1. What is day trading?
Day trading is simply buying and selling a certain number of shares of a stock on the same day.
2. What are penny stocks?
Penny stocks are stocks that usually trade at extremely low prices. They trade on the OTCBB (Over the Counter Bulletin Board) and the Pink Sheets. They are also known as microcap stocks.
3. How do you make money by day trading?
You make money by buying shares at a certain price, and then selling them at a higher price than what you bought at. The difference between the selling and buying price multiplied by the number of shares you bought represents the profit you earn.
4. Why day trade penny stocks? Why not day trade blue chip stocks?
Penny stocks yield the greatest daily percentage gain than any other stock on the market! Penny stocks rising 50%, 70%, 100%, in one day is not unheard of. On the other hand, blue chip stocks only rise a fraction of a percentage most of the time. They DO NOT display great percentage gains. Therefore, day trading penny stocks will give you the best bang for your buck in a day.
5. Isn’t day trading risky?
This is the most common belief that surrounds day trading. It's perpetuated by experiences of our fellow neighbors, friends, co-workers, who have tried it but lost a ton of money. The fact of the matter is, they went in blind. They had neither the knowledge, nor the equipment, and chances are they gave up quickly as well. Would you go into battle without knowing how the work the weapons, without the proper gear, and hope to win by fleeing at the first sign of danger? Of course not.
Day trading is only risky if you don’t have the RIGHT TOOLS OR KNOWLEDGE. Several people dive into day trading without bothering with the right tools or learning the right knowledge. Would you try to build a house from scratch without any tools or knowledge of construction or architecture? The same logic applies here.
With the right tools and knowledge, the risk in day trading is minimized DRASTICALLY. That is what MicrocapTrade and The Ultimate Step-by-Step Guide to Day Trading Penny Stocks offers.
What is MicrocapTrade?
6. How much can I make in one day?
That depends on how much money you are using to buy a stock. For example, if you buy $500 worth of a penny stock and it rises by 20% and you sell it, you just made $100 worth of profit. Imagine doing that daily! Take a look at the Examples Page to see how much profit you can generate with $500 a day.
7. Did you lose a lot of money while day trading?
Yes. In the beginning, I did. I did do some homework, but real life experience is the ultimate teacher. Anybody who tells you they made a fortune day trading right off the bat is a BIG FAT LIAR. Trust me on this. Figuring out how to profit from day trading penny stocks requires a persistent, analytical mind.
I lost a lot of money, but I didn't let that deter me. I was determined to find out how to profit from day trading penny stocks. There MUST be a way. Otherwise, everybody would be losing, which is impossible.
I considered the money lost as an investment to my own education in day trading penny stocks. Every time I lost money, I researched why and when I found the reason, I wrote it down and remembered it so I wouldn't make the same mistake twice. Believe me, I made a lot of mistakes. People blame external factors because they refuse to take personal responsibility for their ignorance. I acknowledged that the mistakes I made were my fault, and mine alone. It was up to me to make sure history didn't repeat itself.
Most people would say “Look, see here I lost money. I knew day trading was risky” and would quit. The ones who persevere, who go that extra mile, who believe that every failure is a step toward success are the ones who get the last laugh.
8. What is an eBook?
An eBook is an electronic book. It can be downloaded anytime, anywhere, on any computer for immediate viewing.
9. Who should read this eBook?
This book should be read by those who want to make some money on the side without taking on another job and only devoting a couple of hours a day. This book would be perfect for college students or stay at home moms looking to make a hundreds or thousands of dollars a month on the side by only trading a few hours a day.
10. Why should I buy this eBook?
Day trading penny stocks can be very lucrative. Penny stocks display the greatest percentage gains within the shortest periods of time. However, profits can only be made when somebody has the proper tools and knowledge. Without the proper tools and knowledge, you'll just be another day trading horror story.
The Ultimate Step-by-Step Guide to Day Trading Penny Stocks is not based on theory, but on actual experience. It teaches you how to pick the winning stock, what traps to look out for, and gives you the rules that will help your profits soar. You can either learn it the hard way, by losing a great deal of money, or you can bypass that learning experience by reading this book and applying it.
There is no other comprehensive step-by-step guide to day trading penny stocks like this on the market.
11. What do I need in order to view this eBook?
All you need is the correct software to view the eBook. It's called Acrobat Reader and is available free to download at http://www.adobe.com/products/acrobat/readstep2.html.
Most computers today have them already installed.
12. How soon can I read this eBook?
That's the beauty of an eBook. You don't have to wait or pay for shipping. It's ready to be read right after you download it.
13. How long will it take to download?
It depends on your modem. On a 56k modem, it'll take approximately 2-3 minutes. On a DSL/Cable/T1/Wireless, it should only take a couple of seconds.
14. Is buying online secure?
Yes. ClickBank, the merchant that processes transactions for The Ultimate Step-by-Step Guide to Day Trading Penny Stocks uses Secure Sockets Layer (SSL) technology.
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