Should You Learn How to Trade Penny Stocks? No! (Here's Why...)
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- เผยแพร่เมื่อ 15 ธ.ค. 2019
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Many people who are just getting started as beginners in the stock market and trading usually consider whether they should learn how to trade penny stocks. Usually because of small accounts and not having lots of money to use, people believe that penny stocks (due to their low price) is the only option they have. While it would be misleading of me to say that penny stocks should never be traded, I do believe that you should at least learn about another area of the market before beginning to to start trading penny stocks. This other area of the market not only allows for lower amounts of money to be used, but even better, there is no pattern day trader rule (PDT). So if you are someone who wants to be a day trader and trade as often as you like during the day, this area of the market would fit you perfectly. Take some time to learn about this available strategy and fool in the market and see if it makes more sense compared to trading penny stocks.
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Thanks Clay, I came upon your channel about a year ago (subcribed to you at that time also). I like your honesty and integrity, that's why so keep coming back to you! I have registered for your webinar. Another great video, keep it up.
Thanks for the kind words Shaun. I'll be seeing you Thursday then!
don’t believe this guy penny stocks are reliable you just need the right strategy. been doing this for years.
Thanks for the thoughts, but... I don't believe you ;-)
There's a difference between pennystocks and smallcaps. I think he is referring to stocks under $1. I've traded smallcaps profitably for 3yrs they are volatile but predictable if you know what you're doing.
Price is irrelevant. No matter the price, the PDT Rule still exists.
@@claytrader You can easily bypass the PDT with offshore brokers so it isn't really an issue.
and like I said in the video... I will NEVER recommend someone send their money off shore.... but yeah, you still haven't overcome the annoying shorting problem either.
I've heard of micro futures and have been curious, I will definitely take the classes, I love passive income
Great!
As somebody from the EU with a day job, this looks like a really good option for me actually. Thanks for making a free course on this, the futures market really does look way more complicated than stocks at first.
You're welcome Adam. I'm confident the course will simplify things for you!
Good info clay would love to know your story when you were in penny stocks
My story is here claytrader.com/podcast/episode163/
Thanks Clay for very good informational video
you're welcome, thanks for watching.
Micro-futures are great, but the fees can be cost prohibitive depending on the broker
Right, that's sorta the case everywhere though in regards to "depending on the broker".
Only put offshore if u wanna protect asset from creditors. Do u other way of doing that? Thanks.
I'm not sure what you're even saying.
Hi clay. I live in the UK, can I trade micro futures/futures from here and on a mobile device???. How would I get started what do I need in relation to accounts, brokers etc ...
Yes, you can. As far as all your other questions, that's the idea behind the free class, so I hope you decide to go through it!
@@claytrader I will thank you.
Which brokers do you use and which ones would you recommend for beginners ...
Again my friend, go through the free class and you'll learn all about that stuff.
I’ll give it a try. How do I find it. Is there a link
Should be in the description section, if not, here ya go claytrader.com/videos/how-to-trade-futures-for-beginners-the-basics-of-futures-trading-class-1/
Hi, but some bio with high float run well sometimes. Especially, good earnings or interest from HF.
You mean low float?
The float does not matter. If it’s below 5 dollars you are competing with other gamblers
The price does not matter. If it is a "stock", no matter the price, you are competing with the dumb PDT rule.
How do I get the thing that you have in your live trading videos that alerts you when a stock is moving a lot?
I'm not quite sure what you are referring to Sahil.
@@claytrader woah you responded. It's the thing where it show a ticker symbol very large in the middle left with a colored arrow. I think it indicates that that ticker symbol i moving a lot
If I'm understanding right, this video should help claytrader.com/videos/day-trading-for-beginners-my-online-trade-platform-explained-in-detail/
@@claytrader Do you know if there is a way to get an alert when a stock is going up or down by a decent amount?
Sure, that's the entire idea behind the community I offer claytrader.com/team/
What's wrong with offshore brokers ? Could you elaborate on that Clay ?
RISKY!!!!
I have been using an options trading simulation platform for since last several months. I am selling options there without much research (as it is just simulation and doesn't require any real money) but surprisingly I am in profit 100% of times till now.
