Trade Extreme Penny Stock Trading For Big, Fast Profits
Mark Crisp
15th April 2008
Here's what I have been doing in the past few months finding and trading some low priced stocks $2-$10 range.
BPAX+29% or $1 in 3 days
COIN+22% or $1.4 in 2 days
COIN+57% or $4.1 in 3 days (got lucky on this one) I'll explain why in the book
NCEN+16% or $0.50 in 3 days
YTBL.PK +76% or $1.60 in 4 days
BPAX
COIN
GBRC
YTBLA
Notice this:
- We have been in a bear market during this period. You have to shorten your time frame during bear markets. But it proves this method does make $$'s in a bear market.
- It goes long (buys and sells only) No shorting of stocks involved.
- I set it up only to trade stocks in the $2 to $10 range. Why? Because I wanted to buy thousands of these shares at a time whilst not having huge risk on my total portfolio. Feel free to go in with any price range you feel.
- It's very short term in nature. You are looking at 1- 6 day range. Give or take a few days occasionally.
- It's very selective. Whilst there have been a couple of losing/breakeven trades what I find is by applying my rules I scratch off most stocks on my list. It seems only about 2-5 per month actually go onto make trades. But look at the returns. 2 trades per month at say 30%+ profits on say $10,000 is ok in these market conditions. (Until the bull returns and we can get back to making some real $$$'s again)
This is not a padded pout book explaining trading basics, money management, psychology, T.A. of trading, patterns etc.
Mark,
You let me in on this method before it was released to your list. After watching a few stocks, and deleting them as you put it I finally got a trade in BPAX. I made $1 profit. On 2,000 shares in three days. But what I love about it is it makes sense and like you say it is very selective. Most stocks are deleted as they fail your rules but the ones that make it seem to make great moves. Well done and thanks for letting me in on it.
Brian Dennis
I Show You:
- The scan you use, oh and the web site you will have to subscribe to in order to use this scan. It's $7 per month. Unless you know of a free stock scanner that can do this scan (let me know). FOREWARNED: You need to use an extra service at $7 per month to scan for these stocks. I'll give you the exact scan to use.
- When you have a list of stocks. And what I have seen is you will get about 6-12 per day. Quickly “eye ball” these stocks and I tell you what you MUST see. If you don't see it scratch it. It's a quick process and will eliminate 80% to 90% of your stocks if not all of them. I told you it was selective.
- When you have some “potential” stocks chart them. You can use my stressfree charting software or ANY other charting package. Now you have to wait and watch each day.
- I'll give you the exact rules that either triggers a buy or, again, eliminates the stock. Most days you will not have stocks to trade. This is about finding those 2-4 great opportunities per month. NOT active trading every day, every stock that shows some life. (A sure way to overtrade and lose money in my experience)
- I give you my simple exit strategy. Again this is not a mechanical system but a method. Feel free to add, “tweak”, on entry and exits BUT not on the “scanning” and set up process.
I'll tell you how I came across this method and the “mindset” behind why it works. Trading is more about what the masses or big buyers are doing and thinking rather than complicated technical jargon.
If it is something you would like to look into, implement, or you are plain curious about how it works then give it a go.
15 page Adobe report describing the Method, with examples on all stages, in detail.
NOTE:
On the 9th April GBRC.PK stock showed up and passed my tests. I got in shortly after and am up over 60% so far in a few days. It' s a $3 stock. Could you buy 1000, 2000 of these for the profits?
No system works for-ever and no method works all the time but right now this method is working that's about all I can say.
$100
Pay here:
Delivery will be via email within 24 hours Monday – Friday.
Sincerely,
Mark Crisp