Top 5 Trading Terms to Know to be a Successful Penny Stock Trader

Timothy Sykes

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What are the essential stock market terms that beginners need to know? Subscribe: https://goo.gl/poGZTm to get INSTANT alerts when I post a new video outlining my penny stock trading techniques. 0:30 Number one: you need to know what a penny stock is, because, for me, that is the ideal kind of stock. Most people ignore penny stocks, most people hate on them because they're very speculative. If you've seen the movie The Wolf of Wall Street there's a lot of scams. Penny stocks are any stocks trading under $5 a share. 1:30 One penny stock jargon pattern would be "the first green day."The first green day is a very good pattern, because that means that the stock is up quite a bit in one day, ideally the stock has some news, there's a reason why it's up, and if you choose the right pattern, if you choose the right news, which is what I wanna teach you. How to speculate, how to see what is good news that has legs, what is news that probably won't influence the stock after the first day. If you choose the right news, if you choose a first green day pattern, usually a penny stock will spike quite nicely on day two. 2:00 I don't ever try to predict penny stocks out of the blue. I don't say, oh this is a good company. This is a good technology. That's a guessing game. What I do look for is that first green day, because that is a pattern, and I have tons of patterns that I will teach you. But the patterns are what give me the odds. 2:30 There's a key term for you: odds. Probability. What are the odds of success on any one of your trades or investments? Many newbies just try to buy anything. They just try to trade anything. They don't know what they're doing. They think it's like the lotto. Their odds of winning are very low. Not just one trade, but in the long run. The odds of becoming a millionaire are infinitesimal because you don't have a strategy. You're not meticulous. 3:00 Here's a key term for you: cutting losses quickly. Three words that are gonna change your life, because no matter how successful I am, no matter how much experience I have, and no matter how successful or experience you have, guess what? You can be wrong on any play, and if you don't cut your losses quickly if you say, oh I know I'm gonna be right eventually, you risk turning a small mistake into a potential big disaster. Don't let that happen. 4:00 My top students and I have become millionaires in a few years, but we also lose 30 to 40% of the time. How did we turn a few thousand into a few million when we lose so often? Because our losses are small and contained. We have learned to minimize our losses. Even when we're wrong, we are disciplined so that we cut them. That's one tip that I have for you as a newbie. Tip number two: focus on hot stocks. I focus on big percent gainers.* 5:00 Three words: big percent gainers. If you use a software like StocksToTrade, which I highly recommend, stockstotrade.com, you can see the list of the biggest percent gainers that are penny stocks, and if it has the right news, if it has that first green day pattern which I briefly explained, guess what? Those big percent gainers on one day can become a big percent gainer on day two, or day three or day four. That's the beauty with penny stocks. * Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/

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