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2024 Step-by-Step Guide for Penny Stocks

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Unlock the Hidden Gems: Invest in Penny Stocks and Discover Untapped Skyrocketing Profits!
GPSM  |  Will Bell  |  October 7th, 2023
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Apologies, however..., you will not get rich quickly trading penny stocks at least overnight. 

 

I know some guru probably told you otherwise, but make no mistake about it, that's not how the penny stock trading game works.

In-fact...

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I've been trading stocks for over 25 years and at this point, I've heard the guru's "get rich overnight trading penny stocks" song for my entire trading career. 

Hey, my name is Will...,

 

In this shocking report, I'm going to share with you what I've learned over the course of more than 25 years of trading stocks to assist you in shortening your learning curve so that you can get to those wonderful trading profits.

You have to understand first...

 

...There is no great secret to investing in penny stocks and making a lot of money.

 

My friend for you..., it's a matter of diligence, dedication, and study.

 

You must strive for moderate, steady growth and incremental victories trading every day. 

Let's start here...

Fortunes are made by buying low and selling too soon. - Nathan Rothschild 

Learn More about the ZEN TV+

Penny stocks are stocks that trade for under $5.00 a share and are typically issued by small-capital businesses.

 

They may be new companies, operating in an emerging sector, or even in danger of going out of business.

I've made a lot of money trading penny stocks.

 

I realize that is a typical statement for someone who has traded stocks for over two decades, but I've done it, and using only an ounce (1oz) of intelligence to figure out what works, and what doesn't when it comes to penny stocks.

 

If you haven't guessed it yet...

 

I'm not the smartest trader on the floor, or even in my office, but you know what...

 

...Other traders have done the same thing too as subscribers to GPSM Stock Alerts.

Like one of our members, Odale Mitchell, who well demonstrated this when he took $500 and quickly transformed it into $10,000.

Or Andrew B, who’s made 130% return in a week off his original investment...

Or Jayner F, who’s up 201% in profits trading our penny stock signals from our members-only watch list.

And other people who have subscribed to our trading newsletter have achieved significant trading milestones.

Have I gotten your attention? Good.

 

Let's get started with one of Wall Street's most despised — misunderstood — high risk/high reward trading securities:

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Let us be honest.

You probably came into this site after searching for something along the lines of "how to become rich quick trading penny stocks." and that's okay. 

To make money trading penny stocks there are numerous strategies to do this, but here are the top 3 elements for building a strategy that I use:
 

  1. Information - Knowledge is Key

  2. Preparation - You must be ahead of the game

  3. Experience - The experience you need is painful to get but you must persist. 

Element 1 - Knowledge Is Key

While the knowledge you require is not infinite, it can appear such at first. 

 

This guide provides a basic understanding of trading words, patterns, and rules.

 

It provides responses to frequently asked questions. However, in order to become a great trader, you must prioritize your trading education.

 

Element 2 - You Must Be Ahead Of The Game­

Preparation is an area where the majority of traders fall short.

 

My ideas are based on trading the market's most volatile equities. This implies that you must arrive at your computer prepared.

 

I recommend that you read this valuable post regarding penny stock trading strategies; then watch my video guide "Golden Penny Stocks 1.0."

 

It details and illustrates the smart indications I use to prepare for each trade.

Element 3 – Persistence… You Must Remain In The Game and Gain Experience, Which Entails Overcoming Financial Setbacks.

There is no substitute for experience. The most critical action you can take is to remain in the trading game during heavy losses.

 

Regrettably, most traders never gather enough expertise to become successful traders consistently. 

Regardless of how much you study, becoming proficient requires that you study a lot and trade a lot, and most importantly remain committed to being a trader when you have losses in your trading account.

 

That is why I usually recommend that new traders begin with a small brokerage account and gradually increase their size.

 

Acquire the ability to take single wins and promptly cut losses. Concentrate on perfecting the process.
 

The easiest way to do that is to paper trade our Penny Stock Signals with our Trading Newsletter Golden Penny Stock Millionaires.com

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All successful traders have a set of preferred trading patterns. And they all employ risk management techniques.

 

It takes time to discover what works best for you and how to limit risk.

 

Never undervalue the importance of how much you need trading experience… If you do you’ll lose money.

 

The smoking gun of GPSM Stock Alerts success is:

 

All of my subscribers are focused on cutting losses, this is how you build your wealth and keep it as a penny stock trader.

