I realize that a lot of FullyInformed Members are using the Trading For Pennies Strategy every day on IWM ETF. I have a lot of positions in a wide variety of stocks and I cannot follow IWM constantly throughout the day so I do not trade it every day. Instead I have one of my screens open to keep an eye on the IWM ETF looking for opportunities to apply the Trading For Pennies Strategy.
Tweaking IWM ETF Strategy
I spent a bit of time ths week examining whether or not a stop-loss method of some sort could assist the returns. Thursday was my first day applying this strategy. Nothing is fool proof but by continuing to tweak certain strategies I often can increase the number of winning trades and reduce the losing ones or at least keep losses to a minimum when they do occur.
Thursday Nov 1 2012 was a resounding success returning $1546.00 against capital used of $6127.00 for a return of 25%. One thing I must point out is that the Trading For Pennies Strategy beats any kind of penny stock trade I have read about. Within my local investing group there are members who do nothing but penny stocks and they get some amazing returns and heart stopping losses, but I do believe by continuing to tweak this strategy it will become a regular within my portfolio.
This write-up looks at my trade on Thursday Nov 1 using this method. I did a similar trade on Friday Nov 2 in IWM which I will write up shortly. This FullyInformed Members Article can be directly accessed through this link or Members can login here. Non-members can join here.
Trading For Pennies Strategy Links For Members
The Trading For Pennies Index Page (A Great Place To Start Understanding This Strategy)
The Trading For Pennies Strategy Explained (Learn the Strategy Here)
Trading For Pennies Trade Alerts (trade alerts as they happened)
Trading For Pennies Strategy Trades For 2012 (All the trades made to date)