Should Beginners Trade Low Float Stocks?
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- Опубліковано 1 січ 2021
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Penny stock millionaire, learn to trade, stocks, market, trading, daytrading, day, trade, how to make money online, business, millionaire, Asian, selfmade, income, invest, investment, finviz, hot, low, float, profit
Thank you for sharing and Happy New Year! Many blessings with HEALTH, WEALTH, and WISE!
- microfloat: under 2M
- when stock reaches your max risk, don't wait for pullback, don't wait for red candle, just COVER SHARES in mkt order
- if stock is too high price, then the float seems bigger as retail traders can't purchase enough stocks to overwhelm the float. so supply>demand, so stock might gapdown or halt and stock drops 50% from top
- look for consolidation to short a stock, either on day 2-3. never short on first green day. never short into parabolic no matter how high gaining% is. no one knows when parabolic will stop so wait for consolidations or don't trade it at all.
-dux ends up not gaining or losing by end of year on microfloat so stay away. check stats
halts:
- T1: usually has pending news and sometimes no news and then stock drops 75%
- volatility halt is 5-10mins depending on exchanges, when stock is trading too much range. so it drops and has chance to come back.
microfloat not worth to trade:
- ask & bid spread are way too far = bad execution.
- borrow fee & hold o/n fee extremely expensive.
- risk is large because manipulators can easily move a microfloat $20 in one candle in premkt
can short in microfloat 2 conditions:
- stock running on day 2 or 3 shorted in consolidation.
- wait for first red day.
- size in small
- NEVER try to jump into first green day for microfloat
Thanks alot for this. Appreciate your notes
Thanks Steven ! Happy New Year !
Thanx for video ! Which trading tools ⚒️ r u using ?
Hey Steve awesome videos best I’ve seen out there in a while. If you don’t mind me asking which broker where you using before PDT vs now. Thank you
Steven do you have a video about your trading pc or set up, im getting back into trading and would like to have a similar pc as yours
Hey Steven do you have an app or software to search shares by criteria volume float etc
That is a great topic Steven. Thanks !!!
Hello Steven, what broker and charting software do you use? Thanks.
Steven I just wanted to compliment you. You’re grammar has improved tremendously. The videos are much easier to understand. Thank you man. Happy New Year’s
Are micro floats more likely to short squeeze at end of day bc of overnight fees? ... if holding VWAP
Thank you for your input. I always enjoy your videos
Where do you get the stock data from when tracking statistics?
do you have any automated process to download data for your data analysis?
Hey Steven would you ever consider doing a video on how to trade OTC breakouts?
Whats the differences between Duxinator and the trading techniques courses? Also do you do coupons for Veterans or new years sale on your courses?
Thank you Steven. I stayed patient and put in a starter on ACY at 38.00. Needless to say I ate -$15.00 on my starter plus commissions on that loss.
Hi Dux, which trading platform are you using ?
Hey dux. Do you have an idea when stockcraft is coming out, because I have been struggling with STT
What software do you use to track your statistics ?
Can you check a historical float of a stock like couple months ago?
How do u know when is it going to be halted and what type of halt is it?
I believe when you tell us not to trade micro float you mean NOT TO SHORT because, micro float can make your year of trading goin LONG if you catch the parabolic move and take advantage of short squeeze. Thanks for the video Dux.
Do you feel that on that particular day when ACY spiked, a lot of people were at home from holidays plus that was the only stock that had a low float that day during pre-market (with lots of volume), which caused the breakout and big spike?
Can we apply this theory on OTC s Dux? On the long specially
Happy New Year!
Can you make a video about your prediction on XRP?
thanks dux for the video lessons good work
Hi! What platform you are using? Im here in Singapore and i want to trade US market. Thank you!
Thanks Steven, I learned from your strategy and turn it into a long strategy. I have a very small account, and as I observed these tickers last week they have a huge gains for long/buy. I hope I can gain big enough to be short.
Hi, what software are you using there? and do you have a discord channel?
I like the facts, thank you. Good luck and be safe guys 2021 send it.
