The rising tide of the commission-free broker…
Yesterday there were a ton of articles about commissions ending. Before last week, Robinhood was the ‘free’ brokerage everyone talked about. Then announced Lite, which is theoretically commission-free.
Now everyone’s messaging me…
“This is such a great day!”
Just looking at the headlines … everyone’s excited to trade more.
Commission-Free Broker: Headlines Don’t Tell the Whole Story
This is a screwed up industry. Look, I get it. If I didn’t know this stuff…
… if I was just starting…
… I would probably be excited by these announcements too.
The E-Trade Baby Needs a Suit of Armor
You’ve seen the ads…
The cute little E-Trade baby with all the knowledge and skills…
“Look how easy trading is…”
Sorry to pop the bubble, but studies show that 90% to 95% of traders lose. If that dancing baby were real, it would be a bloody baby … THE BLOODY BABY WOULDN’T EVEN BE ABLE TO BE SHOWN ON TV!
Which is why I have to warn people about this new development.
For me, commission-free trading doesn’t change ANYTHING. Commissions don’t really matter to me — they’ve always been a negligible cost and always will be. And you don’t become a millionaire by cutting your commission costs on trading! This move by the brokerages is like dangling a carrot in front of a vegan’s eyes.
Unleash Your Inner Trader or … the Lure of Commission-Free Broker
This is a trick. A trick to get poor people to trade more.
First, commissions are only $5 or $10 per trade. So you’re talking about saving what it costs to buy a few cups of coffee at your favorite coffee shop.
It increases the gambling aspect of trading. Why? Because now you don’t have to pay commissions. So you can, theoretically, trade more. This is little ticky-tacky stuff that lures in degenerate gamblers. It gets people excited.
You should not be trading more.
Commission-Free Broker Fails to Fix the BIG Problem
What’s the big problem? The problem I’m trying to help you solve?
People overtrade and have no idea how to plan trades.
I wish they were tripling commissions to make a higher barrier to entry. If fees were higher, people would be more hesitant. There wouldn’t be as much overtrading.
Churning Your Account Won’t Make You a Millionaire
Frankly, most people aren’t gonna become millionaires by overtrading. In fact, they’ll churn their accounts even more. So what’s gonna happen with all these brokers announcing commission-free trading?
My guess is it will increase trading volume. Which means more people will lose. Roughly 90% lose now. But it will probably go up … maybe 92% or 95% will now lose.
The Worst Mindset Trap I’ve Ever Heard
I know this is controversial. Everybody wants to save money, right?
But frankly, the race to commission-free reinforces the wrong priorities. People wanna cheap out. And they think they’re gonna do better saving a few dollars.
But traders don’t lose due to commissions. They lose because of overtrading. Or taking bad trades. Commission-free reinforces both overtrading and taking bad trades. People will take more bad trades, trade a lot more, and get more frustrated.
That’s why I had to write this post and get it out to you fast.
Crazy how all brokers going commission free are getting poor people into trading more, but that won’t make you rich. You MUST have patience and wait for only the best plays, Commissions always have and always will be irrelevant, study the fuck up and don’t give into these games!
— Timothy Sykes (@timothysykes) October 3, 2019
Are You Prepared for Battle?
This is a battlefield.
Investors and traders are losing the war. They’re getting crushed. If you compare trading to war, then you could compare commission-free trading to a military parade. Everyone’s excited. We all want to see the shiny stuff going by.
“Look, it’s a parade!”
But they’re masking the ugly reality. So when someone messages me and says, “this is so great…” I have to shake my head. No, it’s not.
If you go into the nuances of it … it’s not so great. It’s masking the big problems in the industry. And now, poor dumb people think they’re getting help. The fact is, they’re getting screwed even more.
Again, this is finance. This is trading. It describes pretty much everything that’s wrong with this industry and…
… explains why I teach.
A Warning to Those Who Value Education
Now you know why I have to warn people about this.
My job is to educate based on reality. It’s my job as a 20-year veteran to dispel the myths and expose the ugly realities.
Here’s a reality…
The firms are still gonna make money. Some people are saying “Oh my god, are these companies gonna go out of business?”
If you look at what their actual business is, they make less than 20% of their revenue from commissions. In fact, TD Ameritrade expects to lose roughly 15%–16% of its current revenue. For Schwab, it’s only around 7%. E-Trade expects around a 20% drop.
So, yes, it seems like they’re losing a small portion of their business.
