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
I think I have the three patterns that I am going to follow. Dip buying, short selling, and up-trending. Those seem to be easiest for me to learn with.
Here is a vid of Tim explaining dip buying: https://www.youtube.com/watch?v=rlwtAXrV4XI
Thanks for the link, when I get enough money for a margin account, I will also look into short selling.
I don't have enough for a margin account either. :)
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