If you are committed to trading penny stocks one of the most important things to include in your analysis is the float. Low float stocks can be very volatile, which means that if you get ahead of the curve you can use that volatility to make a profit.
Day trading and penny stock trading go hand in hand. So if you want to make money like I’ve done, you need to know how to set yourself up for success when day trading.
You might not know exactly where your trading journey will take you, it can be a wild ride. It certainly was for me, but if you stick with it, incredible things beyond just great trades can happen. The world can open up in ways far beyond your wildest dreams.
A growth mindset is critical for traders. If you aren’t willing to develop a growth mindset you’ll never succeed long term. I’ll go over some steps that you can take to start developing a growth mindset in your trading.
After my posts last week about how I survived the 2008 Crash, I wanted to go more in depth about what defines a market crash, versus a market correction, and how to use both to your advantage.
The 2008 financial crisis was a dark time for traders everywhere. But not so much for me. I not only survived but thrived during the 2008 financial crisis. I’ll explain how I did it and how it’s possible to continue trading, even in the face of dire economic circumstances.
The 2008 financial crisis is a time that still causes most traders to shudder. But not me. I was able to turn a near complete economic collapse into astounding profits. All because I knew what to look for, and followed my trading strategy.
Now that you have a good understanding of stock sectors, I want to show you how to take advantage of them. I’ll also give you a few tips that will help you analyze your picks better before you buy in.