I do like the sub 1 specs.
Great. Start with 2c and under specs.
You need to then weed them out into say 10 left.
1. Find all the sub 2 cent specs and put them into a spreadsheet alphabetically.
2. Then any with market caps over $80m put straight into the bin.
3. Then any with less than 5mill share trading volume average last 10 days, put into the bin.
4. Then any that are in a market segment you don't know or like, bin them.
5. Any that have gone up 100%+ in last 20 days, bin them.
6. Any with less than $3- 5m cash or needing money within next month, bin them.
So this should leave you with the lucky 10-15 stocks.
Now research them, find out what they do, if they have any news coming or on the horizon.
If you dont like them, bin them.
7. Now rate the circa 10 stocks from your favourite to your least favourite and have them all in your watchlist.
8. Set a buy price for each of them and the amount you will buy, don't deviate.
9. Also set your sell price, and set a stop loss 3-5% below your buyin price.
10. Allocate 100% of your cash into the first stock that hits your parameters. Dont allocate 10% to 10 stocks or the like IMO, we are here to make money, not hedge our bets. Slicing money into 3-4-5 stocks just puts up your buyin costs due to fees, at the end of the day, buy the right stock and thats all you need to do. Its hard enough getting one right, why try get 5 right?
Sell stock when it hiots your sell out price, whether that be like previous post 1% for the day increase, 5%, 10% whatever it is, sell, do not just sit there or you will eventually lose it all.
NEVER BE LAST INTO A STOCK AND LAST OUT, BE FIRST IN FIRST OUT.
Research the past of the company, if not sure, call them, ask questions, you are about to sink money into these people, better make sure they have some street cred.
Back yourself, stick to your rules, dont deviate.
good luck.
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