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timber
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I have not experience in trading the stocks under 1 cent, but I am very interested in them. my question is how to buy a lot of them one time so that payment for broker is not so expensive?
Posts: 6 | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
Jeremy
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Depends on your broker. Many do not charge you on a per-share basis, such as ameritrade. I can buy 1 million shares and it still only costs 10.99.

If your broker charges you over so many shares and you want to trade pennies, you may need to find a different broker.


Posts: 1051 | From: Michigan | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
VNGNTN1
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I have had no problem either with Ameritrade.
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
xxartyxx
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hey... look at it this way.....if you buy xyz @ 0.002- 10,000 shares costs you $20bucks, plus fee = $31, but the cool thing is that since you own 10,000 shares, for every penny gain in price you make $100 bucks.... basicaly i sell the sumamabeach asap... make your 100, 200, whateva... and make your next move
Posts: 38 | From: brooklyn | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
traderjoe
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xxartyxx..
If it was so easy for a .002 to hit .01, i think alot of people on this board would be VERY happy campers.

If you are going to deal in pennies, make SURE that you use a broker who charges you a flat fee. It is just plain economies of scale. With micro pennies, the only way to make money is though volume. It would be next to impossible to trade profitably if you were charged comission by the share.

You will see that some micro pennies are traded in blocks of multiple millions by some of the high rollers on this board. Imagine the trading commission on that.

Ive read about freetrade.com, which is basically a no frills version of ameritrade.. I believe several board members use it, and it sounds promising, but I haven't looked into it yet.

------------------
Trader Joe's Market Insights

[This message has been edited by traderjoe (edited January 21, 2004).]


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xxartyxx
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HEY JOE, YEH YOUR RITE ABOUT THAT .YES IT IS HARD TO CATCH, BUT THE THING ABOUT IT IS THIS AND IM NOT ARGUING JUST REVEALING ABIT OF MY STRATEG....IF YOU SCAN FOR STOCKS OF .001, 2 3 WHATEVER EVEN .01 YOUR INVESTMENT IS $10 20 OF 100 BUKS .. THATS HOW FAR I GO FOR NOW, IF I LOOSE IT..OK.. THEN ITS ALWAYS BETTER THAN LOOSING A THOU$$.. YOU IM SURE HAVE YOUR OWN THEORIES AND PLANS BUT SO FAR IVE BEEN WITH AMERITRADE... 10.99 SO IVE BEEN PAYING 22 ROUND TRIP.. AND IM NOW SURE WHAT YOUR SITUATION IS LIKE... IM 21.. I DONT WORK.. THIS IS MY JOB I WAKE UP AND GO TO SLEEP WITH MARKETS WITH SOME EXCEPTIONS.. I DONT HAVE A KID... NO GIRL. YES I LIKE GIRLS BUT STAY AWAY FROM STRONG RELATIONS...I DONT LIKE QUAGMIRES.... I PAY RENT WITH ROOMATE SO NOT SO BAD.. BASICALY IF IM ABLED TO MAKE 500 OR 400 EVEN 200 A WEEK SO BE IT BECAUSE I DONT HAVE THE TOLORANCE FOR A 9 TO 5 AND SOME ASSHOLE BOSSING ME ARROUND

I MANAGE BY MY SELF RESEARCH BY MY SELF AND BASICALY AT MY OWN CONTROL....

