What's a pink sheet stock? And how are they different from other types of stocks? Today, Tim Bohen will teach you what you need to know about this niche of stocks. Here’s how you can trade them and what you need to know before you do...
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You’ve probably heard the stock terms ‘listed’ and ‘over the counter’ (OTC) before. A listed stock is a stock that trades on Nasdaq or the NYSE. These are ‘real’ stocks — the companies are typically more established and usually have a track record. Often, they have actual products you can buy.
And you can day trade them with extreme volatility...
So what's different about the OTC stocks like pink sheets and gray sheets? These are the most speculative of speculative stocks. They're the true penny stocks. What's great about these stocks is that nearly everyone knows a lot of these companies are scams.
Many of them will go out of business. And if they manage to stay in business, they'll probably pivot from a weed company to a gold company to a blockchain company, and so on. They're always out there trying to raise money and sell more stock.
So you're really only trading the chart. Don't believe in the fundamentals of any of these companies — it's very hard to find accurate information.
Now, how should you trade OTCs or pink sheets? Run scans and look for breakouts. It can be multi-week, multi-month, or, even better, multi-year ... The longer the break out, the more likely it is to continue. Watch for a pink sheet with a story behind it. If it’s trading unusual volume breaking multi-month, multi-week, multi-year levels, that’s a stock you might trade.
Key takeaway here: Never believe the stories or financials on these stocks. Can you trade them? Absolutely. But know what you’re doing. Trade them strictly from a technical standpoint.
#StocksToTrade #OTCs #PinkSheets
*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.
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
Share this video with a fellow Trader: https://youtu.be/-SQjSkVpHEw
✅ 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
✅ Recommended video: https://youtu.be/gGz61J7Rz8c
✅ 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
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You’ve probably heard the stock terms ‘listed’ and ‘over the counter’ (OTC) before. A listed stock is a stock that trades on Nasdaq or the NYSE. These are ‘real’ stocks — the companies are typically more established and usually have a track record. Often, they have actual products you can buy.
And you can day trade them with extreme volatility...
So what's different about the OTC stocks like pink sheets and gray sheets? These are the most speculative of speculative stocks. They're the true penny stocks. What's great about these stocks is that nearly everyone knows a lot of these companies are scams.
Many of them will go out of business. And if they manage to stay in business, they'll probably pivot from a weed company to a gold company to a blockchain company, and so on. They're always out there trying to raise money and sell more stock.
So you're really only trading the chart. Don't believe in the fundamentals of any of these companies — it's very hard to find accurate information.
Now, how should you trade OTCs or pink sheets? Run scans and look for breakouts. It can be multi-week, multi-month, or, even better, multi-year ... The longer the break out, the more likely it is to continue. Watch for a pink sheet with a story behind it. If it’s trading unusual volume breaking multi-month, multi-week, multi-year levels, that’s a stock you might trade.
Key takeaway here: Never believe the stories or financials on these stocks. Can you trade them? Absolutely. But know what you’re doing. Trade them strictly from a technical standpoint.
#StocksToTrade #OTCs #PinkSheets
*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.
Thank you so much
Pilbara mines supplies 9% of lithium in the world, why are they a pink otc stock.?
docrf & truff
pink sheet stocks can you use a trailing stop?
You forgot also Tim Skyes Morning Panic after a Parabolic move. The first or second red Day. Buying the Dip with a drawdown of 30% or more and looking for a Double Button or Consilidation Area and waiting for the Spike. This is my Entry Point !
Today i bought a pink sheet stock and it gave me a commisson fee? Just not sure what that means
I look for a OTC that's good constantly bringing good news and keeps the hype flowing to lure in more buyers! I like what you said about the longer it takes building up for a break out the better. Great info
"worthless stocks, trade if the volume is weird, use this if you're a technical trader" none of what you said actually sets the basis nor explanation of what an OTC actually is. Super confusing and not a supportive headline to the context ratio.
How can we contact you sir ☺️
Huge respect from Nepal
What u think about $catv?
I like your videos. Can you send me holiday card of Stocks to Trade to my own House at: 248 west Alexander Street, Chicago IL 60616 United States. My name is Nick Kwan. My Birthday is June 6th.
In This Video is no answer to Q: HOW TO TRADE THEM ? Where can I buy pink sheets ?????? On the street? In bank ? Where ? Where ? Where?
Non of trading applications offer those stocks. (at list non of those I am using)
kick booty!
Hello, Newbie here,Love the approach of trade strictly on the charts. Listed stocks take a lot of time to get the whole story, It's like being forced to meet the whole extended family of your girlfriend before even deciding to marry her ! LOL
Hi, could you kindly provide a review for hcmc stock please, I would really appreciate. Thanks
I had some stock on the ask the company was taking over then it appears on the otc why would that be.
Pink stock is otc lol
Is there ever a time to hodl a pink sheet/OTC/penny stock or is it naive to think it could be listed one day?
I have a large Fidelity account and small Robinhood acct:
If the little guy can't get the stock on Robinhood I usually stay away…… I want my position to be available for most to jump into….
I feel safer this way for some reason…. Excellent Video
I'm confused, because I look at Nintendo for example, and it shows that it is a pink sheet stock but they obviously have tons of assets, products, profit. So what am I misunderstanding?
I disagree. I use fundamental analysis on otc stocks too. Just gotta pick the right ones
Hello friend, great information ℹ️..I’ve been trading OTC’s in Fidelity, however it does not alllow pink sheets and it doesn’t give me any options and I have lost a deals of potential trades. Whats your advice on that?
You sir gave meaning to my life in the world of otc. I have spent hours the last 3 days looking for fundamental analysis on them and barely find 1 news if any but no fundamentals. You simplified my life. Thank you. Now time lose some money 😃👍
Can a listed company on OTC be a real company and be something like Apple or Amazon one day?
Yea but what platform can I use to to trade otc stocks
What a great info! I now have a better understanding of the OTC
…for anyone whose listening…on Fidelity…I was looking for any OTC that had anything to do with Bitcoin…bought 37,600 of CBTC for total investment of 36.00$–when BTC shot up, I had about 191.00$ in profit…YOU KNOW I SOLD THAT QUICK!
It is possible;o)Blessings and happy trading!
How can I buy OTC stock using apps ? Robinhood won’t allow OTC stock and same with Fidelity.
Any thoughts on LKNCY getting over $5 today? Are they officially off the pink sheets if its over 5 bucks US?
Im new here and went blind on scna and really just holding w8ing to get order filled have you had any experience with this ticker symbol if not how would you trade if you had it ? Plz help! Lol. Reply would be nice ty.
Do you strictly trade technicals?