I wonder if is so easy to earn in options then why people trade in cash or future.
Everything is always easier in a simulator....
Do you have private mentoring with your training program?
Hi Greg, yes, I do.
Dose that come with the program or is it extra!
So I like everything you offer but, sometime you need someone to stand over your shoulder and hold your hand for a bit, so to speak to help connect the dots. I just can’t buy a program and then text or email and not be able to have an open dialog, it has to be live support screen sharing ect... there are a lot of education programs out there but the ones that offer someone to help you in the case you need an hour of their time to walk you through those are the ones I want. Can you be be more specific about your private mentoring, as to who , what , when and where. This is the piece of education I am most interested in. Anyone can produce videos and sell and program, but not many actually put themselves out there to actually help their students seceded in their course material.
Thanks Greg (also if you have a webinar coming soon that you talk about this schooling can you provide me with the link and date)
@@gregwehrmeister4212 This should help claytrader.com/takecontrol/tour/
I live in somaliland how can i day trade should i go to a bank how can i find a broker
Take the free class.
Thing's I've learned since starting to day trade....PDT rule only applies to MARGIN accounts., NOT cash accounts. As long as the funds are settled in your account, you can trade with them. I've been doing it like this with E*Trade for the last 6 months. I've made over 40 trades in the last week this way, and have been doing about the same volume, week after week. Maybe some of theses videos that talk about the PDT rule, should tell the people who are new to trading, the correct info. I like your videos, Clay, but you're leaving out some important points when it comes to PDT.
Bryan, and what you are not factoring in is, even in a cash account, you have to wait for the cash to settle... which is a 2 day process... so yeah, that would present a problem to "trading as much as you want".
it applies to cash accounts as well bro i always get a warning after a couple trades in the day, because when you sell your stock "you dont get your money right away" until 1 or 2 days later so basicly they dont want to be responsible for money that hasnt even cleared
PDT does not apply to cash accounts. You may get a warning, but your account will not and cannot be shut down. PDT only applies to margin accounts. Call TD Ameritrade customer service and ask about it if you want a professional answer to your concern.
But what Jay is talking about is you need to let the cash "settle" before you can use it again. So yeah, it's not the PDT rule, but it's the "cash settlement" rules that still present a problem.
ClayTrader exactlyyyy
sure!
Great!
what are you reffering to when you are talking about penny stock ? 5$ or less ? Because there's alot of people thinking that penny stock are everything under 1$
Any price... because they're all still "stocks" that have the dumb hassle of PDT rule.
I get what you are saying, but don’t confuse people. PDT does not apply to cash accounts, only applies to margin accounts.
That's true, but you aren't factoring in the "cash settlement" that must take place on a cash account.
The Best vidéo
Thanks :-)
Pdt rule also does not apply to crypto or forex trading
True
I didn't even know they did Micro Futures. Interesting.
They're still relatively new....
What are u think about other gurus like Tim bohen and sykes?
I think they're fantastic at marketing.
The trades are verified so..... marketing what a dumb fucking thing to say
Watch your language dude. There’s traders in here!
And they own the "verification software"... you should do some deep digging on Profitly....
What about the patterns that happen over and over again what about the verified trades with a picture of the brokers what about the live trades what about pennystocks are actualy easier than bluechip stocks cause the competition is just too low because pennystock traders are retards
I’m going to buy deep out of the money calls on PCG expiring Friday. I’ll be going all in 100k. In a week I’ll either be a millionaire or broke. Wish me luck.
Yikes that doesn't sound safe.
Are you joking?
He's trolling....
Getting crushed by theta but my strike is at 11.50. Be in the money soon. Then I’ll use my earnings to fund my penny stock trading account.
See y’all when I’m warren buffet rich.
@@TyKOmain lol... this is some solid trolling... well done!
but high dividends are in a lotof penny stocks tho
Better give this a watch: claytrader.com/videos/how-to-invest-dividend-investing-strategy-avoid-doing-this/
Don't forget options BA Boeing is on sale right now
PDT rule still an issue though with options.
Of course anybody can succeed in penny stock if he has right strategy
And it's much harder to have the "right strategy" when you have the PDT rule and all that other nonsense to deal with.
