Posts Tagged ‘Profits’
Best Penny Stocks
Written by troy on Saturday, March 28, 2009 | No Comments
Categories: Uncategorized Tags: Best Penny Stocks, penny stock, Profits, Stock Trader
Choosing the best penny stocks definition can boil down to three options.
1. Some consider price per share as the best penny stocks definition. This means that there is a price cap per amount of penny stock trader. For example, the SEC determines that all the stocks of a certain industry shall be traded for less than per piece; some people would consider this as penny stocks.
2. Some consider the market where trading transpires as the best penny stocks definition. There are stated members of this market, and if a stock falls under any of them, they’d be considered as penny stock.
3. Some consider market capitalization as the best penny stocks definition. This means that the total worth of a company is viewed. If a company sells its shares for , for example, and it has 1 million shares in circulation, its market capitalization is pegged at 1 million dollars. Some would consider stocks from a company with a market capitalization below 1 million dollars as penny stocks. This ceiling is variable.
The matter of what is the Best penny stock definition is essential to your success in this industry. Consistency is the key. You should buy and sell based on a certain criteria. And since there is no universal criterion when it comes to penny stocks, you should come up with your own, and you should stick with it.
By: Richard
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12 Basic Rules of Penny Stock Swing Trading
Written by troy on Thursday, February 19, 2009 | No Comments
Categories: Uncategorized Tags: hot penny stocks, Penny Stock Traders, Profits, Stock Trading, swing trading, Trading Stock
1. If the trade moves in your favor, carry it overnight–the odds favor follow-through. Expect to exit the next day around the objective point. An overnight gap presents an excellent opportunity to take profits. Concentrating on only one entry or one exit per day relieves the pressure.
2. If your entry is correct, the market should move favorably almost immediately. It may come back to test and/or exceed your entry point a little, but that’s OK.
3. Do not carry a losing position overnight. Exit and play for better position the next day.
4. A strong close indicates a strong opening the following day.
5. If the market doesn’t perform as expected, exit on the first reaction.
6. If the market offers you a windfall of big profits, take them to the bank on the close.
7. If you are long and the market closes flat, indicating a lower opening the following day, scratch or exit the trade. Play for better position the next day.
8. It is always OK to scratch a trade!
9. Use tight stops when swing trading (wider stops when trading trend).
10. The goal always is to minimize risk and create “Freebies.”
11. When in doubt–get out! You have lost your road map and your game plan!
12. When the trade isn’t working, exit on the first reaction.
Article was written by Mouser57 member of stockhideout.com Hot Penny Stocks
By: rob rens
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Mouser57 member of stockhideout.com Penny Stocks, and stock message board