Connect with us

Government

4 Reasons You’re Not Making Money With Penny Stocks

How to make money with penny stocks.
The post 4 Reasons You’re Not Making Money With Penny Stocks appeared first on Penny Stocks to Buy, Picks, News…

Published

on

Have you ever been curious about penny stocks or how to make money with them? If you’ve seen any stock market game or movie about trading, I’m sure the topic has piqued your interest. It seems easy, right?

Just load up some cash into some mobile brokerage account, and you can start making money with penny stocks. They’re only cheap stocks, right? How hard could it be?

The rise of meme stocks like AMC Entertainment (NYSE: AMC) and GameStop (NYSE: GME) did something interesting to the stock market; it brought a whole new type of “investor” into the fold. The idea of “buy and hold” was thrown out the window in exchange for capitalizing on short squeezes and breakout stocks. It also put penny stocks at the center of the spotlight. But in this case, it wasn’t about how these cheap stocks could jump in a single day; it was the potential of a much bigger move.

Let’s look at the AMC and GME examples.

GME Stock Explodes 16,967%

The GameStop saga began much earlier than 2021. In fact, GME stock was a frequent mention on PennyStocks.com over the last few years. One of the most significant developments came when “Big Short” investor Michael Burry actually got behind GameStop. Jumping ahead to the meme stock explosion and the sub-$5 GME was now trading at a modest $20. In a movement more akin to the movie, The 300, traders locked down during the pandemic found a common goal: fight against hedge funds that had depressed certain “underdogs” for so long. Ultimately, GME stock would explode to highs of $483 in a move of nearly 17,000% in less than a year.

AMC Stock Surges 3,700%

Thanks to the attention that GME stock received, the new “Ape Army” was on the hunt for the next heavily shorted, all-but-forgotten penny stock to buy. In early 2021, AMC stock was, by all accounts, considered a penny stock. It met the standard sub-$5 definition and was relatively illiquid. The underlying company had also taken its licks in the market. That was due to a floundering business at the time, thanks to COVID restrictions.

But some saw the potential in the company, including our writers. We pointed AMC out in November 2020 as one of the top epicenter penny stocks to watch before the new year. Fast-forward and AMC stock became one of the leading meme stocks at the center of interest. This was for thousands of traders taking their first step into the stock market. Shares of AMC stock surged from under $2 to highs of over $72 in one of the most epic rallies in recent history.

penny stocks to buy sell AMC Entertainment AMC stock chart

4 Reasons Why You’re Not Making Money With Penny Stocks & How To Change That!

So, if AMC stock theoretically turned $1,000 into $37,000 and GME stock took the same $1,000 and made it nearly $170,000, why aren’t you making money with penny stocks?

1. You’re Trying To Find Duplicates

So many new traders started by taking advantage of the moves in AMC and GME stock. It was a global phenomenon that brought in all the appeal, including scandal, money, & a David and Goliath type storyline. When hundreds of thousands or even millions of investors focus on a single issuer, these moves can happen. But it’s a rare occurrence. Sure, you have your groups of traders agreeing on a similar trade idea at times. But what we saw happen with the Ape movement was an outlier.

One of the first reasons that new traders aren’t making money with penny stocks is that they’re trying to find “the next GME” or “the next AMC” instead of learning how to trade. The fact is, there are plenty of penny stocks that explode 50%, 100%, or even over 300% within a matter of days or weeks. But all-too-many new traders see a position up 300% and think, “Well, this is it. THIS is the next GME; I found it,” only to see share prices implode soon after. The vast majority of penny stocks are young companies or ones looking to get on their feet. They are priced lower for various reasons.

The Solution: As a trader, understanding how to set profit targets, stop losses, and manage risk is the first step in removing this issue from your trading strategy. Have a plan, execute the plan, and have backstops in place to protect your capital if things don’t go as planned.

2. Catching The “Whole Move” In Penny Stocks

Like a good piece of fruit you’re trying to juice, you want to get every drop out of it. Rarely does this happen. There’s always some liquid left in the rind. Like fruit juice, catching the entire move in penny stocks tends to result in more failed trades than winning ones. At most, attempting to “top tick” your sale or “bottom tick” your entry will force you to deviate from your original plan.

