Full time penny stock trader
Your Custom Text Here. PennyStocking Disc 4 April 27, J Gorskie. Below IsThe Top Is A Typo.
Summary Learn From My Gains Be Aggressive Trading is risky, but so is life, be smart and go for it! This just invites disaster; if you see an opportunity, go for it, but don't bet more than you can lose--the key is staying in the game Follow Your Instincts Don't always listen to others when they tell you not to go a certain route, if you believe in something, go for it!
Never Stop Learning Learning isn't easy, but without it, failing is Respect Earnings Movers Don't short sell into a big earnings mover because any sign that a Penny Stock actually possesses business fundamentals means their stock price will be hot Short Sell Hype Based on historical price action, learn to recognize what kind of news reeks of hype, which only influences stock prices for so long Ignore Stocks That Aren't In Play I don't care how amazing a company is, if nobody notices it -- you can't profit from it.
STR How Swing Trading Killed the Emotions for this Trader - jyfyyuxy.web.fc2.com
Be sure to wait for action Keep It Simple buy breakouts, sell short breakdowns; ignore the fancy indicators Understand Everyone Has An Angle Always be skeptical of people in this field, brokers, traders, investment bankers, etc- hype and superficiality rule Profit From These Angles If you understand a person's motivation, you can use that understanding to your advantage Don't Scalp Aim to profits dompdf output options multi-day setups, not the less predictable intraday moves Focus On Clean Chart Patterns There's tons of messy chart patterns -- save yourself the headache and stick to patterns that are nice and clean!
Be creative There are so many ways to succeed and make money; recognize that the world has grown incredibly complex so if you think creatively, you'll come up with the solution Learn From My Mistakes Take Losses When Full time penny stock trader Are Small Don't chance it, live to play another day Use Stop Losses They'll make sure you take your losses quickly Stick To Your Discipline It doesn't matter what you excel in, in time you'll discover what your best at.
Once you find it, stick to it!
Don't Expect Steady Trading Profits Bollinger bands walking the bands is not like other professions, trading gains are not steady.
Don't try to force opportunities when they aren't there There's No Room For Ego In Trading No matter how much you make, keep everything in perspective or the market will cut you back down to size Don't Bet Too Large No matter how sure you are about something, don't invite disaster Be Open To Go Short or Long I've made money on both sides, but became too obsessed with short selling during a bull market!
Suck these additional costs up Keep A Trading Diary This will help you better understand yourself and how patterns and opportunities reoccur and change Be Thorough Review all of your business dealings, no matter how trivial Respect Your Mother on National TV Many people don't understand sarcasm Never Trust Corporate Management Understand that they have to be optimistic because they're always thinking about raising capital and keeping their jobs Play Liquid Stocks See my experience with Cygnus Don't Lease Cars They just keep sucking you dry for longer than you ever imagined!
Never invest based on a company's products alone. Don't Go At It Alone It's nearly impossible to grow a business without help Be Frugal The good times don't last forever, no need to throw money away.
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