Bemax Inc (BMXC)

[I-Glow]

Just like 5 or 6 years ago it was gold mining that was a trend - then in 2012 the weed stocks started a trend - looks like cryptocurrencies are going to be the latest trend.

But the individual companies are promoting or pumping their stock each with varying degrees of success.

I have also seen a growing interest in biotech stocks on the OTCM.

It is relatively easy to be successful with penny stocks.

1. Trade them never invest or get married to a OTCM stock - if they aren't a SEC filer they are a scam - but you can still pull out a profit.

2. Consider all to Company X and never believe the company or forum hype - many times it will be a frontloading group doing the forum pumping - pay attention and you will know OWCP the usual suspects.

3. Be very disciplined - cut your losses - most successful traders set their losses at about 8%. And never under any circumstance average down - horrible investment strategy and plays into the scammers hands.

4. Learn to read and understand the L2 - screw the charts and technical analysis - they can't predict when the promoters are going to dump.

5. Play the price action and always take profits.

6. The only way to trade penny stocks that use message boards, social media (Twitter - Facebook), forward looking press releases and paid promotions is to just consider them all to be scams and just trade them do not invest in them. You'll lose 99% of the time if you believe the hype

8. Never ever chase on a promoted stock.

9. Learn to do DD about those involved with the company - it is much easier to predict the promoters than to predict the market.

Or you can believe the company and forum hype and lose your ass.

IG