"Like I explained before, your method of trading carries it's own risks. Especially with penny stocks"
yes there are risks in trading...but holding onto penny stocks hoping for that one in a million has more risks..
"You say you ALWAYS wait for the bottom before buying in"
yea..thats the general idea..you want to buy at the bottom and sell at the top...but thats not just my plan...thats every traders plan..
and buying at the bottom could mean a long term bottom or a near term bottom...it doesnt mean an all time low....although that would be fine too..
"So you magically KNOW where that bottom is when it starts going up, right?"
i suppose if you have no clue about t/a it might be something magical to you...but no, im not a magician....and i almost never catch the exact bottom...but anywhere near it is close enough for me...
"When do penny stocks start going up? According to you, when they are "pumped"
yes, thats one thing that can move a penny stock..news can also..whether its legit news or complete bs, it can move a penny stock also...manipulation can move a penny stock...many things can move a penny stock...and i really dont care what it is that ends up moving a penny stock that i buy into...all i need to know is whether or not its a move i can profit from..
"So you are effectively recommending buying into pumps, but you got to be fast before they go too high and you get caught right"
yes, pumps can be great to trade...again, you want to sell higher than you bought...thats the goal...sometimes you have to be fast and sometimes you dont...nothing is always the same...
"ONE ever knows where the bottom is actually going to be"
if you mean the EXACT bottom you are correct...i didnt buy nei at the exact bottom...and i sold it quite a bit off the top...but i made about 35% in a short period of time...no magic..just t/a, paying attention and experience..
thats the beauty of the market..you can miss the bottom by buying a bit too soon or buying a bit too late....but it doesnt matter as long as you are right about the upward move...and for the record, no one knows where the EXACT top will be either...and no one needs to know...you just need to have a general idea of where you believe the top will be....it doesnt matter if you miss it by being early or late...as long as you profit..
most of the stuff i say about trading is common knowledge stuff...the fact that you cant understand it doesnt mean theres something wrong with it...
