Penny Picks
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Trading w/a small trading acct
I've been in the trading arena for a long time. I've also lost more than my share of trading cash.
It's taken a long time but I' finally got something that works for me; a small trading acct.
It only takes a couple of rules.
Attached is an example of one of my recent trades. (A Note. I'm not selling anything because I don't have anything to sell)
I bet $250 USD in this trade and closed out at .61 for a bit of profit of $360 USD For a couple of months low risk that's a pretty fair ROI
That's not quite enough to pay off the national debt but it's a start.
Oh. 5 or 6 months ago I had one that returned about $2700. The saying goes "Some trades are DIAMOND, SOME TRADES ARE STONE
When I started out with the Small Cap / Penny stocks I returned the initial $300 back to my bank acct. So now I guess I'm playing with "House" money.
Another note: I've been trading since the mid 1980s and I've lost more than my fair share. One thing I've learned is to remove the GREED FACTOR!
I've been in the trading arena for a long time. I've also lost more than my share of trading cash.
It's taken a long time but I' finally got something that works for me; a small trading acct.
It only takes a couple of rules.
- Acct size ~ $300 Max of $500 USD
- A stock screen that you can trust (This is a paid service so I can't help here.)
- A couple of common easy to get price indicators. My 2 favorites are shown on the chart. There are a couple of others I use that are not shown.
Attached is an example of one of my recent trades. (A Note. I'm not selling anything because I don't have anything to sell)
I bet $250 USD in this trade and closed out at .61 for a bit of profit of $360 USD For a couple of months low risk that's a pretty fair ROI
That's not quite enough to pay off the national debt but it's a start.
Oh. 5 or 6 months ago I had one that returned about $2700. The saying goes "Some trades are DIAMOND, SOME TRADES ARE STONE
When I started out with the Small Cap / Penny stocks I returned the initial $300 back to my bank acct. So now I guess I'm playing with "House" money.
Another note: I've been trading since the mid 1980s and I've lost more than my fair share. One thing I've learned is to remove the GREED FACTOR!