Penny Stocks Pick

Day trading here fastmoneyinsider.info is great place to get started day trading stocks especially penny stocks (get some totally free picks here). Why penny stocks? because penny stocks are cheap so you don’t need a lot of capital for day trading them and penny stocks offer some crazy breakouts as you can see in the video above. A disclaimer about day trading though, there is always a risk to your capital so trade safe (always use stops and book profits).
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www.daytradingrobot-review.com
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Question by eric guzman: I need reading material for investing into penny stocks and day trading?
I want suggested reading material about day trading and penny stock investment, any good books? Thanks for the help.

Best answer:

Answer by A nobody
Penny stocks are NOT considered by any one as an investment vehicle.The are fun to trade but never never buy them for an investment.
There is a World of difference between penny stocks and day trading.

Here are some websites that will help you with penny stock

http://www.smallcapinvestor.com/

http://www.stockwire.com/

http://alphaking.com/

http://www.otcstockexchange.com/

http://www.mcapstocks.com/Default.asp

http://www.pinksheets.com/pink/quote/index.jsp

http://ragingbull.quote.com/cgi-bin/static.cgi/a=index.txt&d=mainpages

http://www.swingtrades.com/

Here’s the “day trading” rule that you will have to follow as a day trader who has been tagged as a pattern trader
The rules adopt a new term “pattern day trader,” which includes any margin customer that day trades (buys then sells or sells short then buys the same security on the same day) four or more times in five business days, provided the number of day trades are more than six percent of the customer’s total trading activity for that same five-day period. Under the rules, a pattern day trader must maintain minimum equity of $ 25,000 on any day that the customer day trades. The required minimum equity must be in the account prior to any day-trading activities. If the account falls below the $ 25,000 requirement, the pattern day trader will not be permitted to day trade until the account is restored to the $ 25,000 minimum equity level
The rules permit a pattern day trader to trade up to four times the maintenance margin excess in the account as of the close of business of the previous day. If a pattern day trader exceeds the day-trading buying power limitation, the firm will issue a day-trading margin call to the pattern day trader. The pattern day trader will then have, at most, five business days to deposit funds to meet this day-trading margin call. Until the margin call is met, the day-trading account will be restricted to day-trading buying power of only two times maintenance margin excess based on the customer’s daily total trading commitment. If the day-trading margin call is not met by the fifth business day, the account will be further restricted to trading only on a cash available basis for 90 days or until the call is met.

In addition, the rules require that any funds used to meet the day-trading minimum equity requirement or to meet any day-trading margin calls remain in the patter day trader’s account for two business days following the close of business on any day when the deposit is required. The rules also prohibit the use of cross-guarantees to meet any of the day-trading margin requirements.

Judging by the wording of your question, you are not ready to “day trade” and reading about will not help you at all. You first must understand the markets and the products traded in those markets, also you should understand the rules that govern those markets and the products traded

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AT&T Insider Trading Found at T Stock Price US.97 – US.32 in 90-Day
VANCOUVER, British Columbia, July 7, 2011 /PRNewswire-Asia/ — Insiderslab.com announced critical alerts on Penny stocks or Blue Chip stocks with significant insider trading signals today for the following companies: AT&T , QUALCOMM , Dell , Discover Financial Services , Gilead & NetApp . As an example, during the last 90-days, C-Level Officers and Director s of AT&T Inc. sold their shares at a …
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Ask the Experts: Penny stocks’ trades don’t make sense
Want the lowdown on penny stocks? This week, Jeffrey DeBoer, president of DeBoer Financial Group in Roseville, gives his, er, two cents’ worth on investing in penny stocks and answers a trivia question on crude oil.
Read more on The Sacramento Bee

Industrials Lift the Dow, But Banks Lag Behind
Industrial shares paved the way higher on Wednesday, but a retreat by big-name banks capped the gains for the blue chips. 
Read more on FOX Business

