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dr0832
New member
I trade anything that moves actually. I actually prefer stocks in the $1 to $50 price range, but it really doesn't make a difference to me. The system works for stocks, options, futures, and forex. The true penny stock market (OTCBB and Pink sheets that are typically referred to as penny stocks pump and dumps) is dying a slow death. However real companies like FNMA and FMCC have been giving awesome trades and they are ultra liquid at times trading hundreds of millions of dollars which mean syou can get in and out of them with big positions of $100k+. You need about $100k to short sell penny stocks. To buy penny stocks you just need about $1000 minimum although the more money you have the shorter you holding period will be, and therefore the lower the risk you will face. I knew when to enter and exit because I utilize a trading system which is based on advanced technical technical analysis which few people are aware of. It works because it was designed based off of the frame work which defines how all asset types move. Most people try to use worthless indicators or basic garbage like 50 and 200 day moving averages which are useless today, and that is why they always lose money.
