If you going to add Options into your Strategy, I suggest opening a second Broker to handle that not all Penny Stock friendly brokers are good for Option Trading. I suggest TradeKing if you want to Trade Options, for Penny stocks TradeKing might not be the best because the commissions are high.
TradeKing offers 4.95$ trades on anything above 3$ i think read to make sure, and 60cents for options contracts that is super cheap compared to the fees at Scottrade. I use both one for Penny stocks and Options on the other.
Another thing I like about TradeKing is that they have an awesome educational center on the website that goes deep into options strategies that are easy to understand.
If you have an IRA account or Roth any type of IRA, I suggest you look into Options Trading to build extra tax free wealth into your IRA account. Some companies even offer you 4:1 match of what you trade (e.g. u put in $1,000.00 they match u $4,000.00), so that = FREE $$$ just something to think about.
why let your IRA sit and collect dust when u can trade Options with it and build wealth? remember TradeKing is one of the best options brokers IMHO.
GL Trading. =)
Great Mining contracts!
Sunday, July 6, 2014
I am Liking Options Trading
Risk: in Options are huge, but that is the thrill of the hunt.
Options are good as a blanket of breaking even. better to break even than end up with 0 better to be 0 than -50% its not to bad but still a dig to get back to 0% and into the green zone again.
I used to be all about Penny Stocks too but now I am realizing that if I put all my eggs in one basket than how can I become a better trader?
There are so many ways to do business in the stock market. As a buyer/seller we are participating in the markets as individual business owners. initially over time if you master this craft than you decide how much you want to get paid.
it all starts with a plan and takes mastering one step at a time. you will only get from this as much as you are willing to put in as far as dedication goes, not addiction. but Focus and Planning the move to wealth building.
I think its interesting how Options work. in the lowest tier it is kind of hard to make money, it feels like boot-camp. but I feel that if I can pass all 36 chambers and become a master of basics, then I will be able to use more advanced techniques but that does not stop me from studying what I can not trade yet.
Options are good as a blanket of breaking even. better to break even than end up with 0 better to be 0 than -50% its not to bad but still a dig to get back to 0% and into the green zone again.
I used to be all about Penny Stocks too but now I am realizing that if I put all my eggs in one basket than how can I become a better trader?
There are so many ways to do business in the stock market. As a buyer/seller we are participating in the markets as individual business owners. initially over time if you master this craft than you decide how much you want to get paid.
it all starts with a plan and takes mastering one step at a time. you will only get from this as much as you are willing to put in as far as dedication goes, not addiction. but Focus and Planning the move to wealth building.
I think its interesting how Options work. in the lowest tier it is kind of hard to make money, it feels like boot-camp. but I feel that if I can pass all 36 chambers and become a master of basics, then I will be able to use more advanced techniques but that does not stop me from studying what I can not trade yet.
Friday, July 4, 2014
Dividends are good for diversification.
IMHO I think dividends are great to keep you up. especially if you find a mid cap stock that has hit bottom. with a nice up trend back to 52wk highs and beyond which in turn will increase the % of dividends you receive.
just a thought...GL
just a thought...GL
Thursday, July 3, 2014
JULY 8th 2014!! Pot Stocks Get Ready
Pot Stock Holders,
Get ready to possibly see some action here soon. July 8th 2014 Washington State pot shops open for business. People that don't even smoke the shit will probably go to the store just to say they bought weed legally.
Remember be just as responsible as you were when it was illegal. Drive safe if you live in Washington the DUI ratio for smoking will probably be High for the rest of the year as well as the drivers, lol.
I cannot guarantee that any of these stocks will stay around forever as with a lot of penny stocks its a 50/50 chance that they will go anywhere. but a handful of these small companies will probably surprise the non believers.
Good Luck on all your trading. Remember the 8th of July.
I am personally keeping an eye on $PMCM, $PHOT, $DEWM, $GRCU, $AGTK whenever i am in doubt I remind myself, Haters Love Me lol jk ***Get Smoking Supplies*** Click Here
Get ready to possibly see some action here soon. July 8th 2014 Washington State pot shops open for business. People that don't even smoke the shit will probably go to the store just to say they bought weed legally.
Remember be just as responsible as you were when it was illegal. Drive safe if you live in Washington the DUI ratio for smoking will probably be High for the rest of the year as well as the drivers, lol.
I cannot guarantee that any of these stocks will stay around forever as with a lot of penny stocks its a 50/50 chance that they will go anywhere. but a handful of these small companies will probably surprise the non believers.
Good Luck on all your trading. Remember the 8th of July.
I am personally keeping an eye on $PMCM, $PHOT, $DEWM, $GRCU, $AGTK whenever i am in doubt I remind myself, Haters Love Me lol jk ***Get Smoking Supplies*** Click Here
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