STR 005: Why This Trader Stopped Trading Penny Stocks to Trade Options

Free Guide - The 5 Tools I Use To Find Stocks To Trade: http://claytrader.com/lp/Free-Guide-Trading-Tools/?utm_source=social&utm_medium=youtube&utm_campaign=resource%20guide When first getting started many traders find themselves in a situation with a smaller trading account. This leads to the common thought process of “I need to trade penny stocks in order to build up my account.” Richard Davis (RDTrader12) discusses his experience with this same thought process and where it lead him in his journey. Spoiler alert… it was not to the land of riches and success. He learned some valuable lessons along the way and he is kind enough to share the experience with us. Are you currently under the impression that the “only” way to trade with smaller accounts is through small cap and penny stocks? If so, definitely set some time aside to listen to this interview. The Stock Trading Reality Podcast - http://claytrader.com/podcast/ Join My Private Trading Team - http://claytrader.com/innercircle/ Learn to Use Charts - http://claytrader.com/training/ 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.

Comments

1. Be Kind and Rewind
2. I unsubscribed a few yrs ago. I resubscribed today ... these podcasts are awesome
3. I thought of getting into penny stock but than I found options and have been studying options for over 1 year and I am still learning with a paper trading account. Now I have noticed that options are not near as liquid as they used to be or at least from what I have seen in other videos. What do you think???? is the option market dying or is just my impression? with my paper trading account I have been able to make money but im afraid the option market is dying and I am just waiting my time since I am thinking doing this for a career.
4. Thanks for this! Not many people are willing to talk about this side of pennies.
5. Excellent interview of a common trader recalling the thick and thin of his trading journey. RDT is one to watch in the InnerCircle for sure!
6. I have never lost on a trade. Even when it didn't work out, I always gained much in pain.