$BLSP or any other Ticker for that matter ...With
Post# of 25327
$BLSP or any other Ticker for that matter ...With trading penny stocks comes rules I follow :
Rule #1 always protect profits or investment , but don't jump off a race horse protect initial investment and keep riding that NAG
RULE #2 is the most important tool when trading pennies imo and then understand and master L 2 , DONT TRADE PENNY STOCKS UNTIL YOU DO!!!!!!!!!! Remember they Hide share sizes still
Rule # 3 is so important to understand , Once you have read the filings and have an understanding of what that information tells you , you then can trade it accordingly, day trade or a 2 to 3 day swing etc, and if it dont feel right don't buy it
Rule #4... Go back and look at past awareness days on the stock you thinking of buying off the momo hype and see how it traded will help you also as it will more than likely have the same sellers selling what they have left in most cases ... were they smart traders or morons
Rule # 5 Applies to the Management Team and researching their background looking for both the Good and the Bad , A lot of these CEO s have ran other penny companies and have had a not so good track record. Look for for the obvious signs as this is all part of my Rule #3 on Understanding how to trade it when you start to see the Awareness Start
Rule # 6 Never, and I mean never, invest more than you can afford to lose. It is an expression that has been used thousands of times, and for good reason. If you invest more than you can afford to lose, when the roads gets bumpy you won’t think with a clear head and impulse (and emotional) decisions will be made. These rarely work out in your favor.
Rule #7 ...When a Company CANNOT keep their Information On OTCmarkets.com current or says not available , that is a signal to keep reading before laying out your $$$$$$
http://www.otcmarkets.com/stock/AMBS/company-info AMBS is an example of one that does have current information ....share structure and what what have you
Rule #8 Contact the Transfer Agent , ask for A Updated Share Structure , Find out if they are Gagged by the company our its their policy not to give out that information.You are looking for as of today :
Current Authorized
Issued
Trade able Float <------- the most important... This measures what is out there that can be sold into the market. this will decide how much a stock will be able to run
Ones with over a Billion in the float dont usually go over .01
Rule # 9 Dont Force a trade , money not lost is money still in your Pocket
Rule # 10 Dont Chase Big Gaps I use more than 10% as a Rule of thumb
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