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Trading How I Play The Game.
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[QUOTE]Originally posted by TheRealSlimShady: [QB] Trading On News Penny stocks are volatile little creatures and they are easily motivated. When I say easily motivated I mean that they can be influenced to move up or down with little effort. Positive news is one influence that can make a penny move. However positive news does not ALWAYS make a stock climb just look at the latest PAVP fiasco. News is however an important part of the penny traders arsenal. I like to look at the live OTCBB news feed each morning and pick several stocks in my target range (I like stocks in the .00xx range). Once I identify several stocks with positive or meaningful news I look at the volume and make sure it is about 3million shares. I then check the Stochastic and assure the stock is in the oversold range. I also check the MACD chart looking for an upward crossover. If these things all meet --- 1. Positive news 2. Volume 3. Stochastic Oversold 4. MACD on the upward swing I make my purchase. This is once again just one technique I use to buy my stocks each day. This trading is usually focused in on swing or day trading as news often does not make a meaningful long term price difference. I find a price spike is more often realized and profits should be taken early to assure success. [/QB][/QUOTE]
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