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I'm going to go over very simple steps to get
the novice investors started.
1. Open a brokerage account. Most people use online brokers such as Ameritrade or Etrade. They provide fair commission prices and simple screens for trading. A brokerage account is a like bank account that you fund that allows you to buy and sell stocks.
2. Determine your objective. Do you want to day trade or invest. Day trading or short term trading will require more time and more focus on the stocks you want to trade. A longer term strategy will not determine as much time but should involve more research in the companies you plan to invest in.
3. Once you have your objective determined, buy the stocks you like. Stop losses or an exit plan should always be in place when buying any stock. An exit plan minimizes losses and helps profit profits to the upside.
4. A good place to research companies is Yahoo Finance, Big Charts, Pink Sheets.
Penny stocks are stocks that have low price and market capitalization and traded outside the usual market exchanges. Penny stocks are considered as highly risky and speculative due to their small capitalization, large bid ask spreads, lack of liquidity and limited disclosure and following.
The real secret is lots of hard work and hours of research. After years of trading I have developed a system to find penny stocks that are pose to break out. Discover why thousands of subscribers have join Stockegg.com
Identifying chart patterns using technical analysis to provide the best trading opportunities. Penny Stocks follow certain patterns that if spotted early can result in huge gains.
I Analyze daily market activity and providing members with penny stocks to watch each day.
Bulls make money, Bears make money, pigs get slaughtered.
Our recommendation is to never invest with more than you can lose. Small Cap Stocks can pose significant risk to your capital.
* % based on intraday high