BUT YOU KNOW.. NOT FOR NOTHING ... BUT BROKERS ARENT ALWAYS THE BEST PEOPLE IN THE WORLD, IVE SPOKEN TO MANY MANY MANY PEOPLE AND ALL IVE HEARD IS THAT THE MARKET IS A GAMBLE, ALL YOU DO IS LOOSE SOMETIMES GAIN.. BUT YOU KNOW MOSTLY THE PEOPLE WHO SAY THESE THINGS ARE IN MY OWN OPINION JUST PLAIN DUMB AS.ES.. LOOK TOP PERCENT OF PEOPLE WHO ARE IN THE TRADING BIZ REGARDLES OF WHAT SIDE OR SPECS. ARE MARRIED HAVE KIDS AND ALL. THATS A BIG FAT BITE OUT OF WHATEVER PROFITS YOU MAKE...... LOTS AND LOTS SIMPLY GIVE A LUMP LIKE 2K TO A BROKER OR MANAGER WHEVER AND SAY " I WOULD LIKE TO INVEST, OF COURCE THERE ARE QUESTIONS AND ANSWERS TO FIND, BUT USUSALY THESE PEOPLE TEND TO LOOSE MONEY FAST BECAUSE MOST , AGAIN, HAVE A JOB OF SOME SORT ASIDE FROM MARKETS (INVESTMENT NO MATTER TO WHICH EXTENT, IS A JOB ON ITS OWN) PEOPLE THINK ITS A GAME OR GAMBLE. IN ATLANTIC CITY, SLOT MACHINES DONT COME WITH 52 WEEK HIGHS OR VOLUME ECT INFO LIKE MARKET GIVES YOU, A.C. IS A GAMBLE, STOCKS ARE NOT BASICALY YOU ITHER INVEST OR YOU WORK, CHOSE ONE, UNLESS YOU BILL GATES, BUT ALOT SEEM TO MISS THE POINT THAT THERE ARE MANY FACTORS, SUPPL AND DEMAND, VALUE, VERY VERY IMPORTANT (NEWS, BEFORE AND AFTER OPEN AND CLOSE), SO IM NOT GOING TO BORE YOU WITH THIS CUZ IM VERY SURE YOU KNOW WHAT THE DEAL IS ALL ABOUT.

BUT........... I REALY SPEAK OUT OF RESPECT FOR YAH JOE, I LIKE THE SITE YOU GOT THERE, VERY VERY NICE, YOUR AN INSPARATION .

THAT (BSIO) IS A NICE CHOICE, GODDAM TECHNOLOGY IS SPREDING DAY BY DAY, AND TECHS LIKE THAT WILL BE IN USE QUITE A LOT, SO IF THE COMP. IS A LOOSER MANAG. TEAM THEY WILL GET KICKED BUT THE IDEA WILL STAND. I LIKE THE PICK, WILL VISIT YOUR SITE OFTEN NOW, NICE TALKING TO YAH.

AND REMEMBER IM NOT A HOLDER IM MORE OF A DAYTRADER BUT WITHOUT MARGIN ( SIMPY CASH) AND MOSTLY OTC'S PENNIES OR ANYTHING CHEAP THATS JUST MY THING, IT WORKS I LIKE IT.

HAPPY TRADING


Posts: 38 | From: brooklyn | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
xxartyxx
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HEY JOE, YEH YOUR RITE ABOUT THAT .YES IT IS HARD TO CATCH, BUT THE THING ABOUT IT IS THIS AND IM NOT ARGUING JUST REVEALING ABIT OF MY STRATEG....IF YOU SCAN FOR STOCKS OF .001, 2 3 WHATEVER EVEN .01 YOUR INVESTMENT IS $10 20 OR 100 BUKS .. THATS HOW FAR I GO FOR NOW, IF I LOOSE IT..OK.. THEN ITS ALWAYS BETTER THAN LOOSING A THOU$$.. YOU IM SURE HAVE YOUR OWN THEORIES AND PLANS BUT SO FAR IVE BEEN WITH AMERITRADE... 10.99 SO IVE BEEN PAYING 22 ROUND TRIP.. AND IM NOT SURE WHAT YOUR SITUATION IS LIKE... IM 21.. I DONT WORK.. THIS IS MY JOB I WAKE UP AND GO TO SLEEP WITH MARKETS WITH SOME EXCEPTIONS.. I DONT HAVE A KID... NO GIRL. YES I LIKE GIRLS BUT STAY AWAY FROM STRONG RELATIONS...I DONT LIKE QUAGMIRES.... I PAY RENT WITH ROOMATE SO NOT SO BAD.. BASICALY IF IM ABLED TO MAKE 500 OR 400 EVEN 200 A WEEK SO BE IT BECAUSE I DONT HAVE THE TOLORANCE FOR A 9 TO 5 AND SOME ASSHOLE BOSSING ME ARROUND

I MANAGE BY MY SELF RESEARCH BY MY SELF AND BASICALY AT MY OWN CONTROL....

