Are you trying to grow a small trading account? Buying penny stocks is NOT the only way for day trading beginners with a small account. 🔽Time stamps:
1:50 Large cap trading VS Penny stock trading
3:33 Small account trading breakdown on $XNET $PINS
5:19 Benefits of trading large cap stocks $PINS $GRUB $BYND $ROKU
8:46 How to adapt your trading strategies in various market cycles
10:48 Trading large cap stocks with small account
📝Get a FREE stock on Webull, $0 commission trading app
▶︎
Sign up for my FREE weekly watchlist
▶︎
💸Interested in my private Day Trading room? Join the wait-list here
▶︎
While most day trading marketing gurus out there tell all the beginner traders to buy penny stocks and follow their alerts... trading small caps not the ONLY way. And definitely not one to rely on throughout the whole year.
How I grew my small account day trading years ago, was by buying penny stocks in hot cycles, such as the shippers, blockchain, weapon bubble. And focus on trading large cap stock earnings and news in the seasons where penny stocks are dead with no volume.
Trading Large caps vs Small cap penny stocks:
1. Large caps tend to trend for an extended amount of time.
2. Large caps are less volatile and allow day trading beginners to practice patience and trading emotions
3. Large cap short borrows are much more accessible than small cap penny stocks
4. There's almost always fresh news such as Chinese Tariffs, FDA approvals, earnings guidance out daily for the large cap stocks.
5. Penny stock trading volume tend to die out in the summer, while large cap movers have volume almost daily.
6. Penny stock patterns and indicators are not reliable. You should focus on trading psychology. But Large cap stocks follow technical set ups and patterns pretty well.
The key is, if you are trading penny stocks with a small account, focus on capital preservation and only buy penny stock momentum in the market cycles that favor your long set ups. Do not force trades and chase every break out and expect the same trading set up and trading strategy to always work out.
Trading Psychology for Penny Stocks (The Untold Secret)
▶︎
Penny stock market Cycle Psychology
▶︎
Intro to Penny Stock trading psychology
▶︎
Must read books on Trading Psychology & discipline
▶︎
🖥️Recommended Trading Tools:
Try Benzinga Pro FREE for 14 days (use code "HUMBLEDTRADER" to get 25% Off )
▶︎
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
▶︎
Get My Trading Station Set Up & Favorite Trading Books
▶︎
🇨🇦Questrade Canada (get $50 FREE commission trades)
▶︎
For business inquiries only, you can reach me at HumbledTraderBusiness(at)gmail.com
📊Follow me on social for more updates:
▶︎IG @HumbledTrader
▶︎Twitter @HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 19,180
0 Comments