THE REAL TRUTH ABOUT TRADING PENNY STOCKS

Trading penny stocks is a very popular focus for beginner traders and its no question that penny stocks are extremely risky! In this video I want to highlight the reason beginners find penny stocks to be so attractive and the risk behind trading them!

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[attila]

✊🏻JUST JOINED LPP, just gonna say it’s worth it ..✊🏻🇺🇸🤝

[NotoriousNickMMA]

I like the mentality of I win or I learn. I always learn from my losses and if I win it’s from learning from my previous losses

[WearingUncle]

Most people fail penny stocks because they don't have the understanding of what to look for when trading them. They typically trade them because of pure hype and end up getting dumped on. Or got really lucky. It definitely goes both ways with bb stocks and OTCs. Understand what you trade and how to trade it.

[calvinraab]

Not all penny stocks are created equal

[tradershelpingtraderscommunity]

Great and honest video my friend! I think its really important for people to understand the underlying risk in this game. Especially, with how many "gurus" there are telling everyone how easy it is. Keep it up, brother!

[sashastudiosnyc]

Ricky. I am 48. day trading for about a year. checked all the "big" guys there on the web. mostly worthless and or will cost you lots of money upfront and no quarantine you will make it back trading with their ideas. You do not quarantine it either, BUT you make sense and you are honest upfront about risks involved, no b.s. Thank you and almost forgot, love your un--ironed t-shirt!!! :). Keep on doing great work, good luck with your RE and car investments. Sasha. NYC.

[codybrahs]

Funny because a Timothy Sykes ad popped up during this video

[jb-cpye]

OTC Penny stocks are by far the best way to make a consistent living trading. You just have to get the experience, learn the game, and exercise discipline!!

[ainkstudio]

Everything you said is why i choose to follow you. Hearing you (a successful trader) validate my own understanding is huge for me. I seen thru all the BS out there with watchlists. And firmly believe that "if it was that easy everyone would do it". And with that you are the only person on youtube that ive ever paid to subscribe to. I watched you for approximately a year before i knew your mentally is on point. I will be joining LPP after take my under $200 dollar account to over $1000. As i see that as a sound investement if i can exercise the discipline to grow this account. Hopefully you will be hosting that still. Its just a side project im taking very seriously. And could not have been done without your information.

[abeavila]

I trade OTC penny stocks pulled about 5k last 2weeks I do it daily sometimes I hit stocks that go 1000% in one morning and I end up making 10k but for sure penny stocks is not for everyone just find your niche and learn about it daily for me I get up at 4am and read and learn from the stocks I invest before the market opens

[HeadCannonPrime]

I only have 2 penny stocks and I consider them both complete roulette gambles. I don't ever expect them to pay off. That money is spent and if it pays off cool. If not, also fine with it. I invest in IPO's the same way. For every 1 Beyond Meat there are a dozen duds.

[lastrose]

I feel you. I thought I'd like slower moving stocks more than fast moving ones but I've been learning so much by practicing with Roku that I'm so used to the speed now and kinda love it aha

[eliastorres]

I’m having trouble growing my account because of the PDT rule so I was wondering if I can use the ThinkorSwim platform for analysis and what not but actually trade on Robinhood since with a cash account you’re not limited by the PDT rule ?

[khalidramji]

Hands down, the best video you’ve put out so far. I like the others but this one covers sooo many important points

[gen-X-trader]

anyone else notice if you replace the word penny stocks with "altcoins" it's pretty much exactly the same discussion

[benma]

Hey Ricky what do you think about steven dux turning 27000 to 3 million with penny stocks?

[busyb]

I had two supernovas with penny stocks that's how I built my account now I don't mess with them much but still trade low cap

[IslemTav]

Loved this video, Ricky! Super helpful, not putting anyone down or disqualifying everyone or any one method. You’re very respectful and conscientious and I admire that about you! Safe trip back home! Say hi to Meagan! 😜🤗

[themoneytrader]

Ricky, is it weird that when I trade I get a feeling of how the stock move? I’ve been trading for awhile and got use to day trading market.

[benjaminjuarez]

who got cutout at 7:02 lol
also is that your house you own? not trying to be negative im really asking. i know millionaire entrepreneurs that still live with their parents since theyre younger. but im asking because it made me wonder if its that lucrative for a normal non pro trader who knows how to read price action and can consistently get it right. or is there more than that to it other than getting the trades right? ive done three live trades since i started two weeks ago. no emotion or doubt in and out just like i learned. works every time on lesser risk trade like i took. my first trade was on webull half asleep but excited enough to wake up on time. 1 min trade tiny profit tiny risk. But now im going to my fourth trade on monday hopefully if i find a good one to take. im thinking about using 4k and maybe more. not alot but something more meaningful. what do you think? do you think one should wait longer?