I’m buying penny stocks to trade fast and not to invest in. Penny stocks often go up 50%, 100% and even more in one day while many of these big name stocks like Apple, Google etc barely move or at most maybe 5% or less in a day. The potential of penny stocks to explode is what attracts me to...
But there is often stocks that go up 100% or more in a day. And many that go up 40% in a day. So if you put all your money or a lot of money in a stock, say $200 into stock XYZ and that stock goes up by 140% in one day because of a FDA approval for example, wouldn’t you have $480 and $280 made...
I often see penny stocks go up in a day by 100% or more. I once got in at the right price at premarket with MSGM and turned $76 into $625 in one day with 10 shares.
Proof
https://ibb.co/dWyTc3b
https://ibb.co/Cs8RvbZ
That's the best trade I have made so far since beginning trading a year ago...
My goal is to make $50 per day trading and scalping mainly in the pre-market.
How much would I need in my brokerage account in order to achieve this goal?
I’m a new investor and trader. One thing that I have been told is volume is an important factor in trading. When looking at a stocks volume for a day, even for a stock that is little known, it’s something like 4 million 300 hundred thousands shares volume for the day. And other stocks have...