penny stock advice

Penny stocks, non-biased advice?

Now I’m no pro stock trader & I know there’s tons of pumpers and scams and inexperienced traders, trading on emotions and hunches..

A lot of traders on STOCKTWITS (in Twitter) offer intraday & swing trade picks which include penny stocks.

http://twitter.com/alphatrends

http://twitter.com/apextrader

Sign up & follow them. These are two of the best.
Other good ones include;
Market Minute (rarely penny stiocks)
TodayTrader

Having said that…… trading penny stocks is really best for traders with 5+ years of experiance.
It’s not the “picks” that make them successful. It’s trading money management. They are successful 50% of the time…. they lose 50% of their trades (on average)……….

Until you understand that…… you don’t have a chance. (as a clue… you’ll notice that none of the successful traders look for big “home runs”)……

Education… always reading good books on trading. Listening to webinars (some of the better brokers have webinars once a week or more…. like ThinkOrSwim)………

Good luck. Take your time…. it will be well worth it.

BTW: http://sacmoney.net/go/site.cgi?m=000095933 is a good example of what to avoid.

Hot penny stock picks