DragonBear

@Mickyatt my mental stop is very like a trailing stop

Mickyatt
Mickyatt Jul 28, 15 7:54 AM

OK. Running with the stop after the price. But what is your risk reward? If my initial stop at the trigger point is 15c I'll not take profit before at list 30 cents. Am I'm doing right?

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DragonBear

@Mickyatt Never use stops on penny stocks your broker will be laughing behind your back because they never take any notice of your stops I use mental stops which is the best way when trading Penny stocks.

Mickyatt
Mickyatt Jul 28, 15 7:47 AM

OK. I trading in CFD so I have no problem with the stops. But still your mental stop... How far it's from your trigger? 5-15c?

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Mickyatt
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Mickyatt Jul 28, 15 6:07 AM

hi Mishkava. i found you the best ticker sniper in this community. I watching your watchlists for a while and in all of them at list one of the tickers did exactly what you predicted it will. I am trying to learn how you find those stocks and more important how you decide the triger for long or short. For example: $XUE - Yes this is another Chinese stock which was up on Monday by 50.63%. http://finance.yahoo.com/video/china-weighs-u-stocks-netflix-173851121.html I would buy this at $5.07 a

Mickyatt
Mickyatt Jul 28, 15 6:08 AM

and look to make $0.20 - 0.70 a share yesterday's high and 52 week high's are $5.04 and my sell target would be $4.57 looking to make $0.20 - $0.50 a share. The High is 5.04 so why 5.07? why you triggered 4.57 as short there is no support there… And the most important question where you puts your stop after entering 10c 20c /??? Thanks in advanced

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DragonBear

@Mickyatt I use different screener form different web sites like Yahoo finance, Finviz stocks to trade and I look for high gainers.

ubitrippin
ubitrippin Jul 23, 15 9:24 AM

thank you for telling us about finviz stocks great site very useful :)

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