Trading Penny Stocks

CaptainObvious said:
I would imagine the dump happens faster these days. Been quite some time since I have played in that arena. Old man lost his nerve for that gambling market, but I used to have a nose for it. I will say this, I made more money trading penny stocks than I ever made in the so called "real market". More luck than skill for sure, but for a time I was one lucky SOB. Miss those days, alot. Good hunting
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Are you related to Handle123?
 
guru said:
I think different traders will trade and teach different types of “penny” stocks. Right now it seems common for them to be stocks under $5, or generally micro cap stocks. And still traded on Nasdaq (vs OTC).
Though some traders may specialize specifically in stocks under $1.
I’m finding wide range of those stocks to behave similarly, except for margin. Shorting stocks under $2.50 requires $2.50 per share margin, so that’s the minimum.
(trading long is usually 1:1 in terms of leverage)
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But if they have options its different story
 
Interesting info. I have been thinking that working with penny stocks is much more profitable because the stock market and Forex trading is extremely unstable and we saw all this during the economic crisis due to the coronavirus. This is my personal opinion. I lost about $ 15,000 on Forex and after that I decided to work only with penny stocks and realized that it was much more profitable. I was a beginner in this area and therefore decided to find out more information and learn as much material as possible. So I came across several articles about the best penny stocks and there I learned a lot about penny stocks. I am currently in the process of learning some more about it. I really hope that this will work better then the general trading that I have done in the past. Hopefully it will be better.
 
lakersgirl said:
Interesting info. I have been thinking that working with penny stocks is much more profitable because the stock market and Forex trading is extremely unstable and we saw all this during the economic crisis due to the coronavirus. This is my personal opinion. I lost about $ 15,000 on Forex and after that I decided to work only with penny stocks and realized that it was much more profitable. I was a beginner in this area and therefore decided to find out more information and learn as much material as possible. So I came across several articles about the best penny stocks and there I learned a lot about penny stocks. I am currently in the process of learning some more about it. I really hope that this will work better then the general trading that I have done in the past. Hopefully it will be better.
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So you're Lakers girl but you live in Dublin and don't speak English?
Or you're a child labor from Bangladesh hired to post nonsense?
 
Everyone please keep in mind that while you are welcome to discuss the fine points of trading pennies, please do NOT mention specific stocks. They are too prone to pump 'n dump, so we do not want individual pennies/OTC/pink sheets referenced on our forums. Thanks.
 
Magna said:
Everyone please keep in mind that while you are welcome to discuss the fine points of trading pennies, please do NOT mention specific stocks. They are too prone to pump 'n dump, so we do not want individual pennies/OTC/pink sheets referenced on our forums. Thanks.
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Thank you Magna, you and Baron have done a hell of a job keeping us clean unlike the old Wild Days of Silicon Investor, Motley Fool and Yahoo Message boards filled with utter trash. Now StockTwits has become worthless, we all appreciate it!
 
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