In this episode, I'm going to discuss how much money that people can possibly make from penny stocks. I get this question all the time and a lot of my viewers and listeners always want to know exactly how much money they can make, how much they can expect to make after they put in this amount of time or after they've been trading for three months or six months. And just in general, what is the minimum they can make? What's the maximum they can make? So in this video, I'm going to clarify it for you guys. And I'm going to let you know exactly how being a day trader works and how the profiting works and just in general, the amount of money that can be made in penny stock trading.

So the main thing that you guys need to understand is that every day is not the same. Okay? So you consistency. There's really no such thing. It's not something that's necessarily 100% stable, but it is possible. To make good money if you know how to trade and if you trade them in the right manner.

So what I mean by that is that you have to almost, you know, Tim Sykes says this a lot, you have to almost think of yourself as a sniper. Okay? You're, you set up a shot and you wait for it, and you don't chase things you don't try to run after stocks, you wait for your target and you get your perfect shots. Okay? That's how trading is, alright, you know, you'll notice if you've been trading for any amount of time that the only time you lose money is when you know you trade because you're bored or you trade because you think that this might be a good setup, or, you know, the only time traders end up losing money and of course, I'm talking about traders who understand the rules, who you know, perhaps have went through all my videos or have followed other you know, prominent traders and just in general educated themselves with the stock market.

Um, you know, once you, you know, you first have to develop a business strategy and a basic education of the penny stock market. So that usually takes about, you know, a couple of weeks, maybe a month or two, you know, about 50 plus to 100 hours of, you know, hard effort where you're studying, you're watching my videos, you know, you're listening to other people, you're watching the stock market. And then it also takes a decent amount of trading, you know, because there's a difference between theory, which is, I guess, it's not really theory because I teach you the real applications of it. But there's a difference between me teaching you and you actually implementing it. So not only do you have to spend time learning and educating yourself about the stock market, but then later, you also have to spend time hopefully virtual trading which I discuss a lot.

You want to virtual trade, okay? You don't want to just go all in with your money, you know, unless you have money to throw away and you know, that's up to you but I would recommend you know, going to shirt trader or trade monster or TD Ameritrade has a software called paper money. And that allows you to virtual trade. And basically what it allows you to do is get used to executing orders and get used to knowing how to buy or sell or watch the stock market in general, you know, it's a little intimidating at first and, and when you start trading, you'll you know, how you'll start to realize how fast paced it is, or, you know, how many different things you need to keep an eye on, you know, when people think of traders or you know, sometimes when you see images or videos of traders, who see them looking at a whole bunch of different displays and monitors, and that's because they have to keep their eye on many different things.

All right, there's, you know, the news, and then there's the current stock price and then there's chat rooms and there's statistics and you know, there's a lot of different things and variables that go into stock trading. Okay, but in general over time, okay. If you think Follow the rules, if you stick to, you know, your discipline strategy, all right, you don't chase gains, you know. So if you're doing everything right, pretty much, well, you can expect on average. Again, you know, this is on average, maybe monthly average maybe a year the average, but on average, you can expect about a five to 8% gain per day, I would say and again doing a per day, meaning taking into account only business days, only trading days, so not weekends, but if you take it over the course of about six months to a year, you can see about profiting five to 8%.

Now, let me qualify that by talking about you know, how that how you can reach that five to 8%. Okay, first of all that involves being very disciplined in terms of knowing when to cut your losses. Okay? You need to be able to Never get into the mindset where you rationalize your trades, okay? This assumes that you have an account balance of over five K. Because if you have accounts of lower than five K, the issue is that while you're trying to build your account up, you end up losing a decent amount of money in commissions. Now, that's not to say that you won't make money, but the five to 8% on a daily basis over time doesn't apply to you until you at least get five to 10 K, and you at least solidify your trading strategy.

