It was another good week with the market with the S&P 500 up 4 days. The SPY is now sitting at $203.20 with an all-time high above $213.00. The key level I am watching is $206.00 as this is a potential turning point for the SPY. The overall market is important to watch regardless if …
Most people that write about the stock market will tell you what you MUST do to be successful. Some or all of what they say is often good advice but the fact is to trade profitably you have to know what NOT to do. The reason for this is quite simple. If you lose all …
Do You Like Awesome Penny Stocks? I haven’t posted in a while about many awesome penny stocks because the summer in the U.S. is really the down time for the stock market and especially the penny stock market. Now that labor day is over historically speaking the market usually comes back to life. In general …
Check out the link below for an older article created by Businessweek Magazine regarding penny stocks and the players involved in this crazy market. It’s a bit long but its a really eye-opening article that explains how the penny stock market actually functions. Although this article is 15 years old I guarantee this is the …
I wanted to wish a happy new year to all my readers. It’s been a great year for trading penny stocks and I believe 2013 could be an even better year in the land of the world’s most volatile stocks. Hopefully, I can start to make more posts about penny stocks on twitter and my …
While trading penny stocks today I bought a pump called FARE. This was yet another stock promotion by one of the world’s greatest penny stock promoters. I like buying penny stocks like this since free penny stock alerts get a lot of attention. It’s not unusual for the penny stock market to become more active …
While UNXL isn’t a classic under $5.00 stock this one was extremely volatile like they normally are when trading penny stocks. I shorted 2000 shares of UNXL at 13.45 today when the stock got into what I refer to as the “sell zone.” You can learn more about the sell zone in my trading course. …