But remember these are still the same brokers. And they’re luring dumb gamblers with this scheme. They definitely have ways of making it up on the back end. A side newbies and poor people don’t even know about…
The Rich Get Richer While the Poor Get Poorer
It’s kinda sad.
The poor think they’re getting richer when the rich are actually tricking them.
“Yay! Poor people … get excited … we’re lowering your commissions!”
And the poor people are like…
“Yay! Let’s save $5 or $10 because I’m poor and it means a lot to me!”
But they don’t realize what’s really going on.
The Hidden Costs of Commission-Free Trading
The brokerages are gonna find new ways of making money. How? Lots of hidden fees. Like payment for order flow. What’s that? What’s payment for order flow? Glad you asked…
Brokers get cash payments for routing orders through specific electronic trading firms. It’s how Robinhood can afford to be commission-free. But like I’ve been saying for a while about Robinhood…
… you can save on commissions but get crappy executions. What’s the point of saving $10 on a commission if you lose $250 because your order fill was crap? And that’s just one example.
When the brokers go commission-free they’re gonna make a little extra in lots of other ways. Like those crappy executions. Or market making. Or by charging you an extra tenth of a penny per share. If you trade with a big account, it might cost you an extra $400. Or more.
No matter how they do it … you’ll likely pay more in ways you can’t even see.
Remember, like I said, right now roughly 90% of traders lose. And this will make the percentage go up … maybe even up to 95%. They’re luring in the poor. And, frankly, the poor get poorer … and the rich get richer.
My Job Is to Cut Through the BS
Those of us who make millions laugh at this stuff. Not at the poor people, at the brokers using the race to zero commissions to lure in suckers.
It’s my job to teach you the ways of the rich. If you’re poor, I’m on your side. Think of me as your champion. I want to educate you so you’re prepared for battle. I want you to see through the BS and change the mindset of cutting costs when it’s not in your interest.
The Rich Don’t Like It
Why? Because I keep being real in an industry full of fakes. And now, it’s an industry with a shiny lure to draw you in and annihilate your account.
You could ignore me. Feel free to enjoy the big no-commissions push. Get screwed on executions. Join the 90%+ of traders who lose…
You get to choose.
Or, heed my warning, learn to plan your trades, avoid overtrading and be willing to pay commissions for better service.
You can thank me later. Hell, you can call me Robin Hood if you like…
Just not the broker.
If you’re ready to go deep, to really understand the nuances and build a foundation of knowledge to last a lifetime, apply for the Trading Challenge today.
Be prepared for transparency. Get ready to immerse yourself so you get the most out of your membership. But only if you’re ready. Do you have what it takes?
What Students Are Saying
Check out what my students are saying … this week alone:
“So glad I attended the inner circle at the summit. Jump started my trading. So much more confident. Made a nice little profit of $1100 following the rules and taking profits on $PURA. Love the morning dip buy. in at .11 and out .13. Go to the inner circle live trading if you ever have a chance. Worth it!”
And user BrandoKlein:
“6k shares in $UNRG @.3650 out @.41= +261.60 !”
And these Profit.ly users:
Bloodhound: “timothysykes in response to your question re results today. Bought NAKD 20K just premrkt @0927 hrs for .0575 and sold @0932 hrs for .64. Good process and no risk on overnight hold, which was important for this newb. Had to be away the rest of the day, so really didn’t do anything later as couldn’t have watched it.”
redwagonrider: “[expletive deleted] YA TIM there is the power. knowing how the market is reacting to super strong stocks at the end of the day. Taking the trades that are setting up. focusing only on the biggest % gainer. Effing love learning from you! adapt adapt adapt”
michaeldufresne: “timothysykes $500 on a 2k account on NAKD and $SPNV.”
cfcmickt: “Bought $CLSI Friday into the close at $0.028 FGD low price OTC as this had further green days after the first recently. Sold this morning for $0.036. Took my near 29% profit, did not want to be greedy and hold and hope for more. Safe profits. Yet another green month.”
MOKI: “$CLSI in at .0608 and scaled out, half at .0822 and the other half at .0870 +239.”
Or this from one of my top young students…
Jack Kellogg: “locked $CLSI 35k from .0335, sell .046s. $400-ish. nice way to start the week.”
Tweets from Students
Like this one from @sublimetrades:
Awesome trade on $CLSI otc breakout. Long 40k @ .0455, added 25k @ .048, and 55k @ .0565. Scaled out in the mid .06s to mid .07s for $1,860 profit (18.6 R). $2k a day keeps the real job away. #Forward🐢 #MondayMotivation @timothysykes pic.twitter.com/YxOO9XkeDn
— John Papa (@SublimeTrades) September 30, 2019
And this from @GaRlk888:
$CLSI OTC multi-day breakout.
