Two Ways to Play Penny Stocks
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- Опубликовано: 30 июл 2024
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Stock patterns can morph and change. You don’t always know how they’ll change ... but you can work hard to be a self-sufficient trader. Here’s how you can adapt and take advantage of more opportunities!
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I love stock patterns. They help traders make educated decisions about trades ... and that’s why I focus so much on them in my teaching.
But here’s the thing: you can’t always know exactly how a pattern will evolve. You can do your best to look for clues, but the reality is that patterns can morph and change.
That’s why it’s so important to understand a pattern’s mechanics. This allows you to consider potential variations. You think about it rather than just memorizing a pattern and expecting it to be the same every time.
In this video, I’m presenting at TradersExpo Chicago with Tim Bohen, the lead trader at StocksToTrade. We break down how a stock pattern can play out in different ways, using the recent runner DCGD as an example.
We’re looking at the chart over different time periods and discussing different ways to make the play at different entry points.
This is a stock that went from 20 cents to 60 cents within an hour at one point ... So how you play it during a period of volatility like that is very different from when it’s losing value.
You can learn a lot of lessons from tickers like this.
I talk about why I love trading volatile stocks ... but also how I’m totally happy getting out with little profits - and why that matters.
Bohen talks about how clear, obvious setups are what traders should look for ... even if they’re sketchy. We clue you in on what to look for on a stock’s chart to see if it’s a promising trade. We share how you know when to get in, when to get out, and when to move on…
... and we share how to take advantage of the trade no matter which way it moves. Failed breakout? Consider short selling.
You can play some stocks more than one way ... But you gotta learn the importance of discipline and the right mindset. Most traders get greedy when they’re up and don’t take profits. Or they get too scared when they’re down and don’t cut losses. Don’t fall into these trading traps!
Remember: even if the stock doesn’t do what you think, it’s still possible to find opportunities - if you’re able to adapt.
How do you look for trading opportunities? Leave a comment if you’re an adaptable trader!
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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.*
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* 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...
How do you look for trading opportunities? Leave a comment if you’re an adaptable trader!
firstly Sir, id like say you are a true inspiration as a penny trader. I did my research on you and just bought the book you recommended "The Complete Penny Stock Course by Jamil Ben Alluch Paperback 1st Edition
". i will be starting medical schl next year and i really want to start trading (with hope of paying for med schl loans in the future) on the side after reading the guide book but im afraid my grades might suffer if i trade and juggle med schl work simultaneously. since you have an immense experience of how time consuming and demanding trading is, my question is would you recommend me postponing trading till after i finish med schl to fully concentrate on my coursework or do you think its something that can done on the side with med schl?
Studying the past, looking at top percent gainers to see if they match a familiar setup, making a trade plan
Using Stock scanners i how I find hot picks
Dear Tim, next Tim please do not bring second speaker - who keeps cutting your presentation - and oh boy, what an aggresive and loud intrusion - it is like shouting competition
Awesome video, short and sweet, very comprehensive as to why and how to buy a first green day. Thanks Tim(both of you!💯) The message boards are funny as hell sometimes😂😂😂
lol, glad you liked it!
Great video guys! Cutting losses quickly, 3rd week in, and I'm still up. ;) Total newbie, but focused!
🙌💯
Tim i have been buying the oil penny stocks with the passing of the trade deal and upcoming phase 2 deal.
How's it going?
@@TimothySykesTrader pretty good. :)
Thank you so much for these videos, your insights get my wheels spinning! I love it when you talk about trader psychology. You need to tell me more about how these "degenerate gamblers" operate. Who do they follow, where do they find their stocks, and what makes them decide to dump their paychecks on a stock?
Glad you liked it! I don't spend too much time worrying about that- focus on what you can do to succeed
I really like the way you teach your sniper mentality.
Thanks, glad you like it!
Great Video lesson :)
Glad you liked it!!
This same concept goes for listed stocks?
Thank you sir.
You're welcome!
I love all your videos Tim, thank you so much for your teachings 🙏
I dont like the way that other guy interrupts, kinda annoying
I look at penny stocks opportunities as a challenging game. I’m passion of analyze the news, the catalysts, the patterns, and gather all the available info to make my decisions!! Very excited to grow up in my new career, can’t thank you enough for the opportunity, and the lessons. Very useful.
just finished watching supernova training videos and got 👀 on watch list you shared.... you're awsome!
keep it up! Glad to have you along!
Timothy Sykes always 👍🏻
Thanks Tim
You're welcome!
I've still got a lot to learn. I have ALL of my temptations in check. I'm a sponge and I'm learning all I can. Not rushing the process.
Thanks for this to both Tims.🙏🏾🙏🏾🙏🏾🙌🏾🙌🏾🙌🏾
Good- you're doing it right!!
We wanne see NEW chart video’s and revieuws of your trades! Not always talking, and yes i already have the right mindset
love the feedback!
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First comment :)
Nice! Thanks for commenting
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