[mage lang="" source="flickr"]buy and sell penny stocks[/mage]
Does anyone know of any penny stocks that have a consistent trading pattern in which i can buy lo, sell hi?
i need to find a penny stock that i can trade in and out of and that holds a pattern of days or weeks.
Like all stocks there are some penny stocks that have defined trading patterns but no stock has consistent trading patterns.
But before you get into the market 1 – Be sure that you know what you are doing, why you’re doing it and how to do it.
2 – A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself.
3 – Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade/invest.
4 – A written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested.
5 – An understanding of the rules & regulations of the industry.
Although I’ve been investing/trading for a very long time, I haven’t spent much time with pennystocks since I honeslty believe they are a waste of time and money especially, unlike regular securities, penny stocks usually do not let you use risk cutting procedures (options and/or stop orders) since most are not traded in a regulated market place.
All that said, here are some websites that you will find helpful
Good luck, you’re going to need it
Part 11, How do You Buy and Sell Penny Stocks? Hot Penny Stocks Tips.