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Pump and dump: What it is, why people do it, and one ugly case study

If you’re using a trading strategy that involves cheap, low float stocks such as pink sheets or penny stocks, you have to be aware of pump and dump stock schemes.  They’ve been a problem in equity markets forever and these days, as social media and various message boards provide new pumping platforms, they have become … Read more

Pink sheet stocks: What they are, why to trade them, and how to get started

Pink sheet stocks had their moment on the big screen not so long ago in Martin Scorsese’s The Wolf of Wall Street. In one of the most memorable (finance-related) scenes in the film, Jordan Belfort, as played by Leonardo DiCaprio, discovers the insane profit potential of trading pink sheet stocks.   The movie doesn’t portray pink … Read more

Introduction to futures trading

The broadly defined futures market is a market of nearly impossible scope. You can trade future contracts for just about anything — any number of currencies, commodities like wheat or corn, livestock like lean hogs, stock market indices, bitcoin, crude oil, even next year’s average temperatures in certain cities.  That’s right, you can buy and … Read more

How to invest in penny stocks

Perhaps you’ve heard the legend. Apple Inc. once traded as a penny stock. Yes, that Apple. The one behind the iMac, iPad, iTunes, iEverything; the Apple that currently has the largest market cap in the world.  Taking stock splits into account, at one time you could have bought in for less than a dollar per … Read more

What is prop trading?

Financial markets are more accessible today than they’ve ever been. People from all walks of life are trading stocks, bonds, forex, commodity futures, derivatives, and any other financial instrument you can think of.  Good traders are supplementing their incomes and adding to their retirement funds. Great traders are getting filthy rich.  But before they started … Read more

5 Simple Steps to Managing Your Credit Cards

Credit cards can be a powerful financial tool and a great way to make purchases. However, they can also be the source of major headaches if you don’t use them wisely. Many people use credit cards without knowing the basics about how they work and what happens when you carry a balance from month to … Read more