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From my desk at 10:05 pm EST
Matt Morris
So you want to make money trading penny stocks huh? I know you do...and I
think it's pretty cool you have some adventure running through your blood.
The truth is....
The odds are against you. If you are like most people who get into penny
stocks, you will be cleaned out of whatever amount of money you start with
within 6 months.
BUT...
That doesn't mean you have to fail at penny stock trading. You stand a good
chance at succeeding at being a trader of stocks under $5 if you learn to
NOT think like....
A sheep. baaaahhh.
Sheep don't cut their losses early. Sheep do not sell when they are up 100%
or more. Smart, savvy and ultimately successfull traders do, however.
The problem is....the learning curve from being a "newbie" penny stock
trader to an experienced, successful one can be quite steep. It usually
amounts to losing all your money that you originally started trading with,
and severe disappointment and frustration.
Then, if you put more cash in your trading account, you try again and try to
correct your mistakes. Some people simply fling more money into penny stocks
the same way they did before and get cleaned out again...and again.
I take it you DON'T want to end up as a burnt and broke penny stock trader??
Well see that's where I can help you.
Just Who The Heck Am I Anyways!?
First of all, my name is Matt. I'm like you.and you're like me (probably at
least a little). I don't live with my head in the clouds in some stuffy
corporate office everyday. I live a real life, with bills and a family to
take care of.
I have been trading and observing penny stocks for several years. I've seen
some run over 1000%. Seen some move modestly, presenting opportunities for
25% to 50% gains. I've seen a whole lot go down, and continue to go
down...for a long time. Others simply bore me to death with seemingly never
ending lack of movement either up or down.
There are alot of things that I look for before I buy a penny stock...and
there are some things that I look for that will prevent me from buying.
After I buy, I'm not willing to wait more than a few days to sell....the
longer you wait the more the odds are stacked against you in most cases.
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