If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
North Springs Resources Corp. (OTCBB: NSRS)
traded 20,915,407 shares to close yesterday’s trading session up 9.58% at 0.88.21.
NSRS shares reached as high as $0.939 during the day’s trading session.
NSRS has a Market Cap of $613.94M with a 696.00M share float.
NSRS is just one of the stocks we track regularly in our Gold Stocks.
North Springs Resources is a controversial topic in the penny stock world since it CEO Harry Lappa surfaced in October, 2011 with some creative stock splits. NSRS ran up from $0.05 in September to what we see now which is only down 6.06% from its 52 week high.
Investing in one of the most volatile penny stocks of recent times is a risky venture since NSRS, and their 1 employee, is a development stage company focused on pumping their stock while claiming to be focused on mining deals in Nevada.
Congrats if you’re already holding NSRS but consider what penny stock traders saw just one month ago with Amwest Imaging (AMWI.PK) which dropped off the cliff once it reached $1.38. Consider yesterday a strong close by any standards but caution the coming morning as momentum in early trading usually dictates the direction for the day.
Sure “Slowly and surely” is better than “Fast and uncertain” and getting 10% in a day is always solid assuming you are booking your profits. It’s also worth noting that Thursday and Friday are historically “slower” days for the markets.
Whatever your financial goals are this 2012 keep following our picks if you’re a subscriber and subscribe now if you’re not. We won’t take credit for promoting NSRS when it was at $0.11 but those subscribers who emailed in or contacted us on Skype, Twitter and Facebook are already up more than 800% with their initial investments already booked and possibly hundreds of percent gains more FOR FREE!
NSRS announced yesterday that final property and drill site preparations are complete at the 20% owned Goldstar/One Arm Joe Gold Project near Wickenburg, Arizona. North Springs earned its 20% interest in the Goldstar Property by previously funding creatively with company stock $500,000 for the exploration and development program.
North Springs Resources has the right to additionally acquire 15% interest in the Goldstar Property by financing another $3,000,000 in funding. At the rate NSRS is trading, that can be achieved in just a few minutes of CEO Harry Lappa dumping more of his previously forward split shares into the market at which he owns at less than $0.05.
Last week, NSRS announced signing a Letter of Intent to acquire a 10% interest in a high-potential gold exploration property in Ghana, Africa. If you are unsure of how Letters of Intent work, stay far away from this potential disaster of an investment.
This is surely “the penny stock” to be watching in the market right now and it will be interesting to see where it plays out over the coming trading session.
AimHighProfits.com strives to provide you with the hottest stock alerts in the market in Real-Time. We focus on stocks that trade for $5 per share or less, some as little as a few pennies with upside potential. Our goal is committed to producing and publishing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions and to inform you of the best stocks in the market before they move. Our focus is primarily on OTC stocks in the stock market today which have traditionally been ignored by Wall Street.
We have particular expertise with internet stocks, gold stocks, renewable energy stocks, biotech stocks, oil stocks and green energy stocks. There are many hot penny stock opportunities present in the OTC market every day and we seek to exploit these hot stock gains for our members before the average daytrader is made aware of them.
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