Posts Tagged ‘Penny Stock Trading’
Increase Trading Profits with Penny Stock Trades
Written by troy on Monday, March 01, 2010 | No Comments
Categories: Penny Stock Trading Tags: diversification, Exit Strategy, Penny Stock Trades, Penny Stock Trading, penny stocks, Profits, stock positions
If you are looking for a way to give a boost to your trading profits you may want to consider using penny stock trades. Penny stocks have the ability to make large percentage moves. If used in conjunction with your normal trading patterns, penny stocks can help increase the percentage return on your account.
If you do not normally trade penny stocks I would recommend that you take a small portion of your account and dedicate it to penny stock trades. You may want to consider using about 10% of your account for this purpose. As you become more adept at trading penny stocks you can increase the amount you dedicate to this type of trading.
Penny stocks have been know to make 20% – 100% moves with a single trading day. Higher prices stocks that you may be trading do not have the ability to make similar moves. You can look at makying penny stock trades as sort of a diversification for your account. This portion of your account would obviously be the riskier strategy.
Depending on the amount of money that you will be using will determine how many different positions that you may trade at the same time. Never include more than three penny stock positions. There is no need to diversify further since this is ony involving 10% – 15% of your account. In fact, if you wish you can carry only one position at a time.
Since penny stock trading can be volatile and risky at times know your exit strategy for each of you penny stock trades. If your exit strategy has been triggered then exit the stock and wait for a new opportunity to enter another trade.
If used properly, penny stock trades can be used to effectively increase your trading profits.
Penny Stock Trading Thoughts for 9-29-2009
Written by troy on Monday, September 28, 2009 | No Comments
Categories: Uncategorized Tags: dvax, Penny Stock Trading, penny stocks
Today was obviously a good day for the overall market though not a great day for penny stocks. I did end up selling PLUG at .85. I had about a 12% profit in it so I got rid of it. It doesn’t seem like too many stocks are holding on to their gains lately.
DVAX, FREE and PED had a little bit of a bounce today. I had an order in for DVAX at $1.78 that never got filled. In hind sight, I should have moved it up. I believe DVAX will be back over $2 shortly. DVAX moved over 6% today, PED moved almost 5% and FREE moved nearly 5% as well.
ADLR dropped a decent amount during the day as it fell to $1.56 but it erased all of the losses to close even on the day. This is a decent sign in and of itself. There appears to be a near term channel with a bottom of $1.50 – $1.55. It tested that today but it could move even lower. My hope obviously is that it begins to move up but I feel comfortable with it through this area.
XFN was only up slightly. Volume has dried up in the last few days. It traded less than 7000 shares today and since I own nearly that much it doesn’t make me too happy. Hopefully, volume will increase and it will begin and upward march.