lowtrade

[lowtrade]

Was just reading your posts at another board. Your plan is not novel. ALL new to pennland trading, thinks and feels the best spot is "money for nothing, get your checks for free".

.0001 to .0002 or micro triple zero, in general, is actually the last place to start. Later with experience maybe ok for those with high risk/reward needs. But; It's where you win or lose all your cash, with 1 lucky play or lose it all with 1 not so lucky. Problem is luck is not repeatable. And eventually ALL lose all, trying this great novel idea! Plus you'll be surprised how long you tie up your cash before your order ever gets up the trade queue line, before being next to close. You can always buy .0002, but rarely get .0001 unless your around long enough to close there. We're talking months many times, to get that first auto double bought at .0001, sold at .0002.

What happens is one gets racy waiting and buys .0002, thinking I'll wait to sell at .0004. Just as bad a plan.

The first thing to do is to learn about the market you plan to trade. The OTC is the wild west of markets and riddled with manipulative runs and big stories of gold at the end of the rainbow.

Try studying some of the info in these links. I think it will help you understand the complexities of trading the OTC.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94580872

Successful trading of the OTC comes from knowledge and work gaining that knowledge. Ask questions. And paper trade each new plan thought of, before using cash. Rack up a win to loss ration of at least 1 in 3 before using cash. And spread that cash over 3 stocks at a time. So losses don't take you completely out of the game. Always have an acceptable loss sell figure less then the gain. I use 1/2 the gain. That way it takes 3 losses for each win to actually lose money. 1 loss your up, 2 losses your even.

The goal for beginners should not be win the most possible. It should be staying around long enough to develop a trading style which meets you personal cash & experience wants and needs.

Breathe, your NOT going to become rich thinking .0001 to .0002 plays was all your idea and you will succeed and become rich trading that strategy, in the first few months at it.. Hundreds of others are trying the same thing ahead of you. Placing you way back in the your turn to sit down a close your order turn. I call triple zero tic up, tic down, plays, musical chairs plays. Where you circle around and around waiting for the music to stop and close your buy or sell order.

Always here to try to help, as the need arises. But be aware I don't teach high risk or gambling. I teach low risk repetition which adds up to making a the comfortable living you plan for.