Do you have interest in intraday pump and dumpers? Do you check in on penny stock or p&d social platforms or chats? Do you have a scan plan to discover likely suspects?` Have you looked in on here - Which way? Penny Stocks education https://www.elitetrader.com/et/threads/which-way-penny-stocks-education.364779/
I do have interest in those I like trading them And had relatively good results before imstarted learning more technical details about how market works in general I belive im going through a stagenof information overload. but its all organizing and settling now. Im hoping that i will be better at it when it all makes sense. i dont know any specific penny stock chats or platforms I check twitter on specific stock news most of the time but alot of them are just constant pamps 24/7 kinda useless. I like scalping it seems rather engaging and less boring for someone who gets bored easily doing swing trades. Im not a big fannof watching the paint dry But i can do long term ups and downs so in short i can do really short or really long trades better than swing trades
What time in the morning can you have your scans and research done, a watch list in hand, a fresh mind, a cuppa joe and a plan of action?
Would you mind posting up the first three charts you find that you passed on recently but worked the way you Want them to work when you are on board and riding to profit.
It's your percentage gain or loss that matters. If you are only buying 100 shares I guess it makes a difference. With penny shares the spread can be a couple percent. It's not that a 30 dollar stock can cost you 29 dollars, it's also your position size. Do you just buy a certain number of shares or do you buy a certain dollar amount of a stock? Do you have any form of risk management for when a trade goes against you. There is no law that says you can't take a small loss.
He appears to want something that can go from 9 to 12 like the example above. Do penny pump and dumpers do that better than 10dollar pump and dumpers? Are there as many 30dollar intraday pump and dumpers? 9003, if it is not percentage gain you're after, what it is? Spread-wise, you got a major point there, that friction's gonna fade the glory but does it negate the net result of a well played pumper? Can enough well played pumpers outweigh the inevitable losses? ...and what about Mary Lou?
It depends on the price. Intrynto limit myself to 1000 bucks per trade or 1000 or 1000 shares so i can calculate the percentage gains on the fly while im learning. 1000 bucks if price is above dollar 1000 shares if price is below dollar I got burned badly on the dpw because i made the 3 most common mistakes at once Bought too much with more of my account and held the losing trade. Scaled down to lower cash trades for now until i get back to more consistent. My idea was that like a casino if im in enough trades that have a potential to spike and i cut my lossea quickly. Eventually i hit one that rides to 10 and above dollars. Say i hit few of those a year and keep my stop losses tight i think its a decent strategy to build a small account. I hit 3 of the 4 dpw pamps the year before woke up to the alerts but i was a total noob and went back to sleep missed out on about 27k of total gains Now i dont go back to sleep lol
almost got this rebound But i got tangles up and sold before it rebound because i couldnt read the chart properly
Also saw muln play out but saw it too late and thought it was already over after it hit 1.40 but then it kept going There were few others that didnt rebound also that i cant remember names anymore I mostly use webull screener One mynown setup to show these quick dips And their daily tops losers winners and most active Then i watch specific price range stocks screeners for dips like that or volume spikes etc.