Great week, on only two trades, I know not all weeks will be this successful, but with good DD it will go a long way! heres to trying to break into 2,000 territory next week!
SWRF- going to exit anything above .0065, if you look at the chart every single time it hits the bottom bolly band over the past year it has run to the top bolly and then fell, so I continue to believe it will get into the .009's but don't want to wait for it to do so..
I will have funds settle monday and am eyeing MRIB pretty closely with all the attention it has gotten over the past couple days making, the chart looks great and RSI is pretty neutral, so any move down Monday morning (.008-.0083) I will scoop that up in a heartbeat and look to sell anywhere from .0095-.011 for a quick 20% on ~500$
One thing to remember with these pennies is to implement mental stop losses, because the percentage swings are so wild it gets tough to overcome the emotion and stop believing it will bounce back, but from experience I can tell you that when you see people say "trade, don't marry penny stocks" it couldn't be more true. You will get burned more times than not from sticking to stocks you "believe" in.
from the money in the account- 500 will be looking to get into MRIB as stated previously, and the other 900$ or so from my winners will be waiting to clear before I jump into something else, I have also learned its pretty stupid to not let funds clear even if you believe that the price will still be higher in 3 days, just my opinion.
Anyway keep bringing advice and good luck to everyone next week!
