If you are new, watch Penny Stocks 101 first.
Then watch How to Trade Like a Pro.
Then paper trade, ideally with Think or Swim’s paperMoney, using the watch list and lessons until you are consistently turning a profit. Then switch to real money.
+$11,625 Tuesday mostly from my +15% +$10,500 win on ZAIS.
Really nice Fibonacci Retracement execution from the lessons. ZAIS is still in play for a move to the middle to upper $3’s if it opens above $3 and holds Wednesday.
I’m +278% +$278,000 in 2016.
I have 5 open trades in the portfolio into Wednesday which I really like.
At the open I’m looking to add 10,000 GBR if it opens near yesterday’s close of $2.38. Here’s what I see. So again, if it opens near Tuesday’s close, I’m thinking it could run to the low $3’s before retracement and Wednesday’s setup. The goal is always 5-20% rinse & repeat.
I’m also watching BSPM again this morning. With U.S. stock futures up big again, I think this could see the middle $5’s to $6 range if $4.20 support holds up. It’s building quite nicely so I’m thinking I’ll act on this today.
Finally, I’d like to add back 5,000 shares of GNCA that I sold for 6% profit Tuesday. I think GNCA will make a move to $5, maybe even the middle $5’s and press $6 soon. Again, goal is 5-20% and I almost always take half my size off when I’m up over +5%, like I did Tuesday. Currently in 5,000 at $4.22, my add zone is above $4.40 for that move to $5 and profit. This trade is probably in play until it breaks $4.30 support or tops in the middle to upper $5’s so keep it on watch.