Recent content by TraderDave

Gains and losses from selling securities from being a trader are not subject to self-employment tax regardless of whether structured as an individual or entity. If you structure and conduct your business appropriately as an entity you can legally avoid tax on a lot of the profits. This can be a...

You can find and trade good penny stock using scanners that id price movements and volume. If you only trade stock with daily vol over 1M there is usually enough liquidity to trade in large enough quantities for the small investor. You would want to 1st define penny stock as many refer to penny...

My view is if you can't turn the $1200 into $12000 you cant turn $25000 into any meaningful profit either. Stick with your $1200 until you learn. I recommend paper trading until you figure out your mistakes and how to correct them. If you do have a solid strategy in place, place your trade when...

Use Simple Trading Rules and your success will change. Here are a few of mine. Have a good risk to reward ratio, risking 1 point and making at least 1 with a potential to make 3. Trades that make less than the 1:1 are not going to be profitable in the long run. Trade stocks that have a high...