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Penny Stocks Do's and Don'ts

Penny Stocks Do's and Don'ts

  • Understanding and interpreting Level 2 quotes is critical to improving your penny stock trading performance.
  • Look for companies that have consistently generated cash and are growing their free cash flow over time
  • With proper research and education, penny stock trading can be a profitable and fun hobby.
  • When trading penny stocks you have to be able to keep a very close eye on them.
  • Why some stocks go and some don't, mergers fall through on most and other have financing yanked from them, all in all we do find some to get into early.
  • As always, we encourage you to do your own research and dont believe a dam thing someone says about anything in here. Also, remember when you are in a position to profit it is often wise to do so.
  • Do not buy a stock based on the number of shares you can buy!
  • Don't ride a penny stocks into the dirt! If you are down 10% to 20% on a penny stock position, it's time to cut your losses and get out. If you are well diversified, you will have other promising stocks to help you recover your losses.
  • Never fall in love with a stock! Stick to your plan! If a one of your penny stock picks hits your target support price, have a exit strategy before your buy order fill .when the stock continues to climb take profits on the way up, don't chase it down on panic selling .
  • Failing to cut losses - Cut your losses. Protect the bulk of your investment. Cutting your losses means you live to trade again.
  • Averaging down - This means throwing good money after bad money.
  • Buying on tip or on rumor - Always do your due diligence, even if the news is reported by the company themselves.
  • Folks learn trader pivots point on different time frames they will usually stop at the next one above on either the 60 min , daily or weekly charts... ma lines , bollinger bands or fibonacci lines

 

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