If you search online you will often hear about people mentioning “institutions” and institutional traders. Once upon a time I used to work as an institutional trader for an asset manager with $1.3 billion in assets under management. For this reason, I believe I have some insight into this area that few others have. This …
Beginners’ luck when day trading penny stocks is more dangerous than helpful. In general, the worst outcome for a new trader is to be successful right when you start day trading penny stocks. The big reason for this is that it leads to extreme overconfidence. A new trader that makes money right when they begin …
When it comes to mechanical type trading systems an extremely important concept to understand is what is a robust penny stock trading system. What robustness basically means is whether a system is designed to work in a number of different markets, be it stocks, bonds, forex, futures, options, or cryptocurrencies, and whether it will generate a …
To make money trading penny stocks requires not only knowing when and why to buy a stock but also having the self-discipline required to choose the highest probability opportunities while ignoring all the noise. Everyone spends all this time looking for a magical system when in reality what they should be doing is learning how …
There is a lot of misinformation out there about what a trading system for penny stocks actually is. The fact is the road to wealth in the stock market requires utilizing a trading system, so it’s important to understand. A trading system is a part of your trading plan which not only determines how you …
As a trader you probably have heard people talking of cutting losses quickly and managing one’s emotions, but what does this really mean? It’s hard for people to understand until they really experience it for themselves. This is why I feel all new traders should not only spend some time paper trading, but also a …
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. …
For most people that are searching for a way out of their boring 9-5 life, the thought of trading for a living seems like a fantasy job. The good news is that becoming a full-time trader is completely possible if a person is willing to take the time to learn how the markets works (not just …
You may have learned at a young age that life is not fair. You do not always get what you want—and occasionally you may not even get what you need. The penny stocks game is rigged, but it doesn’t really matter. When things do not work out the way the way that we want them …
In general, I like to trade stocks in the $.50-$20 range however, I also will trade lower price penny stocks. Occasionally I trade futures and options, but I generally avoid bonds, bitcoins, binaries options, or currencies. Most of the people who have made big money in this business stuck to a small group of asset …