Articles, Blog

Real-Time Quotes – Are They Really Worth the Money for Penny Stock Trading?

December 7, 2019

I’ll tell you about getting real-time quotes for the stocks that you’re going to trade so that when you see the price of the stock you know that is an actual quote right now at this moment as opposed to most services especially the free ones the online portals they’re going to show you a quote for a stock but it’s going to be 15 minutes delayed so it doesn’t cost you anything but that information is not necessarily accurate in the last 15 minutes you guys are awesome you know I think that just reach out any time and please subscribe to the channel click the bell beside where subscribe to get all the alerts that we send out right when we set them up so the way it works is that typically when you look at a stock price a stock quote online especially if you’re looking at one of the free online web portals or services or even maybe through your broker if you’re out paying for it you’re looking at data which is 15 minutes delayed so if it says that it stocks trading on a dollar 12 cents that was 15 minutes ago in between then and now anything could have happened with the shares they may have increased they may have decreased they may have stayed the same you don’t know if that’s the point the point is that you don’t know what’s going on with the shares so that’s why you may be inclined to get involved with real time quotes but in my experience for the about 100 bucks a month is generally what it calls with most services is that you’re not going to make that hundred dollars by benefiting from looking at in real time quotes if you’re an active trader and you have a large portfolio then maybe it’s worth it maybe you should look into getting real time calls I went through a phase where I was using real time quotes market depth level to all that stuff and it did not really make a big difference at the end of the day the reason being about a lot of times you’ll look and see what other investors are looking at doing with with market depth you’re going to see the top 5 buyers of the stock who are in line and then also the top 5 and I say top but technically it’s like bottom the 5 sellers of the stock of what they’re looking to get for the shares so you can see the you know closest 10 investors 5 looking to buy 5 look at its own you can see what kind of levels of shares are looking to buy at what price and you can get an idea of investor psychology you say okay well there’s a lot of buying demand all sudden or there’s a lot of selling demand going on and it might give you clues which helps you make better trading decisions so that your decisions are more profitable however it generally doesn’t and the reason for that is that sometimes just as often as it helps you you wash you steer you in the wrong direction because a lot of people do not know how to interpret what they’re looking at any of they do sometimes it steers you wrong or it takes you the wrong direction so you’re looking at just a thin sliver of the most ambitious traders of all the traders looking to buy this dog the five were willing to pay the most for it and then you’re going to see of all people looking to sell the stock the five were willing to accept the least amount for their shares so this is what market depth is and level two quotes or real-time quotes is going to show you all that so that it will maybe help you and as I said it doesn’t really in my experience over the longer term and if you are not an advanced day trader who’s in the markets all day long every day with a large portfolio you’re wasting your money save your hundred bucks a month because generally a lot of penny stock investors especially they’re less experienced or they’re newer or maybe they have a small portfolio to start with so maybe you’ve got two thousand dollars five thousand dollars it doesn’t make sense to be putting out a hundred dollars a month just to get some tools and some advantage that maybe would help you maybe a wouldn’t and it just as likely will cost you money as much as it would save you money and as I said in our other earlier video the other day it’s no different than if you are using the world’s best golf clubs does that make you as good of a golfer as Tiger Woods you think that you’d win a game of basketball against Michael Jordan if he was wearing flip-flops so long story short and just like I said in that video the other day you do not need all these fancy platforms and you don’t need all these fancy tools for example the real-time quotes which you’re going to cost you a hundred bucks a month usually they’re not going to help you make a hundred bucks a month and people think that well it’s kind of almost like a crutch they think that if they can just use real-time quotes so I have the advantage and all some will be a great investor it all comes down to simply finding high-quality company’s the purpose of a business is to make money purpose of a stock is to show fractions or shares of the underlying company and as they grow as a business they should have better financial results which then in turn results in the share price increasing the high quality companies with the great improving results always rise over time and this is what we try to do here and you can benefit from penny stocks that are going to increase in price because the business is doing well whether or not you know what the top five sellers and top five buyers are going to do with this stock because at the time they don’t know what they’re doing either just because it shows up you say okay here’s the top five buyers I want them looking at pay you don’t know that those guys are a bunch of idiots and maybe they’re not maybe they’re pretty good at what they do but generally you don’t have enough information to know how to interpret this data properly to turn it to your advantage.

You Might Also Like


  • Reply MisterBassBoost April 30, 2017 at 4:34 pm

    Great! Keep it up!

  • Reply Tu bia April 30, 2017 at 5:15 pm

    How long do you typically hold a stock? Weeks? Months? Years? Or all of the above? Thanks!

  • Reply BadCow May 1, 2017 at 11:13 pm

    Once again, ONE of the most honest and helpful YouTuber out there. Peter, you are the genuine article, a real class act, and I mean that sincerely, not like a smart ass. The first thing I do when I get home from hell, I mean work, is jump on YouTube and see what new video you have posted, and I am never disappointed. Thank you for what you do.

  • Reply TheEasyInvestor May 18, 2017 at 1:35 pm

    So then how do you trade with a delay if you are trading for real and not paper trading ? I want to trade for real but my platform is delayed by 20 minutes please help

  • Reply Ryder Bateman July 19, 2017 at 9:01 pm

    Hi Peter,
    I am a new penny stock trader and love watching your videos which are teaching me a ton so thank you. Would you recommend paying your $199 annual membership? Do you honestly think it will hep my build my portfolio and help me get on my way to choosing the right stocks? Thanks for your time

  • Leave a Reply