i'm kind new to the stock market ,only 3 months & just wanted to share my thoughts with people here.
i found out that Nasdaq or Amex cheap stocks (less than 5 or 10$) r much safer than most otcbb stocks and with good volume u can make good profit with much lower risk than otcbb stocks....
also i noticed that generally, volume in otcbb r much lower and it's not easy to trust a stock to put 5000$ or more in the otcbb market...
Charts in Nasdaq more reasonable than otcbb.
Filters work more logically in Nasdaq .
the only thing clear for me in the Otcbb are the rumors... they work really crazy regardless of the company or the industry, that's why i keep real time news running on my pc all the time for otcbb , other than that i won't touch this market anymore ... i just go with the news... i'll never buy a stock because there r news coming next week .. i buy when the day news come.
what u think?
Posted by Jelly on :
The volitility definitely.
I'd rather buy on rumor and sell on news though.
Posted by macdrsirules on :
Agree.
Posted by smallstuff on :
I've decided to play more in the penny-to-dollar range and play less with sub-pennies. The volatility is less but there's still a chance of big increases.
While it's fun to speculate with the sub-pennies and dream of massive payoffs (from .0012 to .40 or $1), I think it smarter to put the bulk of my money in companies with at least a shred of credibility - and maybe even some income.
Maybe one day I'll graduate into the $2 to $5 range when I have more cash to throw around, lol.
Posted by R1Man on :
quote:Originally posted by smallstuff: I've decided to play more in the penny-to-dollar range and play less with sub-pennies. The volatility is less but there's still a chance of big increases.
While it's fun to speculate with the sub-pennies and dream of massive payoffs (from .0012 to .40 or $1), I think it smarter to put the bulk of my money in companies with at least a shred of credibility - and maybe even some income.
Maybe one day I'll graduate into the $2 to $5 range when I have more cash to throw around, lol.
Its far easier to trade AMEX, NYSE, NASDAQ stocks that you can find each morning during the premarket at www.level2quotes.com and just look through the Percent high and low to find them. All you have to do is find one that moves 3%. Most people don't think of 3% as that much.....but 3% of $5,000 is $150. That is better than risking your butt I think. I usually make more than 3% and I spread it out over a higher margin than $5,000. Pm me if you need any help.