• A Business Approach To Trading Hot Penny Stocks

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    Most successful traders have a business approach when it comes to describing their trading of hot penny stocks. The objective is to try to extract the most money out of the market, while keeping risk exposure relatively low. It’s not about gambling or taking shots, hoping to rake in that big pay day. Now, if you’re unsure of what having this business approach means, here are some things you should consider:   Contents1 Infrastructure Expenses2 Operating Expenses2.1 How much capital does your business have?3 Are your goals realistic?4 What else? Infrastructure Expenses This will include any news service, chat room, research, execution platform, or any other trading tool that you’ll be using to generate and execute trade ideas when hunting hot penny stocks.   Operating Expenses This would include your

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  • How Much Do You Need To Get Started For Trading Good Penny Stocks

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    How much money do you need to get started to trade good penny stocks? That is a question you’ll hear asked a lot from those interested in giving trading a go. The reality is that there is no right answer here. However, you should probably get started as soon as possible. You see, in order to become a great trader you need skills. The way to develop skills is from learning how do the right things at the right time. Of course, this is developed from experience. And in order to gain experience, you’ve got to be in the game.  Contents1 Develop a winning process2 Creating that winning strategy will take time and experience3 Dedicate time and do your homework Develop a winning process With that said, your focus should

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  • Trading Sizing With Good Penny Stocks

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    When it comes to trading good penny stocks, fewer things can be more frustrating than getting the direction right on a trade, but failing to profit because you were sized to big and got shaken out of the position. The way you position a trade can be the difference between making extraordinary profits or losing your shirt. Let’s face it, not every trade is going to instantly work in your favor. That means you’ll need to absorb a drawdown before potentially gaining on the trade. Here are some ways you can go about position sizing. The first, is choosing an amount you’re willing to risk on the trade of good penny stocks. For example, let’s say you were willing to risk $400 on a trade. After you’ve selected the amount

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  • How to create watch lists with good stocks to buy

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    The more prepared you are as a trader, the better the chance you’ll be able to make swift decisions when the pressure is on trading good stocks to buy. One excellent way to be prepared is to have watch lists on hand. For example, let’s say there are negative comments on a specific pharmaceutical company, the stock price might react negatively, but it might also affect similar companies in that same niche. Imagine you had list of good stocks to buy in that specific sector and were ready to trade off the news vs. scrambling and thinking what other company will be affected by the sectors negative news. On the other hand, let’s say the government just passed a law that will open up new projects and create greater business

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  • Idea Generation for day traders

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    When traders day trading stocks introduce themselves to each other, they’ll often ask each other, “What type of trading do you focus on?” For example, some traders focus purely on fundamental analysis, others might focus strictly on news driven events, someone else might focus on specific technical setups. I could go on and on, hopefully you get the picture. There are several methods and approaches traders use to try to beat the market. For the most part, nearly every trader ends up failing. It could stem from a lack of capital, time, knowledge, discipline, tools, or even a poor strategy. In general, if most people fail at day trading stocks, then do you want to be trading off the same methods they are? Of course not. Contents1 The same old strategy

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  • Why Most Traders Fail At Online Stock Trading

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    In a nutshell, online stock trading is like any other business. Take a sum of capital and put it to risk, hoping that it will yield a positive return. The trick is to put that capital into something you believe in…this gives you a strong probability of getting that positive return. So many traders get consumed about the money early on. Of course, the money can be great…but you can’t put the horse before the cart. There is a process involved in developing into a successful trader and becoming really efficient at online stock trading. That includes learning how to execute trades, generate ideas, position sizing and risk management. Contents1 So why do so many traders fail?1.1 No clear plan1.2 Missing exit strategy2 Importance of having a mentor for online stock

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  • Technical Analysis For The Struggling Day Trader

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    What is technical analysis? It’s the process of analysing price movements (past and present) of an asset in hopes that it can give us some indication on where it might trade in the future. Generally, this done by observing a chart of the security when looking to buy stocks online. Contents1 Why should you care?2 Technical analysts makes a couple of assumptions2.1 Price patterns repeat, and therefore, they’re predictable.2.2 There lies a belief that fundamental factors are imbedded in price behaviour.3 Fundamental analysis Vs Technical analysis4 Four reasons why its important to understand technical analysis Why should you care? Since most discretionary stock trading consists of having an opinion on the future direction of a security, it’s important to have tools that help us generate ideas that provide an edge.

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  • The Secrets of Support and Resistance Explained When Trading Penny Stocks

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    Identifying support and resistance is the backbone to technical analysis, and it’s essential to anyone interested in using technical analysis in their trading of the best penny stocks. Fortunately, with proper guidelines and practice, it is a skill just about anyone can gain. With that said, let’s define what we mean by support and resistance. Contents1 Definition: Support and Resistance1.1 Horizontal support and resistance2 So how can we use this information to make better trading decisions for otc penny stocks?2.1 Entries and exits Definition: Support and Resistance Support is defined as a price level where an asset stops declining due to the presence of more buyers than sellers. On the other hand, resistance is a price level where the asset can no longer rise because there are more sellers than

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  • A Simple Approach To Position Sizing and Money Management Trading Penny Stocks

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    Do you want to make lots of money trading penny stocks in the shortest amount of time possible? Of course you do…I mean, who wouldn’t? Everyone wants to take a little bit of money and make it into something substantial. Now, there is nothing wrong with having lofty goals. In fact, setting goals for ourselves is a great way to stay focused and motivated. However, you’ve got to be realistic…and you’ve got to be smart on how to go about building your account and day trading stocks. Contents1 Set Realistic Goals1.1 The Mind Set Trading Penny Stocks 1.1.1 Why is this so important?1.2 Bankroll1.3 Have control over your trade1.4 Building Your Stack While Trading Penny Stocks Set Realistic Goals   The Mind Set Trading Penny Stocks Think of the money

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  • Get Rid of Your Trading Discipline Problems Once and for All

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    Have you ever had a series of successful trades, only to do something dumb and give all those profits away? If you haven’t, congrats…it’s a crappy feeling to see one mistake destroy several right decisions. Of course, a lot of trades are going to end up being losers for us. Just make sure to execute your strategy and apply proper risk management to your trades. It’s the times when we don’t do that, which gets us in trouble. Contents1 Lack of discipline2 Trading style3 Some useful questions that you could try answering include:3.1 Why did I get into this trade and what was my edge?3.2 Did I have a specific exit strategy and plan?3.3 Did I execute my plan?3.4 Did I size my trade correctly, given the volatility?3.5 Should I

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