Allstocks.com's Bulletin Board: Is it easy?

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Posted by permanentjaun on :

In the world of penny stocks I believe a lot of you are looking for gains of 50% and up. That's how a lot of pennis work. Take a company like AACS though. Right now it trades around the .02 mark. It'll hit a low of .021 and hit a high of .027 some days. Are there a lot of stocks like this where you can ride the low of the day and later on hit the high or close? Getting in at .023 and riding to .025. Thats still and 8% increase, which for most stocks besides pennies is a good increase.
Are there quite a few of these stocks roaming around and how do I find them? I don't mind missing the 400% gainers as long as I can find a system to ride a penny that gets me above 5% a day. Matt

Posted by poorman on :

quote:
Originally posted by permanentjaun:
In the world of penny stocks I believe a lot of you are looking for gains of 50% and up. That's how a lot of pennis work. Take a company like AACS though. Right now it trades around the .02 mark. It'll hit a low of .021 and hit a high of .027 some days. Are there a lot of stocks like this where you can ride the low of the day and later on hit the high or close? Getting in at .023 and riding to .025. Thats still and 8% increase, which for most stocks besides pennies is a good increase.
Are there quite a few of these stocks roaming around and how do I find them? I don't mind missing the 400% gainers as long as I can find a system to ride a penny that gets me above 5% a day. Matt

Yes there are lots of penny's that move this amount but buying and selling them is a different story. I'll use USCI as an example it moves from .0001 to .0002 several times a day. ( quick 100% gain huh) the problem is most of the time you can't sell at .0002 or buy at .0001. in order for that sell at .0002 to go through it would have to go to .0003. If your buy or sell is in there long enough it might go but you seem like you're looking to trade these each day.

Good Luck Trading

Posted by Machiavelli on :

Sounds like you want to buy at Support and sell at Resistance... I hope you understand what i just said because if you dont you need to do some reading on Trading... below is 2 books i recommend and also i recommend you swintrade instead of daytrade...

A Beginner's Guide to Short-Term Trading by Toni Turner (www.toniturner.com )

The Candlestick Course by Steve Nison (www.candlecharts.com )