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Where to Find The Hot Penny Stocks


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Where to Find The Hot Penny Stocks

Where to Find The Hot Penny StocksTraders interested in trading hot penny stocks and booking profits need to know where to find the hot penny stocks that have the potential to make significant gains in a short amount of time.  No matter what overall market sentiment is, there are always hot penny stocks that can be traded to make profits.  The key is finding the hot penny stocks and timing the entry and exit points for hot penny stock trades to make money from their price movement.

There are many places on the Internet to find the hot penny stocks that are garnering the attention of penny stock traders.  Numerous penny stock picking websites, such as StockRockandRoll, put out tips on the hot penny stocks that penny stock traders are trading or will soon be trading.

An interesting place to find the hot penny stocks is penny stock message boards on which penny stocks traders share penny stock tips regarding the hot penny stocks that they are trading.  Not only can a penny stock trader read about the hot penny stocks on these open message boards, but they can also ask questions of other traders and even share their own hot penny stock trading tips.  Posting on the hot penny stocks message boards may require signing up and paying a subscription fee, but it can be well worth it if participation on the message boards leads to winning hot penny stock trades.  The hot penny stocks message boards include, but are not limited to:

Investors Hub Day Trading Penny Stocks Tip Boards

Silicon Investor Day Trading Penny Stocks Tip Board

How To Trade The Hot Penny Stocks

To trade the hot penny stocks, penny stock traders need Level II Quotes that provide all of the best bid and best ask quotes and the associated order sizes for the hot penny stocks.  Knowing where the other penny stock market player’s bids and asks are in a particular hot penny stock is crucial to being a successful penny stock trader, especially when trading the hot penny stocks.  A hot penny stock trader needs to know what bid or ask is available at a particular moment in the hot penny stocks to either initiate or liquidate a position.

Trading strategies for trading the hot penny stocks are more geared towards momentum trading than buying and holding hot penny stocks for a long term trade or investment.  This is because the hot penny stocks often make sharp moves higher as momentum penny stock traders pile into penny stocks once they start making a move higher.  Momentum trading the hot penny stocks involves buying and selling a position after a certain percentage gain is achieved, which is a trading strategy that is known as scalping.  Some traders will sell a portion of their holdings in the hot penny stocks to book profits and hold some shares for the potential that the hot penny stocks will continue to move higher.  If a penny stock trader finds hot penny stocks that quickly double, they can sell half of their shares and hold their “free shares” for even greater potential gains.

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