Nowhere else you can make 24% to your deposit per day risking only 3 %. Awesome setup. Thank you @timothysykes ,@kroyrunner89 ,@Jackaroo_Trades ,@Dom_Mastro10 ,@iVarunMad . pic.twitter.com/F30t3FUmtp
— GaRlk088 (@GaRlk888) September 30, 2019
Or this one from @Chesskid90:
— Sean Riddell (@Chesskid90) September 30, 2019
Finally had my first $100+ day since I started trading mid-September. Bought $CVSI on first green day at 1.83 sold at 2.03 during the (slow) morning spike. Partnership catalyst w/major retailer. @timothysykes @StocksToTrade pic.twitter.com/WLeN6ogiBo
— Brandon H (@BHilton124) October 2, 2019
— Carlos (@Aristi0714) September 28, 2019
And this from @MalvarezJj:
— Coward Trader (@MalvarezJj) October 3, 2019
Bought 2000 $spnv late yesterday at $.19 and held overnight. Spiked to $.25 and sold for $240 profit. It kept going up to .33 but I could hear @timothysykes “take profits!!” I left another $300 but not a bad trade from $500 account.
— iceekikistocks (@iceestocks) October 1, 2019
And new Challenge student @InceNY1:
I’m done today! As a new challenge student Time to study!! $1345.64 profit @ $NIO $824.18 / $SPNV $521.46
I Will start to post all my trade @profitly
Thanks @timothysykes @StocksToTrade @tbohen pic.twitter.com/eYlfuDE0Xl
— ERIC INCE (@InceNY1) October 3, 2019
Do you have experience with zero-commission brokers? Share in the comments below. New to trading? If you get it, comment below with “I’d rather pay commissions than get crappy executions.” Comment below, I love to hear from all my readers!
Is Canopy Growth (TSX:WEED) Stock a Contrarian Buy at $20?
What’s going on?
Canada’s largest marijuana company just reported disappointing results for its most recent quarter ended September 30, 2019. Canopy Growth lost $374 million for the quarter, representing a 13% increase in losses compared to the same period last year. Management says the hit is mainly due to rising operating costs.
Cannabis producers have increasingly warned of weaker-than-expected for the current quarter and into and 2020 due to a lack of retail outlets in Ontario and Quebec. In fact, there is growing concern that the marijuana industry has switched from a shortage of product that hit the sector a year ago to an oversupply.
Canopy Growth booked a $32.7 million charge on returned products and a $15.9 million write-down on inventory in the latest results. The problem appears to be connected to weak demand and lower sales of oil and softgel products in the recreational market.
CEO Mark Zekulin specifically targeted Ontario as a major pain point. The province is dragging its heels on allowing an increase to the number of physical stores that can sell recreational cannabis products.
Net revenue from the quarter came in at $76.6 million, down from $90.5 million in the previous three months.
Investors had hoped the company would get spending under control after the board fired Bruce Linton, the former founder, chairman, and CEO this summer. Canopy Growth’s largest shareholder, Constellation Brands, recently put its CFO into the chairman role.
Constellation Brands invested $5 billion in August 2018 to boost its ownership to 38%. The investment was done at a share price of $48.60.
At the time of writing, Canopy Growth’s stock price is down to $20.20 per share. That’s a 17% decline on the day and well below the high near $70 the stock hit in April.
Cannabis bulls say the total Canadian medical and recreational market is more than $5 billion, and the opening of hundreds of new retail locations in Ontario and Quebec in the next two years should boost sales of legal pot products.
In addition, Canopy Growth is positioned well to benefit from rising demand for medical marijuana in Europe and South America, where it has established production and distribution operations.
The wildcard remains the United States. Selling cannabis products is currently illegal at the federal level, but many states have allowed the sale and consumption of the products. Canopy Growth has an agreement in place to acquire Acreage Holdings in the event marijuana is legalized federally south of the border.
Acreage has production and distribution operations in at least 20 states.
Should you buy Canopy Growth today?
The company now has a market capitalization of $7 billion, which still appears expensive based on annualized revenue of less than $400 million and no clear path to profitability.
Contrarian investors might want to start nibbling on the hopes of a near-term bounce, but I would keep any new position small right now. There is a risk we could see further downside across the sector before the dust clears and bargain hunters put a new floor under the stock.
Other oversold stocks in the TSX Index might be better options to consider today.
