🔴 Subscribe for more free Stock Trading tips: https://www.youtube.com/channel/UCoSG43KFjTe0trsteSQ46Ng?view_as=subscriber?sub_confirmation=1 Today I’m talking about slippage. You need to know about this before you risk your hard-earned money. It really matters when you're trading hot penny stock. Here’s why… Share this video with a fellow Trader: https://youtu.be/UjizzrVwc2c ✅ Links I mention and recommend: Join Tim's Challenge here: https://bit.ly/2yIUWYz Subscribe to my FREE weekly stock watchlist here: https://timsykeswatchlist.com/ Get the Complete Penny Stock Course here: https://amzn.to/2EE4vMx Check out this special offer for Stockstotrade: https://stockstotrade.com/14daytrial/ ✅ Recommended video: https://youtu.be/qCA7tiMDn1Y ✅ Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R ✅ Follow Tim Sykes and his trading travels: Instagram: https://bit.ly/1Remh9f
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What exactly is slippage? Slippage is where you put in an order at a certain price and the stock moves too fast. So your order is executed at a different price. That’s bad — it costs you money. That’s slippage. You have two choices when you put in an order: market order or limit order. If you've read my book or seen my video lessons and DVDs, you know I never like to use market orders. But I’m curious how many of you use market orders… I use limit orders. But what if you're trying to buy a stock and it goes too high? What if you're trying to sell a stock and you put a limit and it blows right through it … what do you do? How do you cut losses quickly when the stock is moving too quickly? You have to prepare ahead of time. Too many people are too aggressive. You have to use specific limits. If you're willing to miss a trade, that's actually a good thing. That can make you more conservative. If you're trading a very volatile stock, you need to anticipate that the stock could blow through your limit. And you need a backup plan. You need to take your emotions out of the equation as much as possible… preparation is key. I think about the other stocks and how they can impact my play. Often times you have these days where all the morning spikers just fail for whatever reason, and you have to accept that. I change my order to a limit so that I can protect myself. I'm just trying to lock in the gains. Remember to think big picture. Focus on capturing the meat of the move, not just the money you could potentially make. I like to play it safe. There's no one right answer about limit orders. You have to judge what the market is doing and what you think this stock will do. Then put in your best guess. Make an educated guess based on your research. Always have a plan. Consider the different options. It does get easier over time and with lots of practice. Experience pays the most — keep learning. Do you use market or limit orders and why? What’s the worst slippage you’ve experienced? Leave a comment below! #TimothySykes #Pennystocks #Investing —————————————————————————————————————-
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.* —————————————————————————————————————-* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/
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