|
It's also very possible that you might not hold on to your penny stock for a long
period of time. You might feel compelled to sell your new penny stock within one
hour, two hours, or before the market close, on the same day that you purchased it.
You might take a gain of a 1/8 point, a 1/4 point, a 1/2 point, or even a lot more, in one day. You could do this on the first day, the tenth day, or the tenth month. You never know what to expect, but you'll be ready .... because you'll always do your fundamental and technical research.
And ......... You won't mind making trades because you'll only be paying ten to fifteen dollars for each trade that you make. Of course, you might well decide that patience is the proper virtue, and you'll ride your winner for two months, six months, or a year, confident of a much bigger payoff.
Once you've mastered the art of bottom-fishing for these solid little low-
price penny stocks, you just might want to have a go at some small companies
that are what's known as (momentum) plays. These are usually smaller companies in the (high-tech/bio tech) field that have new discoveries.
They get hyped-up and recommended by some TV commentator or some business-news writer, that fans the flames and sets the stock in motion. You'll be smart enough and cautious enough to recognize the trend, and then jump in for a quick fraction of a point before jumping right back out.
You'll also be getting privileged information (on specific stocks) from the
best penny stock-pickers (us) in the country. High circulation newsletters have enough clout to drive specifically recommended stocks off their current price level, or even to new all time highs. You'll be in on the action.
You'll feel confident about making your trades because you'll be getting accurate and timely information from the best providers in the country. Your stock trading software will help you analyze and chart past and future performance of your stocks as well as helping you find new stocks.
My friends, this is just a general overview of our game plan. Next, we'll discuss common stocks and the characteristics they must exhibit for us to make money. Yes, we'll get to trading strategies, order placement, stock tracking, turnarounds, chapter 11's, and a whole lot more.
|
|