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PennyPenguin
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is analyzing the technicals

Followers 6
Posts 83
Boards Moderated 1
Alias Born 01/21/2014

PennyPenguin
Level Icon

is analyzing the technicals

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PennyPenguin
Level Icon

is analyzing the technicals

IHub Info
Membership Type: Level Icon
Followed By: 6
Posts: 83
Boards Moderated: 1
Alias Born: 01/21/2014 02:39:00 PM
Personal Info
Location: Toronto, Canada
Investment Philosophy: HOW TO BE SUCCESSFUL IN PENNYLAND:

1) Accept that shit is really f*cked down here and many have come and lost

2) Learn the 'life cycle' of a penny stock

3) Trade on Volume & Price Action - Ignore the story

4) Remember dilution is always just around the corner

5) You can either preload on a 'potential winner' and wait for the pop

6) OR swing the runs/bounces
Occupation: Entrepreneur | Designer | Ethical Trader
Hobby: 7) Take haircuts (small losses) if you have to, so that you can still win big tomorrow.

8) Know your patterns, chart indicators, and Level 2

9) Use the 30/30/40 rule on winners to 'play it safe'

10) Only trust the people that you can trust
Favorite Links:
Home: Ospreyeye TA & CandleSticks
Favorite Quote: “Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.” - Marcus Aurelius
Person I'd Like to Meet: Those who will help me make money!
Favorite Movie: Do not be greedy - Don't rush to trade - Wait for the setup you know and trust
Favorite Artist: Aim to truly understand the playing field. Do your own research. Don't give away your hard earned cash.
Favorite Team: Bull, Bear, and Transitional periods all need different trading strategies
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