LegendGS said:
The hardest part of it all is maintaining a buy and sell discipline (usually meaning going against your first instincts).
Yeah, and that also means setting limits for yourself, like selling when the stock shows a rise or drop of 15% or some other arbitrary percentage no matter what. A lot of times, people get greedy and if their stock rises, they hold onto it too long hoping that it'll keep going up. Or if it drops, they have too much pride to sell at a loss and hope that it'll rebound. More often than not, they end up with the short end of the stick.
This is just my opinion here so I take no responsibility for your actions.

If you're looking at penny stocks to hold short-term, you might want to do some research on up and coming pharmaceuticals. Take a look at their history and what products they might be developing (and what stages these products are in). A lot of times, if a company is developing a promising product that is, for instance, in final developmental stages or awaiting FDA approval, you'll see a spike in their stock. For the most part, this is just hype, and the final verdict will be decided when the product is released to the public. So conceivably, the stock can fall just as quickly as it rose if it isn't well-received, which lends more support for the short-term buy strategy. Just my $.02.
BTW, speaking of stocks and being that this is a Legend board, have you seen Boiler Room? Pretty good movie and as a bonus, there are even a couple shots of a G2 Legend coupe in there.