Newbie Short sellers r being squeeze like never before & helping Long. Promoter only in when soaring high. Get out while in Green
lol... ugh... if only it were as easy as you make it sound.
cash account...you split your account balance in half and trade every day???
Cash account STILL has to deal with "settlement" issues.
@@claytrader that's why its split in half...you trade one day with half...next day with other half the following day you initial fund is available to trade with all over again.
@@MrSuperchargedv8 sounds like a hassle
But wait forex has the same possibilities as micros so why not
My thoughts claytrader.com/videos/should-you-learn-how-to-trade-forex-to-make-money/
Too much volatility, too much risk, it’s mostly gambling.
I assume you're talking about penny stocks?
ClayTrader no they are not gambling stop lying to people u need to educated yourself in this matter before you talk please
calm down
use vwap it helps
There is another category. People who see how easily that market is manipulated though pump and dumps and wants to get in on the action. Don't judge me. #hustle
Right.
Clay, you yourself trade stocks all the time, and I’ve seen that. Why hypocrisy?
Because Jackson, I have over $25,000 (and a margin account) so I therefore don't have to worry about the hassle of the PDT rule.
It's funny Clay because when I started in the Market, my friend and professional trader said to me "don't trade penny stocks ever", and what I did?...yes, I did! I lost about $15,000 in one trade. I started to listen to my friend since.
I'm glad you started to listen to him!!!
Darlan Souza no don’t fall for that you just need education believe me
you should probably reread what he wrote.
A lot of missing info. You can have a cash account and have unlimited trades as long as you have settled funds. Yes penny stocks are hard to trade
"as long as you have settled funds"..... correct, but if you don't, then you can't trade freely....
ClayTrader correct, but it was not mentioned. It still a huge advantage. You use half your money everyday and you actually have 1/2 available everyday that way
@@thinkingpennystocktrader1821 or just do something else where you have ALL your money available EVERYDAY...
ClayTrader sure, but the video was very biased. At the end of the day do what works for you
@@thinkingpennystocktrader1821 of course it was biased... biased towards my opinion that penny stocks are for the most part, a waste of time.
With Penny Stock u play against Newbies. With Futures u r against 70% of intelligent algorithm machines by highly smart ppl
With penny stocks you play against promoters and all the like who can crush you on the short side or decide to just "pull the rug" on the long side. Your logic, while seemingly making sense, is simply a marketing tactic used by some.
I’m 5mins in & im screaming GET TO THE POINT!!! 😫
If you are that emotional, avoid trading. You will lose all your money.
@@claytrader no you just Babel a lot 🤷🏼
@@themellymelshow just remember who warned you when you lose money that you are way too emotional to be trading....
@@claytrader I’ll write it down & frame it “Clay the Babbler said I’m way to emotional to trade & I’ll loose money” 🖼 got it! 😎
@@themellymelshow too* and lose* - be sure you write it down properly...
Thought I was gonna get filthy rich from a one man oil company #teamCEI
lol... I've been there... done that! haha
Yikes if you don't define pennystocks and how you're using the term, this video is meaningless. People use the term differently. People that trade penny stocks (I spend all day with them) trade a variety of price ranges, and everyone has a different definition of this. What price range are you talking about? I know millionaire traders that mostly short penny stocks. What you are saying is true, but it's over blown, and I think that defining your term would clear a lot of this up.
The price is irrelevant because they're all still "stocks" and therefore have to deal with the hassle of the PDT rule.
I call bullshit; I can show you proof that you can make money in penny stocks. Trade them; don't invest as many struggle to get out of penny land.
Treat it like any trade on any stock at any price level. Don't take a position that you can't handle.
I guess buying 2250 shares at 1.13 and selling at 1.30 is gambling
You sound like an emotional hater
Watch the candles like any trade and time entry and exit
This guy will say don't trade penny stocks but you will find him all across penny stock stocktwits rooms stating his opinions yet here he is saying don't trade them.
I guess he likes to waste his time doing chart analysis on penny stocks smh
Thanks for the thoughts Arnold. I can tell you have a great passion for the penny stock market. I can respect that, doesn't' mean I need to agree with it though. Cheers.