It was another good bountiful trade and stock pick during my personal time in the cafe having coffee and then seeing the rewards later in the night. Traded a small penny stock in the US market with 13,000 shares on Jan 4, 2021 and by yesterday, Jan 13th, the stock started to run and shot up 21.76% reversing the losses earlier when first traded. The Top 20 Volume stocks were moving in Nasdaq while stocks are looking to breaking new highs. However some penny stocks were also running wild where some counters ran 100% in one night too.
I am well versed in trading penny stocks in the US market but I am not always into perfect timing and entry price. As long as the direction I selected was correct, then the $$ should take care of itself. The key towards picking a good penny stock is always stay observant in the Top 20 Volume stocks and then refer back to the chart for signals before taking a well calculated traded. Looking to have more coffee and thinking time before the next trade.
