Penny Stock Trading Basics: Slow Market Setup

What kind of setup should you look for in a slow market? Subscribeto get INSTANT alerts when I post a new video outlining my penny stock trading techniques.

A slow market is good. There's not always going to be a great penny stock trade every day. This is what is different about penny stocks compared to, you know if you're trading Google or Amazon every day, the stocks are always moving there. A lot of traders trade that stuff or Fourex cause they're just trading the volatility. With penny stocks, you should be trading the inefficiencies.

Where there's good news on a stock, and it's not being priced in on day one, so it can be priced in on day two or day three. Or maybe you're shorting your pump and dump that just had its first red day, and so you're taking advantage of the pattern. Most likely, the second and third day are going to be red also. You need to wait for these unique circumstances to happen. You need to wait for a pump and dump to show the proper pattern. You need to wait for the proper good news or good pattern or trade.

You should not be trading penny stocks every single day. If you do that, trust me, you'll be frustrated. You will lose, you will not become my next millionaire student. Some people think that they have to grind it out every day like nine to five. This is not a normal nine to five job.

The best patterns come about only so often. I wish someone had told me this when I first began. Remember, I never had a teacher. If someone had told me this, I would've had a much better previous two decades. I learned the hard way. I'm trying to save you. I know you think that you're doing better by trying to trade every day. You think that that's the way.

You're like, well, Tim if I have to be a millionaire I got to make $15 here and $50. I wasn't born with $12,000. I have to grow my small account. But also remember that you don't have to be right as much as you think you do to make millions of dollars. You need to take better trades and have more confidence in the better trades. That way you can take bigger positions. That way you can have more patience.*

If you're trading every day and you're trading bad setups, you will never have confidence. You will never be able to scale up your positions. You will never be a millionaire. So it's your choice. On slow days take it as a gift and study the past. That way you're better prepared for the future. Or ignore me, trade every single day and go broke.*

* 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