foroom lluzers
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It needs insanity to keep doing the same thing over and over again , expecting different results.A google search will tell you 95 % lose , so you are expecting different results?
It needs insanity to keep doing the same thing over and over again , expecting different results.A google search will tell you 95 % lose , so you are expecting different results?
EnlightenedJoe
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You should know. You do the same thing every day.
I think the thing is if you do lose CONSTANTLY you should rethink why its happening and try change something maybe the reason people lose money for years on end is because they don't stop and think and go "hmm maybe I need a change in my strategy" or something like that. What do you guys think?
Quantt
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Actually, you cannot calculate how much money you can make in the future (unless you have a crystal ball). the only thing you can calculate is how much money you can lose, so if I am you, I would focus on the risk management... And I really wish someone gave my the same advice years ago, when I started - it would have saved me a lot of pain and a lot of money...
Not in the future I just mean each trading day. Like say 0.31 share price multiplied by 100,000 then share prices goes to 0.33. You can see how much money you make that way.
Quantt
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What you are describing is called hindsight trading and everyone can master it... the questions you need to ask yourself are, how didi you know you can sell 100k shares at 0.33 - especially with the sub penny stocks, the liquidity is the major issue, so what about if there is a slippage and you sell 1000 at 0.33, another 2000 at 0.31 and the rest at 0.25 for example? If you have a robust system, back tested 10+ years, go and get them tiger, but if you do not, it is like betting in a casino - the odds are not on your side...
That was my issue liquidity if there is no one to buy them I am screwed. What to do in this case find penny stocks with liquidity if possible or try avoid them?
Quantt
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Frankly I am just staying away from all sub penny and penny stocks, the only way to make money from low volume stocks is to run a scam trading room and front run your clients...
Ah ok all these youtuber penny stock millionaires like Tim Skyes do you think they are all scammers? I can't believe espically in the last couple years how many dodgy salesman there are. Also what do you think of Ricky Gutierrez?
EnlightenedJoe
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When you buy asset ABC for $10 from shop. Shop has to buy the asset back from you for $9 or below to make a profit. If they don't do that, they go bankrupt. So the price is moved to $9 or below using whatever the means.
As you sound like a thinking man, tell me, what can you change in your buying technique to affect the outcome ? If you find the correct answer, you will have become one of the very few winners on the internet. So it's well worth the effort in finding the solution. If you don't find the correct answer, you will CONSTANTLY lose until all your money is gone - rethinking won't help. Then it's time for a new career.
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Quantt
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Yes, absolutely, all of them are scammers and con artists, I have researched Skyes - he did really made money during the dot com book, created a hedge fund after that and lost it all. Reinvented himself as "educator" and he is making money from teaching and also from front running his followers (buying low float stock, telling his followers, and selling into the spike they have created following him - this will not happen with high volume stock BTW) for the other guy, never heard of him, but you can check here to see if he is been exposed already:
https://www.tradingschools.org/
Bottom line, there is no easy street to the stock market, if it was possible to pay someone few grand to learn how to trade and make money every month, everyone would be doing it already... Realistically you have to plan to spend few years learning and testing different strategies until you find what work for you and start trading with real money... It is not that different than being a lawyer, dentist, doctor or engineer - you cannot do it in a year with a few online courses...
Completely agree with you. Unfortunately, social media such as Youtube and Twitter are very much at fault for making people believe that they can be trading sub par stocks (low float and/or low priced) and be earning in excess of $1k per day within a very short space of time.
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Yeah that's what I am saying man! If I keep buying at the wrong time for example I need to stop and think wait a minute something is not right.
It's a shame how many scammers there are now, there is a big gap in the market which is "sign up for my course which is 6k and I'll show you how to do this" Where are the ethics at? I always said to my self if I was rich I would give my knowledge for free there is no reason what so ever to charge people thousands of dollars each year for trading when they can learn it either free or cheaply.
Oh Quantt I forgot to ask what do you think of Cameron Ross? I believe he said after a year and a half he was a profitable trader.
foroom lluzers
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The industry is the blind leading the blind.Those who have not traded successfully ,are teaching others in the skills of can't do.
I suspect people like Elder only wrote books and sold courses.
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EnlightenedJoe
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No, it's not what you are saying at all. I already explained to you why the price moves against you. You are supposed to come up with a counter against that move.
