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Exercise discipline to take profits and make this second nature. To do this is one of the vital ingredients to success in penny stock world.
One way I keep on learning is to challenge myself to locate and read as many PR's as possible each day. That way I keep on top of updates, events and possible synergy and overlap of industries, sectors, products and future projected events.
DARA - might be a good play - bollinger bands are pinching on 15 minute - at .5846 ask now - IMO - (not an expert here)
Diversification is key- the more you know the more information, timing opportunities you will have chance to be part of!!
Yes thats theoretically possible, and it actually has happened to a few stocks. The chances are low, but the point is good because it wont happen on this magnitude but over time it will have the same effect if you learn to diversify and play smart.
How about this scenario:
Invest $500 at stock at .0002
.0004 1k
.0008 2k
.0016 4k
.0032 8k
.0064 16k
.0128 32k
.0256 64k
.0512 128k
.1024 256k
.2048 512k
Focus to have each post you create have value!!! Remember that money can be made however time is a finite commodity!!! Get the most bang for each second and you will notice improved results. Expect hesitation, expect friction as it will take discipline and consistent dedication to break free of habits and thought processes that prevent each second from being maximized to the fullest.
One day of strength where every second is maximized to the fullest can be the powder keg to a changed life and future forever!!!
Stay "hungry" over the weekend and do what others may not do or may do little of ie:
1. Database management
2. Overview of weeks performance and strategy for week ahead
3. Review of investor boards for additional resources and learning
4. Review PR's and financials that may have been overlooked previous day or days
5. Learn about a new stock everyday (or better yet many stocks)- become a STUDENT of the business and stay a student no matter if you make 10k, 100k, 100M or more.
Create watchlists by sector/industry for greater organization and keep these open at all times. For those of you who have multiple trading services ie E-Trade, sogo trade, scottrade etc. you can create a combination of watchlists on each service for greater flexibility. If you load up one service with a LARGE number of stocks to watch it may take a minute to load up the information and in pennyland every SECOND counts!!!
Being able to type quickly is underestimated and will lead to being able to access information quickly hence leads to increased opportunities for gains. Being able to type 40-60+ words a minute will allow for following:
1. Ability to check all stocks on watch list for PR's, news or major buying/selling.
2. Ability to change buy/sell orders as MM's can change quickly by the second
3. Ability to review various message boards and resources for needed knowledge, news and insight.
Invest in a typing class to get speed up as that will only allow one to review more sources and take in more information. Maximize the most per second and you will create more doors to be opened up.
Have PR websites/resources available and get in the habit of reading these each morning. Takes 21 days to create a habit!!! I will list this websites on this board.
Many times the first trading hour or half hour is where a lot of movement occurs!! Wake up about 30-45 minutes+ before the opening bell, check out PR's, strategy and get in a state of mind and body that is "In the NOW." In the "NOW" is where it all happens.
Having a sell strategy or a series of strategies ie incremental, chunks of 25%, etc. is nearly as important as a buy/entry point strategy. Being overly prepared will not only lead to greater action where every second counts in pennyland yet will setup the next trade!!!
You will end up with $512000 if you take $500 and play 10 doubles consecutively, but if you take $500 and play a 10 bagger you will get 1000% or $5000 profit, for a total of $5500. Your method is exponential, and you can't exponentialize without multiple stocks, or at least multiple investments over time in one stock.
Techniques whereby I have located successful picks:
1. Learn the boards on Investorshub that give investors visibility to stocks increasing ie .0001 picks and Hunt for the Next 5-10 bagger
2. Mark board members that have the tools for success and are consistent ie RULiquid. Pay attention to board members with high markings.
3. Create an excel or access database whereby you can update everyday at any time and make it so it makes sense to you and is user-friendly. This is all about organizing your strategy around the numerous activities and action that is present in a trading day. Once you have initial database developed the stage is set for additional databases (I will discuss this more in the board).
Here is what can happen with $500 is combined with 10-bagger/15 bagger ie (1000%/1500% increase)
Start: $500
$1000 (100%)
$2000 (200%)
$4000 (300%)
$8000 (400%)
$16000 (500%)
$32000 (600%)
$64000 (700%)
$128000 (800%)
$256000 (900%)
$512000 (1000%)
$1024000 (1100%
$2048000 (1200%)
$4096000 (1300%)
$8192000 (1400%)
$16384000 (1500%)
Welcome to Money Multiplication and Strategy (MMS)!!! Ideas, techniques, tips, insights, thought process and mathematical growth will be covered here!!!
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