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RE: I daytrade in PennyStocks every day, so why don't I make videos about PennyStocks?
Unfortunately no.. I accumulate larger positions during down trends and then sell them off slowly in uptrends.. Buy low sell high.. I do not predict the future, I am a reactive trader.. So its not a decision on how much I want to own of this or that.. its a question of what deals are available on the chart..
When you participate in the next bounce, how do you know when to get out? It could reach the base or it could not. What makes you decide about the exit time?
I layer in and I layer out.. If there is a quick pop, im usually all out fast.. but if its a slow grind higher, then I give it time, and layer out.. There isnt much science to it.. I just know from experience that a quick pop can mean further drop coming, so taking fast money is best so you can reload.. But a slow grind, means the panic is over, so you can start to sell slow..
Thanks. this is the answer, I was looking for.