| | | | | rules. Here are some typically to follow: |
| Big boards, your typical holding period is more than | | | | |
| a few weeks. A typical person will buy the stock as | | | | 1) Which broker / trading company should I use? (we |
| an investment for the future (with such hopes of | | | | will go into some later) |
| making it big for them, or giving them a nice cushion | | | | 2) How much will the broker / trading company cost |
| to retire with). | | | | me? |
| With the big boards, you can just "set it and forget | | | | 3) How fast is the broker / trading company in terms |
| it". By this, I mean that you can just buy the stock | | | | in of execution time? |
| and watch it grow. A great example of this is the | | | | 4) How is the customer service? |
| story of Grace Groner. In 1935 she bought 3 shares | | | | 5) Do they offer call in support? |
| (yes, THREE shares) of Abbott and never sold them. | | | | 6) Do they have a large restricted list? |
| When she passed away this past January (2010), her | | | | 7) What companies are promoting the stock now? |
| estate was worth approximately $7M (yes, 7 | | | | (could be a P&D) |
| MILLION DOLLARS). Groner worked as a secretary in | | | | |
| 1931 at Abbott Laboratories and over the years, the | | | | Remember: |
| shares split many times over causing the dividends to | | | | |
| be reinvested. 7 decades later, the shares were | | | | · Never fall in love with a stock when trading |
| worth over Seven Million Dollars. | | | | pennies, as they will not love you back. |
| Over the years prior to her death, she did sell the | | | | · A profit is a profit (whether it is 10% or 50%, |
| shares and took the money and donated it to | | | | money is money) |
| various shelters and homes around her area, with the | | | | · Always set a stop limit / stop loss (protect your |
| final monies going to a college near her home. But, | | | | assets). You earned your money, mind as well |
| the moral of this story is that you can buy some little | | | | protect it as well! |
| stocks and let it fly for you (imagine what could have | | | | · Buy on rumor, sell on news. Typically a stock will |
| happened if you bought GOOG, AAPL, etc.) | | | | do very well as the rumors fly, but once the news |
| With the big boards, typically, one will not be deemed | | | | comes out, it is just ‘old' and is typically played |
| a daytrader, unless you have a lot of money. | | | | out. So that is the time to sell to maximize on your |
| Someone would need a good ‘chunk of change' | | | | profits |
| in order to play regularly in the big board arena as | | | | The Trend is your friend. This is a saying used by |
| most stocks are typically over $1.00 | | | | just about every promoter out there and trader. |
| Within the Penny Stock Arena everything is | | | | Follow the trend as the upward momentum will allow |
| completely different. Your holdings are typically | | | | you to make more profits. |
| hourly, and rarely overnight or weekly. A person who | | | | |
| plays the penny stocks will typically hold for a short | | | | Happy Trading, |
| period of time to maximize on their profits or limit | | | | Chris |
| their losses. | | | | |
| Hould one follow the ‘set it and forget it' | | | | MyBestPicksEver offers stock newsletters on various |
| theory, then the company you are playing may not | | | | stock plays of the day. MBPE offers news on top |
| be there in a year. Typical penny stocks are shell | | | | stocks, small cap penny stocks and other market |
| companies and do not last long. There are the rare | | | | movers alike. MBPE help investors in making the wise |
| cases where the company is real and just had some | | | | stock market investments. thus far thousands of our |
| bad luck (XM, GNVC, CBAI, etc.) but typical | | | | subscribers made huge gains using our daily penny |
| companies are shell companies. | | | | stock alerts. join our FREE news letter Now Or |
| When playing the pennies think and follow certain | | | | Become a VIP MEMBER.. |