Free Daily List of Top Penny Stocks to Buy – Good Penny Stocks

Financial Penny Stocks – Only Two Kinds of Trades – Watchlist for Tuesday 3-17-09

Posted on March 16, 2009 by Penny Stocks Picker

There are only two kinds of trades: Winning trades & learning trades

Well today was a great day for SureFirePennyStocks, all seven of the penny stock suggestions posted yesterday for today’s list of penny stocks (Monday 3-16-09) should have produced winning trades.  Six of the seven suggestions closed positive and 1 closed unchanged.  Of the six that closed higher, two closed over 75% (HAYZ and CSAR) with HAYZ at one point up over 100%. KFN also was up about 50% at one point. Additionally, I notified you about IDGI on 2/24/09 when it was at .0005, IDGI closed at .0065 today, up1200% since I first posted this penny stock.

Winning trades are those that you profit on by entering and exiting a penny stock trade at the right time.  Your timing doesn’t have to be perfect (don’t need to pick the bottom or top), but you do need to have some skills and discipline, rolling the dice is usually going to result in a learning trade.  Refer to our past articles in the Education and Picks categories for some rules and trading strategies (more articles will be posted in the future so keep coming back).

Learning trades are those that you lost money on.  You may have chased the penny stock and bought at the top, you didn’t take your profits, you bought into the hype and fell in love (drank the Kool-aid) and so fourth.  Your going to have learning trades (I sure have and still do).  Don’t beat yourself up to much, just consider it an educational expense and make sure that you identify what it is that you did wrong so that you can do better the next time.

Watchlist for Tuesday 3-17-09, mostly financial penny stocks

I have a few new watchlist suggestions, mostly financial penney stocks (which scare me to death at the moment).  However, did you notice many of the financial penny stocks just rocked today?  I suspect that has something to do with president Obama’s plan to free billions of dollars to get credit flowing to small business and buying up the loans (not sure if the financial penny stocks run are going to last).  Remember I discussed psychological critera?  Penny stocks in a sector that is Obama friendly should move in an upward direction (for a time).

OVER-THE-COUNTER PINK SHEETS (OTC)
QMNDQ @ .15 (Volume and downtrend price breakout, broke over 30-day MA.)
WAMUQ @ .0475 (Volume and price breakout, closed at high of the day.)

NASDAQ
LJPC @ .063 (Still to early to tell but could come to life.)

NYSE
AIG@ .83 (Huge volume and downtred price breakout.)
FNM @ .54 (Volume)
ELI @ .07 (Volume breakout)
C @ 2.33 (Downtrend price breakout)

Still watching some of my past suggestions:
HAYZ, IDGI, CSAR, KWBT, MOVT, ARSC, KFN and some others……..