Hi guys,

 

first please let me explain why I stopped trading pennystocks, I was trading with a real account and I had no experience at all, I was getting into some lessons on the stock market here in my country, but my teacher was very very reluctant about trading pennystocks, he didn´t like them and he saw them as illegal.

 

I didn´t care and I started to trade pennystocks thinking I was going to be fine. Well needless to say, I blew my account, almost 70% of it.

 

I was so down and scared, all the study I had put into it didn´t work most of the time. the stocks didn´t moved as I expected to, even if I felt i was trading the right pattern. then I decided to keep studying with my teacher and he introduced me to technical analysis and the options market. I made a click inmediately on this type of analysis. I saw that trading options of the biggest companies out there is more predictable and the analysis is far far easier to understand.

 

but what about the profits? are they good compared to penny stocks? well I have had profits of 50% return in 3 days, just today a closed a position that made 15% in 2 days. 

 

I´m writing this for all the people that maybe feel that pennystocks are not for them, just wanted to let you know that the stock market is very big and you can profit on several ways. I found gold on options and now I have cashed lots of money in no time at all.

 

btw I´m not saying that you should change to options, there is a big market and profits on pennystocks. but again, if you feel like pennystocks are not working for you, it doesn´t hurt to give options a try.

 

Disclaimer: Some of my trades are papermoney. not all my profits are real.

 

Stay green guys!