How to Pick A Trade: Best Practices for New Traders

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TITLE: How to Pick a Trade: Best Practices for New Traders

DESCRIPTION:
With thousands of stock potentials, how do you find trades that best fit your trading style?

You can buy stocks when they hit new highs, ideally in a hot sector, with catalysts in your favor.

You can also short stocks, which is often just shorting scams.

Short sellers can look for the most exaggerated hype-filled promises. Chances are these stocks are bolstered by lies and will likely fail. It's just a question of when. This is why timing is everything in trading.

My take on it: Focus less on company stories and more on price action. Every now and then you can strike something huge, but if you’re constantly chasing odds, you’re basically gambling.

Learn to look for and trade the best setups. Don’t play guessing games. Have the patience to wait. Use multiple indicators.

I need all my indicators to line up. I trade like a scaredy-cat. And that hurts me from making big gains like I used to, but I'm also living a rather stress-free life. I’m not a perfect trader, but I have decades of experience.

With proper knowledge, you can start to spot better plays. I know that you want action. I know you want trades. But it might be time to change how you think. Having the right mindset can shift how you approach the market and how you trade every day.

How often do you play guessing games with your stock picks? How often do you wait for only the best setups? Be honest! Leave a comment below and let me know.
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*

#TimothySykes #PennyStocks #Investing

[urbanlegendsdoyoubelieve]

Love your no BS attitude! I keep telling people I don't want to be rich, just wealthy enough. Not too much... just enough to relax

[treyquests]

This was the realist presentation I've ever heard! No BS sugarcoating anything! RAW...like Eddie Murphy. My man Timothy Sykes you now have a new disciple!

[geekverve]

"WHO'S EXCITED TO BE HERE?!?!?!" **crickets** That crowd didn't deserve you, man.

[wongster]

Tim, out of all the interviews and speeches that I've seen so far by you, this is the most down to earth you I've seen. Please project this side of you more in future videos, thanks.

[GriefWin]

Best video from you, ever. I've watched your videos for years and this one explains it all. I loved the energy and none of the fluff. Keep up the good work and thank you for all the work you do for your schools and animal rights activities.

[rocksays]

This video might be the most entertaining video on youtube..lol Called the whole room a bunch of idiots with a strait face..haha

[Cassiearan]

Thanks for all the tips Timothy! :D Really helpful! Just remember guys on taking risks: never test the depth of the river with both feet. Maybe you guys might have seen me on other videos but anytime I write a comment, I always tell my story with it so people know why I am saying what I am saying :) - also to keep inspiring other people because for me, reading other people's success journey is so motivating. :) We own a cookie shop business in our college town. When we first started it, we were living in our car with very little direction, just a huge passion to be successful. We just graduated college as well. We started a cookie shop out of a local bagel shop in their off hours at night. We were living in our car in the parking lot of the shop at the time with my boyfriend, Bran. It was a crazy experience but it worked! We became a success! And how we have our first storefront location (a second launching soon!) We started it to fund a year long backpacking trip around the world and to be successful while living the life of our dreams.

[vaughnkent]

#1 dip buy morning panics. Thanks for all you do and being straight down to earth!

[petereastman]

I'm with you. Keep It Simple!
I have done Penny Stocks that the officers were buying the stock with their own money.
I've had good luck.
I want to learn your system.

[stewartmalcolm]

Real talk Tim. I am watching this only now, as it is one of the links within the 30-day bootcamp coursework. Despite the speech being 2 years old, the principles will be forever current and up-to-date.

[Berghiker]

So true! Being patient and waiting for the best plays only is key to growing your account fast.

[partiesover]

He's so blunt I love it. "most traders are dumb look around in this room they are opportunities for free money" he drops consistent gems too if your paying attention them indicators look at the companies track record it will tell you what you need to know.

[curioustrades]

Dam. I always love your enthusiast tone. Great Video.

[offnolimit]

been willing studying since 2am and is now 9 am, I have a phone interview on Monday and i cant wait. This definitely my favorite video so far!

[thejokersgrin]

The intro "WHOS EXCITED"
The crowd 😐

[yurrr]

14:56 most realist shit I’ve heard in a min

[dabay]

Man, I love this guy - superb speech!

[tjs]

Tim’s actually been killing it lately too..He was in retirement mode for a few months there but now with these otc runs hes been hammering the setups. I was happy to beat you to the $SHMP failed breakdown on fri, well done sir and thanks !

[PenguinGuy]

Please keep the lessons coming as usual. It helps me learn even though I don't have the cash to be an official student, but hey I'll take all the education I can get.

[MrMdiaz]

So relevant, even now Feb 2021. CANT wait to become one of your students !🙌🏼