5 (Insider) Tips for Penny Stock Trading Success

I'll give you my five BEST tips for penny stock traders. SUBSCRIBEto get INSTANT alerts when I post a new video outlining my penny stock trading techniques.*

People ask me, "What is the best tip you can give me?"

Tips for Penny Stock Trading Success #1

Tip number one, invest in yourself. Instead of thinking what's the next hot thing, you are the next hot thing. You can be the next hot thing if you build yourself up enough, and that means getting enough knowledge, studying enough, understanding how to profit whenever there's some opportunity in the stock market. Some days in penny stocks, there's not an opportunity. You should not be trading every single day. I know that sounds weird because we're taught to work as hard as we can to make as much money as possible. In penny stocks, you need to have patience.

Tips for Penny Stock Trading Success #2

Tip number two, cut losses quickly, okay? You can be wrong on any stock. So many newbies, so many stock market beginners, they have this ego. I don't know where it comes from. You have no money; you have no experience. Why are you stubborn? Why do you think that the world owes you money? The world owes you nothing. 90%, roughly, of traders, lose money, okay? Different studies say 90, some says 95, some says like 88. But the vast majority of traders across all different niches lose money.

Tips for Penny Stock Trading Success #3

Tip number three, think of yourself as a retired trader and only come out of retirement when there is a play that is good enough. As I said, you need patience. And this kind of backward thinking, where I don't want trade, I don't want to trade, I'm retired, that's my mindset every single day. But if there's a play that's so good, I'm like, I'm retired, but oh, I have to come back in, because I feel guilty missing such a high-odds pattern.

Tips for Penny Stock Trading Success #4

Tip number four, I guess I would say, this is a marathon, not a sprint. Everybody wants to make a million dollars in like day one, week one, month one, even year one. It doesn't work like that.

Tips for Penny Stock Trading Success #5

And that brings me to tip number five. Don't focus on just the money that you're going to make, or that you might lose in the first one month, three months, six months, nine months, even 12 months. If you start with a small account, which I encourage you to do rather than starting big, you will lose a little bit of money, or you'll make a little bit of money. Neither of which will be life-changing. But while you're practicing, and while you're trading with this small account, you're going to learn good habits. You're going to learn to cut losses quickly. You're going to learn to have patience.*

You're never going to be perfect. You're never going to perfectly in tune, but you can get pretty close. And by doing so, you win more times than you lose, like my top students and I, and your account will grow over time. It's a marathon, not a sprint. That said, it won't take you decades to make millions. It will usually just take you three, four, five, six, or seven years based on my top students if you take your education seriously. I'm not just feeding picks. My top students aren't just following picks. They're self-sufficient. They're learning the rules, and they're learning the patterns. They're making the penny stock market work for them.*

* 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