How to Trade Penny Stocks for Newbs $100 to $30,000 in 60Days

Today I’m going to teach you how to trade penny stocks and find the bangers in less than 10 minutes of research per day.
We’re going to cover risk, which brokerages to use, how to research a company, how to find the best penny stocks, and how to know when to sell.
This is a jam-packed video, so get your pen and paper and put the kids in the closet

Remember, trading is a whole lot easier when you learn from the best and get hot stocks texted to your phone. This video is free, but I do run a private community that gets you access to me nearly 24/7, my entire penny stock master class, and my text messages m-f with all the best stocks I'm watching + over 10 analysts helping you nearly 24/7 as well. Just click my link to join

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 and 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.

[PhatallyFlawless]

Penny stocks on the 3 major exchanges tend to consolidate at 3 major levels, .2 and .11, i just look for stocks that have been consolidating at these levels for a significant period of time and ill buy them and swing/scalp then a few cents up, 10% gain max, this is easy strat, 450% gain looks nice but its not sustainable if your going for thay every time unlesd yojr taking profit along the way hella

[dylangardner]

Great video. Can you have a stop loss/sell gain (or trailing stop) and then still sell your postion with a market order? Or do you have to cancel your order before you can use a market order again?

[georgekyriakou]

Could you please share your screener ? Daily 😊

[Blake-zpzd]

What kind of account do you use to day trade with