 

There’s nothing like having a winning trade and making $3,500 in the first 15 mins of the markets open only to invest it in a losing trade next go around, or a series of losing trades and see the market take back that $3,500 with interest.

 

Are you ready to trade penny stocks but kind of not sure?

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We'll discuss what they are, how to get started, and how they vary from other forms of stock trading.

Defining Penny Stocks And Penny Stock Investing
 

In contrary to the name, a 'penny stock' is a stock that trades for less than $5 per share.

While they may be fractions of penny stocks that trade below $0.01 a share in trading at $4.95 and below is called a penny stock.

 

The terms Small - Caps and Micro - Caps are really the same as saying penny stocks.

 

That is not to argue that investing in Small-Caps and Micro-Caps follows the same path as purchasing and selling large-cap stocks such as Apple or Bank of America.

 

Penny Stocks are a distinct form of securities that requires unique trading techniques, high levels of energy, and a non-traditional investing mindset.

 

To begin comprehending what this entails, let us look under the hood of penny stocks.

This is how the cognitive approach to penny stock investing works...

"Hi, My Name Is Will..., And... It's Reasons Like This To Why I Have Trust Issues -"

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And you would too if I told you why not to trust any penny stock firm in which you are thinking of grabbing shares in.

 

I recognize that this seems a bit cynical because of the major profit-making opportunity they provide — and very counterintuitive because you want to keep milking the cash cow — but these are not Bank of America, or JP Morgan's NYSE level of securities.

Generally, folks believe that investing in the stock market entails identifying a firm in which you believe in, and then purchasing shares and keeping its stock for years. 

 

Not so with penny stocks.

 

Penny stocks… on the other hand, are the polar opposite. The reality is that between 65% to 80% of penny stock companies will eventually fail.

 

However, they usually undergo enormous spikes or bull runs prior to failure.

 

The balance of companies that are most likely to succeed will be traded in ETFs and on Indexes like the Russel 2000.

Due to their modest size though, these businesses are super sensitive to the impact of virtually any news catalyst… good or bad.

A single news announcement can result in massive wild price swings...

Here’s Just One example from January Dec 28 and 29th when AB (International) Group (OTC Markets: ABQQ) Spiked 150%+ In 2 Days Of Trading. ($5,000 x 150%)

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Price Data, Calculations, & Statistics — courtesy of Golden Penny Stock Millionaires.com

As a penny stock trader, my strategy is based on identifying patterns within these types of spikes and profiting from short-term market fluctuations.

 

The short term could be a day trade, or a swing trade.

 

Bear in mind that they are not long-term investments comparable to Big-Cap companies like Apple buy and hold strategy.

 

The objective is to profit from the short-term changes in the turbulent OTC Markets while maintaining strict risk control discipline.

 

At each one time, the stock market has a trending sector or two. 

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This Year In 2024, Keep An Eye On These Penny Stocks:

However, the stock market has been on fire since the run-up to election day (21) in early 2020.

 

This level of volatility has been unprecedented in my experience.

 

This was the smell of 2 different administrations' past and present fighting over the economy’s direction which was supported by vast polar economic directives and polar ideologies, and then a war broke out. 

 

What is the best course of action for traders during these trying times?
 

Prepare yourself... Financial history always repeats itself. 

 

I'm ready.

 

My subscribers are well-equipped. When the market presents us with opportunities, we seize them.

 

In 2021, our signal alert trades returned more than 680%, compared to 540% in 2020*.

 

This is not because I became significantly more shrewd as a trader overnight.

 

And, it is not because our members began this year with a larger cash balance.

 

Personally, I begin each year with a small account to focus on education and putting our members' needs first.

 

Best Penny Stocks To Watch Price As Of Jan 2024 

Trading sub-penny stocks (stocks that trade below $0.01 a share) on the (Over-The-Counter) OTC Markets is my favored method of trading, and the money is addictive.

 

Penny stocks that trade between $1.00 a share to $5.00 a share are traded on the NYSE, Nasdaq, and AMEX (remember that).

 

The tables below show the top 10 penny stocks I'm tracking, grouped by the stock exchange.

One of the reasons I enjoy penny stocks so much is their proclivity for price spikes.

 

I mean they can run at 100%, 200%, or even 300% capacity in a single day, and that's where one of the many problems comes in.

 

1 problem is once you've tasted a 300% return on your money anything less than that on your next trade doesn't taste the same, and this is exactly where traders get in trouble...

