So you’ve opened a small stock account and now you’re ready to trade your first penny stock. Often times, penny stock traders with small accounts are not very experienced. If fact, it may be the first time they ever ventured into the stock trading market. Well, lucky for you we are here to help guide you along the way.
Now comes the real questions for penny stock traders with small accounts, especially new ones:
When should I buy penny stocks, when do I sell them?
Some people like to just pick a penny stock because they think it has a huge upside. However, it sure does help if you do a little research first! This is especially true if you are starting out as a penny stock trader with a small account. It’s also true if you are a new penny stock trader and have a big bankroll. You need to be careful in both circumstances.
We picked out three must-watch videos from three different penny stock Gurus to help you successfully trade penny stocks using Fundamentals and Technical analyses.
Use these videos as a stepping stone and check out all of their other videos for great tips and strategies on penny stock trading. They are helpful for all types of penny stock traders, big and small.
1. The Virtuosic Penny Stock Trader
Like anything in life, a good temperament goes a long way. When it comes to the penny stock market, it’s important to know what you can expect emotionally and mentally as you go into your first trades. This might even be the number one factor in penny stock trading.
In this video, Peter Leeds, one of the most prominent penny stock investors, describes 8 important virtues and personality traits you must possess if you ever want to succeed in Penny Stock Land.
Subscribe to his YouTube channel: Peter Leeds
2. Focus on Growing Your Penny Stock Account
There’s so much information embedded in this Tim Sykes video that a viewer ought to take careful notes, but tying into the previous video, a good trader has to be realistic. Don’t even worry about a big win. Focus on growing your penny stock account with small and safe gains.
Subscribe to his YouTube Channel: Tim Sykes
3. Knowing when to buy and when to sell a Penny Stock using Support and Resistance Indicators
There is so much to learn when it comes to Technical Analysis, but this is the great video by Ricky Gutierrez who breaks down Resistance and Support in layman’s terms.
How do you use this common indicator to determine when to buy and when to sell a penny stock? Watch and learn.
Also, Go Sun Devils!
Subscribe to his YouTube Channel: Ricky Gutierrez
SOURCE: Uptick Newswire