so you guys all trade $10+ stocks? The only allure I like about penny stocks is the leverage ie. move from .01 to .16 is huge percentage.
Took break from trading, but I know you cannot give up
- Thread starter Make Dough Repeat
- Start date
*shakes head*
I wouldn't necessarily recommend it but for lottery plays its not bad i.e the trip zero. .0001 automatically doubles your money on any uptick (assuming volume). High leveraged lottery plays for sure, but if you have money laying around not a bad one. And if the company turns out to be a winner, there you go.
And if the company turns out to be a loser?
Right, but that's why it's a lotto play, with throw away money.
DCAC today is an example of what I mean for anyone interested. Again, only good with throw away money.
If I wanted to play with throw-away money, I'd play an actual lottery and save my trading monies for real trading. Not on "throw-away" trades.
Well your chances are much better with a .0001 stock than a lottery. Any uptick and 100% gain. Just need to do DD and figure out the right one that has some vol.
I just don't see it that way. What can a stock at .0001 offer me? A drop to .00005? I mean, I see your point. A million shares at .0001 is $100. If it rises to .001, that's a $900 profit. But how well would I be able to offload a million shares for that gain? Just doesn't seem worth it.
Its all relative. There's no free lunch.
Cheering for a one penny move may sound easy...
but its not when 5.2 M shares trade on an 8 cent stock.
MDR... if you're for real.... apply your T/A skills to stocks over at least $6.
If you're good, you'll make bank. F'ing around with pink sheet stocks is a losers game. Unless you can short. Which you can't. Evolve son.
Evolve.