Does anyone here trade with pennies?

Your working hypotheses with OTC stocks is that the stock will go to 0.0001 via reverse splits and serial dilutions and that the 0.1 vs 0.3 is probably the spread and even if it goes up 1000% you may not get filled when you try and exit. All stop levels will be violated at some point.

They are much trickier to make money in than they look (at least for me).
 
Quote from Port1385:

Lets say the stock is trading at over 1 million in volume per day or more and that liquidating the position is not a problem.

Yes, this is a Timothy Sykes strategy, but does it work? It worked for Tim, but that was during a time when these penny stocks would go up a 1000% in short time....I dont consider Sykes an expert, but just someone who got lucky with this method.
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Tim didn't actually trade stocks that were 1 penny. He traded more legit microcap companies. Those stocks were generally above $1.
 
Robbie, I'm going to ask that you stop trolling certain posters threads as your sole intent seems to be to knock them off topic and insult folks.

Once in a while, calling someone out is one thing. But you're doing it repeatedly lately.
 
Quote from Ivanovich:

Robbie, I'm going to ask that you stop trolling certain posters threads as your sole intent seems to be to knock them off topic and insult folks.

Once in a while, calling someone out is one thing. But you're doing it repeatedly lately.
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well...is there any reason why i shouldn't call the guy out if he continues to spew the bs that he has been posting for months?
 
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