This Market is crazy, the Dow is trading all over the place… so if you’re wondering what to do, I’ll give you One Critical Tip! – PowerPoint PPT presentation
1 Penny Stock Research Trading Penny Stocks? Not In This Market! 2
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Hi, My name is Aaron and Im with Penny Stock Research, today were reviewing our recently published article
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Trading Penny Stocks? Not In This Market!
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This market is a mess.
Ive been warning you about this market a few weeks ago I told you to lighten up and many of you did.
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I even released a special alert on our Facebook page the other day if you didnt see that important alert, you can find it here
https//www.facebook.com/PennyStockRes
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If you look at the market over the last few days, youll see just how crazy its been. National news media is beating the drumbeat of fear into the investing public.
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Weve seen massive outflows of investor money from the market and I think its going to get worse.
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Were rolling into the September and October months, which traditionally are incredibly volatile.
So whats a penny stock investor to do?
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One Tip How To Trade Penny Stocks in This Crazy Market
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Are you ready for this tip?
Dont.
You read that right.
Dont trade penny stocks in this market.
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Dont try to day trade the market dont try to pick the bottom, dont try to catch the rebound. Just stop trading.
Yes, thats crazy advice but its the right advice.
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Look, if you want to pick up super cheap SP 500 stocks and buy deep dividend payers sure, you can probably get a few at a discount in todays market.
But for now with penny stocks keep things simple.
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Stop trying to trade. You should have lightened up a few weeks ago if you didnt, do it now. Dump your big losers yes, tax loss selling at its best.
Any stock acting funny dump it. Any stock missing quarterly numbers... dump it.
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Then make a list. Focus on your best of the best... and watch them closely.
If you use stop losses, tighten them up on your winners the worst thing you can do is ride a winner to a loser in this market. Sell first, buy later.
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BONUS TIP When To Buy Penny Stocks In This Crazy Market
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Once youve raised some cash
Now you need to start building your shopping list. Start looking for those great stocks that got destroyed in the market downturn.
Identify them and watch them closely.
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Once you see the indexes turn higher for a few consecutive weeks (YES WEEKS), youll know that the market run is back in place. Or if the markets continue their slide lower, youll be able to get these stocks at an even bigger discount.
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Is trading this market rocket science? Not at all Just use your brain and dont get caught up in the short term swings. So how has your portfolio held up? Have any of your penny stocks survived the downturn? Let me know on the blog.
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