posted
Hello all. I used to trade micropennies until I got burned (mlon). It made me realize that I needed to trade more secure stocks. Now I trade what proffesionals would conider pennies, (under 5 dollars) I do not have problems with buying or selling shares or faulty companies. I knew this was the way to go before, but I was greedy and looking for that explosive penny to make me rich. To anyone who is still doing that good luck. To everyone else I invite you start trading the "real" pennies. I have access to a database and I only pick stocks in strong upward trends and play for them for 1 week only. For those of you who do not believe me, I will post what I pick on Mondays and just watch the value of these "real" securities rise. Here's how this week is going.
ANX 04/04/04 Bought 1.65 now 2.09
CFPC 04/04/04 Bought 1.90 now 3.1500
For those who are skeptical, just watch. Just check out the graphs, of these two and realize that, tons of people are buying and selling, graet gains, real companies, and most importanly strong upward trends
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I agree, it's not as exciting as pennies, but it is secure weekly profits and honestly I think a little bit every week is more than the average penny chaser will ever see
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Yeah I started out buying stocks that were like $15 and $30 dollars and stuff they would go up but I didnt have enough cash to invest right so I would barely make any cash after the $9.99 each way. A cup with a handle was formed it broke out nicely I got in at the right point boom it went up a little then boom I got the sell singal and my cash was less then what I started with. If I had tons of cash I would consider more expensive stocks. I dont think the charts work as good here in subpenny land but I am making more cash here for now.
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Only prob is , some people trading pennies are doing so because they don't have that much money to throw around , and you can get sheer volume with cheaper stocks if you don't .
Well , you made a claim , so now it's time to see results , but really you should post in the above .10 section , this is for the pennies .
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Svrider, I respect where you are coming from, but that's the attitude that makes people lose because they go searching for quick and easy money. That's why I'm looking to trade IN THE MIDDLE. Not prrm or cmkx at .0001 and not IBM at 90.00. Instead, stocks between 1 and 5 dollars that are:
1. real companies 2. continuous high volume=continuous high price 3. Strong upward trend
Slow and steady will win the stock race unless you think you think you are better than everyone else.
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I bought CFPC at $1.10 and sold at $2.20 - made 6K (Should have held longer)... (no place to post high priced stock plays here) However, I do play them. I look forward to seeing your picks.
quote:Originally posted by Nemesis: I bought CFPC at $1.10 and sold at $2.20 - made 6K (Should have held longer)... (no place to post high priced stock plays here) However, I do play them. I look forward to seeing your picks.
GL
Bro if you got a stock that is worth looking at post it if its under $5! We all do..
-------------------- "Never stop dreaming." the most successful ppl in the world dream about things they want and then go after those dreams.. dream big and work to make those dreams a reality.
Warning all posts by this person are considered to be false and not factual.
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Utter nonsense. I play multiple boards....DOW, NASDAQ, and OTCBB..I play each DIFFERENT..it's based on HOW you play, AND how that market plays...ALL are volatile....there is NO SURE FIRE WAY to play....maybe the OP is just better at $1-$3 plays...that's fine, but the rest is PERSONAL ability and preference..know your strengths and weaknesses....JMHO....GL
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;)
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nemesis, congrats. How did you know to get in before the surge in price. The database only shows stocks that have already taken off. What made you buy it then because I wish I knew to do that.
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Personally I like Peter Leeds....He likes stocks 5 bucks and under...Sometimes his picks are a little shy on the volume...Also you have to subscribe...He claims to own no position in his picks..Hence no bias...This thread will get run over by a train here it should be on the .10 and over.good luck.
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None pennies/micropennies stocks are for folks with low blood pressure... Pennies/micropennies stocks are for high blood pressure folks...
I'm in pennies and micropennies is because it has its excitement each day... I EXTREMELY EXTREMELY hate looking at one stock every damn day and see that it moves up and down by 0.05% or whatever... Pennies/micropennies stocks makes me look forward to wake up at 9:30am and ends my good day at 4:00pm, loosing or winning, everyday is still an excitement day...
So when you say that your weekly stocks is the best standard of investing, I kind of disagree with you... Many people in this board successfully have made money, people such as KTrain... WHOOT WHOOT... Leader of the penny stocks pack... =) But for one to make money, another will loose money, just a matter of how quick you are when doing pennies/micropennies...
-------------------- If you don't have a plan, click that little X at the top, and never trade again.
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Just take a look at the micro penny topics page, you see " halted SEC" "reverse split" and "fake pr?" Please question that kind of stuff so you can hold on to your cash
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Smart and successful..Someone around here says know when to hold um know when to fold um...Maybe when you were in sub-penneys you should of learned that.
