I’ve watched the lessons and read the books on Vsa and getting a general feel for the market , but I really feel like penny stocks are a different beast. One moment things are good, next is slowing down, then a sudden volume spike, and in this pivotal moment I am caught in either the stock soaring up or plummeting into another loss of the day. And I can’t seem to get it right nor can I find any videos or resources specific to penny stocks on how to really sense when to get out.
I’ll give an example like GSUN (5cent spike today), if you aren’t familiar with the stock how do you know what the expected goal is to get with it? Compared to SLGB , which had a 15cent run.
I set my limit orders to hit my TP and many times the stock bounces back down before it reaches. Now I have started placing my limits much lower , but funny enough, the stocks seem to soar way further once it hits my limit. I admit that I am doing it blindly and need to figure out the reasoning behind it. How do I know what range to look for or expect? Are there any specific penny stock books or YouTube channels that have been helpful in your journey?