 

...Losing focus however on small wins like a steady 8% return on your money week in and week out can be dangerous because the steady wins is how you win week in and week out.  

 

In 2021, we've observed numerous jumps of 1,000 percent or more in a matter of days. Bear in mind that I do not believe that any penny stock is a smart long-term investment.

 

Penny stocks, in my opinion, are trading vehicles...

 

...a smart stock picker's dream...

 

...therefore, while you view the potential of these penny stocks below, keep in mind how quickly they might collapse in value...

2024 Top 10 NASDAQ Penny Stocks

Symbol                                                  Name                                                              Price

UTME

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UTime Limited

$1.7300

METX

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Meten Holding  Group

$0.1690

BBIG

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Vinco Ventures Inc.

$2.18

TNXP

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Tonix Pharmaceuticals Holding Corp.

$0.21

SNDL

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Sundial Growers Inc.

$0.48

AREB

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American Rebel Holdings

$1.15

DRMA

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Dermata Therapeutics

$1.04

HUSN

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Hudson Capital

$2.01

VCNX

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Vaccinex

$1.09

APWC

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Asia Pacific Wire & Cable Corp.

$1.89

2024 Top 5 NYSE Penny Stocks

Symbol                                                  Name                                                              Price

COE

China Online Education Group

$1.30

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IRNT

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IronNet

$2.80

LU

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Lufax Holding

$5.30

RHE

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Regional Health Props

$3.22

DRIP

Direxion Daily S&P Oil & Gas Exp.

$2.82 (revese split)

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At the moment, the market is overall outstanding. Are you up to the task?

 

To Get Started, Grab a Copy Of "Golden Penny Stocks 2.0 The Penny Stock Playbook,"

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This is my two-hour video guide and penny stock playbook that will help you trade penny stocks in all market conditions.

 

This Penny Stock Playbook will provide you with intelligent concepts on how to trade penny stocks along with dealing with future market volatility.

 

Best of all, it's ready for you today.

Click Here To  *** Grab Your Copy ***

 

Additionally, my penny stock trading newsletter Golden Penny Stock Millionaires which publishes a weekly high probability penny stock watchlist issues the best entry and exit prices of each trade alert.

 

Click Here, and you can begin your trading career by subscribing to my Trading Newsletter.

 

Our Penny Stock Signals are focused on delivering High Probability Penny Stock Alerts with entry and exit price zones to our subscribers.
 

Even more seasoned traders are astonished at how frequently our proprietary trading system uncovers hot stocks.

 

Additionally, the pricing is absurdly low.

 

Find out more about the Golden Penny Stock Millionaires Trading Newsletter by visiting this page.

 

(FYI, you are not required to begin trading immediately if you are new and unprepared; take 30-days to go through our daily watchlist at your own speed and paper trade it as often as you need.)

How To Get Started Trading Penny Stocks Today

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1st let's start with what is the incorrect method of trading penny stocks.

 

Their Story:

 

Your belief in their story that... these micro-businesses... which already have very little money for their day-to-day operations... will one day revolutionize the globe is a mistake... this error causes traders to then lament over their depleted portfolio when the micro-cap stocks ultimately crash and burn.

 

It's true, however, that a penny stock has the potential to become the next big thing. However..., it's unlikely.

So, What Is The Proper Method For Trading Penny Stocks?

 

No Penny Stock Ticker can be trusted in the game of small-cap trading. Bottom line. See Green Take The Cash! 

 

Recognize that the majority of these businesses will fail... although they will have massive price spikes ex: +3,000% gains, before fading into obscurity.

 

Once you accept that the majority of these stocks will fail, you can develop the skills of a Wolf Like Trader and pick off the winners.

 

There Are 2 Primary Trading Strategies For Trading Penny Stocks: Long or Short.

 

Going LongDespite the phrase, "Long"... in the trading technique that I teach it refers to a swing trade or a buy-and-hold position.

For Me, It's a Brief Encounter... Passionate... Dirty, I'm Satisfied at 6% - 20% ROI, & Then I'm Finished.

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To be fair, it does happen occasionally with a repeat runner as the opportunity often presents itself...

 

You may see me holding overnight, and even longer if I enter a trade prior to the catalyst.

 

Going short - This refers to the act of selling a stock short. As a short seller, you believe the price will fall.

