Did you see HMNY? This week the market came back swinging sending S&P 500 all the way back to the all-time high reached in May 2014. The unusual side of things is that the jobs number for May came out last week and it was significantly below the projection. Normally this would be bad but …
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 …
NEM: If the market decides to go back up I am looking at a short on NEM which is a gold stock that’s been ripping. 161.8% or 176.3% extension on the daily combined with some fib retracements from high to low. It will just be a quick trade since I think if the market keeps …
On March 27 I mentioned a trading idea I had in the 3D printing industry and how I thought several stocks were setting up for a nice big bottom reversal breakout, one of my bread and butter setups I go over in great detail here. Well, Thursday we got that big breakout day and I banked big …
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 …
The variability of trading profits in penny stocks is difficult for most new traders to fully comprehend. The reason for this is pretty clear once you think about all of the potential outcomes of any trading decision that you make. For example, you can make a good decision and be rewarded with a positive outcome …
After several volatile, but very profitable months of trading, I decided it was time for another trip. The market has been on fire and in the past weeks has rallied back up a significant amount. A few months ago it looked like the world was about to end (for long-term investors) and now all of …
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 …
This market has been out of control, in a good way for day traders like myself. For long-term investors not so much… I want to explain the best way I have found of how to trade in a bear market. As expected the SPY pulled back again and moved back to test the lows at …