posted
I am new to the sub pennies and was woundering how many of you make a good living at this, ($75K plus a year.) And also do you have any good advice for someone who is just starting out in the sub pennies, I am riding the qbid stock and can not believe the potential of these stocks. Thank you for your time (I love this site)
Posts: 73 | Registered: Feb 2004
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FISH I started out with $500 and bought a few shares in the $5 range. As I i profited I expanded to larger and larger stocks. After 5-6years have been investigating the pennys and Technical Analysis. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
Don't think QBID is typical. There's a lot of junk out there that you can loose big on. I don't do TA but it's one way I suppose of screening out some of the junk. But like anything else it's not 100%.
And don't believe all the claims the company makes, or those on this or any other board make. Much of it's hype. But sometimes you can ride the hype.
I guess my advice (which I usually can't seem to follow myself) is to start slow, investigate the company a little bit, read the boards, at first don't drop a lot of money in (maybe a few hundred if you can spare it), and don't expect to get rich quick.
That's my 200 shares of CMKM worth (current value - 2 cents).
posted
Well what can I say.... It was either penny stocks or drugs, As a matter of fact they are quite the same. They are highly addictive. The both have there highs and their downs or lows They both can leave you flat broke They both can give you a head rushhhhhh Both can also give you a hart attack. You spend more time with them than with your family. Isn't that some s_hit.
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I'm 6 mos new myself. I started with $1000. Now have $7000. (%1400 apr). Me I took 2 stocks when each doubled I bought 4, then 8. I personally don't go above 8. Just put more into each next buy.Do your own investigating. Use this sight to get leads and support. Get out when you feel comfortable not when others say you should. When I started %100 gain, I was out no matter what. Not all stocks are going to be winners. Lead don't follow when buying. (then again I followed on qbid .0007, who was to know it was going to 3x, 4x, 5x that.) Good luck Trading
posted
Thanks for your feedback. Joe I never got into drugs but after watching qbid I think I know the felling
Posts: 73 | Registered: Feb 2004
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The biggest thing is DD ... due dilligence. Do it YOURSELF ... don't rely on what others say. DIG it up YOURSELF ... this internet thing is WONDERFUL!!! Full of links to hither thither and yon... follow them and learn about a stock before you put your hard earned money into it. And LEARN TECHNICAL ANALYSIS!! LEARN HOW TO READ CHARTS!! Some don't believe in them, but once you learn them, how to read them, you can look back at how a stock has behaved when the techs show a certain pattern, and believe it or not, YOU WILL BE AMAZED ... they DO NOT LIE!! So buy books on TA, use google to search for things like Candlestick analysis, MACD convergence, RSI ... the list goes on and on ... But believe me, it works.
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Well actually my day routine is my sit behind my Mac Power Book G4, waiting for the dam market to open, get close to a hart attack all day, drinking coffee, eating my lunch without moving my eyes (sight ) off of the monitor, I also try not to blink too much, so you know I have to OD on Visine at night just to have it lubricated for the next day. And of course, I'll then cool off reading and posting here at my house "Allstock" with my buddies. I'll laugh, learn even fart once in a while. So there you have it.... The secret of suck-cess.
Be cool guys have a good day.
JC
[This message has been edited by JOE COOL (edited February 12, 2004).]
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I don't "make a living" by trading pennies--and don't think I'd want try that. The pennies just represent a small portion of my portfolio--a place where I put a little "high-risk" (and potential "high-return") money. It's mostly for fun (atleast it's fun when I make money!)
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Take 5000 use the 8th wonder of the world compound your money twice a week at an average of 15% (taking nice wins and average losses) doesnt take long to reach 50k then everything is easier 10% on 50000 is 5000
Posts: 361 | Registered: Jan 2004
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