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Whats the most $$$ you made off a Penny Stock?

post #1 of 12
Thread Starter 
I am new to Penny Stocks. I would love to hear success stories from people who made alot of $$$ in a Penny Stock.
post #2 of 12
Quote:
Originally Posted by shakattack View Post
I am new to Penny Stocks. I would love to hear success stories from people who made alot of $$$ in a Penny Stock.
Dude, you will get NO good from any answers that come to you. A little more than a year ago, I read a thread similar to this of these guys who make all these riches... I continued with penny stocks and lost over a grand and got out. 1k really isn't THAT much, but as a college student, it is.

My advice is to paper trade on penny's for a LONG time and do A LOT of homework before you invest one dime of your hard earned money into penny's. Go into more reputable stocks. I've been making great $$ off Apple and some oil plays (ACGY if you were wondering).
post #3 of 12
i made 1300 bucks 2 days ago on nvd..actually i should have made 2000 ..not bad for being in high school
post #4 of 12
Quote:
Originally Posted by shakattack View Post
I am new to Penny Stocks. I would love to hear success stories from people who made alot of $$$ in a Penny Stock.
Almost 50k. Got into PYPR ( Now PNMS) at .0002 and had it jump within a few months to .008 . I forgot how many shares I had think it was like 6-8 mil. But it was nice waking up to see my big balance.

But dont think pennies are the holy grail. I got lucky. But where did my winnings go? All sucked away by other penny stocks(which there are ALOT of bad ones). So today my balance is so embarrassing I wont even post it. But Pennies are to be played VERY carefully. If you make ANY profit from them. Take your profit and get out.
post #5 of 12
Maybe you were really just curious to know about how much people have made in pennies and don't need any 'warnings', but just in case, I have to say that pennies are the worst thing out there robbing people of their money.

The number one thing to watch for if you're going to play pennies is volume. You need to have lots of money traded in order for any chart pattern to be valid. Number two is, play uptrending charts. 9/10 pennies are downtrending and that won't change. You're basically just trying to get lucky on a pop. Even with a good pattern play, you're going against the long-term trend and drop VERY quickly again.

I've just discovered options and I can tell you that the potential for profits is MUCH greater than any penny out there. Options that go up 100%, 200%, even 1000% fill the screen daily. You can bet on the stock going up as well as down. However, there are things to be careful of, so study up on options and how they work before diving in.
post #6 of 12
I believe everyone on HSM has lost plenty of money in pennies. I have lost money in pennies and don't plan on ever owning another one. I am a college student so I am allowed the pleasure of losing money while I'm still young. The problem with pennies is that 95% of the time you learn or hear about the stock when it has already made its move and the pumpers have exited their positions. So you're entering the trade on the very top. Pennies have no true intrinsic or fundamental value which is the reason I trade options. Most people are drawn to pennies because of the incredible gains they've seen or heard about. Options can do the exact same thing for you but I feel you have much more hard data about what kind of movements you will see rather than from a penny. Sorry to stray off the subject. I've only ever owned maybe 5 or 6 pennies and lost in all of them. Nothing really big. My best option trade yielded me nearly 300% in less than an hour.
post #7 of 12
I am not sure if he posts here anymore, but Kapone supposedly made $100k on the FHAL/CSHD rise.

That being said, if you must invest in penny and micro cap stocks, it would be wise to put your money into something that truly has a good business plan, or a reverse merger of a legitimate company.

Things that never work:
- Anything with "cash card" or "atm"
- WiFi
- Cellphone/VoIP
- Automotive parts : mufflers, body kits, intakes, etc etc
- RFID for the purpose of tracking Avian flu in chickens
- and so forth

Lets be honest, there have been some penny stocks that have turned out to be legitimate companies and are doing quite well. Overshadowing that is a lot of garbage and ridiculous ideas that these "companies" try to push. The hardest part is to find the gems.

Treat it like a casino - there is a chance you lose everything in that one investment.
post #8 of 12
SCRA in at 8 cents out at 18 cents It went to .30 but I took my profits. It sits at .08 today and moves quite a bit back and forth. Fun to flip if you have what it takes. I am currently playing AWTI and up quite a bit. Looking for it to be a credible company. Also, Soyo at one time was a penny stock and today it sits at 1.27. Most of us have been in since before 1.00. Not going to let you retire but it's a start. We think it will continue through 2-3 dollars. I have a few losers as well. RVGD is killing me, Not sure why it trades for a fraction of what I got in at. Lots of naked shorters on the penny stocks I guess. Wish I knew how to do it.
post #9 of 12
I myself started trading at the end of 06 and jumped in, inexperienced with 10 grand to play with,all i played was pennies all last year,My accound ast of 12-15-07 had a balance of around 1k.So you do the math,but i put 2 k in this year to play with and i bought 100k shares of nsmg hurricane stock to play the momo and it went to .10 the other day so there was 7k in a few days but im still holding and i think its at .07 right now so im still over 100% profit in less than a week.So its possible but 99% you will lose.
post #10 of 12
I made a lot. But I am an exception to the average trader.

The key is this. Learn how to Trade pennies. Get a subscription to MicroCapFeed if you are going to be an active trader. Trade smart and ride freebies.

And, to answer the question, i once put $550 in a stock and took out over $20k in 3 hours. But that happens ONCE in a lifetime......if you are lucky.

-Spec
post #11 of 12
Quote:
Originally Posted by Spectre View Post
I made a lot. But I am an exception to the average trader.

The key is this. Learn how to Trade pennies. Get a subscription to MicroCapFeed if you are going to be an active trader. Trade smart and ride freebies.

And, to answer the question, i once put $550 in a stock and took out over $20k in 3 hours. But that happens ONCE in a lifetime......if you are lucky.

-Spec

Was this that SMXT monster on its 10000%+ day?
post #12 of 12
when ADSX was trading in the .20 range before the RS years ago I made $125k but that was a NAS stock.in the OTC's there have been quite a few I made between $30k-$50k off of and that does not include the 100% profit base from free shares holding.If you play'em right a good penny stock can easily net you a 6 digit profit.
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