Sure, technically, the GME and AMC stock moves were between$3,700 and nearly $17,000 from low to high on the charts. But the chances of catching the entire move are low. Another reason why you might not be making money with penny stocks is you hold too long, hoping to see the whole move.

Penny Stocks Get Big Boost From r/WallStreetBets & Reddit Buying Spree

The Solution: Clearly outline your trading game plan ahead of time. Set your price targets for selling shares, set your stop-losses, and, most importantly, STICK TO THE PLAN! Not catching the entire move is fine as long as you remember why you’re trading in the first place: to make money and repeat the process. At the end of the day, if you “sell too early,” as long as the underlying trend is strong, there should be more opportunities to re-enter a trade if you choose.

3. Letting Emotions Dictate Your Strategy

We’re talking about penny stocks here. You can buy them for as little as $0.0001 per share or as much as $5 if you stick to the definition of penny stocks. In all cases, small moves in price equate to much more substantial percentage changes than higher-priced stocks.

So it’s not hard to imagine that if you’re up 30% on a penny stock, “just a few more pennies” could put you up 40% or 50%. When emotions dictate your strategy and force you to deviate from your original plan, that’s when things can go south. Holding out for another 10%, in this example, could end up costing you much more based on how volatile stocks are. Look at a recent example of how volatility can quickly turn a winning trade into a break-even or losing trade.

Looking for Marijuana Penny Stocks? 3 Tips to Consider

In late-2021, shares of Remark Holdings (NASDAQ: MARK) exploded from under $1 to over $6 within a 2-day timeframe. But, by day #3, MARK stock was already back at $2. Letting emotions take over, thinking “this is the next GME,” likely caused more losses than gains. The traders who made the most money from MARK stock traded according to their original plan. Was the trend strong? Ultimately, the answer to that question is “no,” but those holding out, thinking $6.70 wasn’t “the top yet,” more than likely found out exactly why emotion has no place in trading.

penny stocks to buy sell Remark Holding MARK stock chart

You even had former penny stocks like Novavax (NASDAQ: NVAX) and FuelCell Energy (NASDAQ: FCEL) go on epic rallies but ultimately plummet from their record highs.

The Solution: STICK TO YOUR PLAN! Most of the time, a clear, defined strategy will yield more consistent results than “a gut feeling.” Will there be outliers? Definitely, and you’ve got to be alright knowing that you might catch the entire move in a penny stock. Again, if a trend is truly strong, it will give multiple opportunities to profit.

4. You Don’t Know How To Trade Penny Stocks (or other stocks)

Let’s face it if you saw the moves that AMC stock and GME stock made, your outlook on trading is much different from those who’ve been in the market for years. These massive breakouts brought a different mentality to the market that was more about “betting” on winning trades than identifying them. If that sounds like you, that’s ok (for now). The market doesn’t have to be one big bet; you can become consistently profitable and don’t need to have an AMC-type move to do it.

The Solution: Learn the basics, understand technical analysis, learn how different types of news impacts the market, and know what various SEC filings mean and how to use them. There are many ways to make money with penny stocks, just like there are plenty of ways to do other professions. But the first step is learning how to do so the right way.

Take a step back and learn. Believe it or not, trading can be a full-time profession and is one for thousands of market participants. Like any profession, learning basic and advanced techniques is key to making it to the top of your game. Getting lucky is one thing but becoming consistent in your trading is another; luck doesn’t have a place.

Should You Trade Penny Stocks?

That depends on your goals and your risk tolerance. Penny stocks are not suitable for everyone, but they can be a great way to make money if you’re willing to take on the risks. Do your research and understand the risks before you trade penny stocks. And never invest more than you can afford to lose. Penny stocks are risky, but they can be a great way to make money if you know what you’re doing.

If you are interested in learning more about penny stocks and the stock market as a whole, then you need to check out True Trading Group, the fastest growing & highest-rated online premium educational platform available today.