You borrow shares from a broker that you do not already own and then sell them when the price falls. Then you repurchase them at a lesser price, return them to the broker, and keep the difference in price.

 

I realize this seems un-American to bet on a company failing, but man does it exists on Wall St. & Main St. 

 

Whether you go long (buying and then selling) or short (borrowing, selling, and then buying back), the objective is always to earn a profit. While the gains may be minor, they can accumulate over time, and that is what I call trading smart, and outwitting the market players. 

Are You a Good Candidate for My Next Free Stock Trading Workshop?

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Allow me to state unequivocally that this training is not for those looking to amass wealth quickly...

 

Like $2,200,000 in your trading account by tomorrow. 

 

Contrary to what some YouTube guy claimed in a YouTube advertisement, the financial market offers no promises.

 

There Are Hundreds –– Thousands Of People That Strike Gold! –– Who Blow Their Trading Accounts Also.

 

In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin uncovered that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619. 

 

I designed this Trading Workshop "How To Grow A Small Account" for those of you who wish to trade smarter, make more money, and keep what you make. 

It's for traders who want to have a better grip on investing and work toward their goals in a way that get's the job done... 
 

Isn't that tedious?  Yes... I'll admit it: trading isn't always enjoyable.

 

Executing an order is exciting... but it requires extensive study of your emotions as you're trying to get in a position... scanning, maintaining watchlists, working diligently, and waiting for the optimal setups take work too.

*** You can sign up for my Free Trading Workshop here ***

The truth is that trading penny stocks was initially motivated by my desire to become wealthy.

 

I wanted to become rich just like everyone does... (I mean you are not trading stocks for fun).

 

I chose the stock market when I was in high school to become my Starship to do so. 


Early on though guys, I realized that money represented freedom... the freedom to pursue my childhood goal of surfing Pipeline Hawaii as much as I wanted... whenever I wanted...

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...and hitting the links on 18 holes weekly.

 

Freedom to live life on my terms... You know - 

 

I give a significant amount of money to charity... and these days, I receive the most joy from teaching my kids to give back to society, and maintain a healthy balance in their lives... to leave the world in a better place then you found it. 

 

These may not be your objectives.

 

So, what is my point... right... Well, objectives are subject to change.

 

Trading penny stocks could help you achieve your goals, whatever they are... I'm sure you've figured that out by now. 

I'm An Active Retail Trader Still, But I Despise Killing Money.

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To trade penny stocks, you do not have to be an adrenaline junkie. Indeed, you should despise risk to the point where you're eager to do anything and everything to avoid it!

 

It's straightforward logic: If you take large risks in the stock market, you run the danger of losing a large sum of money.

 

In rare instances, you may lose even more than you initially spent. That is not my definition of a prudent trading plan.

 

If you want to stay in the game for the long haul, you must emphasize discipline, rules, and loss minimization. Utilize prudent risk management techniques.

 

For instance, you should never deposit more than 10% of your trading account in a single move. If you have a modest trading account, you may want to limit this at 4%.

 

You must establish your own boundaries in accordance with your risk tolerance. How much are you ready to wager on a single play – and what happens if you are incorrect?

Create your own rules and adhere to them. Do you require assistance in deciphering the rules? Begin here.

Are You Ready To Be A Top Penny Stock Trader?

The Smart Mentality Is Critical, Nothing Else Will Work.

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Bear in mind that penny stocks are NOT standard traditional stocks. Trading them takes a distinct mentality.

 

I've already discussed modifying your expectations for the securities and their stock tickers... with the knowledge and understanding that the vast majority of them will fail.

 

However, another significant personal trading modification is that you must alter your attitude about failure.

 

Failure Is Inescapable In The Stock Market.

 

If you are the type of person who is constantly concerned about being correct, this is not the game for you.

You cannot trade penny stocks without experiencing some level of failure. I've failed repeatedly.

 

Are you not convinced? You can obtain a free copy of my book, "(The Legendary Rules To Trading Penny Stocks)." I detail some of my most egregious errors and setbacks.

 

Rather Than Avoiding Failure, Resolve To Learn From It.

 

If you're ready to put in the effort, accept failure, and learn from your mistakes, then trading penny stocks may be for you. You'll discover that setbacks can ultimately result in success!

The Complete Story:  Penny Stocks Are Not Like Other Types Of Securities.

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Penny Stocks: The Complete Story

 

These are NOT well-established, dependable businesses. They are typically quite little.

