Earning a cent is tough and you realize this when you start doing trades in penny stocks. Assume that you got your dough with which you can buy a 1k shares of a penny stock at rock bottom price. But, your festival does not end with this. You need to sell these 1k stocks at a little bit higher price. Only then the difference makes you and your near and dear ones make happy. However, it is not that much easy as I have written here. It needs you to study a bit of what stock to buy, its movements, volumes, and extra impact regions, if any, on that particular stock. Before you hit the buy or sell (short sell) at a particular price, you need to check the band in which the stock has been moving so far. Ask yourself whether this is the right time to buy or sell?
As per my experience, most of the times, I happened to took all the above precautionary measures but still lost my dough! Precious dough! Without which I cannot buy anything on stock market! I told above, I checked the band more than 3 times before I hit Buy/Sell depending on the movement of the stock. I don't know, really, whether it is the play of my bad luck or anti-analytical thinking of so called brain, after I did my trade, quite often the stock moved in opposite direction pushing and putting me in a corner. Although, I set Stop-Loss, yet I have to lose some percent of my dough, which I think should not happen, frequently.
How to set and execute profitable trades, increase the quantity of my dough, and celebrate the positive happening?
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