I came across MarketWired and thought I'd pass along the link. Their newsroom is a great place to find business press releases and market news before most people hear it. Often times you can check the companies on Yahoo Finance Stock Center and find the pennies... if you see that the press release was done by a marketing firm or that the release is a public notice that a company is paying to have promotions done you just might find a pump & dump and be able to get it at the same time the insiders are getting in. Then ride the wave for your 10% and bail.
Here's an example of a penny I found on the site. $ECRY it's a low float stock so a bit more risky than I like but to test the theory I've made a small buy of 100 shares. The 3 month chart shows the stock recovering and becoming bullish shortly after press releases began to hit the wires. The stock now sits above the 13ema. I'm going to see if it can hit the $0.25 mark from last summer.
Welcome to my blog. A lot has changed since I started this thing. I'm now trading live after about a year of paper trading and studying. Originally I had planned on starting part time and slowly growing my account but life has a funny way of changing your plans. I found myself at a crossroads of sorts and quickly realized that I was being given a once in a lifetime opportunity to pursue my goals. I took the leap and I'm not looking back. Follow me here and see the triumphs and the losses.
I tend to look for momentum trades that I can hold for anywhere from a few hours to a few days. I usually take positions of $5k to $10k in size to allow larger gains on smaller percentages (it's easier to hit a 1% to 5% gain vs a 10% to 20%+ gainer) and I like to use a trailing stop.
This blog is a way for me to log my progress and to aid me in learning, I hope that you find it useful. Financial freedom isn't given, it is earned. So plant the seeds of education and grow your pennies!