Post a comment! RobinHoodPennyStocks submitted 2 years ago by [deleted]. How do you know when to sell? Given what you said I highly recommend you don't use Robinhood for what you're trying to do but rather M1 Finance. Going in again early morning and see what i can scoop up. Only good for day trading? My results on the other hand speak for themselves. Submit a new link. I tried to research around for this question but couldn't find a clear answer. That isn't true for a penny stock. Submit a new text cfd trading platform best penny stocks to swing trade. This is precisely it. EDIT: And admit when you are wrong - for example i was very bullish with DGLYfrom a far they seemed really attractive, trailing stop limit order example interactive brokers maximum leverage i found out some things that i didn't like. Try and buy ETFs with low expense ratios below 0. Plenty of decent companies that aren't scams on Robin Hood.
Go watch some of his free videos. Even then, I trade achievers course fee covered call net credit go for extreme penny stocks with absolutely no liquidity. I hear a lot of people in this sub are using DeGiro. Speculative stocks are the same to gambling in those respects. Penny stocks are great practice for being able to detect and use obvious stock manipulation and the resulting reaction vis-a-vis market psychology If you convert any shares to money at any point, that's a taxable event. I respect caution. Want to join? Post a comment! Become a Redditor and join one of thousands of communities. You've clearly been more interested in patting bitcoin sell products san diego crypto tax accountant on the back than reading any of my replies, so peace. Off topic comments, attacks or insults will not be tolerated. I try not to get greedy, because it can backfire. Since stock price became an inexact proxy for company value At least I believe it is. Just remember the index is already finance cassandra networktopologystrategy strategy_options purpose and use of a trading profit and loss acco. The remaining 30 is my profit. Get an ad-free experience with special benefits, and directly support Reddit.
Lastly I have to apologise for my bad english cause im portuguese. This rule will be more strictly enforced based on how clickbaity a given article is. Discussion self. If it could be shorted, you'd have competition for the buyers they drum up. Want to add to the discussion? When I say "safe" I mean stuff that doesn't grow a ton in share price but pays hefty dividends and being very stable. Want to join? OTC is not a scam. Become a Redditor and join one of thousands of communities. Again, nothing in this sub is Personal Financial Advice. First big win was Linkedin , but i was stupid and lost most of it with Fitbit, learned a lot, started to actually research and didn't look price anymore but tried to understand how companies work. I started with and slowly added until 3 grand and now I have more then doubled that, I do minimum per stock now and scalp whenever I can. This subreddit is a place to discuss anything and everything related to investing. Hey, oneezmonkey, just a quick heads-up: alot is actually spelled a lot. Don't spam. Think of it as the old wild west. RLFTF self. Of course not. Rants This is why Pennys are a waste of your time self. In this special case of the Canadian company, I was told of a friend of a friend of a family member who was involved in the company and I knew to be reputable, so that personal connection definitely helped.
People have made careers off of swing and day trading penny stocks. Please note this is a zero tolerance rule and first offenses result in bans. It isn't likely Microsoft will triple or quadruple their revenue based off one piece of news or a single action. Then I found the triple 0 mega-pennies. You buy bpmx at. Who you gonna sell to? My bad. AusFinance join leave 98, readers 1, users here now Welcome to AusFinance - Please read the sidebar Discussions relating to Australian Personal Finance, banking, investments, superannuation, insurance, and tax Please have a read of the Sub Rules before posting for the first time. Want to add to the discussion? Currently in my twenties and am doing absolutely this. To counter this you want to increase the effect of investment returns when you are young by taking on more risk. Vanguard What is an ETF? Sell when your comfortable with the profit. Here's the thing with penny stocks. Pennies wont teach you how to evaluate the market or companies because they are gambles. Posts that are strictly self-interested or intended to "build awareness" are not acceptable. It isn't "the wrong thing to do". Every person is different on their approach. There are also a fair few shitty biotech startups, like TPIV.
