[3 min read]
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Strategic Intelligence Questions
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- (1) What financial market will offer you the chance to learn how to become a successful trader starting with less than $50?
. - (2) If crypto-currencies were banned globally tomorrow, what established financial market may provide you with a similar opportunity to trade profitably, and why?
. - (3) What is the barrier to entry that will prevent most people from being able to take advantage of this financial market?
. - (4) What next step would you have to take to obtain answers to the above questions?
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Key Strategic Extracts from ‘Penny Stock Investing Step-By-Step Guide’
‘What if someone told you that you could buy shares for even one dollar?…. this is where a secret and amazing market comes to light. Penny stock investing is the perfect market for people who may have a tighter budget but who also want to get into the world of trading (p. 6).’
‘What Exactly Are Penny Stocks?…. companies that have a capitalisation of less than $250 million or even $300 million…. below $50 million…. referred to as ‘nano cap stocks (p. 11).’
‘Play the game of trades with a knowledge of your limitations, pushing yourself to become better and take on more tactics available in the trader’s world (p. 123).’
‘… it will take time to add everything you need to. So again, take your time, and remember to revisit the guides and books to brush up on anything that you may have forgotten (p. 123).’
’10 Rules for Penny Stock Trading…. 3. Sell quickly… Lingering in penny stock trading hasn’t done anyone much good except gain loss. Once you have made over 20% to 30% profit, it is a good time to sell (p. 115).’
‘ Do not always believe in gurus…. There is always a truth or reality missing from what they may be saying to keep you behind (p. 114).’
‘And you should trade only if you have $50 to even $300 (p. 113).’
‘Watch and wait. Don’t immediately jump into investing. Instead, take time to practice trading simulations and ensure that you are confident with your strategy (p. 108).’
‘It is best to keep your sights on the decisions and movements of experts in trading (p. 105).’
‘You would want a market cap that falls safely between $50 million and $300 million…. the target price to be 5% above price and the current volume to be above $1 million… preferable to target penny stocks in the US and purchase shares that are under $5 (p. 99).’
‘There are thousands of strategies in the world that you can find and use when you are trading penny stocks, but they will not all work for you… nor the company that you are interested in investing in (p. 93).’
‘…. half hour on learning all that you can about penny stocks as well as the company, then you are way more informed than the majority of traders. That gives you leverage and an edge that most other people don’t have (p. 89).’
‘… former runners, hot sectors, sympathy plays, and news. They all play a role in penny stocks and should be something you will actively keep tabs on (p. 88).’
‘It is important to make sure you completely understand what is going on with a candle chart. Take your time studying them before investing, even practicing out these tools or techniques mentioned via paper trading… (p. 62).’
‘Picking A Stockbroker…. ideal to have one broker instead of three or more, no matter what the temptation may be to add variety (p. 58).’
‘In trading, you will always be learning. Whether it is about the latest trends, technology, or software programs, the world is ever-evolving (p. 37).’
‘Penny stock trading is certainly not for anyone who wants it easy; it’s for people who want to learn (p. 27).’
‘Another common problem that comes with trading penny stocks is the commission fees tagged alongside it (p. 25).’
‘… penny stock trading teaches you about having grit and having the ability to do thorough research with little resources. You might find normal stocks even easier after taking on penny stocks (p. 23).’
‘… normally you cannot find penny stocks on the big exchanges… because they tend to be more volatile and unlikely to meet the requirements to be listed… (p. 12).’
Until the end…
Learn… apply… adapt… plan…
#involgize