How To Trade Penny Stocks In The Morning
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Do you know what makes you a self-sufficient trader? How do you find the next opportunity? Here’s what you have to watch for every day.
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Today is April 16, 2020. I just celebrated my birthday yesterday. Even in lockdown, I’m still so grateful to be blessed with another successful year of teaching and trading. A lot of my students and I are STILL finding great trades in this volatile market.*
No trader wins all the time — even after many years of trading, I still make mistakes and lose money.
That’s OK — I’m not ashamed to admit when I mess up. That just lets you know I’m REAL. Sometimes I miss trades or exit trades too early. I don’t see it as a loss. There’s a lesson to learn in every single trade.
In this video, I’ll show examples of how prepared a lot of my students are, and why it’s crucial to learn from the past. There are SO many different setups. Everyone has their go-to patterns. You have to work and study to find your go-to patterns and setups.
And don’t get greedy. Remember, small wins can add up over time.
A lot of people ask how my students and I know which stocks to watch. What they don’t see is the hard work and dedication that goes into understanding how a company’s chart will play out.
Here’s the thing, most penny stock traders are unprepared. And with a lot of trades, you have plenty of opportunities to enter. This is why I love this niche so much.
So you have to study the charts and history. You have to choose how you wanna trade. That’s how you prepare — and that’s how you can do better than the 90% of traders who fail. If you’re waiting for me to give you hot picks thinking that's all it takes, you’re in the wrong place. That’s NOT what my lessons are about.
There are so many different ways to study penny stock charts. There are so many patterns.
For now, the smartest thing you can do is study the past, sit on the sidelines, and only trade when there’s a good setup.
What do you think? Do I overanalyze or is it better to know these patterns from the inside out? Leave a comment and let me know!
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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: https://www.timothysykes.com/terms-of...
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