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How I Find the BEST Penny Stocks to Trade - YouTube
Channel: Timothy Sykes
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- How do you find the best penny stocks?
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A lot of people ask me this
'cause they see my videos.
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They see that maybe I'm buying a stock
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after it's already run 20, 50, 100%.
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And they say Tim, that's
all well and good,
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but how do you find it before it spikes?
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How do you find the best penny
stocks before anybody else?
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And the answer is, I don't want to.
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I don't want to be the only
person in a penny stock,
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thinking that this is some
undiscovered treasure.
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The odds of you finding
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the next great penny stock are so low.
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I would rather you focus on a strategy
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that is more high-odds,
more high-probability.
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And that means understanding
that you don't have
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to be first in a penny stock.
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In fact, first is the
worst because many times,
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you will think that you
have an amazing stock.
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You're like, oh my god,
the technology's amazing,
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the product is amazing.
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You'll see so many different chat rooms
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and message boards from people
who literally think this.
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And they sit idly by days,
weeks, months, sometimes years.
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And they hope.
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They hold and they hope.
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Let me tell you, hope
is not a strategy, okay?
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You will be holding and hoping a ton.
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Even if, by chance, that you
do find this amazing needle
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in a haystack, you will
have wasted so much time
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and so much better opportunity elsewhere.
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It won't be worth it, okay?
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This is how my top millionaire students
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and I have become
millionaires in a few years.
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Not by holding and hoping.
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Not by betting on Lotto pick-type picks.
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That's what people think.
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People are like, oh, let
me buy 10 penny stocks,
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maybe one of them will hit.
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It's like the Lotto.
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And they know that the odds
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of them picking a big winner are shit.
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That's why they pick
multiple penny stocks.
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And usually they're still oh for 10
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or maybe they're one for 10 or two for 10.
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And then they message me and
they say Tim, you're winning
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on 60, 70, 75% of your trades.
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I'm winning on five or 10%.
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How are you so much better than me?
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It's not that I'm better than you,
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it's just that I'm more experienced
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and I know what to focus on.
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You might be right one time out of 10,
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or two times out of 10,
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and try to make 100 or 200% on your money.
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But I'm right 60 or 70% of the time,
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for those of you who don't like math,
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that's six or seven times outta 10.
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And I make 10, 20, sometimes
30 or 40% on my money.
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I go for singles instead
of going for home runs.
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And I keep hitting singles
again and again and again.
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The problem with holding and hoping,
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not just missed opportunity,
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not just the low odds,
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is that, what if you're wrong?
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What if the stock, forget
about it just going nowhere,
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what if it goes down?
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You're holding and hoping,
meaning that you're holding
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through earnings reports.
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Any one of those earnings
reports can tank a penny stock,
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no matter how good you
think the company is doing.
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The CEO, the management,
the press releases.
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They're not gonna be
honest with you, okay?
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And every single penny stock,
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every single low price stock,
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is on the verge of bankruptcy.
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Understand that.
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They're on the verge of collapse.
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That's why they're trading for pennies
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or a few dollars per share, okay?
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You're trying to invest,
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you're trying to apply
long-term investing into a niche
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that is not made for long-term investing,
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unless you want to be a
long-term short-seller.
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And I do have several students
who have made six figures
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just long-term short-selling
pump and dumps.
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Betting on lower prices.
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'Cause the odds are with them.
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Most of these pump and
dumps will crash and burn
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within a few weeks, if not a few months.
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All of the penny stock pump
and dumps crash and burn
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within a few years.
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It's just a question, do
you have enough patience?
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Are there enough shares to short
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while it's going down that much?
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But do not think for one second
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that you should be
holding and hoping long,
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betting on higher prices,
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when the majority of penny stocks go down.
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To be in the sweet spot
where there are good odds
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of profiting, you can buy penny stocks,
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but you have to be quick.
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You have to be like a sniper.
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This is what I always
teach, trade like a sniper.
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You wanna go in, collect your 10,
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maybe 20, sometimes 30% gains.
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Buying an earnings winner
or a contract winner
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or a new billionaire play
or a technical breakout
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or maybe even riding a pump
for a few days, it's risky,
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but there are many different patterns
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where you can ride the momentum.
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And it's high odds,
probability, in your favor.
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That is the best penny stock.
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Don't make the classic mistake
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of taking a low odds of success strategy
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and thinking that you're gonna make money.
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'Cause you just won't.
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Hey, Tim Sykes, millionaire,
mentor and trader.
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Thank you for watching my videos.
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I hope that they help you.
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I want to share everything that
I've learned over the years.
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You can check out more
videos right over there
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and also click Subscribe
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so that you can watch all of these videos.
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Get that knowledge and become
my next millionaire student.
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