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Hi, I'm new to this site and daytrading. Would you have some advice about daytrading etc - which are the best stocks....Is it easy to daytrade stocks quoted on the pink sheets....
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Be VERY careful. This best one here to call the shots is DaDog - but likt he says "Ya Gotta be Quick" !
Today PLKC will be in play. If you like it - don't buy at open - it should gap up big because of more news after the bell last night and it rose 30% yesterday. Don't ever chase any stock either.
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MLON? miight as well throw qant and cmkx in the mix too if your looking for a dirt cheap stock that you can pick up millions of shares then never be able to sell them
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I've been watching MLON for the past 6 months - I watched it increase from 50% - 100% in a day and then fall back to .0001 Is it difficult to sell when it increases in this range ?
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If you buy at .0002, which is probably the ask (.0001 x .0002), you'll have to wait until the bid x ask is (.0003x.0004) before you can sell for a profit. That's a long wait. Probably not going to happen anytime soon. When you see a %100 increase on the day it is because the last sell yesterday was at .0001 and someone bought at .0002 today. The bid and ask haven't changed and the person that bought at .0002 will have to sell at .0001. That will cause them to lose %50. Understand?
-------------------- If you don't sweat the pennies, you're not making any money.
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banger - stay away. The stocks that are .0001-.0002 are that low for a reason. Once in a blue moon can you make money on them - but you can lose daily. You can buy at .0001 - but you can't sell at .0002 OR .0001, as the MMs have an unlimited supply (Yes, they DO pull them out of thin air)!
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