2. Short Term Penny Trading
by John Desrosier
2.1 Introduction and Goals
This short term trading is very risky. You want to buy stocks that you think will increase very quickly. Generally one does not want hold on to stocks for very long while doing this type of trading. Once the stock has risen, even a little bit, one should sell the stock for a profit. I will start out with $250,000 dollars and try to increase my earnings by ten percent. I plan not to hold on to any one stock for more than a week. This type of trading is all about research. I plan totake this next week to do research on some companies that I believe will be on the rise next week. I will start trading stocks on
Monday the 9 th of June and continue to monitor my choices until July 21st, giving a weekly report on the progress ofmy stocks every Sunday.
2.2 Stocks Chosen
I researched and bought a few penny stocksand short-term stocks and found out that the unemployment rate has gone up .5%. I bought a few penny stocks and one stock that I believe has an upward trend but may soon plummet. I will keep an eye on that one particular stock. I will wait a few days to see what goes on with the market now that the
new unemployment rate has been posted. Short term Trading