up in the morning. Guess what happened 30 minutes before the market opened. The company priced an $8 million offering at $4 per share, and I lost $100.
What did I learn? Stick to the rules, secure your profits, and trade like a choir boy! Thank you, Timothy Sykes.
thanks
Welcome
6th video down, thanks Tim!
Thanks. I am learning more every day.
Glad to help
@Timothy Sykes Aren't day traders with under $25k accounts limited to 3 day trades/week (technically 2 since they allegedly are restricted from further trading by 3rd trade)? I keep seeing statements all over the internet that say slightly different things (kinda ambiguous) but seem to be implying that.
Read tim.ly/sykespdt
Thx, that's a relief since I have a cash acct. Although it probably won't be very relevant for a while.
Hey I'm trying to get started with stock investing and trading can anyone help me out with the process I'm really interested in learning more and mastering this
Tim I've been using robinhood at the moment but i wanna save up some more money and get your course and get studying.
I'm in the same exact boat!
looking for steven dux dvd or tim skyes ? email me hotlinexz@gmail. com
Fucking hilarious! "Gun slingers. Ppew ppew ppew!!" Hahahhahahah
I have been burned so hard on overnight holds......if the play isn't there, I don't hold now.
Thanks for the lesson tim.only a piece of the meat at a time.singles add up over time
You're welcome!
I want stocks to trade I just can’t afford it right now. But I hear that it’s great
what platforms you use to trade these stocks?
Tim Sykes = 🐐
thanks!
Nice gunslinging there !
Get some of the meat off the bone! Thanks Tim! Experience, knowledge, Improve! Don't need to get 1000%! A crumb is just fine! Cut your chance of loss! Keep your gain! STAY IN THE GAME! Marathon not Sprint.
Even if I make just a few cents or a dollar is a win for me! I try wait because the stock usually crashes.
👍
Hey Tim, I'm gonna be your next 6 figure student cause I'm gonna study my ass off and show you how dedicated I am with this and I seriously hope and pray I get to meet you and have you teach me!
awesome! 👍 can't wait!
Good Lesson✔︎ Y.N.M♛
NZ - 7
👍
i only enter and hold when the price pulls back
Like this video and still need more help and information please
Caren2trade Fev. 15,2018
By the time, the stock becomes a big percent gainer...isnt it already late?
Paul Meiz Yep. And none of these 'gurus' know how to play them.
1:39 YOU MONEY
🔫 gun slingers pewn pewn pewn 😂😂😂😂
Exactly the same mindset that people have today ; chasing stocks mentality.
Hey Tim, I made money trading $PTI back in Oct too sir. Also made money shorting #UXIN today. All thanks to you and your teaching methods.
where did you get the shares to short?
@@mikiwub3696 Offshore broker, CMEG
Offshore is good online stock for beginner?
when i buy a stock and it goes 800% in a day i always make sure to go to sleep and not sell, cuz you never know it might go another 800%!
Selling early is still a gain. You gain everyday even if it's small you win.
1 percent on 100 bucks for 10 years is worth over a trillion dollars
Yes and on the other side, a lost opportunity is still a loss!
@@TimothySykesTrader of course you want as much of the pie as you can!
It’s so funny how stocks repeat themselves. This is from over a year ago and it sounds like the same stocks from last week.
you start seeing patterns!
LMFAO!!!!!!! Best Video By Far.
Its funny as hell when you impersonate your critics.
So in summary when should you not hold a stock overnight?
Greed and risk management overnight due to variables.
When in doubt.
When its just pumped and youre being greedy.
Help me gage today's NBEV surge Sykes!
Uxin has been going crazy
Millennial
No one ever went broke taking profits
I have learned not to chase. If I don't catch it before it takes off, I stay out.
Thats so not Tim Sykes tho.
You don't need to catch the lions share. Theres many patterns to play after the first pump tho. If youre only trying to catch those hail mary's youre going to get deflated and most likely holding many different shit stocks.
Dont chase the pump... but dont just wait for it either.
Follow what most pumps usually do and recognize the patterns that often occur in many of them. Once you do that you can take your pound of flesh out of a pump.. while not chasing and not waiting for it and not staying totally out of it.
Stock went from $8 to $10 Newbie trader like: “Screw you Sykes you are too old”...and then after 45 seconds, from $10 to $4...Tim Sykes like: “How sharp is the screw that you have on your 🍑 now?.....😝😂🤣😝😂🤣😝😂🤣...Thanks Tim for trying to be the wisdom that many young and even old guys don’t wanna listen...👍👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼💪🏽 “Respect”...!!!
Greed=loses
💯
He recorded this October 18 haha
Yeah, why does he post his videos so late?
@@user-fd7yr2ov2l Many variables. Could want to edit the videos some more. Could want to save time by making as much vids in a day. Could want to get more attention for marketing by posting once a day. Could not want to overwhelm us by tossing many videos in a day or two. I know many ppl i'm subscribed to that do that and im over here looking to keep up lol
how do you know?
@@FutureWei Said a stock spiked tuesday or something but I checked when it spiked and then it was octo 18. Inductive reasoning broski
❤️
A stock is always great to hold.. it goes up over the decades! With a good company like coca cola
never say "always" in trading 😂
@@TimothySykesTrader ok im 99.9% sure coca cola wont die haha
Castrated choir boy 🤣🤣🤣
lol gunslinger.
It’s a marriage not a marathon.. because the stock market is always up and down, and it will take you the first years to adopt the patterns and learn the strategies just as you need to spend the time with your partner/the market.. then remember 90-95% are losing/unhappy or divorced with their relationships!!!
🤣🤣🤣
great analogy!
Hey, you finally decided to change that Gucci shirt!
Lool
i millioner treider in KYRGIZSTAN
as an expert of crypto, I know exactly what u mean :)
U know how to make money but u dont know how to lose money. In other words u know how to raise funds but u dont know how to invest. You lose money at first but then u make profits. Some profits are not material.
on the contrary rule #1 is cut losses quickly and I have TONS of small losses, go read tim.ly/thebestrules apology accepted in advance for your laziness in this matter
@@TimothySykesTrader A personality right there lmaoo. ^
Lol no word for that kind of special
Cool but stfu. Lol. Nick is a azz kizzer.
Thanks Tim
You're welcome!💯