Well as most of you know I am a technical trader, this is why I have partnered with OldschoolTrader who holds a series 7 license... We collaborate picks that are fundamentally sound along with having technical potential. As we all know the penny market runs are based "mainly" off technical setups. My favorite type of plays are oversold bottom plays... I have had a great deal of success trading full time since 2009 and my trading strategy has been proven over the years to work atleast at a 70%+ success rate meaning 7/10 alerts will be profitable. I have my scanners setup to notify me when these oversold bottom plays have all the right criteria for a huge run. I generally only alert plays that have "atleast" the potential for a 50% run. I love plays that are coming off their 52 week lows and have the technical indicators turning up for a run.
I also day trade a lot during the day and flip the channels (buying support and selling resistance) of a liquid stock. I make a consistent 5k a week off a day trading account of 50k.. I buy 5k positions in a momentum play and sell at 10% gains, after 10 flips I will have made a weekly income of 5k just of this account.
My other account is for the bottom plays, where I shoot for 50-100%+ gains off my alerts.
I want to reiterate that Myself and OldschoolTraders will make ourselves available to all members with any questions and concerns, Our goal is to pay it forward if you will and we're dedicated to ensuring all of our members are successful and make as much money as possible, while limiting losses.
Also our other assistant Mods are here to help as well, if either myself or OldSchoolTrader are not available.
