Originally Posted by SD_Paco
I know it's a newbie question... But is is easy to buy at .0001 then sell same day at .0002? It seems like this would be an easy and profitable strategy on his one
Almost never. On a good 1 -2 flip you might be fortunate to flip in the course of a week but usually several weeks or longer. Some of us have had to hold for a year. You have to have the patience and guts to survive in these because you have to be willing to take a Reverse Split and subsequant pps drop which inevitably wipes out your $. It is the largest risk in these. The longer you hold the longer you're exposed. Of course, if you are buying at bottom, you can usually sell at bottom fairly easily and only lose trading fees(better have a low-cost broker). However, if they tank to no bid, you may have to wait months to get out at .0001 or not at all if they get delisted or go bust. But that is more less likely if you pick the right companies. So, pick well my young Jedi.
Sounds fun right??