Started trading pennystocks about 2 months ago. Must say it's very exited but for now, can't find a strategy that works for me. I'm 70% of the time on the right track but still cutting losses.

Or i enter to late or to soon, or i'm scared when a stock doesn't go as planned immediatly so i cut losses quickly. Like in very Quick.

I had one big win since the start on $AZUR. Made 250€. Perfect entry and perfect exit. Than i changed my vieuw on witch stocks to trade. I did not wanted to trade stocks above 1.5-2$ range.

The idea behind this: The lower the price , the more i can buy and make more profits. I think this is not the right mindset but i'm still learning and figuring out what works for me.

Because of this strategy, (low priced stocks) i did not wanted to trade MGT witch was a major break out. Supernova all the way.

On the other hand, i traded SYMX who was a big contract winner. But still took a small loss on that because it couldn't break out. What to do?

For now  i will continue to look for patterns that suit me. I'm changing my strategy to higher priced stocks (1$-4$) and will take on smaller positions and try to grow my account day by day.

 

We keep on going. It's not over til it's over!

 

j.