Penny stocks can be very volatile. Stocks swing 100% or more in a day are common.
#1 Consolidation Pattern and #2 Pullback and Up Pattern are long trade opportunities. They can be very profitable.
When a stock breakouts with huge volume, it does not mean we can jump in. My #3 No Trade Pattern shows the risk.
Chart Samples
Typical Pattern Breakdown
09.23.2020 Penny Stock SPI #1 Pattern Up 4000%
08/19/2019 YUMA - #2 Pullback & Up Pattern
YUMA moved up 400% today before it pulled back.If entry point at the lower arrow and get out at the upper arrow, the gain is over 100%.
Click to enlarge
2020.07.10 Penny Stock PSV #1 Pattern Up 450%
PSV moved up 457% today before it pulled back. Profit could be 300%
Click to enlarge
Please watch the following 2 successful Day Traders. These are over 10 years old videos
Their advice is the best in line with my trading strategy.
⛳ One of his colleagues even makes 5 million dollars a year ⛳