And when a stock is TRADING LESS THAN A PENNY … you don't need a large account to take advantage of these opportunities.
You just need to know the 'why' behind the move and have a plan.
So if you think these types of gains are impossible for your small account, see how much capital Tim Sykes used to trade this runner and make 20%. Learn from the master of OTCs below…
If you follow Tim Sykes, you know he loves Breaking News Chat alerts. And he didn't miss his chance to capitalize on CMGR.
He bought it when it was grinding to new highs after the Breaking News Chat team alerted the stock's spike and premarket press release. The PR hyped the company's promo deal with NFL star, Rob Gronkowski.
Sykes made $594 on his trade. And while that might sound like small profits, that's a 30% gain! And he wasn't done yet…
When CNGR kept climbing higher and proved it could spike, Sykes dip bought when it finally pulled back from its highs. His goal was a 10%-20% bounce. And he made $830 or 15% on his second trade.
Think those gains are impossible for your small account? They're not…
Sykes only used $1,980 in capital for his first trade. On his second trade, the stock was trading at a higher price and he used $5,530 of capital.
Another True Penny Stock Spiker
The next true penny stock runner was Exela Technologies, Inc. (NASDAQ: XELA). We talked about his one in Pre-Market Prep and the SteadyTrade Team. And like I said, I don't like true penny stocks…
But if trading them works for you, by all means, trade them. The Breaking News Chat team alerted the company's PR in premarket. And it worked out great for traders who got the news alerts early.
That's why I prefer to wait until day two. Because for me, multi-day runners have been working the best in this market. And they have the potential for more explosive moves.
CMGR and XELA show you how penny stock news create a buzz that can send stocks higher than you ever thought possible…
But whether you trade OTCs, true penny stocks, or higher-priced listed stocks — the rules stay the same.
We trade the news and momentum, we never believe it. Penny stock trading isn't a buy-and-hold strategy.
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*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
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