Anyone have success trading Penny Stocks?

[Scot]

Hi guys i'm a newbie penny stock investor. can you advise me where do i start?

Didn't you make a website about how to be a penny stock investor....?

 

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[MidwestLandlord]

Didn't you make a website about how to be a penny stock investor....?

Please Do Not Pass By and Look Over My Website

 

[Daniel Newton]

Many many people do. The advantage with penny stocks is that the market for them is very inefficient leading to sometimes vast discrepancies between value and price. You will never buy Apple at 1/4th its value but this does happen with penny stocks.

That said it is important to understand that the majority of these companies are trash with little or no revenue , a gazillion outstanding shares, and balance sheets that would make a 2007 subprime lender hesitate. If you are asking this question I assume you are considering buying penny stocks. My advice would be don't until you are quite sure you know what you are doing. If you are really getting down to literally the penny and sub penny range it is extremely rare to find a solid legitimate investment. There are quite a few legitimate companies trading in the .50-5.00 range and those are also considered penny stocks.

 

[bringitnow28329]

Many people do what? I hope you mean lose money in penny stocks and not make money in penny stocks. The problem saying that there is value in a penny stock is the fact that these are trading vehicles, not invest-able companies. They are not legitimate companies and the ones that are soon realize their only way to stay in business wit no revenues or profits, is to beef up their PR campaigns so that they can do stock offerings and issue worthless stock to unsuspecting suckers as much as possible.

Many many people do. The advantage with penny stocks is that the market for them is very inefficient leading to sometimes vast discrepancies between value and price. You will never buy Apple at 1/4th its value but this does happen with penny stocks.

That said it is important to understand that the majority of these companies are trash with little or no revenue , a gazillion outstanding shares, and balance sheets that would make a 2007 subprime lender hesitate. If you are asking this question I assume you are considering buying penny stocks. My advice would be don't until you are quite sure you know what you are doing. If you are really getting down to literally the penny and sub penny range it is extremely rare to find a solid legitimate investment. There are quite a few legitimate companies trading in the .50-5.00 range and those are also considered penny stocks.

 

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[V8Bill]

Nobody gets rich off the stock market

Haha, that's one of the funniest things I've read in a long time. Nobody? Ever?

 

[Curtis Randolph]

Many people do what? I hope you mean lose money in penny stocks and not make money in penny stocks. The problem saying that there is value in a penny stock is the fact that these are trading vehicles, not invest-able companies. They are not legitimate companies and the ones that are soon realize their only way to stay in business wit no revenues or profits, is to beef up their PR campaigns so that they can do stock offerings and issue worthless stock to unsuspecting suckers as much as possible.

Sent you a PM a minute ago... ;-)

 

[bringitnow28329]

Cryptocurrencies are the new penny stocks and are exploitable.

If you have an edge that exists in the penny stock market you should exploit it and make $ like Tim Sykes did.

But if you think your going to look at a chart, click a few buttons and make big $ money consistently trading thats beyond insane.

I can't recall one big whale trader who trades penny stocks for obvious reasons, there a lot of better markets out there than penny stocks.

 

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[Vigilante]

I successfully

lost my a$$ on a penny stock.

Pump and dump.

Reverse split.

My $1,000 turned into like $12 within 24 hours of a planned pump, dump, reverse split.

 

[Fortune5ive]

I successfully

lost my a$$ on a penny stock.

Pump and dump.

Reverse split.

My $1,000 turned into like $12 within 24 hours of a planned pump, dump, reverse split.

That’s a loss but not exactly losing your a$$. Lol

 

[Vigilante]

That’s a loss but not exactly losing your a$$. Lol

Every dollar I lose is pain. Every dollar I win is gain. I don't like to lose.

 

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[Guest3722A]

Picked up some ATRA at market open for a trader. Watching it like a hawk, but it looks solid so far. And, for some folks at this forum, VIPS looks interesting.

 

[go giver]

tim Sykes is a well-known penny stocks trader. his net worth is estimated to be around 20m
he also teaches people about trading penny stocks and has some videos on youtube about trading and short selling.

he also has a book written on trading and his story of becoming a millionaire"an American hedge fund "

 

[Process]

tim Sykes is a well-known penny stocks trader. his net worth is estimated to be around 20m
he also teaches people about trading penny stocks and has some videos on youtube about trading and short selling.

he also has a book written on trading and his story of becoming a millionaire"an American hedge fund "

You and everyone else should read the beginning parts of this thread.

And then there'd be at least one less mug in the world.

 

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