How to Grow a Small Account Day Trading? Penny Stocks NOT the only way for Beginner Traders!

Are you trying to grow a small trading account? Buying penny stocks is NOT the only way for day trading beginners with a small account.
🔽Time stamps:
1:50 Large cap trading VS Penny stock trading
3:33 Small account trading breakdown on $XNET $PINS
5:19 Benefits of trading large cap stocks $PINS $GRUB $BYND $ROKU
8:46 How to adapt your trading strategies in various market cycles
10:48 Trading large cap stocks with small account

While most day trading marketing gurus out there tell all the beginner traders to buy penny stocks and follow their alerts... trading small caps not the ONLY way. And definitely not one to rely on throughout the whole year.

How I grew my small account day trading years ago, was by buying penny stocks in hot cycles, such as the shippers, blockchain, weapon bubble. And focus on trading large cap stock earnings and news in the seasons where penny stocks are dead with no volume.

Trading Large caps vs Small cap penny stocks:
1. Large caps tend to trend for an extended amount of time.
2. Large caps are less volatile and allow day trading beginners to practice patience and trading emotions
3. Large cap short borrows are much more accessible than small cap penny stocks
4. There's almost always fresh news such as Chinese Tariffs, FDA approvals, earnings guidance out daily for the large cap stocks.
5. Penny stock trading volume tend to die out in the summer, while large cap movers have volume almost daily.
6. Penny stock patterns and indicators are not reliable. You should focus on trading psychology. But Large cap stocks follow technical set ups and patterns pretty well.

The key is, if you are trading penny stocks with a small account, focus on capital preservation and only buy penny stock momentum in the market cycles that favor your long set ups. Do not force trades and chase every break out and expect the same trading set up and trading strategy to always work out.
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.

AFFILIATE DISCLOSURE: I only recommend products and services I genuinely believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.

Humbled Trader FAM count: 19,180

[MrMusic]

Made $4.5k today HT! 🙌Your videos have been a catalyst for me 😁

[eccentricsmithy]

I started with $55 in my account, took almost 4 years to make my first million.

[TheCoolkidz]

wow changed my whole perspective for someone about to start their small account favouring long set up on penny stocks, thank you :)

[wucool]

Great info! Just to add on to what you said, you don’t always have to buy “cheap” mid/large cap stocks with a small account. For example, I swing traded 20 shares baba at one point around $160/share (only $3200), then it jumped to $180 something per share 2 days later... that was over $400 profit... I’m currently long on BABA... I realized pretty quickly that You don’t have to trade penny stocks to make money and it’s way less stressful. It sucks that I can’t trade as much as I’d like due to work.

[jvaccai]

I just recently made the switch from small cap to large cap. I need to day trade in a more relaxed way

[alexandresofman]

Love this Lady! Watched only 3-4 videos and already learned more in an hour than in months of watching useless webinars. Subscribed and of course like every video. Quality content that usually goes for premium. Good looking too and very intelligent. But even if I didn’t see her at all I still recognize someone who did their homework and talks from hard earned experience. Bravo!

[isaiah]

AMC was the reason I got into stock in the first place. I knew that their stock would shoot up after the country started to open again. Bought at $5.66 a share and after news came out that they were not only opening all of their theaters but movies were having larger turnouts than expected, my stock rose to $30. Now Reddit messed with the stock making it jump to $60 so I sold because I know it's only worth about half that. Invested half in TSLA and saving the other half for when AMC drops again so I can buy back my stocks.

[robmclaughlin]

You just have to love YouTube and watching videos from 3 years ago that still make sense today.

[jcrockett]

In 2018 I was trading a small account and I bought 10 share s of NTES when it was over $300. And it just trended higher. I was stunned by how much I made with only 10 shares. So, it can be done. So, I is true that you can grow a small account with penny stocks, but, it is not the only way.

[lancepheng]

U can also trade the new micro futures to grow your small account. If you want to trade futures like wild penny stocks and u are a very skilled trader you can trade /NQ. That is the nasdaq mini futures. But u need an account to handle $100-150 stop loss. 1 tick of a nasdaq movement which is .25 c is $5 gain. 1 poin=4 quarters = 20$ of movement. Full ATR on the chart is 5 points of movement. Now on the micro lots is is 1/10th of the size . Symbol is MNQ

[Big-Wonka]

Lol I gotta keep pausing because I'm cracking up. Once I realized that there were hilarious Easter eggs then I couldn't focus anymore 😂

[WillHo]

Thank you so much for opening my eyes. Ive been trading micro caps for 1 year now pulling my hair out! Your videos are fantastic. Keep up the hustle! Lets get it!

[AaronWilliams-jqgy]

Thanks for all the free information. You've taught me how to research everything. By following you, I'm deeper than most at the basics of trading. Most people are all chat rooms and scanners. It feels good to see that I have the same stocks without using a scanner.

[MattK]

Holy hell! First day not trading penny stocks....my damn, this is much better. Way less stressful. LOVE IT!

[thefullenergychannel]

I'm starting out with a 580 dollar account size and I have already decided not to trade large-cap stocks after I accidentally forget to place a stop loss when I was in demo mode and the price took a 500 dollar drop which would have blown my 580 dollar account if I had been live

[surfsunsand]

I cant not wait until you buy your Lamborghini. You deserve it and plus I have never seen a Lamborghini with snow chains.

[ers]

10:05 - HAHAHA @ Lambo Flag Pattern! Too funny.

[Triniboi]

Literally exposed guys like Ross Cameron with the chat room follower strategy. You’re the real deal. Love your channel and appreciate your transparency.

[caveyray]

You’re awesome Shay. Thx for the great info. You’re not only smart and informative, but beautiful to boot! What a combination!

[Huckleberry]

Oh wow!!! I tapped the like button and my account grew!