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Notes From a Cyber Trader
Why I trade Penny Stocks part 15
Why I trade Penny Stocks part 15
179 Reads | 0 Comments | Posted on May 5, 2010
RedMars
(0)
Add blog to favourites
My Watchlist
.
.
With my
RBC DI
trading platform I can set up 20 "watchlists" which hold 15 companies in each. This means I can track 300 companies. You can therefore group your stockpicks together: say by country, metal, sector, and so on.
Following is a partial list of companies I track which I regularly flip stocks in. I'm usually 50% vested and 50% cash.
The cash is spread in these picks on lower bid prices waiting for dips. Once I get an order filled, I place a sell order asap - usually @ a 1/2 or 1 penny over what I paid. (This is my simple strategy as I cannot pick winners nor do I want to tie up my cash for long periods.)
.
I also follow what I call is a "lockstep". By watching the history of a stock, I can determine the new trading channel and set up new bid/ask orders. It doesn't matter what the price of the stock is as long as I can flip it in new range. I keep control of my risks by "position sizing" my individual orders relative to my trading balance.
.
I do not recommend any of these stocks as I am in and out and often off to something different. My emphasis is to show the channeling effect of stocks as they rise and fall.
.
And for anyone saying its best to go long, simply look at any website that displays who is buying and selling these penny stocks and you will quickly determine that its the "wealth management institutional traders" that are flipping for pennies. The retail trader hardly makes a dent in the numbers. (Give me a break.) The institutional traders move the markets not the retail traders. So take a page from these players' playbook.
.
The
endgame
is to make profits everyday.
.
.
.
____________________________________________________________________________________________
Ashburton Ventures Inc. (ABR-V)
___________________________
Arian Silver Corporation Ltd. (AGQ-V)
___________________________
Acrex Ventures Ltd. (AKV-V)
___________________________
Arco Resources Corp. (ARR-V)
___________________________
BacTech Mining Corporation (BM-V)
___________________________
Boxxer Gold Corp. (BXX-V)
___________________________
Carlin Gold Corporation (CGD-V)
___________________________
Channel Resources Ltd. (CHU-V)
___________________________
Cangold Limited (CLD-V)
___________________________
Canadian Arrow Mines Limited (CRO-V)
___________________________
Cynapsus Therapeutics Inc. (CTH-V)
___________________________
Excel Gold Mining Inc. (EGM-V)
___________________________
BSM Technologies Inc. (GPS-V)
___________________________
King's Bay Gold Corporation (KBG-V)
___________________________
Sirios Resources Inc. (SOI-V)
___________________________
Tribute Minerals Inc. (TBM-V)
____________________________________________________________________
Thanks for checking out my page
.
Red Mars
My current short term combined account goal (RSP & TFSA) is $87,000.00
Related Posts:
Why I trade penny stocks Part 12
Why I trade penny stocks Part 13
Why I trade Penny Stocks Part 14
Why I Trade Penny Stocks - Part 16
Best weekly net sales this year.
Why I trade... part 17.
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RedMars
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