trading

How to Get Started Trading Penny Stocks

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When most people think of penny stocks, they tend to associate them with being get rich quick opportunities at first, then complete scams once they’ve lost all of their money. Complete newbies will often believe the penny stock they’ve read about and are invested in are the next Apple or Microsoft, and most often what ends up happening is they end up losing most or all of their investment because the stock kept sinking and eventually did a reverse split. Even the lucky ones who buy at the right time and have the potential to sell into a rally often don’t do so because they believe the stock will keep going up, and because they’re greedy they refuse to sell and lock in any of those unrealized gains. Virtually all of the big moves a penny stock will make ends up reversing and the overall trend on most penny stocks …

Day Trading For a Living

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Day trading for a living can be a pretty difficult way to earn. You have to start with a rather large quantity of money to even get going, and then you have to survive through the steep learning curve in order to even start becoming profitable, and earning a living. This can often take 6 months to a year, and most traders don’t make it through which leads to a 90 percent or higher failure rate for those who attempt day trading.
The reason why the learning curve is so steep is because you have to learn about how the market works, how to actually use trading software, and how to read and analyze stock charts. This is a fairly broad range of information that you have to become intimately familiar with before you go into live day trading. There are fundamental and technical analysis techniques to learn so that …