Pennies are wearing me out searching for a winner. May stop looking and trading them very shortly.... totaly worn out
Posted by 1stfidelity on :
Hitman no way.... Listen take off today and relax. Dont get stressed out, its not an easy game. Trust me Posted by Hitman on :
Yep.. may need to take your advice .. Thanks Im gone for the day see you guys monday... lots of luck
Posted by Federated Records on :
quote:Originally posted by Hitman: Pennies are wearing me out searching for a winner. May stop looking and trading them very shortly.... totaly worn out
Trading stocks, especially those that are dirt and I do mean dirt cheap, is never an easy game.. Im actually in my third day trying to find something to put a recent gain on a sale into.. I am very cautious in what I put my money in.. homework never ends.. but the reward makes up for it.. Posted by Ace of Spades on :
trading NASDAQ stocks is where the real money is at........
stick to Big Board stocks...
Posted by beechwood on :
Pennies are a tough game to turn a profit nowadays. Especially when the price action is largely manipulated by MM's, big hedge fund managers, dilution/conversion gimmics, and naked short selling (some prevelent on the NASDAQ & AMEX). The past year or so has been especially rough. The MM's aren't giving up much. Probably cause of the poor economy and all. They need every buck they can lay their hands on -- including yours. Why do you think gold & silver have doubled? Many bailed out of the market and put their bread into commodities where profits are more stable. I made a bundle in that but I still have a few bucks in the market.
Posted by Machiavelli on :
quote:Originally posted by beechwood: Pennies are a tough game to turn a profit nowadays. Especially when the price action is largely manipulated by MM's, big hedge fund managers, dilution/conversion gimmics, and naked short selling (some prevelent on the NASDAQ & AMEX). The past year or so has been especially rough. The MM's aren't giving up much. Probably cause of the poor economy and all. They need every buck they can lay their hands on -- including yours. Why do you think gold & silver have doubled? Many bailed out of the market and put their bread into commodities where profits are more stable. I made a bundle in that but I still have a few bucks in the market.
Hedge fund managers for the most part do not risk huge amounts on pennystocks and definetly not in micro's. As for commodities. There is no such thing as "more stable". The futures/commodities market is like any other market. It can crash at any point like the Dow did today. Prices in the commodities market are like in the stock market. They do 3 movements. Up, Down or sideways. Prices in Gold, Platinum, Silver and Oil etc. going up is a trend and in financial markets that is what you do. You follow the trend. When that trend is broken and becomes a downtrend which it will eventually in the Futures Market then people go for the next trend, be it currencies, bonds, or stock market etc. Then you will be saying the same thing about those markets.
Posted by Machiavelli on :
Btw if you are so concerned about a market being manipulated (of which commodities can be as well)then explore FOREX. There is a market that is virtually impossible to manipulate imo and many other people's opinion.That market is so huge (in fact it is the largest market) that not any one player can manipulate it.
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