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help I can't buy... - Page 2

post #21 of 72
Thread Starter 
ok guys i went to investopedia and learned what bid and ask are what floats, are what volume is etc. I looked at the rsi and bollie, and macd overlays, and i checked out some the candlestick patterns. What else do i need to know?
post #22 of 72
Quote:
Originally Posted by n00b_101
man buy some .... before its too late. gl
You really shouldn't be pumping picks to noobs. Its bad form. They need to get to where they make their own decisions. If they lose money on your pump they'll just blame you rather than themselves. And they will learn nothing about trading.
post #23 of 72
Thread Starter 
how much should i put into it i got 200. What price should i buy it at? Please just help me with my first big trade. I'm not gonna blame him i understand its my money.
post #24 of 72
Quote:
Originally Posted by Rbreb13
You really shouldn't be pumping picks to noobs. Its bad form. They need to get to where they make their own decisions. If they lose money on your pump they'll just blame you rather than themselves. And they will learn nothing about trading.
from this kids posts he doesnt want to learn how to trade he has 200 bucks and wants to make a quick buck, i dont see a better pick for him then a shell stock, my previous posts also had the meaning that this is very risky and he may lose it all, he knows we are in pennyland and you may lose your ass!, dont forget he only has 200 bucks and he wont make any in daytrading i dont think it will even cover commissions if he made any gains.
post #25 of 72
I agree about the not wanting to learn. That doesn't mean you should encourage the behaviour.

Just for info though. Shells can sometimes take forever to pay off. Also you need to have an exit strategy.
post #26 of 72
Quote:
Originally Posted by alih
ok guys i went to investopedia and learned what bid and ask are what floats, are what volume is etc. I looked at the rsi and bollie, and macd overlays, and i checked out some the candlestick patterns. What else do i need to know?
Alih, I suggest you forget anything priced under 1c... Those 0.0001 stocks always suck in the noobs because they think its easy money. Well, there is a reason those stocks are priced so low...

If you walk into the grocery store and you see nice ripe bananas selling for $3, then you see some brown mushy bananas next to them selling for 20c... which ones are better?
post #27 of 72
Thread Starter 
I get your point stock jock but the only reason I'm interested in that PXIT stock is EVERYDAY i see it go from .0001 to .0002 and once a month it goes to .0003 so i figured if everyday i buy it for .0001 when it goes to .0002 my money will double and im using choice trade specifically for pennies. Here is pxit chart
post #28 of 72
Thread Starter 
What do you guys think? Oh and I've tried paper trading and yes my theory is true in two days on vse i have 350% total return
post #29 of 72
the problem is you can never get in at .0001 and never sell at .0002
no one will ever sell a share at .0001 unless somthing bad is going to happen and then you wouldnt want to get it.

stocks are not that easy or everyone would be millionares.
post #30 of 72
Thread Starter 
well on choice trade can i buy it at .00012 or .00015. If my only option is .0002 then how can i make money off of it?
post #31 of 72
Quote:
Originally Posted by alih
I get your point stock jock but the only reason I'm interested in that PXIT stock is EVERYDAY i see it go from .0001 to .0002 and once a month it goes to .0003 so i figured if everyday i buy it for .0001 when it goes to .0002 my money will double and im using choice trade specifically for pennies. Here is pxit chart
That is probably the most common mistake that noobs make. If it was really that easy, we would all be millionaires.

You will never get filled at 0.0001, and even if you do and the stock goes to 0.0002... you need enough buyers to sell to, otherwise you will not be able to sell.

There are 10,000 newbie investors out there thinking the exact same thing you are.

If everything is thinking the same, then somebody is not thinking.
post #32 of 72
Quote:
Originally Posted by alih
well on choice trade can i buy it at .00012 or .00015. If my only option is .0002 then how can i make money off of it?
thats our point! its not easy, you have to wait for it to move to .0003 or .0004 to actualy make money in pennies
post #33 of 72
Quote:
Originally Posted by alih
okay what are shell stocks? sorry im only 14. need cash for music equipment.
Yikes! Get a real job first. And paper trade before you start to play with real money. $200 was a lot to me at your age and I would not risk it in the pinks IMO.

If you are really determined then check out this before doing anything else.

http://www.hotstockmarket.com/forums...splay.php?f=47
post #34 of 72
Quote:
Originally Posted by wallst.neil
what does "bump" mean?
post #35 of 72
Thread Starter 
My parents won't let me get a real job if i could i would do computer repairs at a local shop. Oh and Matt how do i know its about to move to .0003 or .0004, are any of these stocks any good ILGY MUME PNMS ACMG.
post #36 of 72
Quote:
Originally Posted by alih
My parents won't let me get a real job if i could i would do computer repairs at a local shop. Oh and Matt how do i know its about to move to .0003 or .0004, are any of these stocks any good ILGY MUME PNMS ACMG.
The point is people almost always lose their initial investment playing pennies. Call it your tuition. It is not easy money. Either play that 200 dollars with the intentions of learning (kiss it goodbye) or paper trade for a while (months). If you paper trade make sure you buy at the ask and sell at the bid. You'll either learn the hard way or the not quite so hard way if you listen to us.
post #37 of 72
Thread Starter 
ok i'll take your advice and just paper trade, but what should i do with the 200 is there any shell stock i can dump it into or is the one earlier suggest good enough?
post #38 of 72
Thread Starter 
I don't wanna i need to save it so i can buy music equipment. Well is there any other good shell stocks i could dump some cash into?
post #39 of 72
Well, with shells you usually want to buy one that has been sitting around bottom for a long time. Then you kinda hope for a Merger to come to it. Reverse Mergers really big right now and you can make a mint on em. I'm not gonna recommend any because I'd only be pumping the stock I all ready own. Also, everyone who "recommends" a stock is doing the same thing. "oh stock #### is AWESOME, to the moon, blah blah." its all a load. I'd save that 200 in your account for a while and paper trade like everyone else said. If you listen to people about what to buy you'll lose your money fast.
post #40 of 72
Quote:
Originally Posted by alih
I don't wanna i need to save it so i can buy music equipment. Well is there any other good shell stocks i could dump some cash into?
If that $200 is really burning a hole in your pocket, I will send you my address and you can give it to me. Somebody might aswell enjoy it because you are going to lose it anyway.

Listen to simonyadig, try to pretend trade for at least 3 months and see how it goes. Then only once you are comfortable and understand a bit more, commit some money.
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