Stock Trading Quick Tip: The "Penny Stock Pick" Scam Exposed

It does not take very long when trading penny stocks (especially if you hang around on Twitter, Facebook, message boards, etc.) until you come across the tried and true "stock pick" scam. While it is most prevalent in the world of penny stocks, the concept still holds true for stocks on any exchange. In this Quick Tip lesson I expose how this scam works and why the majority of people will lose money, particularly those who are brand new to the market. The Stock Trading Reality Podcast - http://claytrader.com/podcast/ Join My Private Trading Team - http://claytrader.com/join-the-trading-team/ Learn to Trade Without Emotion: http://claytrader.com/store/ Follow Me: @ClayTrader25 Like Me: https://www.facebook.com/claytrader25 Add Me to Your Circle: https://plus.google.com/113644547732955130822/posts ClayTrader.com and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. Investing/trading in securities is highly speculative and carries an extremely high degree of risk. Compensation Disclosure: ClayTrader.com has NOT been compensated for this video in any form and does not own any shares (long or short).

Comments

1. You are awesome.
2. Would you invest in cannabis stocks ?
3. didn't even have to watch the other video, this was a great video for a noob
4. So if we don't listen to " hot penny stock picks" how do we find penny stocks to buy shares in that have potential to rise ?
5. Most people also don't understand that unless you got 25k in your account you can only buy and sell 3 times a week in the same day. So almost impossible to make consistent money with penny stocks. Holding penny stocks over night is death to most accounts
6. Democrats blaming Russians!
7. This sounds very familiar: Have you heard of "pump and dump?" Not just penny stocks, but even the great storied, gloried stock of their era within the regular professional markets, overrun with this type of psychological inveigling and chicanery, runs rampant.
8. hi clay. i believe what you are saying. and if this is the case with most penny stocks would you be able to make money by shorting most of the time? maybe a stupid question but I'm just getting into all this investment stuff. ty for ur vids
9. Have you heard of Angel Publishing, Penny Stock Millionaire or Alex Kyafman?  What do you think of him?
10. Very nice again....
11. $DRYS Has me stuck. In at $6 and falling steady. Still waiting for the "Big run back to $100" lol
12. Tim sykes is one of the most infamous of these people
13. penny stocks don't really. bother me. what bothers me. is all these. market gurus selling people get rich quick type schemes to uninformed newbies. really sad.
14. thanks clay very helpful work.
15. Hi clay I have been studding your videos for a long time now. I am not a trader yet trying to learn and be confident and ready. I would like to know what is your honest opinion on Timothy Sykes?. thanks Clay
16. yeaaa this confused me but I think I got the gist. I always do extensive research on any penny stock Im considering and if something doesnt look right I stay away. But the good ones i choose defenelty arent hyped up so to speak. Maybe Im doing something right. I try going for the penny stock companys that are actually making moves.
17. aka pump and dump
18. Clay is a scam
19. Very nice visual of this facet in the market. You may want to include how hedge funds create this by front loading and then setting huge buy orders to pump stocks into key watched metrics...i.e. high % gainers, 52wk highs, etc. So it's hype manipulation without words.
20. they always go to the moon. that is what my private wealth manager told me