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Profitable Penny Stock Trading
Written by troy on Monday, January 05, 2009 | No Comments
Categories: Uncategorized Tags: BRCD, Brocade, Penny Stock Trading, profitable penny stock trading
Profitable Penny Stock Trading
I thought I would give you a quick update. I told you about BRCD a little while ago and mentioned a few days ago that I would go long the trade if it held above 2.75. The following day I entered the trade at 2.81. Currently, BRCD is trading at 3.39. I am getting out since I am satisfied with the amount made.
Below you will see the chart that prompted my initial trade. I bought when it crossed above the 100 period moving average. I was using 15 minute intervals at the time.

By the way the move from 2.81 to 3.39 was a move of over 20% in just a couple of days. Hopefully, seeing this you will begin to understand the income potential of trading penny stocks.
