1st Pennystocking Silver Vid - My notes
Penny Stocks Are Not Investments
95% of them will be bankrupt in less than 10 years. They are to be used for day trading and making 20% of risk every time.
Don't try to be a value investor. That is not the way to work penny stocks. Stop trying to justify penny stocks mathmetically as investments. All of them are scams and junk eventually crash. Your objective is to make money while they are pumping and dumping as they will all end up at $0. This is a truth that it is important to know. It may take months, or sometimes even a couple of years, but it is the same damn pattern. REALIZE THIS AND WORK WITHIN THIS FRAMEWORK.
Most penny stocks are scams or junk. Don't pay any attention to the mailers from advertisers. Tim has played many of these stocks in the past and they will eventually end up at $0. THEY ARE NOT INVESTMENTS. GET THIS OUT OF YOUR MINDSET! PENNY STOCKS ARE NOT INVESTMENTS! They are a game that you play on a daily basis. NOT INVESTMENTS!
The patterns are always the same and have been for decades.
When you play with a stock you can't walk away for even a minute. Trade like a coward.
LEARN TO SHORT SELL PUMP AND DUMPS!!!!!
This is where you will make your daily dollars. LEARN SHORT SELLING!!!!
A margin account is needed to short shell. A margin account must have $2k in it to short sell. Short on the first red day.
PENNY STOCK TRADING IS NOT INVESTING!!!!
2nd Pennystocking Silver Notes - These are my notes. Everyones notes will be different as everyone has a different background.
Learn the patterns and when to see the first green day. This seems to be a problem for me currently. I need to learn how to see the first green day. THIS IS IMPORTANT.
Learn what resistance is. Learn to recognize what a breakout is.
I need to watch this one again.
#4540-4543: Learning From A Trader Who Made $150,000 In January by timothysykes
Notes to Self
LET THE PUMPERS DO THEIR THING AND LEARN SHORT SELLING!
SHORT SELLING IS THE WAY TO GO WITH PUMP AND DUMP ADVERTISED SYMBOLS! LEARN THIS. STOP BEING SO STUBBORN.
Stock movements seems to work similar to growing groups. Find the low hanging fruit. Bazinga! Did I finally get my breakthrough in understanding?!!!
I think I am finally realizing that day trading is not to find long term stocks. Self perceived notions of what something is vs. what it really is are generally always different. I know this is true but re-alligning my mind from what I have been doing for 30+ years is taking a bit of time. No reason to fall in love with any of the stocks or support any underdogs. All the penny stocks are crap and the only reason to play with them is to get that little piece of them as they are getting pumped. Going to sell the TER at 38. Only have 20 of them but that will give me some of my bank back. I know that this is an excellent long term stock to hold but this is not what I signed up to learn about.
Getting my head on straight about this. Find the move. Get in. Get your 20%. Get out. Grow your bank with small amounts so you can play with bigger numbers.
STOP LOOKING FOR LONG TERM. This is not what you signed up to learn about.
LEARN DIP BUYING! THIS IS THE WAY TO GROW A SMALL ACCOUNT