I'd like to welcome anyone with any questions to message me or email me as i would love to be a part of your success.
For those who are interested in trading penny stock or investing join my group for free: https://www.facebook.com/groups/206449886400926/
My email is : Techbuds @mail.com please allow 48-72 hours for a response.

By Stock Chat

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29 thoughts on “Why you should never hold a penny stock overnight! day trader rule #1”
  1. Avataaar/Circle Created with python_avatars Daniel Sckarin says:

    Shorting penny stocks overnight it's OK.
    Trade not more than 10% of your capital.

  2. Avataaar/Circle Created with python_avatars Chris Cube says:

    If you buy a penny stock at $0.16 per share and put in $1000 that's 6,250 shares if the price bumps to $2 per share you make over $12,000. Saying a penny stock is a useless company is wrong. Ford went to $1.01 at one point. Tops used to trade at $350,000,000 per share its $1.32 now. Prices change.

  3. Avataaar/Circle Created with python_avatars Jeremy Corne says:

    Take his advice with a grain of salt. Nothing is black and white. He is not saying that you can't make a profit from holding a penny stock overnight, he is saying that it is generally best practice NOT to due to its volatility. There will always be examples to the contrary and nothing is black and white. It's up to you to do your DD.

  4. Avataaar/Circle Created with python_avatars Big Papi says:

    I’m getting killed on NVCN!!

  5. Avataaar/Circle Created with python_avatars Mike Hughes says:

    I've actually completely shifted my strategy over to overnight holds only. High volume high gainers going into close with momentum, I buy 10-15 minutes before close. Sometimes they gap up overnight, sometimes they don't, but rarely gap down. They seem to always have a very quick spike right at market open due to high buying volume from people putting in orders after hours, hoping for a second day run from the previous day's high gain. The spike is very quick, I usually sell within the first minute or 2 of market open. Sometimes the spike is 1%, sometimes it's 10%, but I rarely end up taking a loss. The advantage here is for somebody like me who has a small account (less than $25,000) and can't make multiple trades, I'm able to make a trade every day without worrying about the PDT rule. Also, I work full time during trading hours and can't look at charts or keep up on news throughout the day. I also quickly research the company and avoid next day pre-market earnings, and avoid companies with pending news (FDA approval, reverse split, etc.) I've grown my account 135% in 3 months using this new strategy.

  6. Avataaar/Circle Created with python_avatars Seaze says:

    Wouldn't the threat be greatly diminished with a trailing stop loss set? Could somebody please answer this?

  7. Avataaar/Circle Created with python_avatars Ryan Garcia says:

    just lost $98  on a $1000 account by holding overnight. good thing I got out could have been way worse. never again! Glad I learned the lesson though it reinforces  rules when you go through the mistakes. glad it was a small one.

  8. Avataaar/Circle Created with python_avatars Derrick Barker says:

    wow, one of the best advice ever, I just started this penny stock trading, i fell in the overnight trading issues and loss 20%. It was a eye opener. I should took the 5% gain kept it moving

  9. Avataaar/Circle Created with python_avatars xAI says:

    Please make more videos of your mistakes, so we can all learn from them.

  10. Avataaar/Circle Created with python_avatars Realist Gaming says:

    So what, in your opinion, would you do if you buy a stock, that morning, and it doesn't move at all during the day, regardless of volume? Are you swing trading it, or just trying to get out at the end of the day?

  11. Avataaar/Circle Created with python_avatars Eli Chouinard says:

    1. Shorting over night on penny stocks is great.
    2. Dont keep a stock over night if its only trading at a dollar??

  12. Avataaar/Circle Created with python_avatars Certified says:

    I invested 1300$ on DCTH and held it over night… the value increased 35% LOL

  13. Avataaar/Circle Created with python_avatars Jhon Delv says:

    You have to look the Yearly first before you decide to hold anything. The stock is choppy and it was very high.

  14. Avataaar/Circle Created with python_avatars Josholutely Entertainment says:

    Thank you for the advice Ricky!

  15. Avataaar/Circle Created with python_avatars ben garcia says:

    Ik someone gonna say i should already know but whats the name of the intro song

  16. Avataaar/Circle Created with python_avatars Gabe T says:

    damn

  17. Avataaar/Circle Created with python_avatars The UnDetected Music says:

    What is considered overnight? The actual night or 4pm when the market closes? I'm a newb

  18. Avataaar/Circle Created with python_avatars Cody Buresh says:

    do you think dryships can get back up around $2 again or would it be smarter to cut?

  19. Avataaar/Circle Created with python_avatars Carlos Q says:

    how you join the group chat

  20. Avataaar/Circle Created with python_avatars Gregory Gesek says:

    what are your other two rules?

  21. Avataaar/Circle Created with python_avatars nks432 says:

    Holding overnight would be an ideal strategy for shorting though… right?

  22. Avataaar/Circle Created with python_avatars Malion W says:

    is that flag hanging backwards or is it the camera…

  23. Avataaar/Circle Created with python_avatars Derek Haney says:

    wel I've been holding rox ands it's paying off

  24. Avataaar/Circle Created with python_avatars wisdomwithwit says:

    Im holding over the weekend. Lol. What can I say I'm a gambler at heart. Thanks for posting up the vids and the FB page.

  25. Avataaar/Circle Created with python_avatars Zohaib Saqib says:

    please do what indicators you use. Also do what are Bollinger bands and rsi

  26. Avataaar/Circle Created with python_avatars Pablo Diaz-Buscio says:

    what do you think about $LINC?

  27. Avataaar/Circle Created with python_avatars Recalibar Gearz says:

    How do I sell a penny stock on the same day without risk of getting flagged as a pattern day trader? Thanks

  28. Avataaar/Circle Created with python_avatars Chems Eddine says:

    thanks for your great video as usual very helpful.
    I was hoping that you will make a video about proper risk management ?

  29. Avataaar/Circle Created with python_avatars Nishka Anna-lee says:

    That guy that held USRM is banking though 🔥🔥 lol

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