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Penny Whisperer's Power Penny Stock Picks! (
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Trading Tip
Protect profits and cut losses!
Cut Your Losses Early!
I am amazed at how many people don't know the two things that I'm
about to share with you. These two things will literally
revolutionize your trading.
First of all, cut your losses early. Use mental stops to exit a
trade that is going against you. Of course everyone's risk tolerance
is different, but I recommend a stop loss of 10%-20%. And by all
means, don't use actual stop loss or stop limit orders on penny stock
trades. The market makers will drop down and fill your exit order
just to get your shares and take your money. Don't be so naive to
think that it doesn't happen. It really does.
Protect Your Profits!
Next, learn to protect your profits when you have the opportunity to
do so.
Two very practical ways of doing this are...
1. Exit the trade while you have profit. In every case, exiting a
trade with even a little profit is much better than exiting a trade
with a loss.
2. When a trade has risen in price enough, you can sell enough
shares to "take out" your initial investment, leaving the rest of the
shares in play. This completely protects you against any loss.
"But Penny Whisperer, what happens if the stock drops like a rock?"
Even if that happens, if you have removed your initial investment, you
are safe from loss. Your gains will be diminished, but you will not
lose money. Plus, this gives you the calmness and stability of mind
to focus on learning when is the best time to sell all of your shares
to capitalize on making the most possible gains without concern about
losing any money on the trade.
So, remember: cut your losses early and protect your profits
whenever possible to do so. You can learn by mistakes like I did (I
lost 80% on a trade earlier in my trading career), or you can learn by
instruction and from someone else's mistake, which is a whole lot
cheaper for you!
Hello Penny Whisperer Members...
I'm hooking up with some big guns on this pick... Just so you know...
THIS IS NOT A DAY TRADE.... In my unlicensed, amatuer opinion, it is
a buy and hold for a few days... so, read on with that in mind.
You're On Notice - WRGL Is Our New Pick
- Begin Your Research Right Away!
It’s time! Our research is done, our preparations complete and we
hope everyone is ready for our exciting new pick, WRGL.
WRGL has captured our attention. The company has issued a series of
ground-breaking news that we believe has the ability to take the stock
much higher. The chart is beautifully set-up and we feel that a
combination of recent announcements from the company coupled with an
extremely bullish chart should prompt a move to higher ground for our
readers. We’ve dug very deep and what we have discovered is
extremely promising!
Let’s dive right in. WRGL has two divisions, the first focuses on
acquiring niche online businesses and then growing them. Examples of
these businesses include Hostwire.com (http://www.hostwire.com), which
is an ISP and web-hosting service for small companies and individuals;
U.S. Marine Lights (http://www.usmarinelights.com), which operates in
the $1.4 billion a year yachting accessories field; and
ChooseCreditCards.com (http://www.choosecreditcards.com), a site where
people can compare and apply for credit cards. So, the first WRGL
division oversees a series of diversified online properties with
stable growth bringing in steady streams of income from different
sources. Nice.
The second division of the company is an incubator for start-up online
businesses. Whether an idea is an internally generated one at WRGL,
or an outside entrepreneur approaches WRGL for help, the company
invests and develops new online businesses, sniffing out possibly the
next big thing.
As CEO Julian Sula explains about the company, "There are many niche
properties on the Internet that have solid potential. Our ongoing
strategy is two-fold: (1) acquire existing online businesses that we
think can do well yet obtained at attractive prices, and (2) invest
and develop start-up online businesses which in our view have
excellent growth potential. By assembling a diverse portfolio of such
boutique companies we are confident we can create lasting shareholder
value."
The company website is at http://www.warriorgirlcorp.com
Of the new ideas being launched by WRGL one of the ones we are most
excited about is SOCIAL LIVE. This is a social media networking site
which takes off where Facebook left off. The press release for the
launch came out today and you can see it here:
http://www.prnewswire.com/news-releases/wrgl-social-live-community-website-open-to-beta-testing-139472578.html.
You can also check out the site at http://www.sociallive.com
Social media is all the rage and with the upcoming Facebook IPO
bringing even more focus to social media properties we think SOCIAL
LIVE has the potential to be a real winner. The site is a Facebook
on steroids and we like it much better.
“After establishing itself as the pre-eminent social networking
site, many users now say they are unhappy with Facebook and abandoning
the site due to issues ranging from privacy, bad to nonexistent
customer support, and complaints over the new ‘Timeline’ format
which people cannot opt out of,” commented CEO Sula.
“We believe in building a truly democratic network, responsive and
sensitive to user needs and with the user experience and privacy being
at the epicenter of our model we believe that Social Live will blossom
into a beautiful and powerful place to share with others and play an
important role amid the social media hierarchy.”
We like it. And we look forward to other projects generated
by WRGL.
As WRGL has been releasing news these last few weeks, the stock has
been heading upwards.
Look at this chart:
Steadily rising on little volume, which indicates there are few shares
for sale at these levels and the stock should move with more exposure
and buying. The company has been issuing news and we are told they
have plenty of press releases to follow in coming weeks that should
give this company some nice oomph. As word gets out this stock
should move dramatically from here.
Here’s something else, Barchart, a leading provider of technical
analysis, has issued an extremely favorable opinion of WRGL.
Barchart’s opinion is based on a varitety of key technical
indicators that are currently positioned bullishly for WRGL. The
site’s proprietary “TrendSpotter” indicator gives WRGL a solid
green buy.
We believe WRGL has the right ingredients to be an especially good
play for everyone, offering something for the short, mid-term and long
term player. While we don’t want to tell you how to trade, our
opinion is that a trader should buy the stock, hold a few days to see
how it goes, and then make a decision. At $0.032 we think this stock
could run fast enough over the next few weeks to put all of us in
shock.
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See you on Twitter!
PennyWhisperer
Great blog. What penny stocks are for right? Can you share more please?
ReplyDeletePenny Stocks