Hey everyone, I have recently started a paper account and have been trading penny stocks. I suppose I have adopted a strategy of scalping. My concern is whether or not my virtual trading strategy would work realistically with order demand, etc.. at least within the penny stock market. I am deliberatley choosing stocks with relatively high volume assuming that realistically this would allow me to get out of a trade once I'm in. Let me give an example of a couple of the trades I have been making and hopefully someone could give me some feedback as to what might be wrong with them in a real world scenario.
Buy 2,300 shares of MDW at .8628
Sell 2300 shares of MDW at .8900
And another one...
Buy 10,000 shares of APDN at .1020
Sell 10,000 shares of APDN at .1040
I know about pattern day trading rules and I know I'm not making a whole lot of money on these types of trades and have considered commission costs as well. I worry if these trades will actually go through though. Anybody have experience trading like this?