Trading Stocks consistently

o, you are all set to begin trading in stock markets. However, it is natural to feel apprehensive about being introduced to the world of numbers, stocks, charts and complex analysis. The stock market has for long had the image of being a chaotic and confusing place that is only for seasoned traders in the market. However, all this has changed with the times. The world of stock trading is now open to anyone who has an internet connection and the willingness to begin trading in penny stocks.

Once you have opened the trading account with the stock broking firm, the next step before trading is to inculcate self confidence and remove apprehensions about stock trading. These are the three steps towards achieving stock trading confidence.

Accept the uncertainties and condition yourself
The stock market has its own set of uncertainties. It is highly unlikely that every trading decision of yours will end in profit. There are bound to be some risks associated with stock trading. Instead of fearing these risks, it is important to accept them as a natural part of the stock trading process. It is also important to remember that risk can always be minimized by using some smart trading precautions such as a stop loss or position sizing techniques. It is important to understand your own risk bearing capacity before starting to trade i.e. the amount of risk you are comfortable with taking.

One should never step of one’s comfort zone early on in their trading experience. It is essential to understand that trading decisions should be taken rationally and not impulsively. Keeping emotions to a minimum is important. Gut feel is an important factor no doubt but one must find a balance.

Do your homework

There is undoubtedly a lot of information available on stock trading, endless expert opinion and stock trading software that can help guide you through the trading process. However, nothing can replace homework. It is important to be familiar with the trading terminology, reading trading tickers, fundamental ratio analysis such as the P/E ratio and the Dividends per share. This helps you hone your skills as a stock trader and helps you back up your trading decisions with self generated analysis which greatly helps to increase your confidence in yourself as a stock trader. This also helps you develop an intuition about stock movements which aids in taking better decisions.

Practice makes you perfect
It is true that experience is the best teacher around. When one begins to actively invest in stocks, one naturally learns all the nuances of it, learns from investment mistakes, begins to recognize patterns and trends and also gains knowledge about the reputation and reliability of the stocks of the listed companies. Experience also helps determine one’s risk taking capacity and one can eventually come out of the comfort zone to trade more and trade better. By following these steps one can greatly increase their confidence and hone their skills at stock trading.

OOAG Hot penny stock

This Penny Stock has been on fire recently. Also had some news today which should help it continue to run. Todays news talks about how their revenue can be put into the millions of dollars

OMDA Oil and Gas, Inc. wishes to offer the first in a series of updates on the Concord Dome project. Due diligence on this prospect is ongoing with data being collected from several sources. OMDA is releasing the information as it is being received. Further updates are expected to be reported to the company over the next few weeks which will be released to the public.
The Concord Dome is a reference to an area of about 160 acres in Anderson County, Texas with 18 leases housing a number of existing and currently producing oil wells. Third party reports estimate the long term potential of the existing wells on Concord Dome to yield over 1 million barrels of oil. Surrounding the Concord Dome is a vast area of land in the hundreds of acres which may be available for acquisition by OMDA, and is projected to have as abundant an oil supply as Concord Dome itself.

Accurate revenue projections data is still being compiled but preliminary estimates at current oil prices could place OMDA’s revenue share over time in the tens of millions of dollars. The company will provide a more detailed breakdown as those reports come in.

Can I find hot penny stocks?

Once you get the hang of the basics, you can really start to look at penny stock trading for real. Winning at trading stocks is not a big secret, but it does take perseverance effort, and studying. The analysis is worth it because your choices are a expedient and valuable part of most investors’ portfolios.

Chillin’

A day after MLK holiday and I’m dry,   I didn’t buy penny stocks today. I didn’t buy anything, it just wasn’t happening.  watched a few stock picks from the weekend, had my watch list going but to no avail I had no hot penny stock picks for myself and no one else had any that were reasonable either.

Lets see what tomorrow brings.

Penny Stocks a new blog

Not sure how good the hot penny stocks will be from this blog but they called KATX today shortly after the news and it took off.  Currently fighting resistance from that previous move up.

If you’re interested in trading penny stocks or a penny stock investment I found a great article on how to  buy penny stocks . One of thes days I will delve into a long post about the details of vaious moves on stock charts.

Penny Stock Hunter

This is our new penny stock hunting site. We’ve never had a blog before and thought this would be a great place to being and hunt down those hard to find profitable Penny Stocks. These penny stocks can be elusive to he new trader so you must be careful. Investigate and do your due diligence before you buy penny stocks. This is some must have information before you being to buy and trade penny stocks. Later we’ll get more indepth on what you should look for when buying penny stocks

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