True Trading Group offers a 7-day Trial of its platform for a 1-time, non-auto renew payment of just $3! To Learn More Click Here.

The post 4 Reasons You’re Not Making Money With Penny Stocks appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

Government

Mistakes Were Made

Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that…

Published

on

Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that a bit during these past few years, but, if there’s one thing they’re exceptionally good at, it’s taking responsibility for their mistakes. Seriously, when it comes to acknowledging one’s mistakes, and not rationalizing, or minimizing, or attempting to deny them, and any discomfort they may have allegedly caused, no one does it quite like the Germans.

Take this Covid mess, for example. Just last week, the German authorities confessed that they made a few minor mistakes during their management of the “Covid pandemic.” According to Karl Lauterbach, the Minister of Health, “we were sometimes too strict with the children and probably started easing the restrictions a little too late.” Horst Seehofer, the former Interior Minister, admitted that he would no longer agree to some of the Covid restrictions today, for example, nationwide nighttime curfews. “One must be very careful with calls for compulsory vaccination,” he added. Helge Braun, Head of the Chancellery and Minister for Special Affairs under Merkel, agreed that there had been “misjudgments,” for example, “overestimating the effectiveness of the vaccines.”

This display of the German authorities’ unwavering commitment to transparency and honesty, and the principle of personal honor that guides the German authorities in all their affairs, and that is deeply ingrained in the German character, was published in a piece called “The Divisive Virus” in Der Spiegel, and immediately widely disseminated by the rest of the German state and corporate media in a totally organic manner which did not in any way resemble one enormous Goebbelsian keyboard instrument pumping out official propaganda in perfect synchronization, or anything creepy and fascistic like that.

Germany, after all, is “an extremely democratic state,” with freedom of speech and the press and all that, not some kind of totalitarian country where the masses are inundated with official propaganda and critics of the government are dragged into criminal court and prosecuted on trumped-up “hate crime” charges.

OK, sure, in a non-democratic totalitarian system, such public “admissions of mistakes” — and the synchronized dissemination thereof by the media — would just be a part of the process of whitewashing the authorities’ fascistic behavior during some particularly totalitarian phase of transforming society into whatever totalitarian dystopia they were trying to transform it into (for example, a three-year-long “state of emergency,” which they declared to keep the masses terrorized and cooperative while they stripped them of their democratic rights, i.e., the ones they hadn’t already stripped them of, and conditioned them to mindlessly follow orders, and robotically repeat nonsensical official slogans, and vent their impotent hatred and fear at the new “Untermenschen” or “counter-revolutionaries”), but that is obviously not the case here.

No, this is definitely not the German authorities staging a public “accountability” spectacle in order to memory-hole what happened during 2020-2023 and enshrine the official narrative in history. There’s going to be a formal “Inquiry Commission” — conducted by the same German authorities that managed the “crisis” — which will get to the bottom of all the regrettable but completely understandable “mistakes” that were made in the heat of the heroic battle against The Divisive Virus!

OK, calm down, all you “conspiracy theorists,” “Covid deniers,” and “anti-vaxxers.” This isn’t going to be like the Nuremberg Trials. No one is going to get taken out and hanged. It’s about identifying and acknowledging mistakes, and learning from them, so that the authorities can manage everything better during the next “pandemic,” or “climate emergency,” or “terrorist attack,” or “insurrection,” or whatever.

For example, the Inquiry Commission will want to look into how the government accidentally declared a Nationwide State of Pandemic Emergency and revised the Infection Protection Act, suspending the German constitution and granting the government the power to rule by decree, on account of a respiratory virus that clearly posed no threat to society at large, and then unleashed police goon squads on the thousands of people who gathered outside the Reichstag to protest the revocation of their constitutional rights.

Once they do, I’m sure they’ll find that that “mistake” bears absolutely no resemblance to the Enabling Act of 1933, which suspended the German constitution and granted the government the power to rule by decree, after the Nazis declared a nationwide “state of emergency.”

