New Posts  All Forums:Forum Nav:

Penny stocks - Page 2

post #21 of 23
9/20/09 at 10:45pm
Thread Starter 
Quote:
Originally Posted by Mitzter View Post
You can hold pennystocks your whole life, if you want. I don't recommend that though.

Most of the times a pennystock pops and then sells off very quickly. Some go from a penny to a couple of dollars and stays on that level. So, everything is possible.

A pennystock is a normal stock (only low value), so you can basically hold it for 50 years or longer.. at least if the company still exists by then..
Props Mitzter.

I've also learned new trading techniques (your breakout thread, sextons pinch plays ect.) What I was wondering is what is the best technique to start trading. For a beginner, I have an idea on how stuff works but I'm not sure what I want to start off with. Theres so much to choose from, any ideas of what you traders started off with? Something easy, I want to focus on 1 technique at a time then build over time.
Reply
Reply

Featured Stories on HotStockMarket

thinkorswim Trading platform
Mark's Weekly Trading Log
e-mini S&P Futures Trading
post #22 of 23
9/20/09 at 11:04pm

One Day!

I have been in the business for over 25 yrs and I can write a book on penny stocks. Not at that juncture in my life this time, so I will reserve any comments, positive or otherwise. Yes you can make it rich, but the odds are against you, so realize that from the start. I know traders reading this can give me all kinds of stories of rags to riches on buying pennies. Just giving you a wake up call that unless you really know the game, do not jump into something unless you are willing to lose everything. Do I play the pennies? You bet I do, but I know what I am doing. Do I always win? Nope!! Even after you think you have done all your dd. That is why I started my own site
and it does have something for everyone. Big Board to pennies. I try to educate as best I can, people out there trying to make the big score. Good Luck to you all and I do sincerely wish you all the best, no matter what Picks you make. However, i will challenge any pumper at his best on penny stocks if they wish to do so. I would just give you a word of caution though , if I am taken up on my challenge, you better be prepared to answer to the good, the bad and the Ugly.. Instead visit my site which it has pennystockdd.com in the url
Reply
Reply
post #23 of 23
9/21/09 at 12:18am
Thread Starter 
Quote:
Originally Posted by DRD View Post
I have been in the business for over 25 yrs and I can write a book on penny stocks. Not at that juncture in my life this time, so I will reserve any comments, positive or otherwise. Yes you can make it rich, but the odds are against you, so realize that from the start. I know traders reading this can give me all kinds of stories of rags to riches on buying pennies. Just giving you a wake up call that unless you really know the game, do not jump into something unless you are willing to lose everything. Do I play the pennies? You bet I do, but I know what I am doing. Do I always win? Nope!! Even after you think you have done all your dd. That is why I started my own site
and it does have something for everyone. Big Board to pennies. I try to educate as best I can, people out there trying to make the big score. Good Luck to you all and I do sincerely wish you all the best, no matter what Picks you make. However, i will challenge any pumper at his best on penny stocks if they wish to do so. I would just give you a word of caution though , if I am taken up on my challenge, you better be prepared to answer to the good, the bad and the Ugly.. Instead visit my site which it has pennystockdd.com in the url
Since you know penny stocks very well, what is the easiest to learn technique to start trading them? What do you look at first? Then when you find an interesting stock and look at its chart what special characteristics do you choose from the chart to determine it will be a nice buy?
Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Stock Market Education

Featured Stories on HotStockMarket

thinkorswim Trading platform
Mark's Weekly Trading Log
e-mini S&P Futures Trading