BUT YOU KNOW.. NOT FOR NOTHING ... BUT BROKERS ARENT ALWAYS THE BEST PEOPLE IN THE WORLD, IVE SPOKEN TO MANY MANY MANY PEOPLE AND ALL IVE HEARD IS THAT THE MARKET IS A GAMBLE, ALL YOU DO IS LOOSE SOMETIMES GAIN.. BUT YOU KNOW MOSTLY THE PEOPLE WHO SAY THESE THINGS ARE IN MY OWN OPINION JUST PLAIN DUMB AS.ES.. LOOK TOP PERCENT OF PEOPLE WHO ARE IN THE TRADING BIZ REGARDLES OF WHAT SIDE OR SPECS. ARE MARRIED HAVE KIDS AND ALL. THATS A BIG FAT BITE OUT OF WHATEVER PROFITS YOU MAKE...... LOTS AND LOTS SIMPLY GIVE A LUMP LIKE 2K TO A BROKER OR MANAGER WHEVER AND SAY " I WOULD LIKE TO INVEST, OF COURCE THERE ARE QUESTIONS AND ANSWERS TO FIND, BUT USUSALY THESE PEOPLE TEND TO LOOSE MONEY FAST BECAUSE MOST , AGAIN, HAVE A JOB OF SOME SORT ASIDE FROM MARKETS (INVESTMENT NO MATTER TO WHICH EXTENT, IS A JOB ON ITS OWN) PEOPLE THINK ITS A GAME OR GAMBLE. IN ATLANTIC CITY, SLOT MACHINES DONT COME WITH 52 WEEK HIGHS OR VOLUME ECT INFO LIKE MARKET GIVES YOU, A.C. IS A GAMBLE, STOCKS ARE NOT BASICALY YOU ITHER INVEST OR YOU WORK, CHOSE ONE, UNLESS YOU BILL GATES, BUT ALOT SEEM TO MISS THE POINT THAT THERE ARE MANY FACTORS, SUPPL AND DEMAND, VALUE, VERY VERY IMPORTANT (NEWS, BEFORE AND AFTER OPEN AND CLOSE), SO IM NOT GOING TO BORE YOU WITH THIS CUZ IM VERY SURE YOU KNOW WHAT THE DEAL IS ALL ABOUT.

BUT........... I REALY SPEAK OUT OF RESPECT FOR YAH JOE, I LIKE THE SITE YOU GOT THERE, VERY VERY NICE, YOUR AN INSPARATION .

THAT (BSIO) IS A NICE CHOICE, GODDAM TECHNOLOGY IS SPREDING DAY BY DAY, AND TECHS LIKE THAT WILL BE IN USE QUITE A LOT, SO IF THE COMP. IS A LOOSER MANAG. TEAM THEY WILL GET KICKED BUT THE IDEA WILL STAND. I LIKE THE PICK, WILL VISIT YOUR SITE OFTEN NOW, NICE TALKING TO YAH.

AND REMEMBER IM NOT A HOLDER IM MORE OF A DAYTRADER BUT WITHOUT MARGIN ( SIMPY CASH) AND MOSTLY OTC'S PENNIES OR ANYTHING CHEAP THATS JUST MY THING, IT WORKS I LIKE IT.

HAPPY TRADING

EDITED SLIGHTLY


Posts: 38 | From: brooklyn | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

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