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How To Take Advantage Of Penny Stocks

Day trading is a great way to increase your understanding of investing, make some extra money and learn how capitalism works. All while getting better at spreadsheets and numbers. Day trading is all about hunting for volatility in the stock market. When you are traditional investor, volatility might be a scary thing. But if you understand how to day trade penny stocks, you can use volatility to make some real money. It is all about finding the right strategy for a given time and place.

When you start out as a day trader, you need to understand the educational journey in front of you. You are going to want to put in effort to understand and learn day trading strategies that can be implemented for profit. Starting in a chat room, watching veteran traders look for opportunities in penny stocks, is an excellent way to get started. Then you can move on to online video courses, where instructors go through the ins and outs of the respective strategies.

Penny stocks, from a day trader’s perspective, are not really stocks that cost pennies. You are looking at companies whose shares trade in the $2 to $10 range. That is where there is lots of movement in share price in a given day, which gives you a chance to implement momentum day trading strategies that could pay off. These companies are not on the major stock exchanges, so they are not subject to the same disclosure requirements as larger companies. This is uncharted waters, so you need proper training as a boat captain of trading to navigate the sometimes choppy seas.

When you get into trading penny stocks, it is all about the technical indicators. When you are looking at your spreadsheets and advanced charts, you are looking for historical data, certain red and green candles and breaking news about a company to determine if they might be ripe for a day trader. You are not looking at market share or long term business fundamentals or the quality of the management team. This is all wonky stuff. This all about the price that day. Watching it, jumping on the stock at the right time and then jumping off when you are maximized your value.

So trading penny stocks is a really exciting notion. Many inexperience traders see the chance to trade really cheap stocks and turn it into a fortune. But if you are not careful, you will end up as one of the 90%. The stats don’t lie. Only 10% of day traders make money. That means the other 90% are marks that are giving up their cash.

The way to be in that 10% is to put in the time. Learn how to strategize properly. Take the day trading classes and practice in a paper trading environment. Paper trading is great because you can learn how to trade in a simulated environment that seems just like the regular market without risking any real cash. It is all virtual money. That is how you get the reps to get good at day trading. It is all about the screentime.

Great Gadgets for Those Long Roadtrips

travel gadgetsToday’s driver is living in a very exciting time. There are some great gadgets for your car that make any ride a lot more fun. Whether you are just going to the corner store for some milk, or taking that road trip with family and friends. You’ve got technology to make everything easily at your fingertips. Whether you need something in an emergency, to get something to make your ride more comfortable or to keep the kids busy while you drive the miles away getting to Grandma’s house. Here is some of the tech we know you simply aren’t ever going to want to leave behind in the driveway!

GPS – also known as global positioning system, this used to be optional in cars but now you’ll find it in just about every vehicle that comes out of any factory around the world. Not only can it tell you where you are, but it also can tell other people where you and your car is. So if your car gets stolen, the authorities can turn it on to help find your car. One challenge with GPS is that although it gives directions, not every single time is it 100% correct. So you will want to keep a set of up-to-date maps in your car to also refer to, for those every once in awhile times when the GPS is not quite on target and you’ve got to get somewhere.

Cellphone. Now please do not text and drive, this is not only highly unrecommended but also against the law in many USA states. In a lot of states you can use hands free technology to talk on your cellphone, if there is a call that you must make or return. There is even software that will convert what you say into a text, so you can easily send someone a text by speaking into your hands free cellphone. Do remember that your top priority is driving and the safety of everyone in your car and on the road. Most calls we consider making can wait until you reach where you are driving to.

A lot of parents were thrilled to discover that SUVs and larger vehicles have now been created with small TVs on the backs of the front seats, so the back seat passengers can watch them. Why, you’ll even see this in many taxicabs in the larger cities in the USA that you visit. Do keep the volume of the TV on low and always choose a fun, entertaining but somewhat soothing and relaxing TV show for your kids. Having a TV is especially ideal if you have a long car ride that may take a few hours and you want to be certain they will be busy the entire time.

Radio & Music. Today’s car driver has quite sophisticated choices when it comes to radio & music for their car. No longer is it just AM or FM radio. Yes, you do have these options. But there is also SIRIUS, which is a paid subscription service that has lots of talk shows as well as music. There are other great subscription services that you can select. A lot of people choose to tune in to a specific show during their commute to and from work. Especially if your commute takes half an hour or an hour, this type of listening entertainment is just perfect while you drive.

Auto assistance. This is something that most would obtain from their cellphones, but now you often have technology right in your car, such as OnStar that can help you with a lot of minor car problems and also will contact help if you need more major car or medical help. This is fantastic, if you’ve locked the keys in the car because OnStar can unlock the car for you. It’s quite helpful!