"As an entry level system for trading you can achieve a good...

"As an entry level system for trading you can achieve a good result with a system of not being greedy and have tight stops, when I did this I worked on 7% to 10% profit sell - 5% loss sell, with about 5 trades per day"

You can't place tight stops on penny stocks the price movements are too sporadic,volatile and they don't have enough liquidity. Inexperienced traders wont have the discipline to take small profits when they are available. Also making 5 trades a day over a week, over longer period of time you'll be lucky to break even after brokerage and slippage.

Anyway I've got some fishing to do, discussion will have to wait for another time.



Kat.