Last week I didn’t give a Trading Challenge webinar due to my schedule.
While that’s rare, I did get the opportunity to watch Mark Croock’s weekly webinar.
It was incredible to see the value Mark gives.
More importantly, every penny stock trading lesson Mark taught was a great reminder.
That’s right. Even after 22 years of trading, I try to grow my knowledge every day.
That ranges from watching student-turned-master Mark Croock teach the basics…
… to breakthrough thinking about hot new speculative markets.
Take NFTs for example…
I’ve been obsessively studying NFTs for the past few months.
One thing I’ve learned is…
Basic trading concepts apply to all markets.
That’s why you should do two things right now…
First, register for my NFT Trading Summit on Wednesday, March 30 at 8 pm ET. When you join us, you’ll see how a 25-year-old trader made over $1 million in 10 hours from NFTs.
This once-in-a-lifetime trading opportunity forced me to have a huge mindset BREAKTHROUGH…
Click here to see why I was WRONG about NFTS.
All registered? Good.
Now read these penny stock trading lessons from Mark Croock’s webinar.
They’re foundational trading lessons no matter the market…
3 Top Penny Stock Trading Lessons With Mark Croock
Mark focused on premarket preparation. Here are three trading lessons from the webinar. Read to the end to discover what you’ll learn when you watch the webinar replay. See Mark’s profit chart here.
Penny Stock Trading Lesson #1: Focus On Hot Sectors
Mark pointed out something that most new traders overlook. As he put it…
“Hot sectors will grow your small account more than any other catalyst.”
I usually tell students to focus on big percent gainers. Yes, Mark scanned for big percent gainers during the webinar. But only after he identified the two hot sectors he’s watching this week.
That said, I can’t argue with Mark about sector momentum. When an entire sector runs, it multiplies the opportunities. It means more big percent gainers and sympathy plays. Even though there aren’t always hot sectors, you should look for them as part of your preparation.
What creates a hot sector? A big news catalyst that affects the entire sector.
In a way, that’s what’s happening with NFTs. There’s an upcoming news catalyst that could potentially open the flood gates to NFT trading.
Penny Stock Trading Lesson #2: Focus On Multi-Day Runners
Next, Mark said to focus on multi-day runners. Again, I can’t argue with that. I like to trade StocksToTrade’s Breaking News Chat plays when I catch them. But you have to be fast.
With multi-day runners, it’s easier to determine risk levels. And finding a good entry is easier, too.
So heed Mark’s lesson well. By focusing on multi-day runners you’ll see clear breakouts and panics. Add my first green day setup to the mix, and it’s a solid trifecta of trading strategies for beginners.
Multi-day price action applies to trading NFTs, too. You’ll see what I mean when I interview seven-figure NFT expert Adam tomorrow night.
Penny Stock Trading Lesson #3: Focus On High Volume
Mark put it this way…
“Always look for explosive volume and ignore low-volume spikers.”
Why? If the volume is too low, you could get stuck in a trade with nobody to buy when you want out. My biggest loss ever came from being stuck in an illiquid stock. (Read about it when you download your free copy of “An American Hedge Fund” here.)
Mark summed up his three premarket preparation lessons with the acronym CVC…
- Chart: Look for multi-day runners as opposed to one-day spikers.
- Volume: Focus on high-volume and avoid low-volume stocks.
- Catalyst: Big catalysts can create sector momentum.
That brings me back to NFTs and this week’s event. There’s a MASSIVE upcoming catalyst that could mean a flood of new buyers in the NFT market.
And as a result…
NFT trading could skyrocket.
That’s why I’m so stoked! I can’t encourage you enough — register for the event right now. Then watch the pre-event training videos and come ready to learn tomorrow night.
Click here to find out why NFTs are the hottest thing in trading right now.
More Top Penny Stock Trading Lessons
My webinars alternate between Q&A sessions and live-trading webinars.
That said, I’m not the only Trading Challenge mentor. Last week, in addition to Mark, Mike Huddie and Tim Lento gave webinars.
Over time, lessons from webinars compound to grow your knowledge account. Come with questions and work to get better at trading penny stocks under $1.
5 More Penny Stock Trading Lessons
Miss the webinar? Trading Challenge students can watch the replay here. Here’s a taste of what you’ll learn when you watch the replay…
- Which sector is heating up as the war in Ukraine drags on? (If you guessed oil you’re wrong. Pay attention to what Mark says at the 17:30 mark.)
- How NOT to miss a potential play based on your scan filters. (Weird but true…)
- What Mark is looking for in the weed sector. Hint: it’s not just the expected House vote this week.
- Why trying to dip-buy premarket breakouts is risky. It’s not for the faint of heart and especially not for beginners.
- PLUS: Watch over Mark’s shoulder as he traded Sundial Growers Inc. (NASDAQ: SNDL).
Mark covered a lot of trading lessons in his webinar. He answered student questions and explained his thought process in real time. I can’t encourage you enough to show up every week with solid questions.
Ready to take your trading to the next level? To access the live webinars and hundreds of archived webinars…
Take the Trading Challenge
Live webinars separate the Trading Challenge from our stand-alone products and newsletters. Every week there are two to four live webinars from mentors like Tim Lento, Mark Croock, Mike Huddie, and me.
Want more penny stock lessons from Trading Challenge webinars? Comment below, I love to hear from all my readers!
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