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Yes It is very risky to trade penny stocks in either direction. I did not hold overnight but once the pump is done....you know what comes next. :)

I have been with Broad Street Trading for a year or so now and they are awesome. They used to allow shorting of almost all penny stocks but they changed clearing firms and do not allow shorting of OTC/Pinks anymore. This is a great trading stratigy to fade the rallys of over-hyped stocks so my...

Nice to see everyone here still....great journal!

All positions closed out. Most at a loss. I am going to reevaluate my trading plan ASAP as this is not working. Journal is on pause. Yaay!!! -One2

So 16 hours later i am going to update with my previous days trades. :p Out 5k GVBP + $693 Out 30k SPNG - $921 Out 20k Beil + $721 Also Added SPPI...and i just found out like 10 minutes ago i added 1600 shares instead of 800...Hmm....I forgot to pull one of my limit orders when market...

Patchie Is right. I just dumped spng with a 900+ loss. Fraud is so obvious with this one. Aslo got out of GVBP with a 700 dollar gain this morning. Trying to dump cors put apparently it is halted. lol. Also out biel + 704

Ya thats why im dumping. If i even can. lol.

Not to much action on friday. Was a choppy day so I quit pretty early. Traded SSO. Got in PreMarket at 33.67...and it went all the way to 33.90 but then it started retreating and i got out with a +9 dollar gain at 33.74. Big money! After that trade I traded faz...You already know how this...

Redemption or Dead Cat Bounce? My account is showing some signs of life today. CVM and BIEL are making me some green. Other Positions are floating closer to the surface. Had one trade today go bad but it was a minimal loss. Tried to play faz after open as it made a higher low. Didn't work...

Yo Yo Yo. Ive been busy here in new york so I havent had to much time to trade. I havent added or suptracted any positions but here it is. SPNG f00ked my account pretty good when they announced a reverse split but I still believe in the co. I know im rationalizing trades but these guys are...

Mom!!!! I am still using etrade. Executions are slow but usually I am not day trading these pennys so it isnt a problem. Also SPNG is pretty liquid so it isnt a problem. Glad to see you here NOD. Hope you are enjoying your vacation. :)

Seems everyone was profitable today but I managed to f00k tht up. :)

So here is todays action... stopped out of INO Swing for a $144 Loss Tried to trade FAZ without success yet again. Out of that trade with a small .11 cent loss on 500 shares -$72 Tried to play AIG and got stopped out. - $113 Also added 15k SPNG at .192 SPNG has a nice reversal...

This stock is moving up on news of 2 of its drugs awaiting phase 3 approval. I have been in and out since 6.3 News is supposed to come out tomorrow or tuesday

Good day.

Hey ET. Here is todays action. Got out of BGMO + $876 I think I may have bailed on BGMO to early as it closed 5 cents away from the HOD on Very strong volume. we will see tomorrow. Tried to trade FAZ but bailed when the thing started hovering 3 cents away from my stop...If i would...

Cool journal and great analysis. Im subscribed. Good luck

Up to 94 views in 2 days. Half of them are probably me. Lol. anyways here is today action. Out 1000 ACAD + $233 Out 300 Faz + $183 I rushed into an SDS trade trying to trade before I had to leave to the airport. BAD IDEA. - $147 on 400 shares. When reviewing the setup I should have been...

Didn't get to trade to much today. Holding 700 in unrealized gains.

Thanks for the kind words Robert. Maybe it will keep the "your just a paper trader" types that seem to flourish on this site out of the thread. lol. I will update the thread in a few. Just got in to my hotel. NYC. wo0t...