Doubling Your Money in Stock Market Trading!
Penny stocks are a little known secret in stock trading. Few people look at penny stocks due to the unstable nature of the companies, but unstable is where the money is made in the stock market. The opportunity to make enormous cash is in penny stocks if you know where to look and how to play the game.
A typical penny stock is considered to be less than one dollar per share. Companies with stock that low tend to be very small companies or companies in bankrupt. Let's go even lower though. Look at the stocks that are less than ten cents per share. A little research will easily find a whole host of stock below ten cents a share, even well below a penny a share.
The idea is to find stock below a penny and do some research on the company. Companies will either be in bankrupt or very small companies. The next step is research in the companies. You can usually do a little research and get a one or five year history of that stock. The research will tell you everything you need to know to decide on which stocks to play.
There are two ways to play the penny stock game. The first method is to find stocks that have shown daily or weekly changes where the stock will double, triple, or more in value before settling back down again. It doesn't take much for a penny per share stock to double. For example, a one cent stock price going to two cents has just doubled. It is that easy and quick!
Once you find a stock with a history of doubling or tripling you are ready for the next step. You just need to decide how much you are going to start with for the investment. Now remember since you are buying penny stocks a little money will buy a lot of shares.
Lets say we found a stock that cost one penny per share. We buy one hundred dollars worth of that stock. We just bought ten thousand shares of that stock. All together the shares are only worth one hundred dollars, but we now have a position in that stock. Once you purchase the stock you only have to play the waiting game.
Like all stock, penny stocks change moment to moment in price on any normal stock trading day. A small change can be just a penny or as much as ten cents. Expect small changes of just a penny and as you watch your stock during the day, once it goes up even just a penny, it is time to sell it all.
Why sell now with only a penny change? Just one penny change has made you stock double in value to two hundred dollars. Don't get greedy and sell. If you used an online stock account, you got charged under $10 for buying the stock in fees. You will get charged another $10 in fees for selling. Subtract the twenty dollars from the two hundred you just sold the stock for and you made a profit of eighty dollars.
The major problem with people who play this game of doubling your stock is they don't keep it simple. Don't get greedy and don't buy stock with money you can't afford to lose. Like gambling stock trading is risky!
I have used this method many times to make a thousand dollars in a matter of a few hours. Don't expect the stock to go higher than double, it might and it might not. The risk is the stock could also go down, but you have to expect that to happen. Stocks go up and down all the time. If the stock goes down then you still play the waiting game; waiting for it to go higher than when you bought it. It might take a day or week, but more than likely you will make money if you can wait.
A second method of playing the penny stocks is to find new companies which have a very low stock price. New companies can be a great way to invest early in a company but like all stock you do not know if the price will ever go up very high. The best way to pick new companies it to take a look at the company and what they are working on and products they already have out. If the company is working on ideals that are along the lines of societys current issues, then you can consider them.
The only problem with the second method is that it can take months or years to make money. The money you can make will be far greater however than the first method. - 23223
A typical penny stock is considered to be less than one dollar per share. Companies with stock that low tend to be very small companies or companies in bankrupt. Let's go even lower though. Look at the stocks that are less than ten cents per share. A little research will easily find a whole host of stock below ten cents a share, even well below a penny a share.
The idea is to find stock below a penny and do some research on the company. Companies will either be in bankrupt or very small companies. The next step is research in the companies. You can usually do a little research and get a one or five year history of that stock. The research will tell you everything you need to know to decide on which stocks to play.
There are two ways to play the penny stock game. The first method is to find stocks that have shown daily or weekly changes where the stock will double, triple, or more in value before settling back down again. It doesn't take much for a penny per share stock to double. For example, a one cent stock price going to two cents has just doubled. It is that easy and quick!
Once you find a stock with a history of doubling or tripling you are ready for the next step. You just need to decide how much you are going to start with for the investment. Now remember since you are buying penny stocks a little money will buy a lot of shares.
Lets say we found a stock that cost one penny per share. We buy one hundred dollars worth of that stock. We just bought ten thousand shares of that stock. All together the shares are only worth one hundred dollars, but we now have a position in that stock. Once you purchase the stock you only have to play the waiting game.
Like all stock, penny stocks change moment to moment in price on any normal stock trading day. A small change can be just a penny or as much as ten cents. Expect small changes of just a penny and as you watch your stock during the day, once it goes up even just a penny, it is time to sell it all.
Why sell now with only a penny change? Just one penny change has made you stock double in value to two hundred dollars. Don't get greedy and sell. If you used an online stock account, you got charged under $10 for buying the stock in fees. You will get charged another $10 in fees for selling. Subtract the twenty dollars from the two hundred you just sold the stock for and you made a profit of eighty dollars.
The major problem with people who play this game of doubling your stock is they don't keep it simple. Don't get greedy and don't buy stock with money you can't afford to lose. Like gambling stock trading is risky!
I have used this method many times to make a thousand dollars in a matter of a few hours. Don't expect the stock to go higher than double, it might and it might not. The risk is the stock could also go down, but you have to expect that to happen. Stocks go up and down all the time. If the stock goes down then you still play the waiting game; waiting for it to go higher than when you bought it. It might take a day or week, but more than likely you will make money if you can wait.
A second method of playing the penny stocks is to find new companies which have a very low stock price. New companies can be a great way to invest early in a company but like all stock you do not know if the price will ever go up very high. The best way to pick new companies it to take a look at the company and what they are working on and products they already have out. If the company is working on ideals that are along the lines of societys current issues, then you can consider them.
The only problem with the second method is that it can take months or years to make money. The money you can make will be far greater however than the first method. - 23223
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posted by X - Men @ 7:02 AM
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