If you were new to trading online and you had 2000 dollars to invest, which one of these micro stocks would you put your money in, and why ?
Posted by kdb83182 on :
DDSI, just read through the thread about it. The PPS has been pushed into the toilet by the MMs and it looks like its about to pop back up.
jmho
KDB
Posted by Drunner611 on :
well, if you could sit * your computer screen all day, and watch every second. I'm sure sto*kster will release 1 or 2 more picks tomorrow A.M. if you like the pump and dump. That would be short term of course. Long term, i couldn't help you. RSHN maybe. idk
glta in the am.
Posted by will on :
Why don't you start by reading this thread on the General Investing Forum :
If it is too long, too cumbersome, too bothersome, too boring, I will give you an option:
Send me a check for $2,000. I will cash it and put it in my savings account. In return I will give you a minimum of 5 stocks to cheer for. After a month you will be exausted, and see them go up and down cheering when they do well, and getting pissed when they don't do well. After a months time I will return $1,000 to you. That is the cheapest tuition you will ever pay for learning the joy and suffering of playing the pennies.
Posted by Drunner611 on :
quote:Originally posted by will:
Send me a check for $2,000. I will cash it and put it in my savings account. In return I will give you a minimum of 5 stocks to cheer for. After a month you will be exausted, and see them go up and down cheering when they do well, and getting pissed when they don't do well. After a months time I will return $1,000 to you. That is the cheapest tuition you will ever pay for learning the joy and suffering of playing the pennies.
Haha, yeah, give will 1k and me the other 1k.
Posted by eld24 on :
Thank you both for your input. I have a small investment of 500 dollars of ADVC at .0008. For the last month or two I have faithfully read the post each and everyday about PAIM,JPHC,RSHN...........etc. It gets very confusing, because ther are so many different stocks to choose from. I don't want to spread myself to thin and buy 500000 of this and 500000 of that. What I was looking at doing was trying to buy one stock, stay with it and make some good gains.
Posted by MicroTrader on :
Try splitting your $2k into 4 $500 buys in seperate companies. PAIM, CNES, INSN, and ADOT are a few to look at currently. Hope that helps.
Posted by eld24 on :
Thank you MicroTrader.
Posted by Drunner611 on :
And thats the smart way to do it. Spread it to thin and you can't make any $. Too thick and you could lose it pretty quick, although you said long term, 1 month is a while for pennies. And wow, you have done very well in ADVC. Congrats and good luck on your next one.
Posted by crappybob on :
You and everyone else eld24. Good luck.
I am really interested in the XSNX. I have been reading about it today. I think that company actually has a future. It's over a dollar a share but It might pay off percentage wise as well as any penny.
Posted by BigPayOut on :
ELD, I usually dont give advice on what stocks to buy, just post solid info that helps make decisions.....BUT I would stick a 1000 or more into PBLS...read the thread, and do some DD and ask questions if you need to....Great company not as volatile right now as the others but once it gets moving it will be moving up real hard real fast....
Also like will said read that general investing forum and paper trade for a while if you havent already.I personally think thats the best answer a Newbie can get...
Also with 2000 dollars and what you are trying to do hold for the intermediate term, be careful of stocks with a reputation of R/S, you could get burned bad!!
Posted by eld24 on :
Thanks Drunner, thank you everyone. This site is awesome, because everyone tries to help each other.
Posted by MicroTrader on :
Wow, you did very well on ADVC at .0008 if it's at 0.0045 today and on the rise!
When do you plan on selling that stock?
Posted by eld24 on :
I don't know. I feel like I'm in unchartered waters everyday. I get nervous when it goes down, usually around noon everyday, but it comes back up at the end of each day. I hope this can get to .02 within the next two weeks. I would sell at .02. Though I watched AXIGE climb to .08 from .0010
Posted by will on :
WOW...........thank you WILL....I have alot of homework to do.
Posted by Jelly on :
If I was a newbie and had 2K, I would not invest in any micropenny. You gotta know what you're doing first, from knowledge, paper trading, charting, DD, L2's, Intraday....all of it.
I highly recommend paper trading and reading and learning. Trust me, THERE WILL ALWAYS BE ANOTHER ONE. Right guys? There is ALWAYS another runner.
Posted by will on :
Excuse me for saying, but sometime the worse thing that can happen to us is have success, and not know why. I won't call it beginners luck, because I have no idea how you arrived at the diecision to purchase ADVC, or whatever stock it is. I guarantee you, if all you have is confidence to throw your money in this stock and that stock, and don't know why you did or are doing it, you will lose your profits from ADVC, and your $2,000. The cards are stacked against you. Go do yourself a HUGE favor, and go read all the information on hat thread. Don't only read it, understand and comprehend it. Then you won't have to ask anybody anything, and you'll at least have a fighting 50/50 chance then.
quote:Originally posted by eld24: WOW...........thank you WILL....I have alot of homework to do.
Posted by will on :
You know it, Jelly. I can't tell you how many I missed being part of for various reasons. The only thing that keeps me here is exactly that, "THERE WILL ALWAYS BE ANOTHER ONE."
Posted by eld24 on :
WILL........belive it or not, I bought this stock on a recommendation from a member of this board.
Posted by will on :
...and what if that recomendation turned out to be like one stock I have been watching that was recommended at .055 / .06, and did nothing but go down, and is currently trading at .01 / .015 ????