 

They may be new and operating in an emerging sector. Some may even be on the verge of bankruptcy.

 

This Is Critical To Understand:

 

Unless they are listed on a larger exchange, small-cap companies are not required to file the same SEC reports as their larger counterparts.

 

This implies that you cannot take penny stocks for granted the way you can with larger corporations.

 

True... penny stocks can be dicey.

However, if you're prepared to invest some time in study and chart analysis, you may agree with me that they're actually quite simple to trade.

 

Personally, I believe that trading penny stocks may be learned much more quickly than trading larger assets.

Why? 

 

Due to the low price point, you can begin trading with a modest account and gradually increase your capital.

 

Because you're only investing a modest amount in each play, your rewards will be small... but your losses will also be small. This is one method for gradually scaling up over time.

 

Is it worth learning how to trade penny stocks online today?

 

Well, the best question to ask is "Are penny stocks still making money?
 

Penny stocks have accumulated millions of dollars for non-professional traders…  I’ve made a ton of money trading penny stocks, and I’ve been able to give a ton of money to charities of my choice.

 

But you may ask today is trading online worth the effort? Are small-caps capable of assisting you in growing your account?

 

Of course, I believe that and so do my trading members.

Here’s my 6 step penny stock checklist in order to help you make a decision:

Penny Stocks ARE NOT SUITABLE FOR ALL TYPES OF TRADERS.
 

  1. Traders must have a strong work ethic.

  2. You'll need to develop your ability to think independently.

  3. Always be prepared to conduct research.

  4. Trading penny stocks requires discipline.

  5. Be prepared to learn a LOT throughout your career.

  6. You must develop and adhere to trading plans.
     

If you are unable to check the box on any of these questions…  penny stocks are probably not for you.

 

However, if you're prepared to educate yourself and develop into a self-sufficient trader, I believe penny stocks are worthwhile.

Penny Stocks: Educate Yourself On The Risks Associated With Trading or Investing in Them.

Are penny stocks risky? Yes, absolutely

To mention a few:

• They are not as heavily regulated as large-cap stocks.

• They are highly volatile (wild price swings).

• The majority of these businesses will fail.

How To Trade Penny Stocks: Beginning with the Fundamentals

 

What is the first item you'll need to begin trading penny stocks?

That's right Trading Education.

 

I'm sure you've heard this before. 

 

To be a successful trader, you must first understand what penny stocks are, how they function, and how to recognize market trends.

A nice place to start? 

Below is Ch 1- 6 of GOLDEN PENNY STOCKS 1.0 Intro To Penny Stocks. 

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From there, if you're interested in taking it a step further, you can access the full video here and after that join my Penny Stock Trading Newsletter. 

 

Once you're ready to begin trading, you'll need a few essential items...

You'll Need To First Open a Brokerage Account

 

In order to trade stocks. Your broker serves as the intermediary between you and the markets. It is critical to choose an excellent one... do not settle for the cheapest.

 

A Trading Newsletter

 

Some traders use a stock screener to help you narrow down the many stocks available to trade. I use The Golden Penny Stock Millionaires Trading Newsletter a system that alerts me to the top penny stocks that are filtered and refined…

 

Software for Charting 

 

To truly understand a stock's health, you'll need to conduct extensive stock analysis. Stock Charts.com is a free service to start with. 

 

There are two primary types of stock analysis: fundamental analysis, which examines the company itself, and technical analysis, which examines the stock's chart in search of discernible chart patterns.

 

The Golden Penny Stock Millionaires Trading Newsletter can assist you in accomplishing both:

 

It includes not just an excellent charting readout on the alerted trades, but also links to pertinent news, SEC filings, and even social media mentions of companies.

Both types of analysis are critical, but technical analysis is more critical when it comes to penny stocks.

 

I am continually examining chart trends.

 

I'm interested in the performance of a stock over a period of weeks, months, or even years.

 

What patterns am I able to discern in those graphs? What factors could affect anticipated performance?

 

Trading Strategy

 

If you want to trade penny stocks, you must have a trading plan.

 

This is similar to a map, except that you plot your entry and exit spots.

 

In an ideal world, you would base these numbers on thorough study and possess the discipline necessary to adhere to your strategy.

 

With the Golden Penny Stock Millionaires Trading Newsletter, you get both entry and exit prices on each stock that's alerted. 

I'm not a big admirer of any certain broker. Brokers, on the other hand, are a necessary evil if you wish to trade.