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quote:Originally posted by Smart and Successful: Just take a look at the micro penny topics page, you see " halted SEC" "reverse split" and "fake pr?" Please question that kind of stuff so you can hold on to your cash
Which is another reason why you should do good DD on it before you jumped in... Recommend research sites that are free are otcbb.com, finance.yahoo.com, and your own broker's tools... Those are the three I have used, make my own calculation out of those numbers, see what sec filling will be done, etc
-------------------- If you don't have a plan, click that little X at the top, and never trade again.
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Before, I hated the damn micropennies stocks because I put in $1000, and it came out to $37 on that IBZT... And recently sold it like two days ago and move on...
-------------------- If you don't have a plan, click that little X at the top, and never trade again.
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Well the problem is not trading pennies, its holding them. I made money off of MLON myself. Its called buy low sell high. THe ones that held it long are the ones that lost. All these people holding after a huge run and thinking the it will hold should read the DOW THEORY.
There is plenty to be made in the market. All you need to do is look for patterns and play them. CNES has been a good one but I think it is going dead. They have been diluting and just announced another year of raising capital (dilution) so I think it may not play like it has in the past. Thats what you have to look for in this market. Watch the ones you trade for signs of dilution that could cause the play to stop. All stocks have ups and downs. The best thing about pennies is they tend to run at a higher percentage. If you know what stocks to play then you will make good cash.
Holding these stocks long hoping for that huge payday will only hurt you. I see it so much on this board. These so called hot stocks that get played long only to see all the great profits they could have gotten lost by not sell after a run. These stocks will retrace and play again. Make your profit. Not to say any of them are bad but look at these for example. GZFX, TCFT, QBID, WMNI, and ONEV. All these were last years gold mines and longs lost there butts holding them past there prime. Not that some may not have life left but just think what you could have done with those profits.
Basically, The pennies can play just like your playing the larger amounts. Just learn to sell for profit and not get greedy because you think this is the one stock that will make it and its going higher. I would rather lose 50% MORE then lose the 50% I got in the first place. Never look back if you make a profit. Greed kills. One in ten that could be, could lose you on the other nine. JMHO
Ric
-------------------- Invest with your brain not with your heart.
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Thats not the best ones for micropennies IMO. There not bad, I use them but they are the last place I use.
quote:Originally posted by TTmaster99:
quote:Originally posted by Smart and Successful: Just take a look at the micro penny topics page, you see " halted SEC" "reverse split" and "fake pr?" Please question that kind of stuff so you can hold on to your cash
Which is another reason why you should do good DD on it before you jumped in... Recommend research sites that are free are otcbb.com, finance.yahoo.com, and your own broker's tools... Those are the three I have used, make my own calculation out of those numbers, see what sec filling will be done, etc
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by Ric: I would rather lose 50% MORE then lose the 50% I got in the first place. Never look back if you make a profit. Greed kills. One in ten that could be, could lose you on the other nine. JMHO
Ric
Smart and Successful, These are the type of quotes you should looks for, when doing stocks... These helps you make decisions on what to do...
-------------------- If you don't have a plan, click that little X at the top, and never trade again.
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posted
i live by the penny and die by the penny these day's, i love penny's!!! ya just have to know how to PLAY them, they are not investment's they are PLAY'S.......these things are not long hold's, atleast the way i play, i don't even know what the hell the company does and don't really care, they will probably be outta business in a year anyway's! all depend's on how ya wanna play.....if long term is how you wanna play, this is not the place for you........
this is my first year that im lookin' at breaking that 6 figure mark and man is it SWEET!!
all my opinion ........GOOD LUCK TO ALL!!
-------------------- "IT'S NOT LUCK IT'S DAYTRADIN'"
"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"
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How do you get your DD. What sites do you use? Where do you learn how to read charts? Here is some of my favorite places to research for the best due diligence. I like doing DD and finding new places to look.
Try these two DD tools to be quick and good with your facts. At pinksheets in a matter of seconds under Company Info I can give you o/s, any r/s, company name changes, or planned changes and more. Quotetracker is a program you install on your computer. I wouldn't survive without it in a quick paced market. Tons of TA and FA with dd. Shoot pinksheets is my homepage on Firefox browser for quick reference. This is the first two places I go for fast due diligence.
www.pinksheets.com {Company Info tab is loaded with information} {SEC Filing Tab - wow} {News Tab - Pr's at your finger tips}
www.quotetracker.com - after you set it up add a symbol quickly then charts, news, research, and raw data at your finger tips. Great charts.
DD is mainly knowing where to go.
FA Fundamental Analysis
www.pinksheets.com - first place to look!!!! Go to Company info for o/s. r/s, name changes, and many other facts. Go to SEC tab to look for filings. News tabs for latest news that may not show up through normal wire service.
quote:Originally posted by Smart and Successful: nemesis, congrats. How did you know to get in before the surge in price. The database only shows stocks that have already taken off. What made you buy it then because I wish I knew to do that.