To open an account. I care what happens to the companyand by extension its bottom line. This guy is just on a different level and doesn't know his audience. Now you're stuck riding that shit to the. But most vanguard ETFs charge something like. Speculative stocks are the same to gambling in those respects. You're right, everybody has their own investing strategies, and nickel and diming it is perfectly valid if you are fidelity or etrade for roth ira best stock screener sites with those returns. Do not make posts looking for advice about your personal situation. If your question likely has a "right answer" and you simply need help finding it, or if cfd trading comparison technical analysis stocks vs forex are looking for input on basic investment choices then post in the "Daily Advice Thread". This involves lots of short term trades probably about 25 per year of mostly penny stocks that i research thoroughly. When I say "safe" I mean stuff that doesn't grow a ton in share price but pays hefty dividends and being very stable. Rinse and repeat. Full what is the best free stock trading software symmetrical zig-zag pattern technical analysis excellent links to videos, articles, and books. Please note this is a zero tolerance rule and first offenses result in bans. Pennies wont teach you how to evaluate the market or companies because they are gambles. Of course not. Who even gives it out?
I know. Log in or sign up in seconds. Who even gives it out? Monster Beverage. Submit a new link. Does moving to a bigger exchange suddenly make the company legit? Small caps are even more volatile. First big win was Linkedinbut i was stupid and lost most of it buy bitcoin with prepaid bitmex using vpn Fitbit, learned a lot, started to actually research and didn't look price anymore but tried to understand how companies work. You should just open the account with vanguard, assuming you don't have an IRA. No low-effort posts. The worst thing someone can do is come here see hype posts,get fomo, then invest in a company they know nothing about and didnt research because they read a post online. It's money I can afford to lose.
Question order filled at. Every person is different on their approach. You're right, everybody has their own investing strategies, and nickel and diming it is perfectly valid if you are happy with those returns. I approach penny stocks like I approach going to the casino and gambling. OTC stock's shouldn't be treated as investments ever. This is my small account trading journal. I hear a lot of people in this sub are using DeGiro. Only good for day trading? This is also wrong. I got in and out at the wrong times. His advice is pretty sound at that level. Hell no. Want to add to the discussion? Still kicking myself for not buying it at 50 cents. A worthwhile place to spend some time researching? Log in or sign up in seconds. All of this rambling to say that it all depends on your risk tolerance.
For real entertainment value, watch all the maneuvers regulated exchange listed stock companies go through to avoid delisting. I've got in mutual funds and about to play with in penny stocks. CanadianInvestor comments. This has been asked and answered many times in the past. Well guess what? Post a comment! The commission fees really eat into your margin, making the investment tougher to make a profit it on. But, if a mania does happen to grip my particular microcap, I'm perfectly amicable to unload my whole position straight into the stupid. It happens all the time. They are actually not operating companies at all, in a large majority of cases. The worst thing someone can do is come here see hype posts,get fomo, then invest in a company they know nothing about and didnt research because they read a post online. While this topic discussed what is your opinion of Tim Sykes from www. They are not that bad. Welcome to Reddit, the personal brokerage account disclosure form the stock market game activity sheet 2 calculating divide page of the internet. Useful Online Resources A guide to stock research! As Dan Lok says in his book F. This is my small account trading journal. Also I would today intraday tips free futures trading cme group a lot of different stocks to adequately diversify my portfolio.
While the odds are still very low, it is still possible and isn't something that should be so easily written off as pure gambling as this subreddit normally does. There are a number of reasons why a company would be on OTC Vycid lists a few reasons. Do you just want to invest money that would be sitting in a banks savings account into something slightly more return? As far as a single stock goes, well nobody knows. Possibly you! I either don't buy anything or go hard into something. The Microsoft investment wasn't "one lucky company". If you check out some of my post history you would know that I've made literally over a million dollars in investments within the last year alone and routinely post about them. Want to join? EDIT: Thanks so much for all the responses - entertaining and informative! How much research do you plan to do? Use the search bar to look for duplicates or similar topics that have already been covered here before posting. I've got in mutual funds and about to play with in penny stocks. It makes about as much sense. Sold a bunch around 8. Want to add to the discussion? I'm trying so hard not to get cocky but I'll probably do another k gamble sometime and see how it works out. Log in or sign up in seconds. They aren't real businesses, or research labs.
Edit: It is usually the start up place for most companies looking to go public. Become a Redditor and join one of thousands of communities. This is my small account trading journal. These kind of questions help you determine what you should be investing in. Like I said I won't get cocky and force anything. Seriously, just send it over. Trading around pumps is extremely difficult if you have no idea what you are doing. Honestly, most reputable companies will just do a reverse split to avoid getting delisted or file Chapter 7 if it reaches that point. So far I've been pretty successful at it, but it could all go downhill at any moment and I won't be upset at all. The Minnesota thing was just icing on the cake.