 

As a result, It's best to choose the two that I believe are the least bad for new traders: E-Trade and Interactive Brokers.

 

E-Trade, in my opinion, is the finest option for US traders, while Interactive Brokers is mostly for overseas traders.

 

I am not compensated for using them - I am simply being open.

Essentially, you want a reputable broker who can execute your orders and provide the stocks and services you require.

 

If you are able to maintain two brokers, this can be useful — particularly for day traders concerned about the pattern day trader (PDT) regulation.

Click here for my strategies on avoiding the (PDT Rule)

How To Identify The Best Penny Stocks To Trade

Are you looking for amazing penny stocks to trade?

 

Here's how to begin.

 

Utilize a Professional Penny Stock Trading Newsletter that does not promote stocks to identify opportunities and have them issued to you. 

There are 10,000 stocks available. You cannot trade all of them, and you should not trade them arbitrarily.

How can you narrow your options? When stocks are already pre-screened. 

 

A Professional Trading Newsletter subscription issues you filtered stocks based on high probability criteria.

 

That is how you can identify the finest candidates for trades that fit your trading speed.

Remember how I mentioned Golden Penny Stock Millionaires Trading Newsletter earlier? I helped designed the trading system to alert penny stocks so that any trader at any level can invest in them. 

A professional trading newsletter like Golden Penny Stock Millionaires does not promote stocks, or pump stocks, and can help you narrow down the best stocks for your trading strategy. 

 

Additionally, traders who are still getting their feet wet can paper trade, all of our stocks as this allows as an excellent (virtual trading) platform to help minimize your risk.

 

The Golden Penny Stock Millionaires team is constantly working to improve our trading newsletter functionality.

 

A lot of traders start off in chatrooms and Reddit Threads to copy the actions of other traders...(Wall Street Bets)...

 

... but it is impossible to reproduce a trader's actions and keen market skills while trading not to mention the wolves, stock pumpers, cheerleaders and promotors you're going to run into. 

Each trader has their own distinct approach... as well as strengths and shortcomings.

 

Having pre-screened alerts sent to your email inbox or cell phone before the market opens gives you the ability to focus on expanding your knowledge and establishing your own trading style and technique.

*** Click Here to Join Golden Penny Stock Millionaires Today ***

Which Brokers Are the Best for Penny Stock Trading?

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Begin Your Education in Trading Penny Stocks – Free Trading Workshop

 

My Free Trading Workshop is based on my more than two decades of trading expertise.

 

What is the objective of this Workshop?


Assist traders in self-sufficiency... I want you to trade wisely, stay safe, and be self-sufficient in the markets.

 

I've learnt a lot throughout my time in the market - and I share it all with my students in this trading webinar

I am not able to accept everyone. I believe I am the most in-the-trenches trading instructor out there, and I want others to value my lessons.

 

You are responsible for the heavy lifting...

 

Here's What I Got... I'll Show You,
 

How I made over 1k trading in under 1 hr, and then took the rest of the day off and went surfing all before lunchtime. 

Consider This:

 

Ask yourself what is the worst-case scenario if you dedicated yourself to learning how to trade penny stocks in this Free Trading Workshop? 

Now I'm Going To Show You the Critical Indicators for Trading Penny Stocks

Because I am continuously looking to the past, folks say I'm a glorified history teacher.

 

But this is how I attempt to forecast how equities will perform in the future. 

 

While history is never accurate on viewpoints, it frequently repeats itself rather roughly.

Thus, you must develop the ability to read chart patterns... but it is even more critical that you comprehend them. This truly occurs only with time and practice, which is why it is critical to study.

 

To corroborate what you see on the chart, you must consider key indicators in order to forecast how a stock will perform in the future.

The term 'indicator' is a somewhat broad one though...

 

It refers to any type of flag or signal that may act in your favor or against you when making a trade. 

I don't pay too much attention to fundamental data when it comes to penny stocks, as I am aware that the majority of companies will fail.

 

However, there are some indicators that can assist you in determining the level of risk you're incurring...

Before You Trade... Look for These Positive Forecasting Investing Indicators

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Here are some indicators that a stock may continue to rise:

 

Earnings growth and new contracts.

Financing.

New collaborations or products.

Increased volume of trading. 

News.
 

Stock Market Indicators That Are Negative

If you notice any of these negative indicators, it may be a clue that you should avoid a transaction... or consider going short.

