NEWSLETTER
Enter your email address below to subscribe to our newsletter.
Membership Benefits!
- Get Free Stock Picks in your email.
- Penny Stock Picks poised for growth.
- Well researched Best Penny Stocks.
- Hot Penny Stocks can make you rich!
- Get Growth Stocks.
Join now!
- Penny Stock Picks poised for growth.
- Well researched Best Penny Stocks.
- Hot Penny Stocks can make you rich!
- Get Growth Stocks.
Testimonials
"I have been geting stock picks from these guys for a while and they have been dead on for most of these stocks. Thanks for the great stocks."
John Daly
"Very helpful information in all the emails, and think these guys have the best stock picks from any other sites. Would recommend them to traders of all experience."
Jason Fink
Latest Articles
Paper Trading II
Other than taking account of total money investment, the time frame of your paper trading, the criteria in choosing the penny stocks to trade in and determining trading prices, you must also determine your trading activity and the methods of tracking and monitoring your stocks.
For your paper trading to be realistic you must decide what your trading activity would be. This means you have to decide if you want to sell your penny stocks and use the money to re-invest in other stocks. Being able to invest and re-invest in penny stocks is a good way of maintaining realism in trading penny stocks. Just make sure that you keep records of the penny stocks you are investing, selling and buying. Also take into account brokerage commissions every time you buy and sell.
Deciding on how you will monitor penny stock price fluctuations is also important to mock penny stock trading. Make sure that if you decide which way to monitor penny stock prices you would continue on using this all throughout your paper trading and even your real money trading. If you haven't decided which manner to best monitor penny stock prices you can try them all but make sure you keep records of which is best and continue using that to maintain uniformity in your paper trading exercise.
Tracking and recording what you are doing, how your penny stock prices are fluctuating and how the market is doing in general is important to gauge how successful your practice penny stock trading exercise is. It would be best to track and record your starting cash, starting and ending time frame, the factors and circumstances you considered in selecting or not selecting a penny stock to invest in, the starting value of the major stock markets including those of AMEX, NYSE and NASDAQ, your buying and selling of penny stocks and their details (including the particular penny stock you bought or sold, total volume or number of shares of penny stock, the price per share, your total expenses, and the mock broker fees per transaction). Also track down and record the value or price of your penny stocks as they progress per period as well as the cash you have left. For example, if you decide to buy penny stock X in the 1st of July you can decide to record and track the prices of penny stock X every month or every 15 days. So in this case you can record the price of stock X in August 1 or maybe July 15. By carefully recording these data you will know if you are increasing your cash or not.
Also remember to see how the stock market is performing in general. If since you started the stock market dropped to 15% but your portfolio only dropped to 2% then you know you are doing better than the market. Don't forget to include brokerage fees. You may want to consult a stock broker to know how much their commission is per volume and per price. You can also try just deducting a realistic broker fee such as $15 per trade.
For your paper trading to be realistic you must decide what your trading activity would be. This means you have to decide if you want to sell your penny stocks and use the money to re-invest in other stocks. Being able to invest and re-invest in penny stocks is a good way of maintaining realism in trading penny stocks. Just make sure that you keep records of the penny stocks you are investing, selling and buying. Also take into account brokerage commissions every time you buy and sell.
Deciding on how you will monitor penny stock price fluctuations is also important to mock penny stock trading. Make sure that if you decide which way to monitor penny stock prices you would continue on using this all throughout your paper trading and even your real money trading. If you haven't decided which manner to best monitor penny stock prices you can try them all but make sure you keep records of which is best and continue using that to maintain uniformity in your paper trading exercise.
Tracking and recording what you are doing, how your penny stock prices are fluctuating and how the market is doing in general is important to gauge how successful your practice penny stock trading exercise is. It would be best to track and record your starting cash, starting and ending time frame, the factors and circumstances you considered in selecting or not selecting a penny stock to invest in, the starting value of the major stock markets including those of AMEX, NYSE and NASDAQ, your buying and selling of penny stocks and their details (including the particular penny stock you bought or sold, total volume or number of shares of penny stock, the price per share, your total expenses, and the mock broker fees per transaction). Also track down and record the value or price of your penny stocks as they progress per period as well as the cash you have left. For example, if you decide to buy penny stock X in the 1st of July you can decide to record and track the prices of penny stock X every month or every 15 days. So in this case you can record the price of stock X in August 1 or maybe July 15. By carefully recording these data you will know if you are increasing your cash or not.
Also remember to see how the stock market is performing in general. If since you started the stock market dropped to 15% but your portfolio only dropped to 2% then you know you are doing better than the market. Don't forget to include brokerage fees. You may want to consult a stock broker to know how much their commission is per volume and per price. You can also try just deducting a realistic broker fee such as $15 per trade.
Featured Links
Copyright © 2008 zeba5 LLC