Update 11/21/17: I have traded this for quite a while. I had a lot of success with it, but my account has grown enough that I no longer can move the needle on my account much with these trades. These trades are nice for building a smaller account.
If you are in the same boat, move onto my Working Person’s trading guide where I detail SuperStocks/Episodic Pivots or check out my Cryptocurrency Trading Guide.
Penny Stock Land
I have never traded penny stocks before. It is a risky market, and I have always shied away from it because of that. That is until I ran across a strategy that I like. The key to mitigating risk here is to not load the boat with your entire account in these. Please do your research before jumping into this.
This is a newer strategy, one that I may or may not continue. I have tried other methods that I no longer trade as well. Some work for you some do not. It is basically Quickfingersluc’s Penny Stock strategy adapted for people who cannot watch the market all day. My problem with this strategy is not that is does not work, it is that I have to use such a small amount of my portfolio due to penny stock liquidity issues that it may not be worth it.
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