DON’T BE GREEDY
Focus on the Percentage Gain and not the Stock Price
PREPARE TO EXIT BEFORE YOU ENTER
Focus not on holding stocks, but rather on entering and exiting positions rather frequently.
WATCH THE FIRST 20 MINUTES
Focus on the momentum happening after the first 10-15 minutes.
HIGH VOLUME COULD MEAN TWO THINGS
If volume is overly aggressive and not moving, get out. If it is moving, profit in the swings.
START THINKING PROFIT, STOP THINKING INVESTING
Focus on the “trader”, “make a profit today” mindset and get out of the “investor” and
“stocks for the long-term” mentality.
TRADE ONLY VALUE STOCKS
Focus on stocks you understand, analyze them in detail, follow them daily.
BUYING ON LOWS; SELLING ON HIGHS
Focus on the Bid /Ask more so than High / Low or Open /Close. Swings are what you’re looking for.
COMMAND YOUR MONEY
Focus on your money being you’re armed forces and command it like a general would to achieve its target goals.
TRADE WITH MONEY YOU CAN AFFORD TO LOSE
Penny Stocks are volatile and Timing is Everything
NEVER CHASE A STOCK
Focus on setting a price you’re willing to pay and don’t raise it because the stock is rising.
DON’T GET EMOTIONALLY INVOLVED
Penny Stocks are not human and falling in love or hating them will do you no good.
DON’T BE AFRAID TO SELL
Refer back to the top: DON’T BE GREEDY.
MEASURE TWICE, CUT ONCE
Make sure if acting on a tip or alert of the time when it was sent and double check you have the right stock symbol before executing a trade.
BELIEVE HALF OF WHAT YOU SEE AND NONE OF WHAT YOU HEAR
The market is filled with liars, cheats and thieves. Assume everything you read is completely fictitious. Always verify everything for yourself.
LEARN HOW YOUR ON-LINE TRADING PLATFORM WORKS
The internet doesn’t sleep or take lunch breaks so when you need to trade, know how to.
REMEMBER WHY THEY ARE CALLED PENNY STOCKS
Make small investments no matter how good you think the company is.
EARLY BIRD GETS THE WORM
Try your best to get in early when a promotion campaign starts and book profits early.
FOCUS ON “THE OTHER GUY’S GREED”
Think whether a stock has a good enough profile that “the other guy” will go out and buy when he hears about it.
ESTABLISH SHORT TERM MEMORY LOSS
Once you sell a stock, forget about it. These stocks should be nothing more than four letter symbols to you.
AIM for HIGH PROFITS
Target your profits higher. You’re here because you want higher profits. Aim High, Target them, and you have pinpointed your requirements. Get them. Achieve them. Profit from Them.
For more in depth strategies like swing trading please read our article here.