MAKING MONEY $50 - $100 AT A TIME
For the newbies that have not defined their trading style and those that want to make quick money.
Make your money a few ticks at a time... 5 - 6 day trade a day of 50- 100 at the end of the week will add up to about $1500 -$2000 a week.
Scan for a stock with some MOMO and play it for a couple of ticks. When you buy stock, buy enough for a $50 profit per tick ( 5000 * .20 sell at .21 = $50 profit and so on ) place your sell inmediatedly 1 or 2 above your buying price.
Is easier to sell on the way up than on the way down, Specially on news plays. By placing your order inmediatedly after you buy, you will almost get it all the time, and you will detach yourself emotionally from the play.
I pay 7.00 per round trip with Lowtrades, UNLESS I BUY 100 k SHARES THEN IS $10.00.
This is not my only trading Style I play news, bottom bounces and swing trades also. This is only a sugestion for those that have not defined their own style and are new to pennies... if you are disciplined you will make small gains consistently... yes there will be some that runs some more after you sell, in time you will identify those, but many times you will avoid the sickenning feeling of seeing your profit evaporate because you can not sell when everyone start unloading,
chasing the bid down...
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