+- Hack Forums (https://hackforums.net)
+-- Forum: Money (https://hackforums.net/forumdisplay.php?fid=241)
+--- Forum: Markets, Finance, and Investing (https://hackforums.net/forumdisplay.php?fid=281)
+--- Thread: How to start pennystocks? (/showthread.php?tid=5693602)
How to start pennystocks? - Latex™ - Aug 13, 2017
Where do I start with this? Any good guides on this? Thank to everyone who helps me in advance!
;)
* - CortexM4 - Aug 13, 2017
Shit, get a broker account that lets you trade those stocks and hope,know,predict which one of them will get more valuable in the future.
Pro tip: It helps if you are familiar with the industry that the company is in, if you are you will recognize a good product which should in theory boost the stock a bit.
* - Aus10 - Aug 14, 2017
They are great for losing money if that's the kind of thing you are into. ;)
* - zhunne - Aug 14, 2017
Take your time, prep.. Look into timothy sykes for example
* - Mikefish - Aug 17, 2017
(Aug 14, 2017 01:08 PM)Aus10 Wrote: They are great for losing money if that's the kind of thing you are into. ;)
Depend on which one you invest... I do penny stocks sometimes.. like yesterday i did around 1.4k in maybe 5minutes.. The action ''DCTH'' was 0.109$.. i bought for 17 500shares(around 1905$) at first i thougt it was stupid to invest that much into 1 penny stock since Penny IS RISKY. I read an article about that Stock and i saw loads of investors jumping in.. Maybe 5mins after i bought my 17 500 shares.. the price went up to 0.187$ Its ''only'' 0.078$ profit per share but the amount of share you can buy with penny stock is worth. After that 5minutes i sold all my share for 3272.5$ from a 1900$ investement . So 1372.5$ profit in 5minutes with penny stocks. Thats about +72.23% Return in 5minutes so yea Penny stocks can be worth it. But you its riskier. High risk high reward Good luck!
Penny stock is volatile you can make 1000$/day if you day trade penny stock, or you can lose 1000$ per day. AND you might have hard time selling the shares after you bought it because they are HIGHLY ILLIQUID
* - imnotadog - Aug 23, 2017
(Aug 17, 2017 06:12 PM)Mikefish Wrote: Depend on which one you invest... I do penny stocks sometimes.. like yesterday i did around 1.4k in maybe 5minutes.. The action ''DCTH'' was 0.109$.. i bought for 17 500shares(around 1905$) at first i thougt it was stupid to invest that much into 1 penny stock since Penny IS RISKY. I read an article about that Stock and i saw loads of investors jumping in.. Maybe 5mins after i bought my 17 500 shares.. the price went up to 0.187$ Its ''only'' 0.078$ profit per share but the amount of share you can buy with penny stock is worth. After that 5minutes i sold all my share for 3272.5$ from a 1900$ investement . So 1372.5$ profit in 5minutes with penny stocks. Thats about +72.23% Return in 5minutes so yea Penny stocks can be worth it. But you its riskier. High risk high reward Good luck!
Penny stock is volatile you can make 1000$/day if you day trade penny stock, or you can lose 1000$ per day. AND you might have hard time selling the shares after you bought it because they are HIGHLY ILLIQUID
What do you use to invest?
* - BTNH - Aug 26, 2017
(Aug 17, 2017 06:12 PM)Mikefish Wrote: Depend on which one you invest... I do penny stocks sometimes.. like yesterday i did around 1.4k in maybe 5minutes.. The action ''DCTH'' was 0.109$.. i bought for 17 500shares(around 1905$) at first i thougt it was stupid to invest that much into 1 penny stock since Penny IS RISKY. I read an article about that Stock and i saw loads of investors jumping in.. Maybe 5mins after i bought my 17 500 shares.. the price went up to 0.187$ Its ''only'' 0.078$ profit per share but the amount of share you can buy with penny stock is worth. After that 5minutes i sold all my share for 3272.5$ from a 1900$ investement . So 1372.5$ profit in 5minutes with penny stocks. Thats about +72.23% Return in 5minutes so yea Penny stocks can be worth it. But you its riskier. High risk high reward Good luck!
Penny stock is volatile you can make 1000$/day if you day trade penny stock, or you can lose 1000$ per day. AND you might have hard time selling the shares after you bought it because they are HIGHLY ILLIQUID
You can make the exact same money in forex or futures with less risk and using less money, $1k per day using $800 or $1200 instead of $2000. There's no reason to trade penny stocks when forex is available imo
* - ohxerxe - Aug 26, 2017
Look into Robinhood, also just get on youtube for a few hours a day for the next month and you will be golden.
* - NightForce - Aug 26, 2017
(Aug 26, 2017 03:42 PM)ohxerxe Wrote: Look into Robinhood, also just get on youtube for a few hours a day for the next month and you will be golden.
Yeah youtube has tons of education on the matter. To the best of my knowledge RobinHood doesn't carry pennystocks, OTC, or pinksheets. They fuck with bluechips mostly.
* - ohxerxe - Aug 28, 2017
(Aug 26, 2017 06:28 PM)NightForce Wrote: Yeah youtube has tons of education on the matter. To the best of my knowledge RobinHood doesn't carry pennystocks, OTC, or pinksheets. They fuck with bluechips mostly.
Robinhood has some certain regulations which dont allow trading of certain markets which dwindles the stocks you can look into although they have plenty of pennystocks that are accesible