Motley Fool Canada’s market-beating team of experts has just released a brand-new FREE report revealing 5 “dirt cheap” stocks that you can buy today.
Our team thinks these 5 stocks are critically undervalued right now, but more importantly, they could potentially make Canadian investors who act quickly a fortune.
Don’t miss out! Simply click the link below to grab your free copy and discover all 5 of these stocks now.
- 3 Takeaways From Canopy Growth’s (TSX:WEED) Horrible Quarterly Earnings
- Could Canopy Growth’s (TSX:WEED) Drake Partnership Bring the Stock Back to Life?
- 2 Marijuana Stocks I’d Buy on the Verge of an Industry Purge
- Canopy Growth (TSX:WEED) Stock’s Drake Partnership Pushed Stock 13% Higher
- Marijuana Stocks: Has Canopy Growth (TSX:WEED) Reached a Bottom?
Fool contributor Andrew Walker has no position in any stock mentioned.
Best 3 Day Trading Indicators – On and Off Chart [Video]
Day Trading Indicators Video
Before we dive into day trading indicators, first review the below video which is a nice primer.
When you are just starting in day trading, you will likely feel overwhelmed with where to begin.
You need to think through your trading plan, trading strategy, trading platform and this is just the beginning.
The other key area of focus is what technical approach will you leverage to succeed in the market. Let’s be clear, you cannot day trade the market using fundamentals. It’s a short game. So short, that most of my gains are made in 3 to 4 minutes.
So having the right tools to analyze the market is paramount to your success.
To this point, we are going to highlight the three-day trading indicators you can use to beat the market.
The three components we will cover in this post are (1) time frames, (2) on-chart indicators, and (3) off-chart indicators.
Picking the Right Chart Time Frame
I do not want to suggest there are any hard rules around the best time frame to day trade. You may have a higher patience threshold and prefer to use 15-minute charts, and I might have a lower patience threshold and prefer tick charts.
You should, however, consider a few things to make up your mind about picking the best time frame for your trading style.
First, you need to answer what time of day do you plan on trading.
If you have a day job, you probably are only going to be able to trade the first 30 minutes to one hour. If this is the case, then you are going to want and trade the one minute, two minute or three minute chart time frames.
Why such low time frames? Simply put, you need to ride the quick waves higher and also protect yourself quickly if things go against you.
For example, if you are trading a low float breakout, you will sometimes know within seconds if the trade is real. You don’t need to wait for a 15-minute bar to print to tell you where to buy and scale out of your position.
I do not trade in the middle of the day because the action is too slow and give back gains from the morning.
Since the action is slower, you will only confuse yourself using lower time frames. If you are trading after 11 am, you will want to use the 5-minute or 15-minute chart.
This will allow you to draw trendlines connecting key support and resistance levels. You will also not overreact if a high or low of a candlestick is breached.
You essentially are going to use the higher timeframes to quiet the noise from choppy lunchtime trading.
End of Day Trading
You can use the same approach for the end of the day, as the early morning setups. The only difference is the end of the day is the driver to getting you in and out of the market quickly.
You do not have time for 60-minute charts since this would only give you two bars to make decisions at the end of the day.
Bringing it Altogether
So, the rule of thumb is that you should use a lower time frame when you have less time for day trading activities. Similarly, you should use a higher time frame when you are keeping an eye on the market throughout the trading day.
In the above chart of Apple, notice how the 5-minute chart produces three times the number of bars. You can easily see this presents some buy and sell signals that otherwise would go unnoticed.
You will need to think through which time of day works best for you and then the corresponding time frame which will give you the most success.
Using On-Chart Indicators for Technical Analysis
If you add many indicators to your chart, let me be the first to tell you it’s a complete waste of time.
Hence, taking a “less is more” approach would not only help you declutter your chart, but also make it much easier for you to interpret the price action.
I strongly recommend that you keep the Volume indicator on your chart at all times.
In addition to the volume, I always keep the 10-period simple moving average (SMA) indicator on the chart. The 10-period moving average is one of the most popular day trading indicators among day traders. It is fast enough to give an early indication and direction of a significant price move when you are expecting a stock to break in a direction.
Lastly, I like to use the Average True Range (ATR) indicator to gauge the volatility of the security.
For example, Microsoft is not as volatile as a stock like Tilray. Therefore you need to know the behavior of the stock you are trading. This will allow you to adjust your risk parameters and money management rules.
So, to quickly recap, you need candlesticks, 10 SMA, volume and the ATR. This is more than enough for you to interpret the price action.
