Thanks Luc this answered a lot of my questions I had about penny stocks.
Do you do any regular stocks? I dont see u mention those at all
Also could you do a video on how you got started trading and how you learned/developed your strategy
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I rarely trade the bigger stocks, and often when I do, its just to trade an option on one making a big move.. However every January I trade the big stocks for one month. I take a break from the penny stocks and I try some new strategies that I have thought about all year, for the bigger market. The plan is if I can make more cash in january than I can make in penny stocks, then I will make the switch permanent.. But I always have ended up coming back to my penny stocks..
Luc I spent years trying to trade US futures. Like you wanting to trade larger stocks, I would like to eventually get back to futures one day, and I think I know what I need to do now to trade futures successfully.
E.g., the emini-S&P(ES) moves in 0.25 increments/tics. Each tic is worth $12.50. There are four tics in 1 ES point. SO that means to trade ONE contract, I would need a certain amount of money(current price of the ES * 4 * 12.50). SO it will be a while before I get that much money :(
This number will be much different than the typical $500 margins that brokers give you for one contract.
Yup I hear you.. Each year when I try those bigger stocks, I do make money, just not as much as with my pennystocks.. So I return.. It's a different beast, with different risks, and profit potential.. I need a fool proof strategy to stick it out against all the algos.. But ill get there, others do it.