Again, excuse me for saying it, but since you told how you came to purchase ADVC, I will say, "you got lucky". You happen to catch a good one at a good time, when all these miserably diluted mini-micro pennies are enjoying a phenomena that doesn't ocurr with any great degree of regularity. I can only encourage you to learn, and forget following other people's picks.
Posted by BuyTex on :
quote:Originally posted by will: Why don't you start by reading this thread on the General Investing Forum :
If it is too long, too cumbersome, too bothersome, too boring, I will give you an option:
Send me a check for $2,000. I will cash it and put it in my savings account. In return I will give you a minimum of 5 stocks to cheer for. After a month you will be exausted, and see them go up and down cheering when they do well, and getting pissed when they don't do well. After a months time I will return $1,000 to you. That is the cheapest tuition you will ever pay for learning the joy and suffering of playing the pennies.
"Why look! honey, it's Johnny Ringo..."
lol, will, good thread...
Posted by eld24 on :
And you are RIGHT!!! I will do my homework and I will do my own DD and maybe at this time time next year I will be able to give some "newbie" good advice on how to make money in the market.
Posted by will on :
Maybe
Posted by eld24 on :
I thank each and everyone of you you for taking the time to resond to me and I hope I can return the favor some day.
Posted by Jelly on :
Good Luck Eld!!! It'll be well worth it!
Posted by imakmony2005 on :
wow.
Posted by BuyTex on :
quote:Originally posted by imakmony2005: wow.
lol, imak, what's the wow factor?
Posted by peateargriffon on :
if you've made money on anything, take your profits and sell. You are up but that money isn't realized until you sell. The only thing worse than a stock going down, is a stock that goes up and then you watch it go down, never enjoying the money you have made.
Posted by tongusc on :
BKMP PHBT CWFG
Posted by Marty on :
LOL....did Stewie conquer the world yet? Posted by BuyTex on :
'sup, Marty?
(...am stuck in Houston for a few more days...play violin music for me)
Posted by Machiavelli on :
quote:Originally posted by peateargriffon: if you've made money on anything, take your profits and sell. You are up but that money isn't realized until you sell. The only thing worse than a stock going down, is a stock that goes up and then you watch it go down, never enjoying the money you have made.
I wouldnt necessarily sell every stock/share when it makes a profit.. you are missing the potentional for more profits.. two enemies that we all have in this trading game ... FEAR and GREED ... and it looks like FEAR has you by the cajones lol .. anyways if you so afraid of a stock about to go down after it made some profit.. dont sell all your positions... sell half and keep half still in the stock.. so that way if you were wrong and it keeps going up you make more profits but not risk as much as when you had more shares... old saying: Let your profits ride and Limit your Losses ...
P.S. Cash is a position too (in other words you don't have to trade everyday).. be patient...
Posted by eld24 on :
I learned a valuable lesson today, take some profits when you can and ride the free shares to the end. Should of kicked a field goal, instead of trying to score a touchdown. I'm going to write a book called " THE MICRO CAP DIET " ,lose 10 pounds of water weight in 5 minutes watching your stock sink faster then the TITANIC.
Posted by BuyTex on :
eld, did you take what Dr. Will prescribed?
Posted by eld24 on :
I have been doing alot of reading lately. I figure maybe in 2-3 years I might have some of this figured out and then I'll really be in trouble. I did sell a small amount for some profits, but unfortunatly "GREED" got the best of me.
Posted by eld24 on :
You have to treat these stocks like "red head step children", no offense intended to anyone. Don't look back, pick out a exit price and move on. Don't look back. Never say "what if" and if only I.........................
Posted by will on :
Paying tuition now, are ya, lucky? You had a sweet little stock, you caught at .0008 for a ten bagger, and you're complaining? TEN TIMES your money, you could have protected your principle, made profit, and had free shares, maybe even sold the freebies before the serious dive, and been back in for any rebound. You won't have many opportunities like a ten bagger to squander on greed. You asked, people told you, and you did what you wanted to anyway. Don't feel bad, 99.9% of us have done much the same. You're learning. Rule #1 Don't believe any of that bullsh!t and hype that this that or anything is going to .05 .10, BULLSH!T !. #2 Protect your principle. #3 Take your profit. You paid your first installment of tuition, if you don't learn quick, you'll be paying more and more frequently. Develop a style, learn a method, don't listen to people, most know less than you. Right now a lot new people are enjoying the mini-micro run phenomina, new people gravitate to the less expensive stocks, just so happens even crap with billions of shares O/S are running. They got lucky too, some stuck the pig in the ass pretty good, but they'll be paying tuition soon too. Good Luck!
quote:Originally posted by eld24: I learned a valuable lesson today, take some profits when you can and ride the free shares to the end. Should of kicked a field goal, instead of trying to score a touchdown. I'm going to write a book called " THE MICRO CAP DIET " ,lose 10 pounds of water weight in 5 minutes watching your stock sink faster then the TITANIC.
Posted by plni on :
A BOOK WOULD BE NICE BUT IF YOU LEARN THIS YOU WILL MAKE A LOT MORE MONEY. AND THE ADVICE YOU GOT IS PERFECT 100% OF THE TIME, PROTECT YOUR MONEY AT ALL TIMES. GOOD LUCK AND GET YOUR PROFIT ANY TIME YOU CAN.
![[Roll Eyes]](rolleyes.gif)