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Hello, Here is one question I have about trading pennies. Today I watched one stock swing from -20% to +40% in a matter of seconds, literally. It did this several times. For one, is it possible to catch the -20% to buy and sell immediately at the +40%? I just don't understand how a stock can swing so drastically. What is a typical day like as a day trader? I just read some posts in the "whats your ago post" and saw some people saying they are holding on to a few pennies. I thought was a cardinal rule; not to hold on to a penny stock. I see some stocks have huge posts 24 pages long. Do you guys mainly focus on only a few penny stocks and determine which is going to hit today then see what happens with the others the next day? I'm just trying to figure out how to trade penny stocks. I know how to trade higher priced stocks but I imagine its a whole new world since it can be hard to find buyers for pennies, follow trends, predict surges, etc. Whats a typical day for a day trader in pennies? Matt
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Well, you invest your money, and lose most of it really fast! At least that's how it has worked for me so far. Keeping the faith, though. LOL
quote:Originally posted by permanentjaun: Hello, Here is one question I have about trading pennies. Today I watched one stock swing from -20% to +40% in a matter of seconds, literally. It did this several times. For one, is it possible to catch the -20% to buy and sell immediately at the +40%? I just don't understand how a stock can swing so drastically. What is a typical day like as a day trader? I just read some posts in the "whats your ago post" and saw some people saying they are holding on to a few pennies. I thought was a cardinal rule; not to hold on to a penny stock. I see some stocks have huge posts 24 pages long. Do you guys mainly focus on only a few penny stocks and determine which is going to hit today then see what happens with the others the next day? I'm just trying to figure out how to trade penny stocks. I know how to trade higher priced stocks but I imagine its a whole new world since it can be hard to find buyers for pennies, follow trends, predict surges, etc. Whats a typical day for a day trader in pennies? Matt
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I invest in "big board" stocks and play with penny stocks. It's a crap shoot. Just be willing to loose it all before playing penny stocks, read with caution and do your own DD.
I will say not to buy a penny stock that has had a reverse split. Most of the time the pps will drop after the R/S. Some will tell you it's a scam. It's a SEC loophole for companies to force investors to cash out and loose their shares.
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