Another thing the Commission will probably want to look into is how the German authorities accidentally banned any further demonstrations against their arbitrary decrees, and ordered the police to brutalize anyone participating in such “illegal demonstrations.”

And, while the Commission is inquiring into the possibly slightly inappropriate behavior of their law enforcement officials, they might want to also take a look at the behavior of their unofficial goon squads, like Antifa, which they accidentally encouraged to attack the “anti-vaxxers,” the “Covid deniers,” and anyone brandishing a copy of the German constitution.

Come to think of it, the Inquiry Commission might also want to look into how the German authorities, and the overwhelming majority of the state and corporate media, accidentally systematically fomented mass hatred of anyone who dared to question the government’s arbitrary and nonsensical decrees or who refused to submit to “vaccination,” and publicly demonized us as “Corona deniers,” “conspiracy theorists,” “anti-vaxxers,” “far-right anti-Semites,” etc., to the point where mainstream German celebrities like Sarah Bosetti were literally describing us as the inessential “appendix” in the body of the nation, quoting an infamous Nazi almost verbatim.

And then there’s the whole “vaccination” business. The Commission will certainly want to inquire into that. They will probably want to start their inquiry with Karl Lauterbach, and determine exactly how he accidentally lied to the public, over and over, and over again …

And whipped people up into a mass hysteria over “KILLER VARIANTS” …

And “LONG COVID BRAIN ATTACKS” …

And how “THE UNVACCINATED ARE HOLDING THE WHOLE COUNTRY HOSTAGE, SO WE NEED TO FORCIBLY VACCINATE EVERYONE!”

And so on. I could go on with this all day, but it will be much easier to just refer you, and the Commission, to this documentary film by Aya Velázquez. Non-German readers may want to skip to the second half, unless they’re interested in the German “Corona Expert Council” …

Look, the point is, everybody makes “mistakes,” especially during a “state of emergency,” or a war, or some other type of global “crisis.” At least we can always count on the Germans to step up and take responsibility for theirs, and not claim that they didn’t know what was happening, or that they were “just following orders,” or that “the science changed.”

Plus, all this Covid stuff is ancient history, and, as Olaf, an editor at Der Spiegel, reminds us, it’s time to put the “The Divisive Pandemic” behind us …

… and click heels, and heil the New Normal Democracy!

Tyler Durden Sat, 03/16/2024 - 23:20

Read More

Continue Reading

Government

Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

A…

Published

on

Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

A Harvard Medical School professor who refused to get a COVID-19 vaccine has been terminated, according to documents reviewed by The Epoch Times.

Martin Kulldorff, epidemiologist and statistician, at his home in Ashford, Conn., on Feb. 11, 2022. (Samira Bouaou/The Epoch Times)

Martin Kulldorff, an epidemiologist, was fired by Mass General Brigham in November 2021 over noncompliance with the hospital’s COVID-19 vaccine mandate after his requests for exemptions from the mandate were denied, according to one document. Mr. Kulldorff was also placed on leave by Harvard Medical School (HMS) because his appointment as professor of medicine there “depends upon” holding a position at the hospital, another document stated.

Mr. Kulldorff asked HMS in late 2023 how he could return to his position and was told he was being fired.

You would need to hold an eligible appointment with a Harvard-affiliated institution for your HMS academic appointment to continue,” Dr. Grace Huang, dean for faculty affairs, told the epidemiologist and biostatistician.

She said the lack of an appointment, combined with college rules that cap leaves of absence at two years, meant he was being terminated.

Mr. Kulldorff disclosed the firing for the first time this month.

“While I can’t comment on the specifics due to employment confidentiality protections that preclude us from doing so, I can confirm that his employment agreement was terminated November 10, 2021,” a spokesperson for Brigham and Women’s Hospital told The Epoch Times via email.

Mass General Brigham granted just 234 exemption requests out of 2,402 received, according to court filings in an ongoing case that alleges discrimination.

The hospital said previously, “We received a number of exemption requests, and each request was carefully considered by a knowledgeable team of reviewers.

A lot of other people received exemptions, but I did not,” Mr. Kulldorff told The Epoch Times.

