🔴 Subscribe for more free Stock Trading tips: https://www.youtube.com/channel/UCoSG43KFjTe0trsteSQ46Ng?view_as=subscriber?sub_confirmation=1 Balance sheets can be super important … but it all depends on the type of companies you trade. If you’re into penny stocks like me, there are few things you should know. Here’s what I think about balance sheets. Check it out! Share this video with a fellow Trader: https://youtu.be/DIVPZaU4-z4 ✅ Links I mention and recommend: Join Tim's Challenge here: https://bit.ly/2YOgkKG Subscribe to my FREE weekly stock watchlist here: https://timsykeswatchlist.com/ ✅ Recommended video: https://youtu.be/IgTsEYzpPj0 ✅ 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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Let’s talk about balance sheets and what to look for — specifically when trading penny stocks. For me, it's totally irrelevant. I don’t think it’s totally necessary to look at a company's balance sheet for low-priced stocks. Why? In my experience, almost every single balance sheet that you’ll see will be horrific. Almost every single penny stock is a horrifically flawed, fundamentally screwed-up company that will most likely suck up as much money as possible, for as long as possible before going out of business. Penny stocks usually have very little cash and very little revenue. They probably also have big losses and maybe big debt loads, too. When trading bigger companies in the ‘normal’ stock market, balance sheets matter more. You want to try to value the company as a whole based on its price, earnings, growth, debt, and profit. So why even trade penny stocks? Opportunity. There’s a lot of corruption in this niche. You can learn how to use that to your advantage. I don't think you have to read through all the balance sheets… I like to expect the worst. Whether they go bankrupt, shut down, or are barely hanging on by hyping themselves with press releases… The sooner you realize that this is a go-to strategy for these companies, the sooner you start to focus on patterns and price action. That’s the way I like to teach. How do balance sheets play into your trades? Be honest: Did you know what a balance sheet was before this video? Leave a comment below and tell me! #TimothySykes #Pennystocks #Investing —————————————————————————————————————-
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