Interested in trading penny stocks? Tim Bohen is breaking down the top five reasons day traders choose to trade penny stocks.
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Stock Trading 101: A Day Trader's Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
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In traditional terms, penny stocks are stocks that are sold for less than $5 per share. The biggest reason that people are attracted to these stocks, is because they can make extreme moves over a short period of time. Penny stocks can make 100 - 300% moves in minutes while other stocks can take months or years to move 10 - 20%.
The second reason to trade penny stocks is the ease of entry, or liquidity. Popular penny stocks can trade 10 - 100 million shares a day, maybe more! That means there are plenty of traders buying and selling these shares, which is what day traders are looking for. They want to be able to enter and exit a trade with ease, and liquidity helps with that.
The third greatest thing about trading penny stocks is that diligence pays off. The smartest bankers don't really care about them, and you may uncover information sooner. Maybe you find something in an SEC filing or see the press release first. It's very possible using StocksToTrade, that you can be one of the first people to see a new product or a new contract announcement and be the first one in that stock. You're probably not gonna know about the news first with something like Apple.
The fourth reason that penny stocks are attractive to traders is that they create opportunities for long or short trades. The great thing about short selling is you can make a move when a stock declines in value. If you're a long bias trader, you can target trading when the move starts, when the press release hits, when the earnings are announced. If you're a short bias trader, you can wait for the stock starts, and you can look to short the backside. You could even trade one penny stock several times over one day, long and short.
The fifth thing to love about penny stocks is the freedom of the trading lifestyle. You can spend time with your friends and family, make time to enjoy your hobbies, and penny stocks will always be there.
#StocksToTrade #PennyStocks #DayTrading
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
π΄ Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/F4KD0g919a4
β Links we mention and recommend:
Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/
Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist
Check out the SteadyTrade podcast: https://steadytrade.com
β Recommended video: https://youtu.be/boOgWjzLisE
β Recommended playlists:
Stock Trading 101: A Day Trader's Guide: https://www.youtube.com/watch?v=G_v3GMkKCjk&list=PLWWz2BSabm3bG64ohfJ-CnnVTjLCWwvei
Advanced Stock Trading Tips: https://www.youtube.com/watch?v=OXLs_-PgMUk&list=PLWWz2BSabm3YCZdk7ocrBXGJaLVXXFUYb
StocksToTrade Software Tips and Tricks: https://www.youtube.com/watch?v=jiTi-chHNyo&list=PLWWz2BSabm3ay_lvQC9JN_1niB78bI7ga
Weekly Trading Recap Videos: https://www.youtube.com/watch?v=_n0XaDt1XFY&list=PLWWz2BSabm3b3-4DcEx98TzNPLAKcq6ES
β Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
In traditional terms, penny stocks are stocks that are sold for less than $5 per share. The biggest reason that people are attracted to these stocks, is because they can make extreme moves over a short period of time. Penny stocks can make 100 - 300% moves in minutes while other stocks can take months or years to move 10 - 20%.
The second reason to trade penny stocks is the ease of entry, or liquidity. Popular penny stocks can trade 10 - 100 million shares a day, maybe more! That means there are plenty of traders buying and selling these shares, which is what day traders are looking for. They want to be able to enter and exit a trade with ease, and liquidity helps with that.
The third greatest thing about trading penny stocks is that diligence pays off. The smartest bankers don't really care about them, and you may uncover information sooner. Maybe you find something in an SEC filing or see the press release first. It's very possible using StocksToTrade, that you can be one of the first people to see a new product or a new contract announcement and be the first one in that stock. You're probably not gonna know about the news first with something like Apple.
The fourth reason that penny stocks are attractive to traders is that they create opportunities for long or short trades. The great thing about short selling is you can make a move when a stock declines in value. If you're a long bias trader, you can target trading when the move starts, when the press release hits, when the earnings are announced. If you're a short bias trader, you can wait for the stock starts, and you can look to short the backside. You could even trade one penny stock several times over one day, long and short.
The fifth thing to love about penny stocks is the freedom of the trading lifestyle. You can spend time with your friends and family, make time to enjoy your hobbies, and penny stocks will always be there.
#StocksToTrade #PennyStocks #DayTrading
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
Are there any pros or cons of trading Nasdaq listed penny stocks as opposed to OTC stocks?
Thanks Tim
no
I know someone that trades penny stocks…ME……
I make 100% of my profits with penny stocks under 3$. I dont touch penny stocks over 3$.
amazing i am in europe so who is the best stock broker in europe
Thanks Tim B
stocks to trade is it broker or is it just websate
No
Stocktotrade software can i use in india, if not develop a software for indian people thank you
Yes.
Do you know anyone that currently trades penny stocks, or has traded them in the past? Give me a yes or no below.
Let's make that money