I was playing stocks off there 52 wk highs. I watch for stocks that clear there 52 wk high in the last 30 min. of the market being open (there is more to it then just clearing theres highs). I got in CFPC on 3/17 when it cleared it's first 52 wk high. - CBAG is another I played on 3/18 go in that at $2.49 (sold that out at $3)... NVBG is another I go in at $1.60 on 3/22 (sold that at $2)
andrewAAB - on allstocks I mostly just stuck with the sub-penny stocks talk. I will start posting my higher priced plays on the "under $5" thread.
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this is my only job so i take it quite serious these day's.....i have a real estate license quit that job and do this full time these day's........ya can't sit around all day for free....unless ya "daytrade".....hehe
-------------------- "IT'S NOT LUCK IT'S DAYTRADIN'"
"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"
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quote:Originally posted by Ric: Well the problem is not trading pennies, its holding them. I made money off of MLON myself. Its called buy low sell high. THe ones that held it long are the ones that lost. All these people holding after a huge run and thinking the it will hold should read the DOW THEORY.
There is plenty to be made in the market. All you need to do is look for patterns and play them. CNES has been a good one but I think it is going dead. They have been diluting and just announced another year of raising capital (dilution) so I think it may not play like it has in the past. Thats what you have to look for in this market. Watch the ones you trade for signs of dilution that could cause the play to stop. All stocks have ups and downs. The best thing about pennies is they tend to run at a higher percentage. If you know what stocks to play then you will make good cash.
Holding these stocks long hoping for that huge payday will only hurt you. I see it so much on this board. These so called hot stocks that get played long only to see all the great profits they could have gotten lost by not sell after a run. These stocks will retrace and play again. Make your profit. Not to say any of them are bad but look at these for example. GZFX, TCFT, QBID, WMNI, and ONEV. All these were last years gold mines and longs lost there butts holding them past there prime. Not that some may not have life left but just think what you could have done with those profits.
Basically, The pennies can play just like your playing the larger amounts. Just learn to sell for profit and not get greedy because you think this is the one stock that will make it and its going higher. I would rather lose 50% MORE then lose the 50% I got in the first place. Never look back if you make a profit. Greed kills. One in ten that could be, could lose you on the other nine. JMHO
Ric
Good advice RIC... I can't stress it enough. DON"T BE GREEDY! Take my word for it! lol Everytime I get greedy I don't make chit!
GLTA
-------------------- "Never stop dreaming." the most successful ppl in the world dream about things they want and then go after those dreams.. dream big and work to make those dreams a reality.
Warning all posts by this person are considered to be false and not factual.
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quote:Originally posted by Smart and Successful: nemesis, congrats. How did you know to get in before the surge in price. The database only shows stocks that have already taken off. What made you buy it then because I wish I knew to do that.
I was playing stocks off there 52 wk highs. I watch for stocks that clear there 52 wk high in the last 30 min. of the market being open (there is more to it then just clearing theres highs). I got in CFPC on 3/17 when it cleared it's first 52 wk high. - CBAG is another I played on 3/18 go in that at $2.49 (sold that out at $3)... NVBG is another I go in at $1.60 on 3/22 (sold that at $2)
andrewAAB - on allstocks I mostly just stuck with the sub-penny stocks talk. I will start posting my higher priced plays as well.
quote:Originally posted by andrewAAB: Good advice RIC... I can't stress it enough. DON"T BE GREEDY! Take my word for it! lol Everytime I get greedy I don't make chit!
GLTA
I think this goes to all forms of gambling
-------------------- If you don't have a plan, click that little X at the top, and never trade again.
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quote:Originally posted by Ktrain420: this is my only job so i take it quite serious these day's.....i have a real estate license quit that job and do this full time these day's........ya can't sit around all day for free....unless ya "daytrade".....hehe
For real! I mean I live in Florida! I don't want a real job....lol I hated waking up at 6 and driving to work and seating in traffic.. I love daytrading!
-------------------- "Never stop dreaming." the most successful ppl in the world dream about things they want and then go after those dreams.. dream big and work to make those dreams a reality.
Warning all posts by this person are considered to be false and not factual.
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quote:Originally posted by Ktrain420: this is my only job so i take it quite serious these day's.....i have a real estate license quit that job and do this full time these day's........ya can't sit around all day for free....unless ya "daytrade".....hehe
For real! I mean I live in Florida! I don't want a real job....lol I hated waking up at 6 and driving to work and seating in traffic.. I love daytrading!
LOL, I was thinking of quitting college and do this after he said that... =D
-------------------- If you don't have a plan, click that little X at the top, and never trade again.
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