Timothy Sykes
@timothysykestrader·479K subscribers·3.4K videos
When Should You NOT Hold A Stock Overnight
Posted
December 12, 2018
Views
48,986
Likes
1,514
Comments
151
Engagement
3.40%
December 12, 2018
48,986
1,514
151
3.40%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
9:58Now PlayingCheck out StocksToTrade
SUBSCRIBEto get INSTANT alerts when I post a new video outlining my penny stock trading techniques.*
Follow Tim Sykes and his trading travels:
Join Tim's Challenge here
----------------------------------------------------------------------------------------------------------------
Today I have a very useful lesson for you: when to not hold a stock overnight.
Every so often there are penny stocks catch fire. They can go up 1,000–2,000 percent. I’m talking hundreds of millions of share in a day.
You won’t find these right away. You need to work to find them. So how do you find, trade, and sell these stocks — and when is it bad to chase them?
Experience, knowledge, and preparation will help you recognize these.
It’s OK if you sell too soon. You don’t need to ride these to the top. Focus on your own improvement.
Why don’t you want to hold these stocks overnight? There’s too much risk. Anything can happen overnight … stocks can be overvalued, financed at a lower price, or labeled as a scam.
There’s too much risk when these stocks go up. You need to play it safe because when the market opens, things can happen in minutes.
New traders have a tendency to trade flawed strategies. They think they’ve figured out the game and then they blow up. You aren’t ready for these risks.
Give it time. When in doubt, get out!
Be safe and understand that it’s OK to just take a piece of the pie. Don’t wait for these stocks to hit the top and don’t hold these stocks overnight. There’s too much risk. No stock is worth losing 50 percent.
Do you agree with this strategy? Do you hold stocks overnight? Leave a comment below and let me know.
#StockMarket #PennyStocks #BullMarket
----------------------------------------------------------------------------------------------------------------
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
* 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
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
