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Create a Penny Stock List To Provide a Trading Edge

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Savvy Traders Create a Penny Stock List

penny stock listSavvy penny stock traders create a penny stock list to track penny stocks that they wish to track for future trading opportunities.  A penny stock list is a good way to ensure that future penny stock trading opportunities are not lost during busy trading days, and penny stock trading opportunities are acted upon in a timely manner.

Active penny stock traders come across many potential penny stock trading opportunities each day, some of which are not immediate trading opportunities.  Without some method of tracking future penny stock trading opportunities, penny stock traders may miss future trading opportunities and profits.  This is why creating a penny stock list is essential to track penny stocks that have the potential for future gains and profits.  The list can also be used to track target prices for exiting currently held penny stock positions.

Penny stock trades that are worth tracking on a penny stock list include a number of different types of penny stock trades.  Penny stocks that consistently trade within a trading range can be tracked on a penny stock list to alert a penny stock trader when a buying or selling level within the trading range has been reached.  Penny stocks that have pending news at a future date can be tracked to ensure a position is opened or closed around the news event.  Penny stocks that have a history of making moves during certain times of the year or political events can be tracked to ensure a position is opened or closed around seasonal or political events.

What a Penny Stock List Should Include

A penny stock list should at the very least include:  the stock symbol, the current stock price at the date and time the stock is added to the list, the reason the stock was added to the list, and a price that appears to be a good level to initiate or close a position.  The stocks that are added to the penny stock list should then be tracked in real-time to determine if the reason it was added to the list has been met.  Serious penny stock traders may wish to use sophisticated penny stock tracking systems that provide automatic real-time alerts when price levels are reached or news is released for penny stocks being tracked.  Being an organized trader, by creating a penny stock list, can lead to better trading decisions and ultimately more penny stock trading profits.

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