Mr. Kulldorff was originally hired by HMS but switched departments in 2015 to work at the Department of Medicine at Brigham and Women’s Hospital, which is part of Mass General Brigham and affiliated with HMS.

Harvard Medical School has affiliation agreements with several Boston hospitals which it neither owns nor operationally controls,” an HMS spokesperson told The Epoch Times in an email. “Hospital-based faculty, such as Mr. Kulldorff, are employed by one of the affiliates, not by HMS, and require an active hospital appointment to maintain an academic appointment at Harvard Medical School.”

HMS confirmed that some faculty, who are tenured or on the tenure track, do not require hospital appointments.

Natural Immunity

Before the COVID-19 vaccines became available, Mr. Kulldorff contracted COVID-19. He was hospitalized but eventually recovered.

That gave him a form of protection known as natural immunity. According to a number of studies, including papers from the U.S. Centers for Disease Control and Prevention, natural immunity is better than the protection bestowed by vaccines.

Other studies have found that people with natural immunity face a higher risk of problems after vaccination.

Mr. Kulldorff expressed his concerns about receiving a vaccine in his request for a medical exemption, pointing out a lack of data for vaccinating people who suffer from the same issue he does.

I already had superior infection-acquired immunity; and it was risky to vaccinate me without proper efficacy and safety studies on patients with my type of immune deficiency,” Mr. Kulldorff wrote in an essay.

In his request for a religious exemption, he highlighted an Israel study that was among the first to compare protection after infection to protection after vaccination. Researchers found that the vaccinated had less protection than the naturally immune.

“Having had COVID disease, I have stronger longer lasting immunity than those vaccinated (Gazit et al). Lacking scientific rationale, vaccine mandates are religious dogma, and I request a religious exemption from COVID vaccination,” he wrote.

Both requests were denied.

Mr. Kulldorff is still unvaccinated.

“I had COVID. I had it badly. So I have infection-acquired immunity. So I don’t need the vaccine,” he told The Epoch Times.

Dissenting Voice

Mr. Kulldorff has been a prominent dissenting voice during the COVID-19 pandemic, countering messaging from the government and many doctors that the COVID-19 vaccines were needed, regardless of prior infection.

He spoke out in an op-ed in April 2021, for instance, against requiring people to provide proof of vaccination to attend shows, go to school, and visit restaurants.

The idea that everybody needs to be vaccinated is as scientifically baseless as the idea that nobody does. Covid vaccines are essential for older, high-risk people and their caretakers and advisable for many others. But those who’ve been infected are already immune,” he wrote at the time.

Mr. Kulldorff later co-authored the Great Barrington Declaration, which called for focused protection of people at high risk while removing restrictions for younger, healthy people.

Harsh restrictions such as school closures “will cause irreparable damage” if not lifted, the declaration stated.

The declaration drew criticism from Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases, and Dr. Rochelle Walensky, who became the head of the CDC, among others.

In a competing document, Dr. Walensky and others said that “relying upon immunity from natural infections for COVID-19 is flawed” and that “uncontrolled transmission in younger people risks significant morbidity(3) and mortality across the whole population.”

“Those who are pushing these vaccine mandates and vaccine passports—vaccine fanatics, I would call them—to me they have done much more damage during this one year than the anti-vaxxers have done in two decades,” Mr. Kulldorff later said in an EpochTV interview. “I would even say that these vaccine fanatics, they are the biggest anti-vaxxers that we have right now. They’re doing so much more damage to vaccine confidence than anybody else.

Surveys indicate that people have less trust now in the CDC and other health institutions than before the pandemic, and data from the CDC and elsewhere show that fewer people are receiving the new COVID-19 vaccines and other shots.

Support

The disclosure that Mr. Kulldorff was fired drew criticism of Harvard and support for Mr. Kulldorff.

The termination “is a massive and incomprehensible injustice,” Dr. Aaron Kheriaty, an ethics expert who was fired from the University of California–Irvine School of Medicine for not getting a COVID-19 vaccine because he had natural immunity, said on X.

