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Cheap Stocks; Best Stocks Under a Dollar Ready to Go Up – Cheapest Stocks List
Written by troy on Saturday, March 21, 2009 | 5 Comments
Categories: Uncategorized Tags: Cheap Stocks
Cheap Stocks; Best Stocks Under a Dollar Ready to Go Up – Cheapest Stocks List
BY.- http://www.MomentumStockPick.com
A beginner usually feels very attracted to the stock market while for example discovering a good cheap stock that’s being reported in CNBC or the news program and watching it rise steady fast and make new highs from $0.10 to $0.70 in just 2 months.
While learning about this successful news story he’s saying to himself “Oh boy if I was one of those lucky guys who bought that cheap stock back when it was priced at $0.10 I easily would have tripled my money by now… That means my 10 grand would transformed in to a whooping 70 K! hassle free … I would have been able to grab one of those big HUMMERs on the spot and probably pick up a nice Rolex by the way!”
The stock market news constantly reports of hot small cap stocks that are breaking out and making tremendous gains on the same day or doubling in price in just a few hours. Back in the bull market of the late 90′s you could easily see a good number of hot stocks sprouting out every week.
Those years surely made it look like every body could easily take LONG SHOTS and make a shiny pile of gold every day in the stock market. But today’s market is a different story. A totally different animal.
Some say that the stock market has gotten more realistic. Fantasy land is over and GAMBLING YOUR WAY TO RICHES is not an option anymore. You might get lucky a few times, but your constant loses can wipe you out sooner or later.
The fact that the bull market period has ended for now doesn’t mean that you can’t make a great deal of money in today’s market. A lot folks from many walks of life keep making excellent profits on a daily basis, pocketing hundreds & thousands of dollars by trading cheap stocks online.
Success in penny stock trading starts by applying a wiser and REALISTIC methodology for choosing hot cheap stocks as well as for getting in and out of them with profits in mind.
You need to look at the stock market more realistically. You got to learn that you can benefit when stocks go up and also when they FALL down.
You got to WORK SMARTER and get more selective about the hot stock trading opportunities that you choose. You need to embrace the nature of day trading and be fully prepared to take advantage of stocks that are poised for a BIG RISE on the same day.
The bottom line is you have to PREPARE YOUR SELF to be successful, just like you would do it in other areas of your life in order to achieve success.
By: Day Trading Techniques
About the Author:
Momentum Stock Pick helps stock traders and investors take advantage of practical stock trading opportunities every day at http://www.MomentumStockPick.com
So many people just assume its an easy thing to do….far from it!
Take time, get educated, and never count on it for your income!
Do you ever look at the biggest losers (say, on yahoo finance) of the day? I’ve been writing them down to see if I can find any trends, and I found that they almost always end up going back up. Some even make it on the biggest gainers list the next day. Any thoughts?
Matt,
This can be the case but you are flirting with danger when doing this. I have no problem flirting with danger I would just recommend a good exit strategy each time you enter a trade.
Most often when a stock’s price gets thrashed it is because there is something fundamentally wrong with the company. Over time there is a great chance that the stock will continue to drift lower. However, you are correct that often there is an initial oversold rally or what is commonly known as a “dead cat bounce.” You will most likely have to be willing to take quick profits on the trade because there is a great likelihood that the stock will resume its downward march.
Sounds so easy but there’s still lots of risk there
I have had descent sucess with penny stocks but its not something that I treat like gambling which is what a lot of people do. The best way to make money is by knowing what you are actually investing in and getting it at a good price with decent p/e ratios and high earnings and eventually if the stock is over looked by many investors it will eventually break out and you will have made your money.