What is PennyDir and why it is great for day trading beginners?
PennyDir ( PennyDir.Com ) was designed to work best for absolute beginners, starting with small amount of money. It has three main sections: Penny Stocks Directory, Penny Dir Training & Penny Dir Watchlists.
Penny Stocks Directory with over 500 best penny stocks to watch.
In short it is a penny stocks list of most active stocks: biotech and parabolic runners (95% from NASDAQ).
How is that relevant to your success?
Stock that did run will run again, so it is vital to know the top penny stocks to buy!
Why? Because these are the hot penny stocks that are traded in many chat rooms by majority of day traders. If somebody traded fast moving stock they will remember its ticker and will trade it again and again. The more people trade particular stock the bigger its move!
The most active stocks on the market are biotech penny stocks. They often move 20-30% a day or even 50-300% with the right news. And the best part is they are not one off stocks. They run again and again, day by day, week by week, so once you learn to trade them you will use it over and over again.
Why I trade Penny Stocks? (make sure to check my definition of penny stocks because it is not what you may think!!! ) I trade Penny Stocks, because they are the only stocks that can help multiply your money when you have very little money to start with. The only!
There are at least few good training websites for learning trading penny stocks and day trading stocks in general, but those really good will cost $2000, $4000 or even $8000 (some do not show highest prices) for 1 year access. In some you have to pay additional money($100s per set) for online lessons covering more material.
Are you ready to spend that amount of money not knowing if it will actually work for you?
$2k - $10k is as much as you need to open broker margin account to actually trade Penny Stocks (Interactive Brokers require 10k).
Why don't you try my training first, pay fraction of the cost, and save money for real trading? At least you will get much better understanding of Penny Stocks and trading before you start expensive training, hence it will be more effective for you. At best you may find out that you already know enough and you can do fine on your own.
Learn more about Penny Dir Training
I publish weekly or daily watchlists of stocks that come into play and may fall into patterns we have discussed in our training. But what is more important I will help you prepare your own watchlists and find stocks on your own.