On penny stocks that have a 52 week high-low price swing of 100% or
more, I start thinking seriously about pulling the trigger and taking all my
profits when the stock has moved up approximately 70% of the usual 52
week high. If it cycles from $1.00 - $2.00 I'm usually ready at $1.75.

This does not mean that I'm definitely going to sell at $1.75. I means that
I'm watching it like a hawk, moving my stop-loss up, checking price and
volume, and studying my historical price charts. Once your stock moves
up, you'll become consumed with watching it. It's just human nature.

Stop Limit Order - A stop-limit order is different than a stop-loss order.
This is a limit order to sell a stock at a "higher price" if or when it reaches
that price at some point in the future. A stop-loss price is lower than the
current market price. The stop-limit price is higher.

Split The Spread - This means trading between the spread. If the bid is
$1.00 and the ask is $1.12, you'll try to enter your order somewhere in
the middle. If you get your order filled and save six cents on 5000 shares
of stock you'll save about $300.00. That's well worth the effort.

There's a couple of ways to trade between the spread. It's fairly easy to
do when the stock is trading actively. You simply enter your orders in the
middle during this active period and hope that as the price bounces up
and down your order will fill. It happens quite frequently.

If the stock is trading lightly you usually have to take what you can get.
Another way is to have your broker put your order on what's called the
"SelectNet". Some brokers will do this at no extra charge as long as your
order is a large one. Most charge a fee of a few cents a share.

If you have to pay to do this, it sort of defeats the purpose. Enter your
orders between the spread yourself. Just place a limit-order between the
bid and ask. I've done this many times. It works quite often and it won't
cost you anything extra to do it.

Always try to save as much money as you can. You'd be surprised at how
much these savings can add-up to. If you save money on three or for
trades a month it really adds up quickly. Trading between the spread is
one of the easiest things that you can do to save yourself some money.