Storm-Traders you short 5000usd on tuesday july 2020, hit your head, wake up from coma wednesday 2032 and find that you shorted the new Amazon. Now you need to find 4mio usd to buy back and close your short.

right on, I make a pretty good living trading only penny stocks. When I want to have fun I will scalp the morning gappers.

@@SearchingForLoveOverseas any good penny stock tips??

Who are these people trading stocks for a living? Please name me and show me their track record. Why tf nearly every retail trader lying too much?

@@mvl3379 sure dude, I'm going to write the names and show brokerage statements of traders on a youtube chat board.

Bullshit

Agreed. Compounding is the key to success when invest great companies.

true. Most penny stocks are just lying flat waiting for a pump and dump to come in and pump that damn stock up to anything

The exchange fee, particularly for large trades, remains, plus the brokerages make money from the “spread”, which the buyer has no way to monitor (but it is your money). qz.com/1719659/charles-schwabs-zero-fee-commissions-still-have-costs/

Yeah, we taped this before the flurry of commission cuts. But we decided to keep it in because there are still a lot of folks that have to pay, depending on who they are with.

@@MotleyFool You could have used a graphic overlay update & sites like Robinhood have been commission free for quite some time to leave those out.

They are just trying to make it look as bad as possible.

yeah.. thats what investors try to do

what is a breakout sir, are there breakouts in robinhood?? thank you

That's not really our point here -- we're saying that if you are going to be investing in businesses run by other people, it's better to buy shares of established businesses that have been vetted and are less likely to be fraudulent.

Tell us how much have you stupid moron lost so far.

Brokerage order fees are now zero (but exchange fees remain), but the “spread” remains, and the brokerages will keep your money on each trade by a means you cannot see. qz.com/1719659/charles-schwabs-zero-fee-commissions-still-have-costs/

"Commissions" are zero, true; but, then how do brokers make money? Hmmm, they play the spread. In the old days of commissions, the spread collected was usually zero - they bought and sold for you at the exact quote at the time of sale. Now, they take a little off the top of every transaction. THAT is a topic all Fools need to talk about. Nothing is free and Fools know it.

No doubts about Bitcoin. Its the best

Bought 3BTC since 2018 @$8k now its $12k

I never missed the opportunity when Mr Luscious told me

He will always say success trading is achieved by making strategic profits and increasing risk only when probability is in your favour ..

After I made my first $9424. I was shocked at what crypto can do

You got lucky. Simple as that.

No. Its usually some anonymous fool on instagram who hypes it up for months. And some times that person might be friends with a person who knows another person whos friend is a major shareholder of the company. This is HIGHLY ILLEGAL if its found out. But you can also tell how damn hard that is to prove because its not illegal to sell your shares in a company with profit. And you dont have to tell anyone why you sold your shares. Honestly I wouldnt even sell all the shares, just because of how suspicious it would look. But imagen you have 1 000 000 shares in a pennystock that goes from 0.6$ to 5$. Your shares would go from 600 000 dollars in worth to 5 million in maybe just a few days. And most shareholders hold more then that amount of shares. Keep in mind that AMD was a pennystock in 2015. Now it has rushed up 3700% to 81 dollars or something. That would have made anyone who kept investing 100 bucks each month in AMD since 2010 a multi-millionaire today.

I made 30k in a week buying a 9 dollar stock that went up to 26$. Then bought the dip when it hit 13$ and doubled that 30k. All happened in 2 months. That’s not the standard. But I’m glad to be trading! :)

Give me names of verified successful retail traders. There are tons of real successful people in those 90% fail categories that you mention simply by googling. Is it the case for retail traders?

Its only been a week bro

A week..... A year........ A decade...... Again. Why is he talking about brokerage fees? Who pays those anymore? Get it?

sure commissions are gone, but there are still transaction fees. you dont really notice them because they are pretty small with normal trade sizes, but when you are day trading or doing the high share trades penny stocks require you start to notice them pretty quick.

You pay, its just not called a "commission" and is hard to see, you are being "played" by the "play the spread" game. Think like money exchangers, keep exchanging and you eventually have nothing. Now, once you realize you are paying per trade (Fools know nothing is free) - you can make an honest assessment of your expenses. At least Commissions were up-front and easily deducted. Now? BTW, I do agree talking about commissions is getting antiquated, but Fools need to discuss fees, sometimes they are quite high and always difficult to calculate.

Investing Education If you watch the stock fall for months or years before being priced right and making money then it’s profitable. If you can day/swing trade successfully you will see returns straight away, but you can’t invest with large sums of money otherwise you will become less nimble which significantly hurts your returns. Personally I use a mix of both strategies, I have stocks that I intend to hold for the long term and I also do my fair share of day/swing trading but only with the most established companies on the market. I’ve only just started trading a few months ago but so far trading has proved to be the most profitable and on average I make more money in a day of day trading (including transaction costs) than I do in a day of work.

@@tonydarcy7475 tks for sharing. I have no idea where stocks prices will be one day or even 1 year from now but i do have some idea where they will be years from now. Day trading seems like gambling to me. But if u have something that is working for u, then no harm trying

I like what you said Investing education, if you have something working for you then no harm trying. I agree if long term trading works for you keep doing it, if day trading works for you then keep doing it. But just for fun i looked a stock that has gone up a little over 100% over a 10year period. So over 10 years if you invested 25,000 dollars in this stock you would have profited a little more then 25,000 dollars over those 10 years. Now i took that same thought for day trading. If you took that same 25,000 dollars and made even just $100 dollars a day in the market day trading then in just one year you would make 25,000 dollars. And over the same 10 years you would make 250,000. For me i want to put more effort into improving my day trading over my long term trading. Over a 10 year period at just 100 dollars a day you could make way more. But at the end of the day its like you said if you have something that works for you then keep trying that.

@@activestocktrader7376 I dont know of day traders who succeed consistently. But I know of Warren Buffett and others who invest longterm and have succeeded. I am just copyin their simple and repeatable formula.

For hopefully 20% a year. I make that easily in a month👍🏼

hey im new to this and i would like to know more, could u please link Connor's and Charlie's channels?