Okay. The other thing that you have to know is that you need to be able to sell your trade and your position. The second you see that you're in a we're in a losing position, okay. If I see that I'm down a cent or two on the trade I sell, because the reason you know, that has to do with my trading strategy. Um, some people almost call me a scalper. I definitely don't agree that I'm a scalper but I follow the price action and I follow the volume.

Right. I use the double catalyst rule. I use various rules and various strategies that allow me to, you know, I wait for opportunities basically, I'm opportunity secret on the stock market. All right, I know what catalysts and what factors cause the stock to jump in price into shoot up. Alright. And I discussed that in my VIP service.

And in general, you know, there's several different catalysts. And all I do is I wait for a few catalysts to stack up for a certain stock, I wait for the price action so that the market knows that this happened. And then I just get into the trades, right? So I don't stick with positions that are losing because there is no need for me to all I do is I sell and I get out and I lose just $10 on the commission of the trade or less. So if I'm using speed trader, it's like $7 or five $6. So, you know, you need to be able to discipline yourself in that manner.

And you know, don't worry, you know, take some time because sometimes you think, Oh man, I just got into the position. You know, it's gonna go up, it's gonna go up. No, but here's here's my helpful little tip about that. Okay? Think about you're working a job, okay? Or your work, you know you're in class, right?

If there's ever a second where you can't explain why you're in the position, and why the price is the way it is, when you have to get out. So in terms of say, you know, you think everything was right about the stock, and you know, your CAD news, catalysts were all good. And the usual trends that you follow, that make the price jump, are, you know, they're in the stock, and yet the stock is gone, the stock price is going down, you know, don't rationalize to yourself, or, you know, try to find out what happened, just get out of the trade. Okay. There's, you know, you don't want to the problem with people is that they, as they lose money, you know, they think about all they have, they come up with some bs reason or they rationalize a reason for themselves, that the stock price is going to go along.

All right, even though you think you might have more knowledge, it doesn't matter what you think the market is going to do what the market wants to do. All right. Now, in a future episode, I'm actually going to talk about control of the stock market. Because some people, you know, another question that I get is, do you think it's worth trading in the stock market when I don't have any control. And you know, the funny thing is that you do have control, you do have actually a lot of control over trading. So I hope this helps, I hope, you know, gives you a better understanding of how much money you can make.

And the last thing that I'm going to say is the one of the reasons why I love it, is because the, you know, that five to 8%, right? The reason that that's so amazing is because every day that you're playing the stock market, you have a chance to get into the higher honor. All right, almost every day in the stock market. There's at least one stock that during the day, shot up like 70% drop Hundred percent. Okay. So the best thing about stock trading is, you're getting a basic income, okay, five to 8%, which is amazing, okay, that's amazing to get in a single day, over time, you know, on average, but you also every now and then have the chance to be able to almost hit the lottery almost double your money, or, you know, guess 75% or 175% of your money.

So, you know, that's why that's the whole rush of the stock market. You know, that's what makes it enjoyable. And, you know, being able to have the opportunity because, you know, if you if you, you, if you're not in the game, you can't win, you know, what, what's that lotto saying, you know, you have to play to win. So you have to be in the stock market game to have the potential to catch one of those trades that showed up and that happens all the time. Okay. It happens all the time where the stocks shoot up, right?

This is probably the most conservative day, you know, where the top stock only moved 40% about, but even that, that was probably pretty simple to get into. And then when I do my how to research five penny stock or five minutes or less, I go over how the indicators that you have to look out for to know when a stock is about to shoot up. But that's all I want to cover in this video. I hope it helps. Let me know if you guys have any questions or leave any comments if you have anything that you want me to clarify, or just let me know what you think. As always, if you have any, you know video suggestions or any questions you want cleared up in a video format, just send me the question through email or through my contact form.

Two at admin at in penny stock calm. And you know, I'll come up with a video answer especially for my VIP members. As soon as possible almost for my VIP members. I do it that night. I'll give it to them that night. But in general, you know, I tried to provide as much material and content as possible.

So I'll get back to as soon as possible. So I'll see you guys in the next episode.