Timothy Sykes
@timothysykestrader·479K subscribers·3.4K videos
A Millionaire's Pros and Cons of Penny Stocks
Posted
August 21, 2019
Views
8,030
Likes
352
Comments
80
Engagement
5.38%
August 21, 2019
8,030
352
80
5.38%
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Penny stocks are universally hated. Most people think they’re scams; you can’t make money trading them. Personally I think this is one of the biggest cons when trading penny stocks: you will probably be hated. But there are also many pros to trading penny stocks. Watch to learn what they are!
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FULL DESCRIPTION
Penny stocks are universally hated. Most people think they’re scams; you can’t make money trading them. Personally I think this is one of the biggest cons when trading penny stocks: you will probably be hated because people are misinformed. But as with anything, there are pros and cons to trading penny stocks. Watch to learn what they are!
Penny stocks are the uncharted territory of Wall Street. One of the reasons there is so much opportunity in this niche is because most people on Wall Street look down on penny stocks and ignore them.
It's not just that most of these penny stocks are scams, there’s a lot of manipulation and misinformation.
You need to be aware of the negative stigma because it's not fun to be hated when you spend all your time at your job and you do it the right way and the good way but you're still hated.
In fact, my first millionaire student started as one of my haters. He finally gave my lessons a serious chance and well, you know the end of the story.
Some of the cons of trading: It makes you very cynical. You need to expect the worst. You can’t trust the companies. They lie to raise their stock price.
There’s not as much money in penny stocks as Wall Street. (People trading penny stocks are not the smartest or richest) But there’s a pro to this: you’re competing against people who actually believe these penny stocks are the next Microsoft.
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Even with their poor reputation, I love trading penny stocks. I want to help you learn to trade these stocks to your advantage. That’s my biggest pro: teaching correct information and helping you.
You’re not going to become a millionaire right away. It takes hard work and dedication.
If you take the time to learn the patterns are predictable, It's all based on basic investor and trader psychology. There's plenty of opportunity if you're willing to study.
What do you think of my blunt-ness? What types of stocks are you trading? What are your pros and cons with trading? Leave a comment below and let me know.
#TimothySykes #Pennystocks #Investing
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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.*
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