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I have been interested in penny stocks for a little time but financially have not been able to invest until now. If someone can give me any advice or about which is the best MetaStock program to use for these types of stocks it would be very helpful! I do get a newsletter about penny stocks, but they never say when to exit a trade. My brokerage account has a stock screener that I can pull up stocks from .00001 of 1 cent but would like to see if there is a way that it can give me help with sell signals. PLEASE HELP!
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Rank: Advanced Member
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The problem with some stocks is that there is not enough liquidity or trading volume, to make a profitable trade!You get a signal and you put in your trade, but the market maker creates slippage and your profit turns into a loss!
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Rank: Advanced Member
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ScorpioMario,
May I ask you which Penny Stock Newsletter are you subscribed too.
Penny Stock trading is very risky, just like what Henry has mentioned to your post.
There is no liquidity and volume, I would not recommend trading penny stocks you will burn your account. Most penny stock charts are very square. be very careful on the pump and dump.
Regards,
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Regards,
Frank Koenig
Trade Like a Pro
Trend is your Friend |
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Penny Stocks
(MetaStock)
by Patrick
2/28/2005 4:32:17 PM(UTC)
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