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It’s said that roughly 90% of traders fail. Especially with low-priced stocks. But there’s one thing that greatly contributes to that with new traders. Tim Bohen’s here with THIS one tip that can help save your account. Don’t miss it!

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If you’re a new trader who’s looking at low-priced stocks, you need to understand they’re trading vehicles. Sure, a stock’s a stock, but they’re certainly not all the same.
You can NOT buy and hold, swing trade, or long-term invest in penny stocks the way you can with blue-chips. Instead, these stocks can be an opportunity to grow a small account on your journey to becoming a consistent trader.
Tune into the video for a chart example on the one stock Bohen loves to hate — J.C. Penney (OTCPK: JCPNQ). Note the Q at the end of the ticker. Yep, this failing retail company is in bankruptcy.
So what’s up with JCPNQ?
Recently, it was in the news. Two big-name hedge funds were set on rescuing the retailer. So the stock perks up and shows up on everyone's scanners. And then you get Twitter and chat room pumpers saying it’s gonna keep going.
Two different types of traders buy in.
You’ve got your seasoned traders. They see the news and buy in on the OTC gap, prepared for the gap up at the market open. Traded intelligently, this could be a FAT profit on a dying company…
Then there are the newbies. They tend to believe in the idea of the news more than the chart's history. When they buy in, they hold and hope.
Never believe in these stocks! Most penny stocks fail. Don’t hope for a home run. You gotta get used to taking singles, doubles, and maybe triples. Don’t be a bag holder. If you’re wrong, get out.
The number-one mistake you can make as a new trader is not having realistic expectations.

#StockMarket #NewTraders #DayTraders
*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.

By Stock Chat

where the coffee is hot and so is the chat

23 thoughts on “New trader? this one tip can help save your account”
  1. Avataaar/Circle Created with python_avatars Jeremiah Henning says:

    So I made the same mistake a couple months ago and am now bag holding $SKLZ at a 30% loss. Hoping it will turn around. Live and learn?

  2. Avataaar/Circle Created with python_avatars ron rocheleau says:

    Great video / I’m learning something

  3. Avataaar/Circle Created with python_avatars AL FARM LIFE says:

    Ha true it's 0.098usd !Poor people

  4. Avataaar/Circle Created with python_avatars Dion Boose says:

    It’s does feel great to finally divorce these busted stocks… I gotta drop the bag off at the front doorstep and walk away 🙌🏾✌🏾

  5. Avataaar/Circle Created with python_avatars Hola! pommie gehlot says:

    Yes . To much believe in bullshit. Cut loss quick if not working out.

  6. Avataaar/Circle Created with python_avatars Thomas Dix says:

    Why do people give a shit about companies!!!! Take your money!

  7. Avataaar/Circle Created with python_avatars shehbazinator says:

    thank you Tim!

  8. Avataaar/Circle Created with python_avatars David Smith says:

    Nope did not fall for it ..

  9. Avataaar/Circle Created with python_avatars Crystal Klug says:

    Thanks Tim for all yr knowledge.

  10. Avataaar/Circle Created with python_avatars Craig Israel says:

    How about that OSTK from $3 to $120 in about 3mos but like ZM they had sales

  11. Avataaar/Circle Created with python_avatars arnoldo marquez says:

    tim i have 500000 ETFM shares you tell thanks

  12. Avataaar/Circle Created with python_avatars Nacho Cam says:

    Trading .28 today 👍

  13. Avataaar/Circle Created with python_avatars Chris Gibson says:

    Thanks, Tim. Absolutely bag holding PURA. Tons of PR with no effort behind it.

  14. Avataaar/Circle Created with python_avatars Florian Hillen says:

    I am a bag holder! I am holding $GLDLF since years, and finally we got what we went for. Now it is up 300% but I am not willing to give up on it. I don't say it can't fall, but the amount of ounces in the ground is so big and I am so bullish on Gold.

  15. Avataaar/Circle Created with python_avatars THE STREETS says:

    HAVENT GOT STUCK YET BUT I LOVE THE REMINDER! Thanks

  16. Avataaar/Circle Created with python_avatars CASEY MORACE says:

    I'm currently bagged in $TLSS Logistics at avg
    .05 and it currently holding at .02
    Fairly new Ceo from Coach doing restructuring and Amazon is one client and they are not bankrupt ???? Your thoughts Tim???

  17. Avataaar/Circle Created with python_avatars Holdmytexan says:

    Thanks Tim, wasn't a bag holder but I got caught up in GNUS when it went full supernova and couldn't get out due to all of the halts. Still ended up with a nice profit but only half of what it should have been lol

  18. Avataaar/Circle Created with python_avatars cwclifford says:

    I've been thinking the best trade on some bags I'm holding is to just let them go. Thanks for confirming I'm making the right choice.

  19. Avataaar/Circle Created with python_avatars cwclifford says:

    Good stuff, Tim!. Just look on StockTwits for some sadness on $JCPNQ. I got out with a small loss and there are some dreamers there stuck on false hopes.

  20. Avataaar/Circle Created with python_avatars Aanko Rai says:

    This is gold!

  21. Avataaar/Circle Created with python_avatars Ruckus says:

    Voice

  22. Avataaar/Circle Created with python_avatars Shaun Shutes says:

    The greedy part im beginning to realize. Literally telling my friend to stop being so greedy. A Homerun had turned to a L for me (75% return in 3 hrs. Held for more, sold a month later at 20% loss), telling me I hadnt learned my L.esson.

  23. Avataaar/Circle Created with python_avatars Will Beebe says:

    60 days ago I would have been that bagholder on this stock. Guaranteed i would have been. 100%. The SteadyTrade Team taught me to take my double and be happy and move on.

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