Download Stocktwits and you will find some penny stocks. I made $10,000 off $GHSI. Bought 24,000 shares at .17 cent and sold at .50 cent.
Also made $4,000 off $FCEL also. Bought at .29 cent and now it’s $2.20.
Thank me later
That's wassup!!! I haven't gotten that high in one trade in terms of profit.
I'm also a Tim understudy (3+ years).
I slowed down alot, I'm doing more studies.
Back in 2018, I was up 2k for the year, then gave it all back to the market.
I closed 3.5k in the red for that year plus 1.8k in commission fees.
So 5.3k poof, gone. I'm slowly getting back on the bicycle of penny stock trading.
What ended up killing my trades were holding trades overnight.
For the newbies, DO NOT HOLD these type of trades overnight.
You will not have control over your loss if the trade moves against you.
The stock can close green for the day and gap down the following morning.
Alot of times that gap down can continue to crash.
Reason I was holding them overnight was due to the pdt rule.
I figured I could swing trade these type of stocks to get out of PDT land.
It worked at first.... then it didn't.
I have to focus on using up the day trades and use another brokerage if I need more.
52 week lows, sounds dangerous cause the stock can continue in a downtrend.
Do you place stops on or keep mental stops to kick out of the trade?
I have stocks to trade as well. I should've got in during the beta, I got in a little after.
I'm paying $149.00 per month.
When I tried shorting, I could never find shares to short. I repeat, I could NEVER find shares to short.
For the noobs again, be SUPER CAREFUL with shorting. You can blow up your trading account shorting.
Blow up meaning, you can go into the negative. When you short, you have unlimited risk.
Many people that were used to shorting the stock DRYS as an example blew up.
That stock squeezed from 2.00 per share to 100.00 per share in a day.
The shorts who couldn't cover were finished.
You also mentioned that stocks to trade has a feature that tells you the direction the stock is going.
Are you talking about the oracle feature?
How's your trading in 2020 so far?
These videos were recent and an interesting angle on P&Ls. Disregard the content on being related to Forex.
In my opinion, these videos below wouldn't necessarily apply to penny stock trading.
This video below includes a trader that shorts: