One of the most common questions I get is "How much money do I need to get started trading?"
First of all, this is the wrong way to approach trading.
To start trading, you need to start learning, researching, studying, and consuming as much content as you can.
Maybe you are thinking, "Well, I only have $100, $50, $200," and that's fine.
Keep working and keep saving your money.
In the meantime, focus on learning everything you can about stock trading.
At InnpennyStock we also strongly advise you to sign up for a free demo on a real trading platform.
You can go to suretrader.com, sign up for an account and with zero risks you can utilize a real trading platform that allows you to get started trading.
Obviously, there's no risk to you and although there are no real profits coming your way, you are still learning, ...
In the previous post, The Best Stock Trading Patterns of 2019, I discussed three important strategies that we use at InPennyStock in order to be a successful trader:
Here, we are going to look at the trading tactics that are working.
Day trading is when you buy and sell a stock within the same day.
There's a rule established by the government called the PDT rule, or the Pattern Day Trader rule.
What it does is limit traders from being able to do more than four trades in a five-day period.
Many day traders don't take it seriously, they just buy and trade random stocks that they receive an email or an alert about.
Just like anything else, stock trading is a skill and the more you learn about it, the more you refine it, and the more you practice it, the...
There are several different ways for traders to be successful and to make profits off of the stock market.
Regardless of your background or your experience, it is essential that you know what pump and dump schemes are, what the double catalyst rule is, as well as a new rule I've found that works really well in our current market.
Despite the fact that Wall Street has heavily invested in making the stock market appear overly complicated, it is actually not so difficult to master the techniques.
The key lies in understanding the methods that people are using and which ones are working today.
The most classic method is the pump and dump scheme.
You might have seen this in The Wolf of Wall Street, where, essentially, people were buying a cheap stock, pumping it up to a large value and then dumping it at the top of its growth while everyone else was still holding onto it.
There are many people that have heard about stock trading, penny stocks, and dividend stocks, but are unsure where to begin.
The key thing everyone needs is a step by step process.
Just like a sport or anything that you want to get better at, you have to constantly refine, study, and revise your skills.
Let's think of some of the great poker players out there.
Even though some of these players lose money from time to time, a lot of the time they end up walking away with hundreds of thousands, or even millions of dollars.
And it's all just about two concepts.
I want to cover a concept that a lot of you guys have heard about from Warren Buffett, Jack Bogle, all of the true billionaire OG legends of investing, which is the concept of how to find undervalued stocks.
In order to be successful with day trading and choosing the right undervalued stocks, you need to learn to trade based on technical analysis of a stock's price chart.
This is an example of a price chart.
Price charts let you know whether or not you should buy or sell a stock.
Undervalued stocks don't usually have much volume traded. Often times they're just lying sectors operating businesses.
However, every now and then they come back with strong urgency.
There are certain parts of a company's profile which help you to figure out how if you should hold on to their stock- that's the integrator value.
While the internet has put the world at our fingertips and changed the way we live our lives, how we communicate, learn, and conduct business, it also has a dark side where cybercriminals can take advantage of you as they are using more advanced and sophisticated methods.
Cryptojacking is a new way for criminals to make illegal money using somebody else's hardware.
With just a website that you open on your browser, you can end up maxing out your CPU to mine cryptocurrency as malware. Cryptojacking is becoming extremely common.
The problem with regulating authorities is that as of yet, there is no clear legal status of cryptocurrency.
Governments all over the world are finding it hard to regulate the operations somehow.
This is the prime reason why cryptocurrency crimes cannot be forecasted or appropriately punished.
One of the most popular cryptocurrency crimes was concerning an ICO (Initial Coin Offering) in 2017 which was...
2019 has not been a great year for geopolitics as we can see emerging risks and conflicts everywhere.
With the returning great power rivalry, the threats to global political and economic systems are increasing.
Ever since the presidential elections of 2016 with Trump coming into power, the US. has adopted increasingly protectionist economic policies.
Due to this protectionism and ‘self-fulfillment’, the US has given up on an important role as a global helper.
The flagbearer of liberalization is itself moving towards restricted trade, rising tariffs, and other economic policies that are not beneficial for the world economy.
China's economy has seen rapid expansion since 2000.
Within a decade, it surpassed Japan to become the 2nd largest world economy by 2011.
Now maybe that’s what is threatening Trump the...
The internet has made life much easier for everyone.
People can pay their bills online, secure transactions, open up a bank account, buy groceries, shop for clothes or shoes, book appointments, consult a doctor, get a degree or order food.
In the same way, people can now invest in stocks, bonds, and funds.
The cost is low and it keeps on falling.
So, while everything is available at the click of the mouse, why should investment and brokerage services be any different?
To make things easier, this article will help you pick the best brokerage firm for yourself and explain the process of choosing.
To explain simply, a broker is a middleman or an agent who facilitates a trade.
When it comes to stock trading, a stock trader can be divided into two types, both...
If you are planning to invest in penny stocks, you should know how to spot a pump-and-dump scheme.
A pump-and-dump scheme is a financial fraud related to securities.
This type of financial fraud is also quite prevalent in the cryptocurrency space.
There are many groups that offer and advertise their pump-and-dump signals to the traders for a price. It is essential to be able to spot such groups or schemes to stay away from such frauds. Mentioned below are some ways through which you can spot pump-and-dump schemes.
As mentioned already, a pump-and-dump scheme is a common stock fraud which has become more prevalent due to internet trading these days. The fraud involves inflating the price of stocks by issuing misleading or false statements through which demand can be created and then allowing whoever owns the stock to sell it at a higher price.
When the people dump the stock, this means they are selling it at an overpriced rate to the...
If you are an investor and looking for market gains and success, the best thing for you to do is to expand your time horizon.
Short-term investments do profit in the immediate term, but many times, unexpected events can derail your position.
Investing in a financially sound company helps in the trading dynamics and even when unfavorable news events can negatively impact a company.
However, in the long run, time evens out all volatility.
In order to get the most out of long-term investments, investors should focus on the corporate growth prospects, sectoral growth, and financial performances, amongst other factors.
As per the IRS, stocks are considered to be capital assets.
The market value of stocks can rise or fall,...