The Dangers Of Holding Penny Stocks Overnight (Right Now)
Register at https://timothysykes.com/vtf/ for my ALL DAY live trading event next Tuesday, March 27th and also see http://tim.ly/psf2 for the 50% pre-sale on my newest guide PennyStocking Framework Part Deux with all proceeds going to charity!
0:05 The markets are getting crushed, I’m filming this mid-day, and the DOW is down nearly 400. We’re at multi-week lows.
2:00 This is a classic, classic ramp. Lately, it’s been applying to higher priced stocks. You have the ramp; it goes supernova, crashes and then shorts into a pump bounce.
4:30 You guys are asking me how I knew to not hold stocks overnight. I didn’t know; you never know anything 100% in the stock market. Anyone who says they do is lying. I do know odds and patterns, and I’m able to make good decisions based on patterns.
7:00 If you look at a 10-day chart this double top is just a small little double top. Knowing the patterns will help you to keep things in perspective.
10:00 This is why I thrive and why my top students thrive. Be safe right now, especially with overnight holdings. You don’t want to try to be a hero in this stock market. Leave a comment “It’s good to be right” if you understand this lesson.
13:00 I don’t make the stock market rules, I just know them. I study the patterns. Protect yourself, especially right now in this stock market.
14:00 Register at https://timothysykes.com/vtf/ for my ALL DAY live trading event next Tuesday, March 27th. You’ll see me trading penny stocks live and my whole process.