I think I have found a new strategy that works 90% of the time. i was at 93k and buy buying penny stock(anything $5 and below) I would look at the days high and low, and when its  close to the days low (in the red) i would look at the Slow Stochastic chart and buy if it was below 20 on the chart meaning the stock was oversold. 90% of the time the stock would go up around 15 cents the next day. with about 9000 shares and 15 cents up it would profit $1350. even if it jumped a nickle i would still make $450. No need for Homeruns. I will take  base hits instead. Just wanted to share my strategy with all my fellow WSS peers.

Thanks Morelli, I'm very happy you found something that works and even happier that you were willing to share!!!!

Go green

I like to stay away from the penny stocks...I am still waiting for a profit from the 100 shares of ABK that I shorted a while back

Thank you very much for thr insight.

                  MOODY22

Interesting, I've never purchased penny stocks, always wondered if that would work, now I know! Thanks for sharing! :-)

Sounds like a great strategy.  I hope I remember it, or can find this thread again.  :-)

I am finally remembering to go through and put stop losses on my trades that are actually profitable and keeping the profit these days.. Today was a wonderful day..lol

And yes.. base hits will garner more runs that homers every time..

I am going to try this too.

beinga baseball fan I like your analogy... but I need a grand slam to get back to 100K LOL

Actually if you get singles 80% of the time and home runs ten percent of the time you wll be more likely to win the big game if you stick with the singles.  Also mentally those who hit the home run often lose iun the end because it makes them reckless in the market thinking they can do it all the time, which makes them over trade and quickly lose it all.

It's worth a shot for me to try.

Where do we find the Slow Stochastic chart it is here on WSS

Smart, ever since I've been placing stop losses I'm no longer logging into my account a couple hours late and finding all of my previous day's work has gone down the drain.

dewdrinkrt78:

Where do we find the Slow Stochastic chart it is here on WSS

You can find it under "advanced charts" under research.   http://www.wallstreetsurvivor.com/Public/Research/AdvancedCharts.aspx 

You can also get them at http://morningstar.com/ and http://www.scottrade.com/.  You don't have to have a scottrade acct to use it.