Any penny stock tips?

El_Mero_Mero

All Star
Joined
May 13, 2012
Messages
5,873
Reputation
-1,093
Daps
7,463
Reppin
NULL
For example, what is the best time of the day, or day of the week to look to sell/flip it?
 

Sugarbush

Sucka Free
Supporter
Joined
May 2, 2012
Messages
4,135
Reputation
1,008
Daps
13,653
Unless you day trade for a living, leave them shyts alone
 

El_Mero_Mero

All Star
Joined
May 13, 2012
Messages
5,873
Reputation
-1,093
Daps
7,463
Reppin
NULL
Curious why y'all would say that?

I can't see much harm into throwing $100-$200 into a penny stock. Buy it, wait for it to go up 6-12 cents, sell it, collect $20 min. profit (it's very little, but times are tough), wait for it to dip back down, then buy it again and repeat. Of course there is risk, but...
 

Tug life

I stay fly like a guillemot
Joined
May 26, 2012
Messages
3,985
Reputation
1,042
Daps
17,417
Reppin
Harlem World
Unless you day trade for a living, leave them shyts alone
This is facts. Most day traders have scanners and a complex set up to find certain stocks. For example how are you going to find the stocks and how do you know its gonna rise in price? All of this requires extensive research and experience.

On the other hand you can buy penny stocks at the morning dip around 9:30- 10:00 and sell around noon the latest thats the day trading strategy. But you still need to find out which ones to buy. You don't want to buy a stock only for it not to recover and all you're doing is losing money
 
Top