Using Off-Chart Indicators in Day Trading
While you would find the on-chart day trading indicators to be essential for technical analysis, at the end of the day, charts and indicators are just sugar-coated versions of the order flows that makes up the overall supply & demand in the market.
If you were a retailer, selling fruits, would you prefer to buy from wholesalers or the farmers themselves? Where would you get the best price? Of course, from the farmers.
In this analogy, if you would get the wholesale information about the market from technical indicators, you would get the best data from the Level II quotes. These quotes are the actual pending orders that other traders have placed with their brokers.
There are times where my chart will scream buy the breakout, but level 2 is telling me to stay away. I have no quick way of telling you how to interpret the level 2 data. It’s simply going to come down to you watching price action and level 2 to “feel” the market.
I know that sounds like nonsense, but I know when my stock is done. I can feel in the pit of my stomach that the move is over. When I don’t listen to that 6th sense, this is when I get into trouble.
To put it in more concrete terms, if you know that there are a large number of pending buy orders below the current market price compared to sell orders, which way do you think the market is going to break?
To explore more on level 2, please check out our article here.
Time and Sales Data
When it comes to day trading, I also heavily depend on another off-chart day trading indicator – the time & sales window. Tradingsim offers this data in the which is also known as the traditional “Tape.”
Once you start watching order flow in the time and sales window and depth of the orders in Level II, you can take your day trading to the next level.
Keep things simple when trading the markets. The more day trading indicators on the screen the harder it will be to figure out what the hell is going on.
Start with the tactics identified in this article and see if it doesn’t help bring clarity to your trading.
There is also something called total view which displays all of the open orders in the market. I do not feel total viewer is something you need to actively trade stocks, some of you might find it useful.
It is provided via the Nasdaq and of course comes with a fee.
The post Best 3 Day Trading Indicators – On and Off Chart [Video] appeared first on – Tradingsim.
Uber Share Price vs. Uber Service: The Truth About Big Companies, Popular Products, and Dying Stocks
There seems to be so much confusion around the Uber IPO, Uber share prices, and Uber service…
The company’s popular around the globe, right? So why isn’t the stock soaring?
Let’s talk about 2019…
This year, a lot of well-known, popular companies had IPOs — Uber, Slack, and Peloton. These companies produce some of the public’s favorite products … but their stocks are complete garbage.
And all of them have underperformed. And traders still ask, “Is now the time to buy?” Let’s look at these ‘hot’ IPOs and Uber share prices to better understand why these stocks aren’t great for small accounts.
Don’t Fall in Love With a Product
Companies continuously produce new and improved products for the public to love. Once the public bites, media outlets jump on and overhype the companies. The results are huge overvaluations, and it just sets up stocks and traders for disappointment.
Just because a company makes a great product doesn’t mean the company itself is good. There can be a ton of things wrong with a company … But people will overlook huge red flags if they love a specific product. So they look for the right time to jump in.
And as these overvalued companies start to fade, that question keeps popping up: “Is now the time to buy?”
Dip buying on large companies isn’t the same as my dip-buy pattern. It’s challenging to know where the bottom actually is with larger companies. The price could continue to fall for months, like Uber share prices. Let’s check out some recent examples.
Slack Technologies, Inc. (NYSE: WORK)
Since its June IPO, WORK has basically gone straight down. Although it didn’t dump following its IPO, the stock has consistently declined for months. Specifically, it’s dropped roughly 10% every month since the IPO or nearly 50% from its highs.
I can’t tell you how many traders, investors, advisors, and articles I’ve seen calling every one of the dips the bottom. Like when it dropped from $42 to the $30s, according to the financial media, this was a good dip to buy.
And again, when it dipped from $35 to $31, people said it was absolute panic. They thought that was the bottom … only it continued to drop further.
People thought it was an excellent time to buy when WORK dumped to new lows thinking, “Okay … this is down from $42 to $26. This 100% has to be the bottom.”
Don’t get me wrong, I like Slack’s product. I know a lot of people who like Slack and use it every day. But you can’t judge a stock based on a product alone. You have to understand the company’s fundamentals. And even then, these big companies may not be the best investment. That’s just a small piece of the puzzle.
Uber Technologies, Inc. (NYSE: UBER)
Look at Uber share prices and you’ll see another bad IPO. So why is the stock so bad when so many people around the world use its service?
The stock’s down nearly 50% because they have a lot of issues with their cost structure, growth, management, and company culture. I mean, they have endless problems. Uber’s share prices and stock chart speak volumes.
