Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,327.33 today. Intermediate and long-term traders remain in a long position.
Category: General
Penny Stock Basics - High Risk, High Reward
Today's guest blogger is PennyStocksVIP. They have kindly offered to share sections of their members' only PDF with our blog visitors today. Although risky, penny stocks have a certain charm. These excerpts will share simple definitions and information about these high risk, high reward stocks. Learn more about PennyStocksVIP and their complimentary alerts.
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What are Penny Stocks?
First, let us define what a penny stock is. While there is no real definition that is commonly agreed upon, how investors behave with certain stocks give us clues. Most stocks trading at below $5.00 are treated as Penny Stocks. This, even though being the mist defining of the criteria, is not all there is to look at. There are three major guidelines to follow to see if you are looking at a Penny Stock.
1) Price per share: As mentioned above, the trading price range helps determine if a stock is a penny stock. The lower it is, the closer it is to being a Penny stock, although there is no exact point when this happens.
2) Markets: Depending on where a stock is traded, such as Over The Counter Bulletin Board (OTC-BB), Canadian Venture Exchange (CDNX) or Pink Sheets, it may categorize a company as a Penny Stock. As Penny Stocks trade on different market exchanges, one will need to know where their stock of interest is trading before setting up an order. Continue reading "Penny Stock Basics - High Risk, High Reward"
Gold Alert!
Short-term traders enter a long position on a Green Daily "Trade Triangle" @ $1,347.88 today. Intermediate and long-term traders remain in a long position.
Poll: Where is gold going next?
October has been a busy month for gold. First, it hit a record high on October 18th at 1386.72 and gave all of our gold bugs reason to say I told you so. Then, earlier this week gold took a small dive prompting an exit signal via the "Trade Triangles" for short-term traders. Here at MarketClub, we've been hearing talk of a gold bubble, but what do you think?
Loading ...We invite you to tell us what you think about this market that has everyone talking.
Every success,
The MarketClub Team
The Power of Money Management
We have all heard the tale of the Tortoise and the Hare, wherein Aesop teaches us the lesson that "slow and steady wins the race." Like wise in trading, consistent, steady profits and solid money management translate into a winning portfolio. With us today to share his thoughts on money management is Mark Hodge, Head Trading Coach at Rockwell Trading. After you have read Mark's take on this important facet of market success, please share your thoughts, comments, or questions below.
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In my experience very few traders truly understand money management and how to use it. This is unfortunate. I’d argue that money management is the single most influential factor on your financial growth as a trader. Using the example below, I’ll even show you how you can double your trading account in less than a year, averaging only $125 a week. Continue reading "The Power of Money Management"