 

Financing obtained out of desperation: ie the company in bankruptcy.

Rumors of negativity within the organization.

Negative industry news.

A decrease in trading volume.

 

The Secret to Penny Stock Trading: Chart Patterns

Learning to read chart patterns can help you become a more successful trader. Additionally, you'll have a better understanding of how equities respond under various market scenarios.

 

If it appears difficult at first, have no fear – it takes time. You can acquire the ability to discern chart patterns but not truly comprehend them.

 

Consider each stock as having its own personality. It moves independently of the company that sponsors it and other influences.

Regardless of the chart format you select, I recommend examining multiple time frames.

 

This might provide a more complete picture of a stock's momentum and historical performance.

 

Types of Charts

 

The four most often used chart kinds are as follows:

 

  1. Bar

  2. Candlestick

  3. Line

  4. Area
     

To be honest, I prefer the candlestick - Get my in-depth training on candlestick trading.

 

It's straightforward to read movement in a candlestick chart by observing the color of the "wicks." The "wicks" can be black, white, or red.

 

Bar and line charts are straightforward and do not convey as much information.

 

To be honest, It's insane that people attempt to make trading judgments based on simplistic charts... but that's just me.

 

As for area charts... I'm not aware of anyone who prefers them. They're disorganized and tough to decipher at a glance.

 

Patterns on Stock Charts

 

Chart patterns describe the upward and downward movement of a stock's price over time.

 

While history does not necessarily predict the future, patterns can be identified that allow for educated projections regarding a stock's future performance.

 

Smooth as Oil Stock Chart Patterns - Parabolic Curb Bullish/Bearish

 

These are my preferred chart types. The stock's price goes in one direction — up or down — smoothly with periodic but brief reversals of direction.

You must keep watch with these types of patterns as they are extremely predictive, and can help you profit quickly from a long or short position.

However, you should not want an overly clean chart like a up or dow trend with no price consolidation or price variation. 

A chart that is exceptionally clean — frequently results in sharp price spikes and if you are not quick enough, you risk losing a lot of money.

Bullish Price Action

I'm sure you've heard the terms bull market and bear market.

 

A bull market is upward trending, whereas a bear market is downward trending this is likewise, for all prices on the chart patterns.

A pure bullish chart price action demonstrates a consistent upward trend.

 

The stock price may dip on occasion, but it quickly recovers – frequently greater than it was prior to the brief decline.

 

This is an excellent opportunity to enter the market because the trend is likely to continue.

Bearish Price Action

A chart that is completely polar opposite of Bullish price movement.

 

Stock prices go down and reflect on the chart. While it may jump from time to time up, the downhill trend is immediately apparent. This frequently occurs following a significant bullish price movement. For example, a company may announce new funding, which excites investors. The stock price soars, but it is unable to sustain the hype and prices begin to fall.

 

Breakouts And Breakdowns/ Overbought - Oversold

Pricing Breakouts and Breakdowns indicate that a stock has either surpassed resistance or fallen below support.

 

The chart is clean because the pattern is either self-repeating or exhibits large pattern repetitions prior to the breakout or collapse.

 

Cup and Handle 

 

A cup and handle chart can be identified by its shape. A negative trend will be followed by an ascending trend.

 

This section of the pattern resembles a cup. The downward and upward trends are smooth in a tidy cup and handle. Following the cup is a pullback – this is the handle. If the cup and handle follow the classic pattern, the cup and handle will continue upward. Following the retreat, there is a breakout above the cup's level. It's challenging to play this style of chart, but I have.

 

Gapping Stock Patterns

 

I strongly recommend you to examine gapping stock patterns. Their charts are disorganized and lack any clear trend. The stock price may spike arbitrarily, fall slightly, rise slightly, and then plummet again, and so forth. However, those peaks and dips do not repeat consistently.

While I believe you can benefit from these charts, I strongly advise you not to trade them. There is no way to forecast what the stock will do next because there is no pattern to learn from.

Disassembled Stock Patterns

 

A shambolic collapse begins with an upward trend. At first glance, the chart will appear to be quite tidy (and appealing).

 

Then, seemingly out of nowhere, it will fall. From there, the pattern becomes increasingly erratic, with dips and increases occurring for no apparent reason.

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Here Are Some Of My Favorite Chart Patterns for Penny Stock Trading

Now we're getting to the end of this training article it's true that most trading gurus won't reveal the best chart patterns that they use to make profits in the markets. 

