I was looking for articles I saved on different ty
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Posted On: 05/11/2017 1:14:44 AM
I was looking for articles I saved on different types of catalyst that move penny stocks, Wikipedia lays out a few basic ones the same ones we are all familiar with.
It was more on the lines of how a little company like QTMM making slow foot steps to success could have explosive climbs from a catalyst not just a basic catalyst, the company had to be in a certain position of solid future footing , A certain specific sector before that could happen. Dang it.
I’ll keep looking.
But I found this that many of you have said already but I wanted to post it anyway. I copied it because I never wanted to forget it during my chase for those companies with very slow foot steps to success.
To succeed with penny stocks, you need to substitute contemplation for impatience. Give the underlying company time to let its business plan play out. As long as it’s making progress, however slow, and the reasons you got involved with it in the first place still hold true, let the shares gradually reflect the improving operational results.
Keep in mind that the slower and more gradual the move up, the more sustainable the higher prices will be. Rapid and sudden price spikes typically don’t last.
The greatest gains in penny stocks come over years, not days. Shares that balloon from 5¢ to $5 only do so over the course of longer time frames, and one winner of this magnitude will trump all the 5 percent and 20 percent profits you may see from decades of trading. But only patient investors have the wherewithal to enjoy these kinds of benefits.
THX
It was more on the lines of how a little company like QTMM making slow foot steps to success could have explosive climbs from a catalyst not just a basic catalyst, the company had to be in a certain position of solid future footing , A certain specific sector before that could happen. Dang it.
I’ll keep looking.
But I found this that many of you have said already but I wanted to post it anyway. I copied it because I never wanted to forget it during my chase for those companies with very slow foot steps to success.
To succeed with penny stocks, you need to substitute contemplation for impatience. Give the underlying company time to let its business plan play out. As long as it’s making progress, however slow, and the reasons you got involved with it in the first place still hold true, let the shares gradually reflect the improving operational results.
Keep in mind that the slower and more gradual the move up, the more sustainable the higher prices will be. Rapid and sudden price spikes typically don’t last.
The greatest gains in penny stocks come over years, not days. Shares that balloon from 5¢ to $5 only do so over the course of longer time frames, and one winner of this magnitude will trump all the 5 percent and 20 percent profits you may see from decades of trading. But only patient investors have the wherewithal to enjoy these kinds of benefits.
THX
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