posted
take a crap stock like MLON. this stock goes from .0008 to.0012 almost every day. why not buy $1000 worth at .0008 then sell for .0012? you would make $500 in a day correct? whats wrong with a stock that always moves around .0004 or .0003 every day?
maybe someone could list stocks that move up and down every day and we could try to set buys for the low and then sells for the high? am i missing something here? there has to be a ton of stocks that do this no????
-------------------- "My Dixie Wrecked" Posts: 477 | From: ohio | Registered: Jan 2005
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posted
There were a few traders(much more experienced traders) that have talked about trading like this... I think CNES was the last one I remember reading about for good in and out trades every other day or two. I haven't watch MLON much, but is it the bid the is changing 50% everyday? If so, I'm all over it. Otherwise you may have trouble getting out after you get in at .0008.
Try it and see what happens....
Posts: 280 | From: CT | Registered: Oct 2004
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posted
most times with MLON, you cannot get in at the bid and out at the ask..I've tried it..you can get in at the ask and out at the bid (sometimes). I've had a sell in at .0011 for 2 days and hasn't filled. It hit .0012 both days. and has been gapped .0009 - .0012 As artieo mentioned, CNES is a good one, GTEL works well, etc....GL
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
all i know is i own this crappy stock and i got in at 14 a long time ago and it has been .0008 to .0012 daily ever since. so i was thinking of buying in somemore at 8 and dumping at 12. but i will follow the bid and ask first just to make sure. you brought up a good point.
-------------------- "My Dixie Wrecked" Posts: 477 | From: ohio | Registered: Jan 2005
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posted
I like GTEL, HCCF, CNES and NMCX, to name a few....look for the signals.... SWYC should play again soon too Mind you, I'm an amateur in pennies.
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
I think thats what day trading is all about. Buy low and sell high. And blessed is the one that can do it.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
Singer boy yea...that is great....but, with MLON The bid may be at .0009 and the ask at .0012 Say you get in at .0012 the bid never gets past .001 you are stuck...Why be stuck...I got back in MLON...at .0009 waiting for a small pop to bout' .0012 but......on the bid.....see what I mean..the bid needs to get to .0012 for us to make money.
But.....a lot of times that's all you need to make money.....I would not put all my eggs into one basket doing this though....YOU WILL GET BURNED EVENTUALLY..... Take your time learning...I'm learning more and more everyday....
Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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posted
singer boy I use to play that way when I got I short on dollars. At the time vntb every week would drop to .0006, .0007, at the begining of every week and at the end of the week it would go up to .0008 .0009, .001 mostly .0008 to .0009 Well, I'd get it at .0006 to .0007 and sell at the end of the week or when it hit .0008 to .0009 I had to wait for the funds to clear, so I could only do it once a week some times a little longer space in between. Then when I built up my account I'd go play some thing else. I did this until they had bankrupsy problems, then quit doing it. This was about the time period that Van was going with TPBV. I should of went with TPBV for the longer term as they were both about the same price at the time.
-------------------- Just because you can't see it doesn't mean its not there! Posts: 146 | From: FLOATING | Registered: Feb 2004
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posted
One more great move..don`t buy crappy stocks as you put it like mlon. They dissapoint far more than they reward.
Posts: 425 | From: North,Wa.U.S. | Registered: Dec 2003
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posted
I used to do BTOR the same way in at .005-006 out at .008 but it droped in the last couple of weeks. Made a run this week to .0036 and I made 600.00 on the shares I bought at .0022. IMO it will go back up there and I will start doing it again. I don't trade it at 1000.00 though. mostly 4-500 at a time.
-------------------- You never really grow up you just learn how to act in public. Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
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posted
I'm new to pennies too but one that I have consistently made 30 - 60% off each trade is RDXM, its spiked as of late but even today a person could make about 150 on it. I've only been watching this one since Dec. but in that time it has had a deffinate pattern. (I origanally started playing it at .002, man if I would have only held some long shars)
-------------------- The sharpest knife can’t carve its own handle Posts: 145 | From: SLC | Registered: Jan 2005
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YEP BUT I ALREADY HAD 500 BUCKS STUCK IN THERE....I HAD A SELL IN FOR .0012 TODAY BUT IT NEVER HAPPENED. SO I JUST TOSSED 500 BUCKS OUT THE WINDOW. UNLESS SOMEWHERE DOWN THE LINE IT REBOUNDS BUT IT DON'T LOOK GOOD.
-------------------- "My Dixie Wrecked" Posts: 477 | From: ohio | Registered: Jan 2005
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Mind you, I'm an amateur in pennies.
