Prior to my current desire to educate myself about the world of stock and the market itself, I did have success with investing. I remember buying and selling $WRES$ shares back in 2012 and making a nice chunk of change. That was mostly pure luck and having patients to hold a position for several weeks at a time. Today, my mindset is a little different and I am slightly armed with more understanding of investing and "Pennystocking" is all about.
I will begin to document my trades and showcase my gains and losses to show that it is possible if you have the true desire and determination to learn the essentials and stick to the basics. Eventually everyone gains their own style on how they will do things, but the fundamentals need always be static. Maintain a conservative amount of the volume, cut losses quick, sell into the strength/momentum of the stock (or risk getting stuck like I was for a few days on lagging volume).
What you will begin to see, if you wish to follow my "financial journal," are the trades that I have made and minor bit of intellectual nuggets I have picked up from experience, learning from pros and a mix of everything else. I keep everything logged on my Profit.ly account. You should sign up for a free account to start tracking your trades, then later upgrade to get the enhancements for future purposes. So, without further delay, let us jump right into the rabbit hole and flip our world upside down!
My story start off with a petty $100 transfer of funds from my bank account into my stock account. Now, this is a relatively small amount, so gains in the 10%-20% are pretty much not profitable due to commissions from the brokerage firm, so I was looking for big hitters!
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