The penny stocks market is open from 9:00 AM to 4:00 PM Eastern time. Some people like to start trading as soon as the market is open; others like to look at the market first before they start trading. However, there is a belief that there is a specific time to trade in order to beat this market. What is the best time to trade penny stocks? This question is asked by many traders, but the response varies from person to person. For those of you who have been trading for a while should not have any problem knowing the best time to trade, but newbies would find it a little harder to know when the market will be profitable to them.
I used to ask myself this very same question just a couple of years ago, but after having done my trials and conducted my research I figured the best time in which I can make money trading penny stocks. Do you want to know when to trade penny stocks? Well, keep on reading…
If someone tells you there is a certain time to trade in order to make money it’s because that’s what people have been saying, but in reality there is no such thing. I have committed several errors; they have cost me a lot of money, but to tell you the truth I do not regret having committed those errors.
Knowing the best time to make money trading penny stocks is your homework to do. No one can tell you when you can make money in this market. Some people may be able to make money early in the morning, but when you buy your shares in the morning you lose your money. You have to figure out your lucky time by yourself. I call it “Lucky time” because trading penny stocks requires luck, especially if you are a newbie.
There are many people who are now making millions in this market. Do you think they start by wining until they get to where they are now? If it was that simple everyone would be trading penny stocks, you would not see anyone working 8 to 5 for a living. Those who are so successful trading penny stocks today have been through a lot of trials. Even Timothy Sykes, who is considered as one of the best to ever become so successful in this market has lost money before he reaches to his level.
Do not listen to your colleagues telling you that trading from this time to this time should definitely make you money. You can make money at any period of time, it just depends on your chance and the stock in which you invest your money.
You have to do your own trials and commit your own errors to really have a good idea how this market works. Others’ experiences can help you, but your experience will always weigh more. As always, do your due diligent to find penny stocks that worth your money. I know you work hard to earn your money, don’t just throw it away.