Meeh. Screwed. If you expected a clear and straight how to here its not the case. What i try here is to develop and build a how to based on experiences from us all. My vision is to learn from each other and put up something together. My main questions are. (not much elaborated and for the first) 1. How are you technical organized ? 2. How do you find (scan) the possibilities ? 3. How do you background check you daily finds.. ? 3. Do you follow them for few days ? 4. How long do you 'invest' your money in a trade ? 5. Do you search for a positive net change vs.volume or do you more like to short it after the firs 2-3 days.. 6. Is a positive Eps a search criteria for you ? 7. aso aso Imo trading penny stocks is the easiest way to loose and burn your money, but if you have experience doing that and done that for years its a great possibility to push up your account and of course to get rich quick. But its very tricky, and please believe that. Newbies should only read and dont trade. You will first loose your money. Possibility: about 110 %. Guaranteed. And please donst ask for a simply suggestion for a penny stock here without a actual chart and without your own elaboration. Also make sure you posted it in the corresponding thread or made a new one and post the link here.about it. Even if its a build thread but i would not like to start from the beginning and dilute the thread. I think over the time all questions will be written. Lets make it educativewithout beginning at Adam and Eve.. Glta, Zzz. Imo. Essential things needed to trade penny stocks. Pinks even more: Money to be burned. Welders gloves. Praying Russian bear. ps. Believe me or not, but you will need this things.
1. Finding the Opportunity. IMO, the main and most important thing, trying to trade penny stocks is to find them when they are on fire and of course live, when it happens. For that you need a great scanner. Or how do you do that ? Back in the 90's i used the Command Center. A incredible great peace of software. Fast, easy to manage and suit to your needs, with alerts and and and. Simply great. Sadly Ameritrade killed it later after the acquisition of Datek. Atm i use the Think or Swim scanner that is also great, but i miss the CC much. It was much faster and much easier to manage and organize the search. You could open different windows with different search criteria, import own text lists aso aso. It was a discrete prog. Fast, powerful and and simple to use. But it is how it is its about to deal with what we have at the moment. So why whine.. Scanning for the opportunities is in my opinion the MAIN thing when you try to trade penny stocks. There is so much what should be talked about.. Lets continue..
Good topic From my perspective, penny stocks work off the same basis as any financial instrument..... Supply and demand.... Only quite a bit more so than listed stocks Because most penny stocks are worthless... Bankrupt companies with shares still floating around in cyber space, or micro-corporate screw jobs that spew BS numbers and "news" Seems to me, the best way to play in this arena is to abandon your technicals, and for god sake ignore the fake fundamentals!... And instead, just follow the pumpers