Current lottos I'm holding: MONA, XHUA, FFGO, TNRI, TYRIA
Watching and possibly starting a position at some point: WIFT, MMTE, IHGP, IVIT
In the past I've had trouble trading .000X stocks, mainly because I think I was playing them wrong. These stocks can have tons of potential upside to them, but they are all guaranteed to be extremely high risk. Depending on the actual spread (difference between the bid and ask), if you were to buy at the ask, instantly you'd be down from 10% to 50% (actually 100% on stocks with no bid). My new philosophy with this type of stock now is to treat them like actual lotto tickets. The money set aside for them will be 100% expendable with the hopes that I hit it big on one or more of them.
Throwing $500 at one of these is no different than trading $5000 worth of a normal stock with a 10% stop loss, except here your loss is guaranteed to be only $500 (your $5k trade could gap down or get halted, causing you to lose more than $500), you're only tying up $500 instead of $5k, and your potential upside is just as high, if not higher (considering you can see runners go for 10x, 30x, 50x, or even more).
This all sounds great in theory, but the problem is there are tons of these stocks and only a small amount of them actually end up doing anything. This thread is going to be a list of any stocks that fit the criteria for a lotto, they generally will be triple zero and maybe double zero penny stocks, and most importantly they need to have something in the charts that makes me believe the price is most likely to head (much) higher.
Some of the things I look for in these setups are:
-Seriously depressed prices
-Huge volume spikes out of nowhere followed by lower volume pullbacks
-Longer term trends starting to turn up, which can easily be identified by looking at some of the longer term moving averages. Is the price above the 50 MA? Is the 50 MA angling up? Is the 50 MA on top of the 200 MA? How about the weekly chart, where is price is relation to the weekly 50 MA?
There is no one specific thing I'm looking for here, just anything that really stands out to me that makes me think the stock is getting ready to blow up. I don't care if it's because of hype and rumors, insiders loading up, shorts getting squeezed, or any combination of them. The main thing is that there is something in the chart that makes me think something is up.
Before I go posting the plays, let me throw out this last disclaimer to make the thread's purpose very clear.
-I am not recommending you buy anything!
-These are extremely high risk plays that I am in or looking to possibly play, if you should decide to play any of them solely because I do, understand the risks involved.
-Personally, I am playing these by buying small positions that I can afford to lose, and just holding them. If they blow up in a week, great, but there is no time limit on them and my intention is to just wait them out.
-If you choose to copycat me and then in a month complain that the stock hasn't done anything, then there was a communication problem here.
Watching and possibly starting a position at some point: WIFT, MMTE, IHGP, IVIT
In the past I've had trouble trading .000X stocks, mainly because I think I was playing them wrong. These stocks can have tons of potential upside to them, but they are all guaranteed to be extremely high risk. Depending on the actual spread (difference between the bid and ask), if you were to buy at the ask, instantly you'd be down from 10% to 50% (actually 100% on stocks with no bid). My new philosophy with this type of stock now is to treat them like actual lotto tickets. The money set aside for them will be 100% expendable with the hopes that I hit it big on one or more of them.
Throwing $500 at one of these is no different than trading $5000 worth of a normal stock with a 10% stop loss, except here your loss is guaranteed to be only $500 (your $5k trade could gap down or get halted, causing you to lose more than $500), you're only tying up $500 instead of $5k, and your potential upside is just as high, if not higher (considering you can see runners go for 10x, 30x, 50x, or even more).
This all sounds great in theory, but the problem is there are tons of these stocks and only a small amount of them actually end up doing anything. This thread is going to be a list of any stocks that fit the criteria for a lotto, they generally will be triple zero and maybe double zero penny stocks, and most importantly they need to have something in the charts that makes me believe the price is most likely to head (much) higher.
Some of the things I look for in these setups are:
-Seriously depressed prices
-Huge volume spikes out of nowhere followed by lower volume pullbacks
-Longer term trends starting to turn up, which can easily be identified by looking at some of the longer term moving averages. Is the price above the 50 MA? Is the 50 MA angling up? Is the 50 MA on top of the 200 MA? How about the weekly chart, where is price is relation to the weekly 50 MA?
There is no one specific thing I'm looking for here, just anything that really stands out to me that makes me think the stock is getting ready to blow up. I don't care if it's because of hype and rumors, insiders loading up, shorts getting squeezed, or any combination of them. The main thing is that there is something in the chart that makes me think something is up.
Before I go posting the plays, let me throw out this last disclaimer to make the thread's purpose very clear.
-I am not recommending you buy anything!
-These are extremely high risk plays that I am in or looking to possibly play, if you should decide to play any of them solely because I do, understand the risks involved.
-Personally, I am playing these by buying small positions that I can afford to lose, and just holding them. If they blow up in a week, great, but there is no time limit on them and my intention is to just wait them out.
-If you choose to copycat me and then in a month complain that the stock hasn't done anything, then there was a communication problem here.
