Penny Solid

What to do with Your Top Penny Stocks

what to do with your top penny stocks  once you have had great success trading them? You might think to sell them and take the profits. However, selling all of your top penny stocks  to take the money might not be a good idea. Surely you are excited that you have invested in some winning stocks and that you want to take your profit. You fear that if you don’t sell you might jeopardize your profit. On the other hand, their price value might increase more if you hold on to them. So what to do with your top penny stocks?

The veteran penny stock investors have learned a great strategy for selling their top penny stocks. Once a penny stock has gained in value by 100%, they sell half of their positions. This gives them both the advantage of protecting the initial value of their investment and also any future increases in the value of the penny stock.

Another good strategy is the one-third-approach. When you have found another stock that you want to purchase, you can cash out a third of your positions, keep one third, and invest one third in the stock that you wanted. This is another solid technique used by many successful investors that trade in the volatile penny stock market.

Once you have a winning trade you might feel like doing another trade right away. This might not be a good idea. Never trade with your emotions. It is smarter to trade with reason and not emotions, particularly when dealing with investment. Investing should be done with sound reason and not to satisfy your feeling to gamble your money.

Las Vegas has an expression for people who are riskier with their winnings than with their personal money. It is called “playing with house money”. The thinking on the part of the players is that the money isn’t their own money to start off with and it’s not a big deal to loss it. These people tend not to be as upset once they have lost all the money.

This state of mind often takes over with penny stock investment. Instead of seeing that their profit as theirs, investors perceive it as the house money that they can gamble with and take on riskier investments hoping for one more huge win. Instead of investing based on research, you invest foolishly and lose all your money. Taking time off between trades is a great idea for keeping your head in the game and your money in your pocket.

Cashing out after a huge gain on a penny stock is also a good idea. Especially if you are positive about the potential of that penny stock, this allows you to sell your top penny stocks and then buy it back after the rush when the prices have declined. Most of the time you can purchase it for a lot less than what you sold it due to the volatility of the market.

There is only one thing that is much worst than selling too soon, is selling much too late when trading penny stocks. Don’t try to guess the top and try to sell at the top price. It’s a lot smarter to sell on an up trend, than it is on the down trend, and it is impossible to predict where the stock will peak. Put into practice a cut off price. Once the stock has reached your cut off price and made a nice profit, then it’s time to sell. Do not look back about your decision; be happy that you have made a profit and move on. This is what penny stock investing is all about.

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