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 …
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 …
The penny stock market isn’t what most uninformed people think it is. Below is an explanation of how a real pump and dump is orchestrated. Now for the uninformed penny stock investor, this is really bad news. Most of these people will end up getting caught in a pump and dump and lose everything. For …
I wanted to share one of my recent trades. ALKM is one of those penny stocks that got pump and dumped by the big guys. It didn’t play out as usual but I was able to earn huge profits by playing the bounce setup. The stock came out of the gates and moved up a …
Hey I know it’s been several months since my last post. Fortunately, I believe I have had a good reason for my lack of posts. The last 6 months were pretty crazy for the stock market. Yes, the market got caught in a range during April and May (even though now it is making a …
After my huge swing trade in FNMA that I wrote about last week, I had several other smaller winning trades in this stock. One occurred on the breakout continuation pattern at $4.81 (a pattern I detail in my book) and another scalp trade on the break continuation pattern at $5.87. Unfortunately, I was visiting my …
Last night I watched the new movie The Wolf Of Wall Street and I wanted to provide my review of it. I can honestly say this is one of the funniest and most outrageous movies that I have seen in a long time. I would not be surprised if Lenardo Dicaprio receives many rewards for …
As the Christmas holiday approaches, penny stocks are fairly quiet. I have just returned from a 3-week vacation in Asia. As much as I miss following the market when I go away, the truth is every trader needs to take time to relax and recharge every so often. Without this, most traders will burn out …