Stocks Stuck in Neutral After Five-Day Run
Wall Street took a breather after the best winning streak in two years as traders weighed fresh euro zone debt concerns and relatively upbeat economic data. 
Read more on FOX Business

Question by Impeach Obamafour: How do you make a Account for ‘Penny Stocks’?
I don’t know what the MIN age for day trading penny stocks, i’m turning 16 in end of this month and i like to learn how i see everyone else make 100%-1000% a day or week for some and i like to do the same thing. How do you open a account and make a lot of money? and a another question, what the Time you have to do that stuff? is it anytime or between 9:30AM to 4PM or what is it. i trying to learn and what the rules are. any help plz? =)

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www.AtomicTradePro.com
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Question by Robert Gemmell: trading penny stocks for fun?
I have recently found myself with a little bit of a windfall that I would like to have some fun with.

Im new to investing but I have always been interested in the game.

I know that the first rule of penny stocks is DON’T TRADE IN THEM, but there is no looking over the giant gains in percentages that they can have in day trading. I know they are extremely volatile and a horrible investment over the long term, but I’m on winter break from university and with a little bit of extra cash I was thinking of playing around with them and seeing what happens.

I am thinking of setting up an e-trade account, how much do they charge per investment into something like this, do they even allow investors to play with under 5 stocks.

What do I do?

Best answer:

Answer by Ryan M
Rule #2 of penny stocks: Seeing those large gains are one thing…..being able to unload a position AFTER a large gain is another. Remember, in order to sell a stock, there MUST be a buyer. Any investor with more than 2 hours of experience will never buy a stock after a large gain.

However, you seem to know the risk…so good luck. E-trade will charge between $ 8-10 per trade and yes they will let you trade in as many OR as little stocks as you wish.

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tradingtipsnow.com Trading Penny Stock with out using a Scanner is like setting your self-up to get ripped off. In the harsh world of Penny Stock – My Scanner is the only friend I have.

GET MORE INFORMATION HERE – ulike.ws Daytrading means training of getting as well as selling fiscal tools from the identical investing day so that almost all roles usually are shut prior to industry shut for your exchanging day. Merchants which be involved in day trading are classified as active dealers or perhaps day time traders. A few of the additionally day-traded fiscal tools tend to be futures, stock options, values, and also a web host associated with futures trading contracts for example equity list commodity, interest futures trading, and also item commodity. Daytrading was previously an action only at fiscal businesses as well as skilled traders along with speculators. Indeed, a lot of morning traders are usually bank or purchase organization staff being employed as authorities within equity investment and fund operations. Even so, with the advance of electronic digital trading and border buying and selling, day trading investing has become increasingly popular between at-home traders.
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Question by aegis_handyservices: on-line, penny stock,day trading question?
Seems lke a couple of years ago I was reading about some seniors who were having a ball doing small trades- some even made a few dollars.
Anyone with a little info about this…like is it safe, still going on & how would a person get started ?

Best answer:

Answer by dredude52
The problem with penny stocks are that they are so easily manipulated. Added to that, they so easily go out of business, compared to those listed on reputable exchanges. Therefore, your risk is immeasuable, and way out of line with reality.

If you want to have fun while losing your money, go to Vegas.

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tradingtipsnow.com Trading Penny Stock with out using a Scanner is like setting your self-up to get ripped off. In the harsh world of Penny Stock – My Scanner is the only friend I have.

Question by msande2: Can I buy and sell penny stocks on the same day of trading?
Does anyone know what the holding period (if any) there are for these stocks? Can I buy and sell same day?

Thanks
Mike

Best answer:

Answer by Christian Brown
There are no extra conditions on penny stocks for how long you must own them. You need to have at least $ 25,000 in your brokerage account in order to daytrade more than 3 times in any 5 day time period. If you do not have $ 25,000 and you daytrade too many times your account will be closed and you will not be able to trade securities for 90 days. (SEC rule, not mine).

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