Eagle's Nest

[eaglesurvivor]

spintex: most subpennies end up being on the grey and pinks. If one lacks the 25K to more easily trade, the cost of trading them cuts into potential profits, as one must be ready to cut losses quickly. I recommend building your pot on issues between 1.00 and 4.99.

Let me give you an example. OTD is on my short watch list. It just filled the last unfilled gap today. I'm ready to pull the trigger any moment. It could still go lower, but this is what I have been waiting for in this stock. The trade could turn against me. In that case, I have to, unemotionally, take my quick loss. Most brokerage accounts will charge a little extra commission for it being under a buck. No real biggie, but you will want to start with good money management habits. I say this, because it is at .95 right now. I see little downside, from here, given my DD on the entity. There's both a decent short-term upside and a reasonably strong intermediate and long-term forecast. I'm only trading, but I still try to eliminate most of the risks.

Look at this link: http://stockcharts.com/education/IndicatorAnalysis/indic_AccumDistLine.html Accumulation/distribution and Williams% and Bollinger Bands are my key guides for charting pennies. Also remember that if the share structure has recently changed, you have to start from the change. Many sites like Bigcharts (http://bigcharts.marketwatch.com), let you have some pretty useful charts that you can customize to your own desires, for free.