New guy needs some help

[Rodbuilder]

%% Actually using discretion;
i think rodbuilder is serious.
Rodbuilder;
buy or borrow Tim Sykes penny stock book. And figure out why he went from college+ penny stocks to higher priced stocks or ETfs.

More on #4. General rule is bull markets=buy because uptrend is your friend=2019;
bear market= sell+ trade . Or with SPY+ good mutual fund buy with a selling plan. Welcome to Elitetrader; take some of your nice stock profits + build a private library + get a public library card. Wisdom is profitable to direct.,

If you will, send me a message with your email address so we can communicate. Sounds like you have a head on your shoulders!!!

I look forward to hearing from you.

 

[tenny1886]

I just got into penny stocks on Etrade and could use some help.

Got $3500 invested and im up to over $6500 now, but dont know what to do with what!

1. Lers say i bought 10000 shares of a stock at 20 cents.

2. Now its up to 40 cents.

3. If I take 800 shres out at limit at 40 cents WHERE does that money come from AND go to, on my Etrade account figures?

4. What is the right way to handle the money in my account, so I can make my profits grow? Buy, sell, etc???

5. I dont understand the different dollar values in my "account". What is the relavance of all those amounts?

6. How do I determine what my PROFITS are and when should I sell shares to take profits?

7. I understand that when I sell shares the number of shares I have will go down, so at what point should I reinvest my "profits" AND in what stock do I invest - that one, or a different one?

That will get me started.

Thanks for any wxperienced help.

penny stocks u don't hold it for retirement, you get rid of it when news is out. Doesn't take much to pull the rug out on penny stocks, its pump and dump.

 

[tenny1886]

Looks like you have found a way to print money!

But please keep the list to yourself or someone here will accuse you of trying to "pump and dump" the penny stocks on ET.

penny stocks is always pump and dump, if u r not in before the stock makes into penny stock radar, then u will be left holding the bag, if anyone thinks it is otherwise, then it will be a foolish endeavor.

 

[Rodbuilder]

Looks like you have found a way to print money!

But please keep the list to yourself or someone here will accuse you of trying to "pump and dump" the penny stocks on ET.

It would.be really hard to validate such an accusation when i dont know what that means!!!!

 

[tomorton]

Im sorry.....make that a peofit of 3 grNd!!! 6550 minus 3500.

Oops!!

No worries. As you're American, I think I and probably others took it for granted you don't get either percentages or the metric system.

Take it easy.

 

[Overnight]

It would.be really hard to validate such an accusation when i dont know what that means!!!!

https://en.wikipedia.org/wiki/The_Wolf_of_Wall_Street_(2013_film)

 

[Overnight]

...
Like someone told me about 40 years ago (im 72) people are always gonna eat and drink....and adding one more to that, now that pot is legal....SMOKE WEED....so if we can buy stocks right (with those in mind), we should have it licked!!
...

Heck, that sounds like the attitude of some of the characters in the film. If you haven't seen it, I recommend it.

 

[Rodbuilder]

https://en.wikipedia.org/wiki/The_Wolf_of_Wall_Street_(2013_film)

Responding.........but see........this is NOT a game to me and the ONLY one im respinsible too whether i win or lose is......guess who!!..... ME!!!

From a 72 year old guy, to someone im sure is much younger, if your not willing to take any risks you will NEVER:

1. Learn anything.
2. Have anything.
3. Or BE anything.

Ttust me, no matter how long you live you will ALWAYS have those challenges to work towards unless someone gives you everything.

 

[Overnight]

...

From a 72 year old guy, to someone im sure is much younger, if your not willing to take any risks you will NEVER:

1. Learn anything.
2. Have anything.
3. Or BE anything.
...

Hey, YOU'RE the one who came here asking for help. That you are 72 YO and have NEVER heard of pump-and-dump is eye-opening. I provided a source where you can learn about a real-life (read: true story) scenario of pump-and-dump, in an entertaining way. (It's a good film.)

Just be careful on your quest to conquer the pink sheets.

 

[Rodbuilder]

Hey, YOU'RE the one who came here asking for help. That you are 72 YO and have NEVER heard of pump-and-dump is eye-opening. I provided a source where you can learn about a real-life (read: true story) scenario of pump-and-dump, in an entertaining way. (It's a good film.)

Just be careful on your quest to conquer the pink sheets.

Will do!