Please Scroll Down to See Forums Below
Penny Stocks Behind The Scenes: Beat The Promoters At Their Own Game & Profit
- Thread starter dr0832
- Start date
It's still going up. I forgot to ask my friend how much they got paid to do that promo. Closed near the high for the day.
dr0832
New member
Yeah PWEI is currently trading at $.50! I don't play guessing games though with penny stocks. I trade them when I know the stocks should go up, if the pattern is present, and my trading system confirms. I would much rather miss out on extra profits, than gamble and play guessing games and lose a bunch of money when it starts to dump. A lot of people can't stand this sort of thing, and that is why they fail, but profitable trading comes down to taking predictable profits and forgetting about everything else.
Soup eater I wouldn't touch those stocks personally. I rarely if every trade stocks under about $.05 and never touch sub penny stocks. I prefer over $.15-.20, but the stock must have a catalyst to go up or its dead money. You only have a small window of a few minutes to a couple days to trade a penny stocks when a catalyst arises and once that window is gone, you most likely won't trade that stock ever again.
Soup eater I wouldn't touch those stocks personally. I rarely if every trade stocks under about $.05 and never touch sub penny stocks. I prefer over $.15-.20, but the stock must have a catalyst to go up or its dead money. You only have a small window of a few minutes to a couple days to trade a penny stocks when a catalyst arises and once that window is gone, you most likely won't trade that stock ever again.
Last edited:
dr0832
New member
PWEI made a high of $.73 yesterday up from $.12 (during it's pump stage), and then today it dropped from $.73 down to $.28 for a 61.5% loss in 2 hours. This is why I do not hold on to penny stocks for more then a few days and why nobody ever should invest in a penny stock. Penny Stocks have no intrinsic value so the price can rise several hundred percent and then fall twice as fast. A stock is never really considered cheap even when it trades at .0002, because it can still fall 50% to .0001 where it can't go any lower.
I definitely missed out on thousands of dollars, only taking $430 since PWEI didn't exhibit the type of trade setup that the trading system I use looks for, however trading successfully is not about maximizing profits profits. It's requires protecting your capital so that you can maximize profits on the trade setups that work out about 65-75% of the time, and minimizing losses or breaking even on the trade setups that do no play out. This is the only way to consistently make money in penny stocks. I am keeping an eye out for the next setup.
I definitely missed out on thousands of dollars, only taking $430 since PWEI didn't exhibit the type of trade setup that the trading system I use looks for, however trading successfully is not about maximizing profits profits. It's requires protecting your capital so that you can maximize profits on the trade setups that work out about 65-75% of the time, and minimizing losses or breaking even on the trade setups that do no play out. This is the only way to consistently make money in penny stocks. I am keeping an eye out for the next setup.
Last edited:
Similar threads
