WHY YOU DON'T SHORT PENNY STOCKS - How I Turned $160 INTO $3000 W/ Options Trading - NOT DAY TRADING



If you shorted $BTUUQ today, chances are you blew your account, just another reason why options trading is better than penny stocks. In this video, I explain the situation a lot of traders got into today especially those trading penny stocks using Timothy Sykes strategy and how they could have done it differently to protect themselves. I also explain how on this same trade many lost money on trying to short, I came out with just under $3,000 profit while only investing $160. Best part of all, my play was entirely based upon fundamental analysis, and required zero chart patterns or technical analysis to make money on and I didn’t even have to slave in front of a screen an scalp for 30% or wait for a pattern, I just bought an options contract and held for a couple months and woke up to money. I make a nice little appearance at the end so watch it! Although I made money buying calls on $BTUUQ and people lost money on it by shorting it although it was a penny stock, the point I was trying to prove is that you still could have bet against the stock without shorting it, using a sketchy overseas broker like suretrader, and instead used options trading and bought a put option. If you did this, you could have had the same opportunity to profit on the way down, if not even better, and wouldn’t have had unlimited risk or ran the risk of putting your money in a broker who inconveniently stops working when the position is going against you. The real winners of anyone advocating to short this penny stock was the people selling the DVD’s and the sketchy brokers collecting your fees and overleveraging you so you blow up your account. Further, I wanted to show for the current options traders trading now, that you didn’t need to day trade this in order to make money, and that you would have actually been murdered by implied volatility if you bought in chasing and how the best approach is longer term swing trades. The key here is risk management, avoid day trading, don’t chase and use real fundamental analysis to put the odds in your favor. Moral of everything: you can make a lot of money being responsible. Don’t take unnecessary risks! Please SUBSCRIBE to the channel LIKE, SHARE, and COMMENT so I have questions to answers and things to talk about. If you think you can hang with the brothers and are qualified to be one of the 25 people we accept every quarter to join my 3-month mentoring program, where you are able to watch me trade stocks LIVE every second of the day, every day of the week and be able to ask me questions live while I trade, go to http://www.thetradingfraternity.com to request and application. The lazy an un-dedicated need not apply. If you have any questions about me or what we do, I have a 9,000 word FAQ here: http://www.thetradingfraternity.com/FAQ If you haven't done so follow me on social media! Twitter: http://www.twitter.com/JoshAnswers instagram: http://www.instagram.com/TheTradingFraternity Facebook: http://www.facebook.com/TradingFraternity Sign up to be a TTF Citizen and get access to our private LIVE webinars 2x a week, private newsletter, and REAL ESTATE chatroom!: http://www.TTFCitizen.com Apply for mentorship: http://www.TheTradingFraternity.com

Comments

  1. Can you make a video on implied volatility? How to calculate the implied volatility for any stock? Please and thank
  2. lol. this stock is worth two bucks now. Those who shorted the stock, should have simply waited it out.
  3. this guy is fucking terrible if you guys listen to him your just as stupid
  4. Hey, have you considered taking it from a monthly perspective instead of a daily or weekly perspective? Because as of right now, that stock is back in the $1 range and would have been a steal for whoever held onto it from that webinar
  5. Hey man, I'd like to know what some of your other sources of income are, and what did you major in?
  6. 17:56 did he just call his viewers/subscribers "FAGGOTS!?"
  7. you use e trade right?
  8. Respectfully, Tim Sykes chat room was not following the rules if they shorted this stock at around $8. You don't want to short until the first red day at the minimum. So hella stupid to short causing them to get squeezed and destroyed. Agree that it was awful to short but respectfully disagree on Tim Sykes.
  9. thus guy hates Tim lol ... I would say this guy is more easy to listen to than tim
  10. Great video my man Great simple explanation about options. Motivated me by showing your Ferrari lol
  11. "Casting couch" lol
  12. if Sykes is bs, is ClayTrader legit?
  13. bossman lookup Bitcoin on coinbase buy at least one now today. purchase some bullion fine silver
  14. gxg Etf
  15. Great video, like your honesty! do you think calls for Jan 2018 make sense now that this has come back down to $8?
  16. wow! i never thought the number of options could be an indicator.
  17. can someone tell me how to get the penny stocks chart
  18. I don't know a lot about options do you have a video on that because I love how you explain shit
  19. Nice setup:) it will get you more people for sure.
  20. Nice setup:) it will get you more people for sure.


Additional Information:

Visibility: 10389

Duration: 20m 8s

Rating: 226