Blog - Online Penny Stock Trading

Day Trading Software

Day trading software can serve several different purposes. This page will describe the three main areas of day trading software then over time I may make specific suggestions in each area. The three main areas are the following: stock trading software simply used to execute trades, software used to chart the history of stocks, and software used to anticipate the future behavior of stocks.

I do suggest doing your research before investing in any particular package. You’ll find a ton of competition among day trading software developers.

Buying penny stocks can be a competitive and volatile practice requiring great research and precision. The idea behind day trading software is to take as much of the busy work out of penny stock trading as possible so you can concentrate on the insights that lead to hot penny stock picks.

The Life Of The Penny Stock Pump And Dump

by Charles

The penny stock pump and dump scheme is the longest running pink sheet scheme still in practice today, but it is difficult to control because of the way it works. Since the barrier to day trading has been reduced by advances in computers and internet availability more people are becoming addicted to trading stocks and making money in this market. The newcomers to day trading are often more susceptible to manipulation because they are often following technical trading patterns laid out in books, but even more experienced traders can get caught up in these schemes.

Here’s how the penny stock scheme works:

Level II Stock Quotes

by Charles

Using stock quoting systems can help you achieve more success with your stock trading, but to get the most benefit from them you need to choose the right system for your investments. Some may provide too little information, while others may provide too much information that will only distract you and take you off course.

Level II stock quotes are one of those quoting systems that provide a lot of information, but this information can be useful if you are into day trading or trading penny stocks. These quotes allow you to track the buying and selling by market makers, wholesalers and electronic communication networks. By following some of these players you may get signals that will help you get a better feeling of the future stock price of certain markets.

These quotes will also provide you with the ask price, highest bid and the size of the order. This can help you track increased or decreased interest in a particular area. It is important to note that this quote only shows specific things like highest bid or lowest ask, but it doesn’t necessarily show prices for the whole order.

Can You Make Money Shorting Penny Stocks?

by Charles

Penny stocks are known to be risky investments. The old adage that the stock market generally grows doesn’t apply in the penny stock universe. Shorting stocks is betting a stock will fall instead of rise in price. What essentially happens is you sell a stock you don’t own for money, but you owe the stock back in the future. You simply wait for the stock price to fall and then you buy the stock and keep the difference. While you don’t want to short stocks that sit stagnant or slowly rise over time you can improve your odds with a few simple tactics.