Not everyone is cut out for trading penny stocks. The main reason I say this is because the most difficult part of becoming successful at trading is that you have to learn to take complete control of your emotions. Some people are very disciplined and can learn to do this fairly easily, whereas most people …
It’s a fact that most people fail at trading penny stocks because they don’t use a trading system and a trading system is essential to one’s success in the market. Nobody makes consistent profits without having a trading system. But a trading system is not magic. It is merely something that provides a statistical edge. …
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 …
It goes without saying that loss cutting is a very important component of becoming a profitable penny stocks trader. I wanted to share the following figure below because it really shows why this is the case. The first thing you will notice is that a small loss is quite easy to recover from, but as …
NNRX was a stock that started to rise due to speculation it was going to be one of the next big promoters pumps. The stock had a nice run from $.93 to $1.49 and then an epic plunge. Usually, stocks rise after a stock promoter releases their pick on stock but in the case of …
SWVI – Swingplane Ventures, Inc – Stock Promotion I bought 50,000 shares of SWVI – Swingplane Ventures Inc. after the same group of pumpers that promoted FARE a month ago released an alert. This was an awesome trade. The volume in the stock was huge as usually reaching 67 million shares by 11:00 AM EST. …
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 …
I wanted to bring up something that few people realize about trading penny Stocks. In general, the average person looks at the penny stock market like a casino and tries to make money by “investing” a few hundred dollars in a penny stock. What they are not aware of is the fact that there’s almost …
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. …