So talking about micro float...you think MCEP will pop? It has 444k float
Thanks dux! Nice haircut btw lol
Hi, how much if i want to join your course?
Thank you
Thanks!
How do you calculate float?
But how do we know for sure what kind of hault it is??
Hey Steven, your videos are very nice and helpful. Many of us are following you and learning here from the middle east and we have a special request for a video. Could you please make a video for the best long strategy or strategies for the current market, with all criteria, guidelines and when to enter and exit. A couple of good long strategies that can be relied upon. Please sir.
Hi Steven, i wonder if your approach in trading by using statistics/spreadsheets is also viable to use in trading blue chip stocks/large caps like AAPL, MSFT, NIO, BA etc.. For example you measure the average short squeeze percentage, average number of pullbacks in breakouts, average breakout percentage etc.. Do you think that blue chip stocks/large caps also lend themselves to the same approach? As in, does it make sense to track the same type of statistics for these stocks (seen that they have much higher floats and market caps, and ESPECIALLY alot more historical levels)? Or is the tracking of such statistics mostly reserved for small cap stocks?
Sure it is! I think any niche in the markets can be tracked / statistically analyzed
Hi Steven. Could u please recommend a notebook for the trading? 😊
Any Msi Gaming Laptop around the 1000 range will work. You can get portable screen to use to help you seperate the graphs. Make sure you check the portable screen compatibility with the laptop.
Also you want to boot the os faster. Make sure it comes with higher ram and have a ssd drive.
How do you know whether the stock halted due to a T1 verse a Volatility halt?
Good question! XD
Thank you Steven I am following very closely on your tactics to improve my trading .
I’m just starting... have you got a lot of losses? Is it worth getting into this?
Steven how do you find these stocks
Use a scanner. He is using StocksToTrade in his video.
*5:40** from 6.00 to 38.00 shudnt it be a 533% increase? mot 1300%*
Hey, I don't have enough money for the freedom challenge, is the trading techniques on your website still relevant?
dvds are never sufficient learning material. I would experience how he actually trades on a daily basis, his webinars. Im saving up for the freedom challenge as it includes the dvd as well. Not the duxinator one tho.
Has anyone taken his class?
Nice video
Trading micro float beginner:
1. Cut loss (market order) the moment the stock touches your risk level
2. Never short FGD, wait for FRD and significant overhead resistance
3. Wait for significant consolidation
hey steven, do you have any millioner students?
Amazing
Hi Steven, please explain how can i get historical Intraday data for stocks, and how can they be imported in a charting software to see the candlesticks. Thanks.
I understand why one shouldnt buy and hold low float stocks that go parabolic, but shorting it at the high can't be too risky in my opinion as it will collapse anyway, but thanks for the video
Where is the high though? That is the risk. If you have a huge account you might be able to afford to be red unrealized without your broker automatically covering for you, but if you have a smaller account your broker will most likely take you out of the trade.
I also think the same way shorting at top after the downtrend starts and it works most of the time but if you are taking 10 trades then you will be successful in 8 but 2 times you will make a loss and that loss can be very high so a very strict risk management strategy is also required.
I made 1500 on this stock it was crazy!
Whats T1Ho? :)
how much money would you recommend for an account for beginners ???? 20 k or 30 k? or 5 k?
Once you consistently get gains then up it
if first account i sugges $500. you probably going to blow it so might as well blow a smaller amount
@@cashmonyz spot on. first you prove yourself you can trade and make profit while staying discipline. if you can't do that, no point putting money even $100, or $100k
Definitely much smaller (1-5k). Statistics say you will lose money. Start small and small size and prove your plan works. If it doesnt then it is not so bad because you have only lost 1-5k and you live to trade another day.
What is micro float ? 10Million?
Micro float is under 2 milions
First here
Steve for fun can you do analyisis on float with Bitcoin?
老乡报道，支持你！英文很好！
谢谢，欢迎
Happy New Years! I hope everyone stayed safe and healthy out there
short answer: no
long answer: hell no
Watched on 2-23-22
Enjoy being stuck in halts constantly and having no control of your money, just stay away from low floats.
I made $355 kn ACY that day paper trading!
Thank you