How I Make Consistent Profits By Dip Buying Penny Stocks

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Frequently Asked Questions:

✅What platform are you using to look at charts?
I am using E-Trade PRO as my main charting software. To show my entries and exits, i use ThinkOrSwim by TDAmeritrade.

✅ What broker do you use?
I am currently using TDAmeritrade as my main broker.

✅ What broker should I use?
It depends on your own situation. Account size, place of residency, and trading style all are variables in choosing. I have a few video lessons on my channel of breaking down the most common brokers (use the search function!). You can also use this link to find relevant trading brokers in your country who will allow you to trade US Stocks. https://www.stockbrokers.com/guides/internationaltrading

✅ Are you long biased or short biased?
I am mainly long biased, but we have a few short biased traders within our community. You can join here and get opinions from both sides of the trade to be the most informed! https://www.tradebuddy.net/day-trading-chat-room

Comments

iceplanetRC says:

What criteria do you use for your low float scanner??

RA_ ankh says:

Hey Tony , been watching for a while now . I understand most of the concepts and indicators of trading . My question is how much money do you recommend making a trade with .

Like to make 300-1000 profit , what should my position look like ? Thanks

WayToo Zooted says:

I really like how this was a simple one entry one exit trade. Great trade strategy for us that have to comply with the PDT rule and can only take 3 positions for the week. Thanks for the breakdown!

Kiejung says:

Hey tony~ got a couple questions for you.
Do you ever filter out stocks that are heavily institutionally owned? ( if so what is the highest % of ownership you are willing to still trade? )
How does wash sale affect your taxes? Are you able to buy a stock after selling ( within 30 days ) and rack up $20,000 in "profits" while also having multiple $1000 losses that you cannot claim because you kept on getting out with paper cuts? When in reality you are up only 2k but can't claim the $18,000 in losses? Or am I understanding this completely wrong? Thanks man.

Hitman 009 says:

Good video man.

Osman GHALID says:

Cool video bro!

Felix VanBu says:

Do you use additional indicators to confirm that your support holds? At the time where you entered the trade i would have thought the price is going down, only based on the Chart itself and experience in similar movements.

Sean Mcgrath says:

great vid T

Ruben Rojas says:

Why do you use the lines chart rather than using candles to find support and resistance ?

Son Nguyen says:

Do you always do a 5 to 1 profit/loss risk? Good video.

rob meyer says:

Another great break down of your trade Tony! I really appreciate your good trading style. One of these days I will join your team.

David Munoz says:

Just curious what software do you use to record your screen live.. and does it slow down your computer at all? Thanks

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