From the category archives:
I was on Twitter for a second yesterday and a came across an interesting tweet from Timothy Sykes……
When shorting penny stocks, it’s so key to wait for these afternoon fades and ideally the taking out of the morning lows, remember this!
Follow Tim
An afternoon fade is one of a penny stock trader’s best friends when short [...]
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Continue ReadingShort interest is the total number of shares of a particular penny stock that have been sold short by traders but have not yet been closed out or “covered”.
Short interest is calculated by dividing the number of shorted shares by the number of shares outstanding (all available shares offered), or alternatively you can just go [...]
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Continue ReadingMonday and Tuesday of this week proved to be solid trading days for my portfolio. Over the weekend reports that the swine flu in Mexico caused huuuuge hype in the markets, particular all the swine flu penny stocks. I knew going into the Monday’s trading day that I wanted to buy one of these speculative [...]
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Continue ReadingOver Tues, Wednesday penny stock FRZ exhibited everything a potential short should: A quick surge up of over 100% in a span of two days all while having no news — a clear sign that this was a pump by a promoter (You can get a list of the top penny stock promoters here!). Knowing [...]
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Continue ReadingHi Justin! listen I have one question about SogoTrade. You said something about limited amount of trades per week or did I misunderstand? how many stocks can I trade per day/per week?
Yes, If you’re a poor penny stock trader (like me!) trading with less than $25,000 then there are limits to your day-trading. This is [...]
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