So I'm going to show you some of the best ones that you need to learn and choose from in order to build your penny stock trading playbook.

 

Starting With - 

Head and Shoulders


A chart pattern with a large peak on one side and a slightly smaller peak on the other is known as a head and shoulders pattern. Head and shoulders patterns are used by traders to predict a bullish-to-bearish reversal.

The first and third peaks are usually smaller than the second, but they all return to the same level of support, also known as the 'neckline.' It is likely that the third peak will break down into a bearish downtrend once it has fallen back to the level of support.

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Double Top Reversal

Another pattern that traders use to highlight trend reversals is a double top. Typically, the price of an asset will reach a high point before retracing to a level of support. It will then rise once more before reversing back against the current trend more permanently.

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Double Bottom Reversal

A double bottom chart pattern indicates a period of selling, with the price of an asset dropping below a support level then it will rise to a point of resistance before dropping. Finally, as the market becomes more bullish, the trend will reverse and begin to move upward.


A bullish reversal pattern is a double bottom, which indicates the end of a downtrend and the beginning of an uptrend.

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Cup and Handle

The cup and handle pattern is a bullish continuation pattern that depicts a period of bearish market sentiment before the overall trend resumes its bullish trajectory. The cup resembles a rounding bottom chart pattern, and the handle resembles a wedge pattern, both of which are explained in the following section.

Following the rounding bottom, an asset's price will most likely enter a temporary retracement known as the handle because it is limited to two parallel lines on the price graph. The asset will eventually break free from the handle and resume its bullish trend.

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Rising Wedge Reversal

When the price movements of an asset tighten between two sloping trend lines, wedges form. The two types of wedges are rising and falling wedges. A rising wedge is a trend line that is trapped between two upwardly slanted lines of support and resistance. 

The support line is steeper than the resistance line in this case. When an asset's price breaks through the support level, this pattern usually indicates that it will eventually decline more permanently.

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Falling Wedge Reversal

Between two downwardly sloping levels, there is a falling wedge. The resistance line is steeper than the support line in this case. As shown in the example below, a falling wedge usually indicates that an asset's price will rise and break through the level of resistance. 

 

Rising and falling wedges are both reversal patterns, with rising wedges typically indicating a bearish market and falling wedges indicating a bullish market.

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Rounding Bottom (reversal)

A bottom chart pattern with a rounding bottom can indicate either a continuation or a reversal. During an uptrend, for example, an asset's price may fall slightly before rising again. This would be a continuation of the bullish trend.


If an asset's price was in a downward trend and a rounding bottom formed before the trend reversed and entered a bullish uptrend, that would be an example of a bullish reversal rounding bottom (shown below).
 

Traders will attempt to profit from this pattern by purchasing halfway around the bottom, at the low point, and profiting from the continuation once it breaks above a resistance level.

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Ascending Triangle (continuation)

The ascending triangle is a bullish continuation pattern that indicates that an uptrend will continue. Place a horizontal line along the swing highs – the resistance – and then draw an ascending trend line along the swing lows – the support – to create ascending triangles on charts.


Ascending triangles frequently have two or more identical peak highs, allowing for the drawing of a horizontal line. The trend line represents the pattern's overall uptrend, while the horizontal line represents the asset's historic level of resistance.

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Descending Triangle (continuation)

 

A descending triangle, on the other hand, indicates a bearish continuation of a downtrend. During a descending triangle, a trader will typically enter a short position – possibly with CFDs – in order to profit from a falling market.

Because descending triangles are indicative of a market dominated by sellers, successively lower peaks are likely to be prevalent and unlikely to reverse, they tend to shift lower and breakthrough support. A horizontal line of support and a downward-sloping line of resistance distinguish descending triangles. 

 

The trend will eventually break through the support, and the downtrend will resume.

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The Bottom Line: Begin Your Penny Stock Adventure in Today

 

Congratulations guys on making it this far! 

That tells me you're not thinking about investing in penny stocks today and becoming rich tomorrow. 

Or, at the very least, you realize that trading is more than just buying and selling and becoming a millionaire in 2 weeks.

Penny stocks are not suitable for everyone folks. 

They're volatile, the companies could be shady, and they expose you to a high level of risk as a trader.
 

If you're willing to put in the time to educate yourself and gradually scale up, you'll be on your way to establishing a solid foundation and trading more intelligently.