Penny Stock Strategies (2018) | Pros and Cons of Day Trading in the Stock Market


Penny Stock Strategies (2018) | Pros and Cons of Day Trading in the Stock Market
What are the pros and cons of trading penny stocks? Subscribe here to get INSTANT alerts when I post a new video outlining my penny stock trading techniques: https://goo.gl/poGZTm

0:05 A lot of people ask me: what are the pros and cons of day trading penny stocks? There are a lot of pros and a lot of cons, and you need to know all of them.

0:15 Ninety percent of traders lose money in the stock market. You have to understand that this is a very tough game to master.

1:05 One pro is that because penny stocks are priced very low, they are affordable.

1:30 Another pro: there is not that much competition because penny stocks are commonly looked down upon by just about everyone.

1:55 A con that goes along with that is that there’s not that much money to be made when you’re trading penny stocks.

2:30 That brings me to another pro: you don’t need more than a few million dollars in your life. I know billionaires who are miserable. You just don’t need that much money.

2:50 I’m never going to be a billionaire, and that’s fine. I’m ok with it.

3:00 Another con is that there are liquidity issues. You can’t take a 0,000 position immediately in any penny stock.

3:40 A pro and a con is that every company says they have the next big thing. You have to be aware of the scams.

4:15 I like to think of all penny stocks as though they are all scams.

4:30 Another con: you’re never going to get any respect. Everyone will look down on you because they think you’re a scam because you are investing in penny stocks.

5:00 It’s also a con that people look down on you because that means less competition.

5:30 I want to teach you the pros and cons of trading penny stocks.

If you want to learn how to day trade, apply to be my next millionaire student here: https://www.timothysykes.com/millionaire-challenge/

Penny Stock Strategies (2018) | Pros and Cons of Day Trading in the Stock Market


13 thoughts on “Penny Stock Strategies (2018) | Pros and Cons of Day Trading in the Stock Market”

  1. Thanks, Tim. I love it so much. You, Americans, really happy, because even garbage man can trade penny stocks on US market. But for me, it is a real challenge. I will get into penny stock market or die.

  2. hi, thanks for the video ! it cheered me up 🙂 i already see some of my close people not liking what i'm doing….anyways just one thing is it recommended to trade on margin with penny stocks? knowing the good and the bad of it

  3. is the content of "Pennystocking Silver" membership structured into a somewhat linear curriculum or is it a a melting pot where you have to sort it out ?

  4. I don't look down on you Tim, I've actually learned a lot from your videos. But I do I like to. weigh everything carefully before I plunge into it.

    Thanks for the videos.

  5. Been following this guy since August of 2016 and he is the real deal. I haven't signed up yet but just the videos that he puts out through himself and stocks to trade are invaluable and I've learned a lot. Great no BS teaching Style which is basically study hard, take the base hits, and cut losses quickly! I will be joining soon. Thanks Tim

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