I realize that, but with big boards it seems like I can actually use technicals and have stops in place... The thing about pennies is I feel like I need to be glued to my computer. Even with stop-losses, with a jack-knife fall, it may not fill and you end up losing more than you'd hoped for.
Maybe short-term trading is something that can only be done if you have access to a computer all the time?
I disagree. I've lost more in penny stock then I ever have on small cap or big board. The secret is not to expect 100% gain everytime you trade. I just mentioned PPHM in Dan's chat. I got an email on it on 8/27/12 from deadjim when it was around $1.99. Today it hit around $3.45. Yes it took 2 weeks but it was over 70% gain. I think there are some here that need a win, even if it comes at a slower pace, to get their confidence and portfolios back to where they need to be. That is the shift that I am making for myself. I am tired of chasing promos and watching the wreckage. Take $2500 and look for more modest 15% gains and you'll be over 100K in under 30 trades. It may take you 6 month to get there but in my opinion it is better than losing that in a matter of minutes.
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