My Journey Trading Australian Penny Stocks
In 2010, I started trading Australian stocks priced under 10 cents. This is my honest account of what happened — the wins, the losses, and the lessons learned. I'm not a millionaire, and I'm not claiming to be a trading expert. I just want to share my experience so you don't have to learn everything the hard way like I did.
Why I'm Writing This
Maybe you've already tried the stock market, lost some money, and walked away. But you're still here reading because deep down you know you don't want to spend your whole life working for someone else. That makes sense. The good news is you don't need to quit your day job to get started. You can place trades from your phone or set them up in the evening to execute the next morning.
Watch Out for "Pump and Dump" Scams
I subscribed to a lot of free stock newsletters early on. What I noticed was that many of them recommended stocks after the price had already peaked. This is known as a "pump and dump" — where someone hypes up a stock so they can sell their own shares at a high price, leaving everyone else with losses. Always do your own research before buying anything.
The Biggest Lesson I Learned: Greed Kills Profits
There were times I was sitting on a 20% profit and all the signals were telling me to sell. But I didn't. I told myself it might go higher. It didn't — it dropped. I still held on, hoping it would recover. It dropped more. By the time I finally sold, I'd gone from a 20% gain to a 20% loss. That's a painful swing that could have been avoided.
The fix? Use a stop loss. Decide in advance how much you're willing to lose, and stick to it. It takes emotion out of the decision.
Keep It Simple
For a while, my strategy was working well — I nearly doubled my money in a year just from reading books and keeping things straightforward. Then I made the mistake of overcomplicating it. I added more and more chart indicators until I couldn't see clearly anymore.
The lesson: when something is working, don't change it. Find 3 or 4 indicators you trust and stick with them. Remind yourself often — Keep It Simple.
From Penny Stocks to Crypto
After years of trading penny stocks, my interest shifted to cryptocurrency — and Crypto Pennies was born. The same lessons apply: keep it simple, control your emotions, and always protect your losses. I now use my own custom-built scanners to find tokens worth watching, and I share everything here — the buys, the sells, and the results.
Where I Am Now
I'm trading crypto with a back-to-basics approach. My goal isn't to get rich overnight — it's to build some extra income steadily over time. I'll be sharing my trades, charts included, so you can see exactly what I did right and where I went wrong.
The Core Message
Educate yourself, control your emotions, keep your strategy simple, and always protect your losses.
Nothing on this site is financial advice. Full disclaimer at cryptopennies.au/p/disclaimer