But if you listen to mainstream media, Uber stock was the greatest buy of 2019. So many pundits and experts hyped UBER as a great buy. People and the media fell in love with the product…
… but they failed to look at all of Uber’s underlying issues. That’s a huge mistake.
Again, I love Uber’s product and will continue to use it. I don’t want to see Uber fail — I’m merely being realistic. Big companies with popular products usually aren’t the best investments.
None of my millionaire and six-figure students made their profits investing in these large, overvalued companies. They used predictable and repeatable patterns like the ones I teach in my Trading Challenge.
Peloton Interactive, Inc. (NASDAQ: PTON)
Uber and Slack aren’t the only failures. This pattern happens every year with several companies. Peloton, the indoor cycling company, was supposed to be a hot IPO this fall.
But what really happened?
Not much. It dipped a little off its IPO price and has been chopping around. It’s nearly impossible to grow a small account with this price action. That’s why I only trade penny stocks.
Again, don’t confuse the stock and the product. Here’s one last example for you…
Celsius Holdings, Inc. (NASDAQ: CELH)
I drink Celsius. I think it’s a great pre-workout drink, kinda like a healthy energy drink. A lot of health-conscience fitness professionals recommend their product.
Theoretically, this should do very well. But, over the past two years, CELH has done nothing.
Even some of the world’s wealthiest people invested in Celsius, but it’s failed to perform. Li Ka-Shing, the world’s 30th richest person, is an investor who planned to bring the drink to Asia. Celsius should’ve been a big hit there. For whatever reason, it’s not taking off.
I can’t say this enough. Trading isn’t about the product or the quality of the company.
And if you’re trying to grow a small account, getting 10% growth a year (which is considered good on Wall Street) won’t help you much. What can work for your small account? Day trading penny stocks.
Need a place to start? Check out my free penny stock course here.
Stay Out of Dying Stocks
You can’t hold and hope. Well … you can, but it’s not a strategy, and it doesn’t work.
I hate seeing traders fail. Trust me, I personally love a lot of the products these companies have created. I even use a lot of them, but that’s not enough for me to trade these tickers.
If trading has taught me anything, it’s that the stock market will never value a company based on people’s reaction to the product or service. I know people still think that’s possible because that’s maybe what happened in the market a few decades ago.
Unfortunately, after a 10+ year bull market, you can’t rely solely on a popular product.
For example, if you want a company’s stock to go up, the company will have to come out with new products. Especially with big, multi-billion-dollar companies like Uber or Slack. Also, the product can’t be a fad, and the company also needs to be structurally sound. Even if a company has everything going for them, there’s no guarantee the company’s stock will spike.
I see this trend again and again. It’s challenging for people trying to get into the stock market. Many are busy and think…
“Hey … I just want to invest. I want to invest in what I know!”
That’s a popular adage in the market, “invest in what you know.” But people take it too literally. And sadly, it’s not that simple. People like to oversimplify things.
Popular Products, Good Companies
I’m not saying this strategy never works — sometimes it does. Starbucks is near its highs. Sometimes, people love the product and the stock, like Chipotle.
Chipotle had some food safety issues, and the stock got crushed 50%. But the company is solid, and people continue to love its product. Now it’s right back at all-time highs.
But there’s no discernible pattern with these big companies.
Nike (NYSE: NKE) is near its highs, but you don’t know what will happen next. A lot of people love and use Twitter (NYSE: TWTR) … but it’s been very choppy over the last two years. A huge portion of the business world uses Microsoft (NASDAQ: MSFT), which just hit all-time highs as of this writing. There are just too many factors to consider.
The Reality of Wall Street
You can’t guess a company’s value solely based on personal experience. These simple assumptions don’t make for smart, self-sufficient trading.
Let’s say you pick your 10 favorite products and buy the stocks. Maybe you’d get lucky and buy the next Microsoft. But more times than not, you won’t grow your account that way.
If you look at Uber share prices now — and you bought in on day one — you probably already know this lesson firsthand.
Learn from that experience. Learn from my experience. Focus on how you can be a smarter trader and adapt to the market. That’s exactly what I teach my students in my Trading Challenge. Apply today.
Learn patterns like the ones I explain in my How To Make Millions DVD. These penny stock patterns are far less talked about and less counterintuitive.
What do you think about ‘hot’ IPOs? I love to hear from you!
The post Uber Share Price vs. Uber Service: The Truth About Big Companies, Popular Products, and Dying Stocks appeared first on Timothy Sykes.
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