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Author Topic: here is how i make money in pennies
<pennywise>
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I only work one stock.
I work cnes. It changes about 4 points
a day. UP in the morning down in the
evening. I buy in the evening and sell
then next morning. 500 dollar incruments.
It works about 3 or 4 days a week for
a 100 bucks. some days it runs really good.
if I miss and I wind up having a high base
price I just wait a day or two and buy at
the evening low which pulls me back down
into the range for the following week.

I only buy it once a day or sell once a day
to avoid ameritrades daytrade rules.
I am on probation with that.

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<pennywise>
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cnes is a slow riser also the float has
to be right. cnes has 3 possible runs
in the next few weeks so I am increasing
my quanities each day....

how do you make money in pennies

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keithsan
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i violated the daytrader rule about a year ago. nothing has changed
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moneyhngry1
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pennywise,

How long have you been using this technique with this particular stock?

--------------------
I Plan to Never Fall Short.....Again.

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turbokid
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CNES... That security symbol is invalid

tried looking it up... no go... whats up??

--------------------
"Gentleman, you have come sixty days too late. The depression is over."
Herbert Hoover 1930

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alen2500
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It is now "CNESE".
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blueranger
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I tried riding all the pump and dump like
everyone else and I lost about 4k... so
i decided to switch and I found this system.

I fell in love with this stock and since it runs like a wave i ride it... the mm's will only let it go 4 points a day so today it fell 4 points.
so I lowered my base price. but I buy friday evening. sell monday morning. buy tuesday evening. sell wed morning and so on...it gets about 4 point movements a day.. so you can do a hundred to two hundred dollars in profit a couple times a week.. its got news coming so it will run in the next 4 to 8 weeks... but I would like to have about 10 like this... so keep your eyes open for this cycle... it won't work in the .0001's because you get stuck in those i am stuck in prrm right now.

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keithsan
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good job blue! hope you make your money back soon.

I've been trading for a while and i rarely ride the pumps because they ar too unpredictable, your charts don't matter if group sells, it drops.

I play.

bottom pops.
runners on rumors.
news-when i have time to read it intraday.

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Machiavelli
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I mentioned this technique about a month ago... where you buy a stock about 5 days before its earnings come out (on rumor that the earnings will be very positive)... slowly the professional traders and MM's will also do the same thing and the stock slowly goes up in those 5 days.. on the day of the earnings you would sell the stock just before the earnings come out or right when it comes out whether positive or negative because the stock will tank from all the pro's/MM's selling it off and going short .. they will sell to the late comers or dumb money who wait for the earnings to come out first... this is what happened with Ebay this week even if the earnings werent a penny off and had been positive... i didnt buy into ebay because its too much per share for me but this can be used on Pennies every quarter earnings report....
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poorman
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I did the same thing with BTOR for a couple of weeks buying at .005 out at .007. It sometimes took a day or so to move but made a 100.00-200.00 each time. closed at .0029 Friday for a 52 week low so I'm holding shares now till it goes back up.

--------------------
You never really grow up you just learn how to act in public.

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blueranger
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I like this cnese but I am looking for more.
I hate the pumps..... so i will take a look
at btor... I would love to have about 10 that
i am intimate with. Last week I rode msep.
I think if we can make 100 or 200 bucks will will
do better than thinking we will be rich.
so lets work on that...

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blueranger
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guys take a look at btwo... it looks like one
we can ride the waves of... although wait for it
to hit a low.

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moneyhngry1
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looks like btwo may have some potential.

--------------------
I Plan to Never Fall Short.....Again.

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Thorn
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Yeah, I did this on paper in highschool. AIP would go from 1.25 to 1 and back. I figured such trading wasn't realistic. Actually, so far I'm finding that my buy doesn't always go through. I guess for small money this is a good strat tho.

For bonus points, check out AIP's current price. [Big Grin]

--------------------
May your trading build your character as well as your portfolio.

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GTOGTOGTO
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Do you knopw what it means when the SEC puts an E at the end of a stock symbol, ready to up @hits creek, thats what! Under investigation
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Thorn
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If it weren't for the controversy, CMKX would be a good one right now for buy/sell at .0001/.0002 today. Is 100% profit too much? [Razz]

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May your trading build your character as well as your portfolio.

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turbokid
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you can almost never buy at .0001 and sell at .0002

--------------------
"Gentleman, you have come sixty days too late. The depression is over."
Herbert Hoover 1930

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turbokid
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well guys CNESE is up 12% today.. good call
BTWO did even better 28%

heres another that goes up and down within a narrow channel, IBCS
also, its more expensive but ESCC goes up and down every few days, just a few percent, but slow and steady wins the race

--------------------
"Gentleman, you have come sixty days too late. The depression is over."
Herbert Hoover 1930

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ohdagagain
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ESCC Has no volume so it will be hard to sell.
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blueranger
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now watch,
today it moved 4 points (cnese) it always
does every day. so if you got in in the evening
low you could sell on the morning high.
its like clock work. the mm's do it every day the
only time it varies is when there is news then
the mm's will let it run...

stay away from .0001 and .0002 you can never sell
I am stuck in prrm right now...

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moneyhngry1
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Not a bad day today ladies and gents! Made 300 bucks on the JRVC spike today. Check the days range for yourself, this is one I will keep a close eye on.

--------------------
I Plan to Never Fall Short.....Again.

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ohdagagain
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IGATE, going off this list IGATE looks pretty good. up and down daily and earnings call on Feb 17th.
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ohdagagain
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Sorry the ticker is IGTE
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blueranger
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I will look up igte...
what do they do...tell me about them.

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blueranger
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igte has a swing but it would take 5000
bucks to make 100...the trick is to find
a penny stock that swings...

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blueranger
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jrvc
now that was unbelieveable..
and you got out.

I am never able to get out of these .0001

I am stuck in prrm right now.

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Machiavelli
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Probably due to low volume.. you need stocks with very high volume to get in and out quickly when you want to before the price changes drastically...

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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blueranger
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No, I got stuck in afrd and i am currently stuck
if prrm and the reason is the float is to large.

for me seems like all the .0001's I get into
look good for a day or two but then I discover
the float is so large you can never get out.

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caez
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I'm new at this and doing some research, this method seems somewhat reliable. Judging by last friday/monday, I calculated, using BTWO as an example, that if you bought friday night and sold monday morning, you would have made roughly a 50% increase.

Is there a way to do this without breaking any of Ameritrade's rules?

Sorry if any of this sounds extremly newbie-ish, i'm 17 years old and just learning about the stock market.

--------------------
- Mike

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blueranger
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to avoid breaking ameritrades rules just dont
sell and turn around and rebuy in the morning.

I think a fellow should be intimate with 10 or
20 stock that he is working... i
work
gtel, gzfx, ncdp,cnese, msep lftc

I am totaly intimate with cnese. I can tell what
the mm's are going to do.. like today 22-27
closed down 1 pt... I missed today I had set
to sell at .003 so I was a little high.
i wish I could have got some at .0022 today..

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blueranger
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the only problem with this is that I wind
up studying and learning a stock so much that
I will fall in love with it and not want to
sell it and I wind up being long.

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tomktoo
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Well guys, what happened to CNESE??? not even showing on Scottrade!
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moneyhngry1
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it is now cnes.ob

--------------------
I Plan to Never Fall Short.....Again.

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