Should Beginners Trade Low Float Stocks?

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[gregh]

Trading micro float beginner:
1. Cut loss (market order) the moment the stock touches your risk level
2. Never short FGD, wait for FRD and significant overhead resistance
3. Wait for significant consolidation

[purple_mang]

- microfloat: under 2M
- when stock reaches your max risk, don't wait for pullback, don't wait for red candle, just COVER SHARES in mkt order
- if stock is too high price, then the float seems bigger as retail traders can't purchase enough stocks to overwhelm the float. so supply>demand, so stock might gapdown or halt and stock drops 50% from top
- look for consolidation to short a stock, either on day 2-3. never short on first green day. never short into parabolic no matter how high gaining% is. no one knows when parabolic will stop so wait for consolidations or don't trade it at all.
-dux ends up not gaining or losing by end of year on microfloat so stay away. check stats

halts:
- T1: usually has pending news and sometimes no news and then stock drops 75%
- volatility halt is 5-10mins depending on exchanges, when stock is trading too much range. so it drops and has chance to come back.

microfloat not worth to trade:
- ask & bid spread are way too far = bad execution.
- borrow fee & hold o/n fee extremely expensive.
- risk is large because manipulators can easily move a microfloat $20 in one candle in premkt

can short in microfloat 2 conditions:
- stock running on day 2 or 3 shorted in consolidation.
- wait for first red day.
- size in small
- NEVER try to jump into first green day for microfloat

[Venus-ufsp]

I believe when you tell us not to trade micro float you mean NOT TO SHORT because, micro float can make your year of trading goin LONG if you catch the parabolic move and take advantage of short squeeze. Thanks for the video Dux.

[SquatSimp]

Steven I just wanted to compliment you. You’re grammar has improved tremendously. The videos are much easier to understand. Thank you man. Happy New Year’s

[foreveryung]

Do you feel that on that particular day when ACY spiked, a lot of people were at home from holidays plus that was the only stock that had a low float that day during pre-market (with lots of volume), which caused the breakout and big spike?

[richardcapps]

Are micro floats more likely to short squeeze at end of day bc of overnight fees? ... if holding VWAP
Thank you for your input. I always enjoy your videos

[th_hokage]

Can you make a video about your prediction on XRP?

[eliasknudsen]

Where do you get the stock data from when tracking statistics?

[sean]

Thanx for video ! Which trading tools ⚒️ r u using ?

[Wrathchild]

Hey Steven would you ever consider doing a video on how to trade OTC breakouts?

[marcotrotta]

So talking about micro float...you think MCEP will pop? It has 444k float

[arksonephimmasane]

Thank you for sharing and Happy New Year! Many blessings with HEALTH, WEALTH, and WISE!

[ReptileRaptureRR]

Thank you Steven. I stayed patient and put in a starter on ACY at 38.00. Needless to say I ate -$15.00 on my starter plus commissions on that loss.

[carlosavila]

Thank you Steven I am following very closely on your tactics to improve my trading .

[maxmillionnunez]

How do you know whether the stock halted due to a T1 verse a Volatility halt?

[sebastianl]

Hi Dux, which trading platform are you using ?

[weldingrig]

Steven do you have a video about your trading pc or set up, im getting back into trading and would like to have a similar pc as yours

[lancearmstrong]

Hi Steven, i wonder if your approach in trading by using statistics/spreadsheets is also viable to use in trading blue chip stocks/large caps like AAPL, MSFT, NIO, BA etc.. For example you measure the average short squeeze percentage, average number of pullbacks in breakouts, average breakout percentage etc.. Do you think that blue chip stocks/large caps also lend themselves to the same approach? As in, does it make sense to track the same type of statistics for these stocks (seen that they have much higher floats and market caps, and ESPECIALLY alot more historical levels)? Or is the tracking of such statistics mostly reserved for small cap stocks?

[kumho]

Hey Steve awesome videos best I’ve seen out there in a while. If you don’t mind me asking which broker where you using before PDT vs now. Thank you

[hanestv]

Hi! What platform you are using? Im here in Singapore and i want to trade US market. Thank you!