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BECOME A SUCCESSFUL TRADER
Understand the right mindset to have.
Are you looking to make money off of penny stocks?
Penny Stocks are so addictive
Each month over 120,000 new people are searching online for micro cap stocks. This has been a nightmare for the SEC to try and monitor. People are sucked in by the potential of turning a few hundred dollars cash into millions. Just like in the movie boiler room and wolf of wall street the people getting rich off penny stocks are the people who are suckering others into buying.
95% of people trading and investing in OTC stocks will end up losing their money. However there are 5% of people that make a killing. How do these people make money? Is it just blind luck or is there actual strategy at play?
The first thing to realize about penny stocks is that a lot of the information they are reporting is just partial. They will report unaudited financials. They will send out a bunch of PRs to pump stocks. They will do whatever they can to make sure people stay excited and so they can attract new investors.
People who are naive and greedy come in and buy into the hype. They dream that they have found the next Monster energy drink stock. They usually find groups that support their greed and help them buy into these false hopes. They will usually spend hours hitting twitter and Ihub telling others how amazing the stock is. Within a few months they end up broke and angry.
So how do these 5% make their money? They look at these companies as scams. They simply play the trends. They buy when everyone is fearful and they sell when everyone gets greedy. They take 30% profit at a time and slowly build up their portfolio. The main key to penny stocks is to be smarter than the average person. Most people starting to trade penny stocks are 18-25 year olds boys. Who have huge egos and some of their parents money to gamble with. They come in and usually make some money. They pump their chest loud and tell people they are penny stock gurus. This is short lived though. These fools get humbled quick.
The key to trading these junk companies to put yourself in the scam CEOs and stock promoters position. Then decide how you would word PRs and spread the word so that people would get excited enough to buy your stuck but not push the limits too far where you would get in trouble with the SEC and get your penny stock halted.
If you can think like these scammers you can start predicting when stocks will crash and when stocks go up. A good example was marijuana stocks. These stocks went up 1000% a month before states like California and Arizona were voting on legalizing marijuana recreationally. Everyone wanted to load up so when the yes vote came in all the general public then would start to buy and the stock would go up even higher. What a lot of investors didn’t realize is that the price per share had already factored in a yes vote. You then witnessed a classic buy the rumor sell the news outcome. Marijuana stocks tumbled the entire week.
This is an example of being one step ahead of the game. If an average trader plans on selling at a certain time you want to make sure you sell way before that. Always be one step ahead of the game.
Just like poker though You’ve got to know when to hold ’em, Know when to fold ’em, Know when to walk away, And know when to run.
How to Buy Best Penny Stocks while Avoiding Risks
Penny stocks are small-cap organizations that exchange outside the real trades like NYSE or NASDAQ. They are exchanged over the counter and are additionally called OTC or small scale top stocks.
Penny stocks fall into the high hazard class of speculations as a result of the numerous dangers associated with them. These incorporate constrained liquidity, absence of money related reporting, simplicity of control and extortion. A number of the spam messages individuals get discuss these stocks as a beyond any doubt fire speculation with ensured overnight returns. This is not valid; truly putting resources into these stocks requires extremely cautious arranging and devoted exploration. The different dangers included are plot beneath.
• Incomplete data. Data identified with small scale stocks is constantly harder to discover. This is on account of the penny stocks are for organizations that are recorded on pink sheets. This implies they are not required to document with the Securities and Exchange Commission (SEC). They are not open to people in general for investigation and are not managed. It is additionally exceptionally hard to confirm the believability of these stocks.
• Lack of a record of past execution. For any stock venture, it is basic to mind the past execution of the stock. Be that as it may, on account of smaller scale stocks, the history accessible is verging on unimportant. This is on account of they are by and large offered by organizations drawing closer insolvency or which are new to the business sector. In this manner, there is an enormous danger in putting resources into a stock that has no believable history.
• Liquidity. Penny stocks don’t manage positioning securities exchanges. Rather they are exchanged over the counter and are in this manner alluded to as OTC ventures. Managing does not happen as often as possible so if a need emerges to discard the stocks, it is hard to discover purchasers for them. On the off chance that you can’t offer the stock you are left with minimal decision other than to bring down the costs until you find reasonable purchaser. A low liquidity level likewise allows traders to control stock price.
• No base gauges. Stocks recorded on the pink sheet and the OTCBB don’t need to satisfy certain standard least prerequisites to stay on the trade. This is an impediment for some financial specialists who purposely pay special mind to the base benchmarks that go about as a well being
Notwithstanding, penny stocks can give great returns over the long haul if watchful research and arranging has been done before purchasing them. They can be exceptionally productive on the off chance that you realize what you are doing and you know enough to keep away from the pitfalls. Counseling a specialist in the exchange before settling on a choice is fitting. You will likewise discover numerous instruments and administrations offered for brokers of these stocks that help you get the most extreme advantage out of your speculation. Joining with a full administration online broker is a smart thought.
How to Find Strong Buy Penny Stocks
In the event that you happen to be new investor in the stock exchange, you might request that yourself how find solid purchase penny stocks. This is an inquiry most new financial specialist’s battle with as they are finding out about how to put resources into penny stocks. There is a considerable measure of data out there that can both help and confound you, so it is critical to look in the right places to discover great, strong proposals.
There are two essential ways you can find out about where to discover great penny stock tips. You can either take every necessary step yourself, or you can pay somebody to do it for you. This choice will in all likelihood be affected by the amount of time you need to commit to taking in the ropes of penny stock exchanging. On the off chance that you are a bustling individual, you ought to most likely have another person help you with this training.
On the off chance that you get the assistance of another person, there are a few ways you can do as such. To begin with, you can subscribe to an online site or bulletin that can do a few things for you, similar to instruction.
You could rather pay an authorized money related counsel to suggest their decisions for you. Frequently individuals are frightful of utilizing counselors on account of the expense, yet numerous guides essentially charge a preparing charge for every exchange, so you are profiting from their insight and capacity to nearly screen money markets throughout the day. Different consultants may simply charge a little commission rate in light of your profit, which causes them to be monetarily vested in making the correct suggestions to you as the customer.
Your other alternative is self-study. This takes a considerable measure of time a control. You need to learn all that you can about stocks, exchanging, and how to rapidly purchase and offer your stocks to secure yourself. On the off chance that you delay for even a minute you may miss the chance to purchase at an aggressive price, or you may miss the chance to sell something that is failing. You can contemplate by essentially perusing as much as you can on the point.
Look Into High Volume Penny Stocks
Not all penny stocks are high volume, but rather on the off chance that you know which ones are and which ones are not it can help you to pick which stocks to put resources into. High volume penny stocks are those that are getting a charge out of a substantial number of exchanges over a timeframe.
If you thought penny stocks were all about speculative investing you would have been right. But as you can see, we can gain good clues about where to put our money by watching out for high volume penny stocks.