The academy is full of people who declined vaccines—mostly with dubious exemptions—and yet Harvard fires the one professor who happens to speak out against government policies.” Dr. Vinay Prasad, an epidemiologist at the University of California–San Francisco, wrote in a blog post. “It looks like Harvard has weaponized its policies and selectively enforces them.”

A petition to reinstate Mr. Kulldorff has garnered more than 1,800 signatures.

Some other doctors said the decision to let Mr. Kulldorff go was correct.

“Actions have consequence,” Dr. Alastair McAlpine, a Canadian doctor, wrote on X. He said Mr. Kulldorff had “publicly undermine[d] public health.”

Tyler Durden Sat, 03/16/2024 - 21:00

Read More

Continue Reading

International

“Extreme Events”: US Cancer Deaths Spiked In 2021 And 2022 In “Large Excess Over Trend”

"Extreme Events": US Cancer Deaths Spiked In 2021 And 2022 In "Large Excess Over Trend"

Cancer deaths in the United States spiked in 2021…

Published

on

"Extreme Events": US Cancer Deaths Spiked In 2021 And 2022 In "Large Excess Over Trend"

Cancer deaths in the United States spiked in 2021 and 2022 among 15-44 year-olds "in large excess over trend," marking jumps of 5.6% and 7.9% respectively vs. a rise of 1.7% in 2020, according to a new preprint study from deep-dive research firm, Phinance Technologies.

Algeria, Carlos et. al "US -Death Trends for Neoplasms ICD codes: C00-D48, Ages 15-44", ResearchGate, March. 2024 P. 7

Extreme Events

The report, which relies on data from the CDC, paints a troubling picture.

"We show a rise in excess mortality from neoplasms reported as underlying cause of death, which started in 2020 (1.7%) and accelerated substantially in 2021 (5.6%) and 2022 (7.9%). The increase in excess mortality in both 2021 (Z-score of 11.8) and 2022 (Z-score of 16.5) are highly statistically significant (extreme events)," according to the authors.

That said, co-author, David Wiseman, PhD (who has 86 publications to his name), leaves the cause an open question - suggesting it could either be a "novel phenomenon," Covid-19, or the Covid-19 vaccine.

"The results indicate that from 2021 a novel phenomenon leading to increased neoplasm deaths appears to be present in individuals aged 15 to 44 in the US," reads the report.

The authors suggest that the cause may be the result of "an unexpected rise in the incidence of rapidly growing fatal cancers," and/or "a reduction in survival in existing cancer cases."

They also address the possibility that "access to utilization of cancer screening and treatment" may be a factor - the notion that pandemic-era lockdowns resulted in fewer visits to the doctor. Also noted is that "Cancers tend to be slowly-developing diseases with remarkably stable death rates and only small variations over time," which makes "any temporal association between a possible explanatory factor (such as COVID-19, the novel COVID-19 vaccines, or other factor(s)) difficult to establish."

That said, a ZeroHedge review of the CDC data reveals that it does not provide information on duration of illness prior to death - so while it's not mentioned in the preprint, it can't rule out so-called 'turbo cancers' - reportedly rapidly developing cancers, the existence of which has been largely anecdotal (and widely refuted by the usual suspects).

While the Phinance report is extremely careful not to draw conclusions, researcher "Ethical Skeptic" kicked the barn door open in a Thursday post on X - showing a strong correlation between "cancer incidence & mortality" coinciding with the rollout of the Covid mRNA vaccine.

Phinance principal Ed Dowd commented on the post, noting that "Cancer is suddenly an accelerating growth industry!"

Continued:

Bottom line - hard data is showing alarming trends, which the CDC and other agencies have a requirement to explore and answer truthfully - and people are asking #WhereIsTheCDC.

We aren't holding our breath.

Wiseman, meanwhile, points out that Pfizer and several other companies are making "significant investments in cancer drugs, post COVID."

Phinance

We've featured several of Phinance's self-funded deep dives into pandemic data that nobody else is doing. If you'd like to support them, click here.

 

Tyler Durden Sat, 03/16/2024 - 16:55

Read More

Continue Reading

Trending