What are the pros and cons of trading penny stocks? Subscribe here to get INSTANT alerts when I post a new video outlining my penny stock trading techniques: https://goo.gl/poGZTm
0:05 A lot of people ask me: what are the pros and cons of day trading penny stocks? There are a lot of pros and a lot of cons, and you need to know all of them.
0:15 Ninety percent of traders lose money in the stock market. You have to understand that this is a very tough game to master.
1:05 One pro is that because penny stocks are priced very low, they are affordable.
1:30 Another pro: there is not that much competition because penny stocks are commonly looked down upon by just about everyone.
1:55 A con that goes along with that is that there’s not that much money to be made when you’re trading penny stocks.
2:30 That brings me to another pro: you don’t need more than a few million dollars in your life. I know billionaires who are miserable. You just don’t need that much money.
2:50 I’m never going to be a billionaire, and that’s fine. I’m ok with it.
3:00 Another con is that there are liquidity issues. You can’t take a $100,000 position immediately in any penny stock.
3:40 A pro and a con is that every company says they have the next big thing. You have to be aware of the scams.
4:15 I like to think of all penny stocks as though they are all scams.
4:30 Another con: you’re never going to get any respect. Everyone will look down on you because they think you’re a scam because you are investing in penny stocks.
5:00 It’s also a con that people look down on you because that means less competition.
5:30 I want to teach you the pros and cons of trading penny stocks.
If you want to learn how to day trade, apply to be my next millionaire student here: https://www.timothysykes.com/millionaire-challenge/
Thank you for the time stamps in the description, that was very considerate of you. <3
Love watching your informative videos Tim … I’m about to invest $5000 after blowing a $1500 account more than a year ago. Feeling confident!
Great video! 90% of traders lose money and 100% of traders will make losing trades. Easy to get discouraged but just gotta keep studying and pushing further! Thanks for the upload!
of course I want to be a student…I just don't want to pay 6 grand a years for it
I'm new to the stocks market i need a good software any recommendation
Would you say breakout still work?
Hey Tim thank you for all the information you share with us and all the work you put in.
Thank You Tim.
Go in eToro!
I don't need more than 5 million dollars in cash and assets combined to live a full and rewarding life.
wish i could go on trips wid ya mang!!!
i dont want to be that cynical. if i have kids, they will hate me. i dont know, i have to figure out a way. once i do ill share it. help me God, Satan, my future children, flowers, trees, people, stars, constellations and everyone and everything else.
Hello Timothy!
I have been following you in networks for a long time, I would like to become your pupil, but my English is still bad. Therefore, I do not know how, I can give advice. I myself am from Kazakhstan, the city of Uralsk, trading for about 3 years.
stock is going up guys -> potential supernova! potential supernova! BOOM SUPER NOVA BABY -> stock cracks and I SHORT SHORT SHORT. Not going to lie, super-nova is damn beautiful. Just watch out for the SNORE!!!! It's really not that hard, but it is only easy if you studied for a year of technical analysis, then you watch Tim's dvd's and study. But, you say there aren't algorithms, I'm a java programmer, and I can code automated systems, but, listen here, as an algorithmic trader, I actually like the fact that the billionaires aren't putting their money into algorithms for penny stocks.
I’ve applied. I’ve had the interview. I need just 5 minutes of your time PLEASE.
Here's my question Tim so what do you do when you don't see any potential plays for the day?
Thanks, Tim. I love it so much. You, Americans, really happy, because even garbage man can trade penny stocks on US market. But for me, it is a real challenge. I will get into penny stock market or die.
Yep, I'd be I will be prepared!