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 …
The rules and teachings below are from the mouth of the guy who I actually got my start from in trading, back in 2004. He has made ten’s of millions of dollars as a day trader and is one of the most successful penny stock traders in the world. I have had a lot of …
When it comes to new traders I find there are two schools of thought regarding trading strategies: (1.) Those that think if it isn’t expensive it isn’t worth learning. (2.) Those that think there is one “secret formula” which they haven’t yet discovered, will make them filthy rich overnight. What these people don’t understand is …
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 …
The regular trading hours for the U.S. stock market are 9:30 a.m to 4:00 p.m. ET. This is the time period when the market is most liquid and therefore more receptive to traders that want to extract profits. Unfortunately, there are only two blocks of time in the regular session that are actually tradable. You …
Why “Stock gaps” occur quite frequently in penny stocks… Stock gaps are quite common in penny stocks. Gap trading is a stock strategy which works over and over again on both the long and short side by identifying stock with a reason to move a great deal overnight. A stock gap occurs when the opening …
Time To Get Ready For A Potentially Large Pay Day A new stock promotion is coming next week (Tuesday, January 14th) by the world’s second greatest stock promoter. In the past 5 months, they haven’t had any good pumps, but I am hoping this will change after Tuesday. Typically a pumper’s reputation is only as …
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 …
Short selling penny stocks in theory would seem like an awesome strategy since every single pump and dump eventually implodes and falls back towards $0.0001. Unfortunately, there are some very big reasons why it is not a good strategy for the majority of new traders. When trading penny stocks you have to consider many factors. …