MHYS
Previous Close: .30
Previous Daily Volume: 10,000,000
Limit Entry Price: .245
Number of Shares: 4,000 ($976 investment)
Buy Executed: PENDING
Looking for an exit, depending on price action, at .30.
Wednesday, January 20, 2010
Previous trades were not executed....
No buy limits were hit because both stocks broke out way above my buy limits. That's ok, I'll wait for a better opportunity.
Tuesday, January 19, 2010
AFTC, MHYS
AFTC
Previous Close: .0084
Previous Daily Volume: 1,050,500
Limit Entry Price: .0094
Number of Shares: 100,000 ($940 investment)
Buy Executed: PENDING
Looking for an exit, depending on price action, at .0104.
MHYS
Previous Close: .13
Previous Daily Volume: 216,415
Limit Entry Price: .143
Number of Shares: 6,000 ($858 investment)
Buy Executed: PENDING
Looking for an exit, depending on price action, at .157.
Previous Close: .0084
Previous Daily Volume: 1,050,500
Limit Entry Price: .0094
Number of Shares: 100,000 ($940 investment)
Buy Executed: PENDING
Looking for an exit, depending on price action, at .0104.
MHYS
Previous Close: .13
Previous Daily Volume: 216,415
Limit Entry Price: .143
Number of Shares: 6,000 ($858 investment)
Buy Executed: PENDING
Looking for an exit, depending on price action, at .157.
Thursday, January 14, 2010
GELV - Sold for 10% profit!
Limit Exit Price: .0184 (10% gain)
Sell Executed: 9:49am
GELV yielded a 10% gain ($167) today!
So with our first trade under our belt, we're at $2,157 account balance ($10 subtracted for commission) which is a gain of 7.54% in our first week!
Sell Executed: 9:49am
GELV yielded a 10% gain ($167) today!
So with our first trade under our belt, we're at $2,157 account balance ($10 subtracted for commission) which is a gain of 7.54% in our first week!
GELV
Previous Close: .0157
Avg. Volume: 10.3 million
Limit Entry Price: .0167
Number of Shares: 100,000 ($1,670 investment)
Buy Executed: 9:38am
Avg. Volume: 10.3 million
Limit Entry Price: .0167
Number of Shares: 100,000 ($1,670 investment)
Buy Executed: 9:38am
My Trading Strategy - The Birth of The Penny Stock Experiment
The Penny Stock Experiment is a project I started on January 15, 2010 to track the performance of my penny stock trading strategy. I've identified a unique strategy that puts the odds of profiting from each trade in my favor and believe that I can return over 150% annually with minimal risk to my initial capital.
Most penny stock trading sites are paid to advertise certain stocks. I am NOT COMPENSATED by anyone. I use these alerts from pump & dump alert services to my advantage. They're an integral part of my trading strategy. These alert services inflate and exaggerate their returns by sending an alert that suggests entry into a stock at a price equal to the prior days closing price. However, by the time you get the alert you won't be able to buy any shares for that price! The bid and ask prices will have skyrocketed and your entry into the stock will only make the pump & dump alert service rich, since they themselves purchased the stock in the prior trading session. My strategy outsmarts these scammers!
In general my strategy will consist of the following:
- Limit entries to less than 10% of the previous day close to avoid getting in too high on morning optimism.
- If my limit doesn’t hit by 10:30am I’ll generally close my limit buy order.
- I’m typically looking for a 5% to 10% profit per trade. The goal generally a quick-in, quick-out profit.
Follow my trading picks to see how much I can return on my initial investment of $2,000! Each of my posts will include a performance update of the specific trade and my cumulative return to date.
Most penny stock trading sites are paid to advertise certain stocks. I am NOT COMPENSATED by anyone. I use these alerts from pump & dump alert services to my advantage. They're an integral part of my trading strategy. These alert services inflate and exaggerate their returns by sending an alert that suggests entry into a stock at a price equal to the prior days closing price. However, by the time you get the alert you won't be able to buy any shares for that price! The bid and ask prices will have skyrocketed and your entry into the stock will only make the pump & dump alert service rich, since they themselves purchased the stock in the prior trading session. My strategy outsmarts these scammers!
In general my strategy will consist of the following:
- Limit entries to less than 10% of the previous day close to avoid getting in too high on morning optimism.
- If my limit doesn’t hit by 10:30am I’ll generally close my limit buy order.
- I’m typically looking for a 5% to 10% profit per trade. The goal generally a quick-in, quick-out profit.
Follow my trading picks to see how much I can return on my initial investment of $2,000! Each of my posts will include a performance update of the specific trade and my cumulative return to date.
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