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Top 4 Biotech Penny Stocks to Buy and Hold 2024. LAST CHANCE
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AVOID These Levels & STOP Placing Trades WITHOUT Watching THIS Video.
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Before we talk about how to trade penny stocks, you have to understand that they are literally one of the riskiest investments out there. Penny stocks are in nature very high risk and do come with the risk of losing all of your money if you don't manage that risk or your trades properly so it is vital that you take the time to learn how to trade properly BEFORE investing any money.
One way of limiting your risk, especially while you learn and practice is to open a paper portfolio. A paper portfolio is a free and risk free portfolio that allows you to trade real stocks in real time but without using real money. The trades are real, but the gains are fake & the losses are fake. I recommend using webull’s free paper portfolio on their app. This gives you the ability to practice, without risking any money on your beginner mistakes. Like anything else in life, you’re going to be bad when you first start out. Unless you join a program that teaches you everything first. My master class does offer platform tutorials as well, making it easier and less time-consuming to figure out all these different platforms and portfolios. 99% of your mistakes will be made within your first year of trading. Those mistakes will cost you money. Those mistakes will teach you lessons that will make you better and smarter, assuming you learn from them. You can skip those mistakes by taking a class, but one way or another you will end up paying for the knowledge, either in experience or classes.
So what brokerage is the best for a beginner? A broker is simply the company that facilitates the trades. The best broker IS NOT Robinhood! Fuck them! Stop using them immedietly and start using any of the following: TD Ameritrade, Charles Schwab, Fidelity, Moomoo, Webull. I use TD Ameritrade and webull mostly. TD has thee best customer service and helpful videos and allows all penny stocks to be traded. Webull does not allow all penny stocks, but they have super user-friendly charts and I love their paper portfolio. But Fidelity offers free OTC trades. So if you’re sweating a few dollar fee per trade on OTC Penny Stocks, then fidelity will be a good choice for you.
If you found this trading video helpful you will LOVE these too:
How to Legally Avoid the Pattern Day Trader Rule. NO $25,000 Needed.
How to Setup Webull + 3 Easy Day Trading Strategies in 2024
AVOID These Levels & STOP Placing Trades WITHOUT Watching THIS Video.
18 Mistakes New Stock Traders Make. STOP DOING THESE!
📈 FREE Training Video On Support and Resistance:
Before we talk about how to trade penny stocks, you have to understand that they are literally one of the riskiest investments out there. Penny stocks are in nature very high risk and do come with the risk of losing all of your money if you don't manage that risk or your trades properly so it is vital that you take the time to learn how to trade properly BEFORE investing any money.
One way of limiting your risk, especially while you learn and practice is to open a paper portfolio. A paper portfolio is a free and risk free portfolio that allows you to trade real stocks in real time but without using real money. The trades are real, but the gains are fake & the losses are fake. I recommend using webull’s free paper portfolio on their app. This gives you the ability to practice, without risking any money on your beginner mistakes. Like anything else in life, you’re going to be bad when you first start out. Unless you join a program that teaches you everything first. My master class does offer platform tutorials as well, making it easier and less time-consuming to figure out all these different platforms and portfolios. 99% of your mistakes will be made within your first year of trading. Those mistakes will cost you money. Those mistakes will teach you lessons that will make you better and smarter, assuming you learn from them. You can skip those mistakes by taking a class, but one way or another you will end up paying for the knowledge, either in experience or classes.
So what brokerage is the best for a beginner? A broker is simply the company that facilitates the trades. The best broker IS NOT Robinhood! Fuck them! Stop using them immedietly and start using any of the following: TD Ameritrade, Charles Schwab, Fidelity, Moomoo, Webull. I use TD Ameritrade and webull mostly. TD has thee best customer service and helpful videos and allows all penny stocks to be traded. Webull does not allow all penny stocks, but they have super user-friendly charts and I love their paper portfolio. But Fidelity offers free OTC trades. So if you’re sweating a few dollar fee per trade on OTC Penny Stocks, then fidelity will be a good choice for you.
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