posted
I am looking for stocks that can make me really small profits, because i do not want to loose big. Any suggestions...?
Posts: 46 | From: PA | Registered: Dec 2005
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After that then find a good stock screener and go from there. Anyone who answers your question by telling you to buy a stock is scamming you. Trading stocks is about you and your ability.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
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posted
newbie forum would have to be closely moderated to keep the scammers from pumping their pinkie scams to the newbies. Would have to have a set title so the newbie knew who to ask a question of.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
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posted
BijanH, you should be cutting your teeth on the big boards before you ever even think about Pinks and OTCBB'S.
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
Yeah I'm thinking just one forum. It would have to be somehow limited so newbies weren't harrased into buying scam stocks.. like the guy who started this thread.. Can you imagine the stocks he would have been TOLD to buy had we not intervened?
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt. Posts: 1326 | From: Here | Registered: Oct 2005
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quote:Originally posted by RiescoDiQui: Yeah I'm thinking just one forum. It would have to be somehow limited so newbies weren't harrased into buying scam stocks.. like the guy who started this thread.. Can you imagine the stocks he would have been TOLD to buy had we not intervened?
posted
I will look into the Big boards. Thank Dustoff101. Thanks everyone for your suggestions. A newbie fourm would be great!, but with what you guys are talking about with the scammers sounds pritty scary. When was your biggest scam?
Posts: 46 | From: PA | Registered: Dec 2005
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posted
the scams are ok actually, but, not for newbies. YOU NEED TO AVOID THE HYPE!!! Unrealistic expectations ie. this stock is going to 5.00 etc..
If YOU think it might be one that will hit 5.00, buy and sell and keep some free shares or very low priced shares for the long haul. Everything that goes up has pullbacks so buy and sell them. make a lil money or save shares.
Good Luck.
HINT: most of the guys on this thread are alright....meaning trustworthy.
P.S. sell your house and buy QBID its going to 20.00!!!!
hopefully you get the joke....
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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quote:Originally posted by BijanH: I am looking for stocks that can make me really small profits, because i do not want to loose big. Any suggestions...?
quote:Originally posted by keithsan: the scams are ok actually, but, not for newbies. YOU NEED TO AVOID THE HYPE!!! Unrealistic expectations ie. this stock is going to 5.00 etc..
If YOU think it might be one that will hit 5.00, buy and sell and keep some free shares or very low priced shares for the long haul. Everything that goes up has pullbacks so buy and sell them. make a lil money or save shares.
Good Luck.
HINT: most of the guys on this thread are alright....meaning trustworthy.
P.S. sell your house and buy QBID its going to 20.00!!!!
hopefully you get the joke....
truth here...
Distinctions: remove all the "pump" plays, and pennies would be a boring place, lol...this includes company "promotions," etc...
What several of us here object strenuously to is the kind of front-loaded, PnDs advocated by groups who use mulit-aliases to go around to the various message boards and rope in newbies...with the kind of hype keithsan mentions...more experienced traders play those, too--but realize to jump in and jump out, before the front-loading group pulls the plug...if you stay in those? your dough vaporizes before you can get out...
such was the ARET play...
the problem--besides the obvious--is that if newbies get burnt on these, they think the whole board is full of scammers, or worse that all trading is. Thus, we lose potentially good traders, when what we need is more...
posted
Bijan, I just posted a very low volume Nasdaq..
Why don't ya use it as a practice stock.. DD News charts market share SEC reports financials milestones Insider trading etc.
Posts: 10729 | From: oregon | Registered: Feb 2005
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FIRST....Get an inexpensive broker that will let you put stops on ANYTHING and ALWAYS use stops.
SECOND......Study and learn. the above post are all from reliable and helpful people. Ask questions.
Third....Go slow. As far as big profits go, if you can make 2% profit each week, starting with an investment of $1000, and keep the acrued profits invested at that rate too with that inition amount, in one year thaat $1000 becomes $2,800.33
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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FIRST....Get an inexpensive broker that will let you put stops on ANYTHING and ALWAYS use stops.
SECOND......Study and learn. the above post are all from reliable and helpful people. Ask questions.
Third....Go slow. As far as big profits go, if you can make 2% profit each week, starting with an investment of $1000, and keep the acrued profits invested at that rate too with that inition amount, in one year thaat $1000 becomes $2,800.33
Great advice.....most people think you have to make 10-50% to make money. Not realizing that $100-300 a trade profit is ok. I typically jump in with $3,000 to $7,500 and only look for a 2-3% gain and I'm happy....so is my 401k.
Look at when people on here post their picks....most will post picks after the stock has jumped and they'll act like its time to buy when its really time to sell. Question everyone on here and sort out who is BS and who seems to know something. You will find that about 20-40 of us know something and everyone else is BS or just clueless. I have narrowed mine down to about 8 people....and some of the 8 are wrong from time to time, but at least I know they'll most likely not trying to pump a stock to prey on a fellow board member.
I like to watch www.level2quotes.com which is free. I look at: Volume.....must have 100,000 or more daily volume Price.....depends on which market its listed on News......see why its moving Charts.....See if I can determine any patterns and 52 H/L's Insider Trading
Also, if you suck at MATH......Day trading is not for you! Day trading is more of an art....with a little common sence. You have to ba able to know when to buy and sell and when to call it a day. You should be able to look at a chart and determine projected movements. You should have the ability to be available when holding shares.....(some people buy and come back a day later to find out that the stock went down a lot). Use stop loss and limit trades.
I would say is 60% common sence....20% art.....20% crunching numbers. What do others think about that?
Posts: 2367 | From: Detroit | Registered: Mar 2005
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