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Traditionally, penny stocks are single digit stocks in the $1 to $9 price range. Traders tend to rush into trading these low-price stocks because they need less buying power, and can trade them with a smaller account.
It’s important for you to learn the “Rule of Ten.” Instead of trading a thousand shares of a $1 stock, you trade a hundred shares of a $10 stock. If you get a 10% or 20% move, you'll make the same dollar amount.
Use the power of StocksToTrade to scan for these stocks higher than $10 and know that you don't have to deal with the crazy volatility of the penny stocks. Trading the higher-priced stocks can help you learn those techniques, hone your skills and discipline. Then when you're good at taking a stop, when you're good at taking a profit, when you've refined your process, apply that to the low-priced stocks.
#StocksToTrade #PennyStocks #HigherPricedTrading
*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.
Try StocksToTrade for 14 Days for $7: https://bit.ly/2VoHRhg
Traditionally, penny stocks are single digit stocks in the $1 to $9 price range. Traders tend to rush into trading these low-price stocks because they need less buying power, and can trade them with a smaller account.
It’s important for you to learn the “Rule of Ten.” Instead of trading a thousand shares of a $1 stock, you trade a hundred shares of a $10 stock. If you get a 10% or 20% move, you'll make the same dollar amount.
Use the power of StocksToTrade to scan for these stocks higher than $10 and know that you don't have to deal with the crazy volatility of the penny stocks. Trading the higher-priced stocks can help you learn those techniques, hone your skills and discipline. Then when you're good at taking a stop, when you're good at taking a profit, when you've refined your process, apply that to the low-priced stocks.
#StocksToTrade #PennyStocks #HigherPricedTrading
*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.
Here you go again reading my mail. I hate being average, the 90%, but that's my drive; hit the books, videos, and tune in to this crazy guy at 8:30am on weekdays, he's the best… period! TY TB.
I cant seem to trade below $1 stock, i can't compute the correct % and risk reward, i messed up the maths XD
Thanks Tim
Would you have the how to create a checklist video of yours to share?
Stock market closes on Good Friday in April. So does Good Friday count as a 5th day in the week although the market is closed? Thx.
I'll start looking at higher priced stocks, if anything I'll have a couple on my watchlist that I may be able to make a play off of. Taking it day by day, right now for me it's finding my process and refining it to get consistently profitable.
I would like to start trading as a small account trader. But finding it difficult choosing right trading platform. I live in UK. Any advice please
Sound advice.. You got it
Mr Bohen !
Eager to learn more!!
If a stock has range and volume money can be made even with a couple hundred shares. Gains add up and cut those losers. Prepare, plan, patience, discipline. Stick to your rules as Kunal says “you chase you die”!! 🤓
In spanish pleaseee
Have you tried trading higher priced stocks? How has it worked out for you? Let's hear it in the comments below!
Small cap land is what's moving lately, too many tickers too list here.