Saysumthinfunnymike
VOTE!!!
yes but you can lose serious money too. Penny stocks you need to get in and get the fukk out quickly, I don't do them but others here have and have made a lot.
Boiler Room: The Official Stock Market Discussion
yes but you can lose serious money too. Penny stocks you need to get in and get the fukk out quickly, I don't do them but others here have and have made a lot.
It’s possibly but it’s very close to straight gambling hard to tell what they will do ever
BK The Great
Veteran
It seems you really gotta be in the “In crowd” too that got an idea which are gonna make you that money. It’s not for everyone and those that know seem to have there own circle of people to make that money off them penny stocks.
BK The Great
Veteran
I'm starting out. Truth be told I see yall posts about stocks at like $100+ and I'm not quite there yet (I'm starting out at $25 for reference). I dont want to blow my load too quick knowing I'm just a beginner. I've followed almost all of the suggestions everyone mentioned here, and trying to find a good few to actually invest in.
Not sure if you guys have ever done this on here, but maybe give suggestions for price points?
Example:
If you put in $500... these are the 2-3 you should invest in.
If you put in $50.... these 2-3 are where you start at.
I've seen a lot of pharmaceutical and oil ones mentioned, but outside of Robinhood and their metrics, I need some more resources. Yahoo Finance any good?
it's extremely risky. And when you say Penny socks I think you're referring to OTC/pink sheets.
These are the different kind of guidelines not NASDAQ or NYSE stocks.
And beware of these companies that say sign up and get free stock pics as they will give you the stock picks on a Monday morning at 8:00 or 9:00 and the stocks usually open up at a +100% percentage and drop as you are buying.
I started my own thread in 6 certs section where we try to advise each other way ahead of time and by that I mean at least a day or two, if not more. Nothing's guaranteed especially in this yo-yo market but bio-techs are always the most volatile individual stocks to invest and you can win a lot or lose a lot ... just like that
You try to get a stock at like .17 throw a stack on and and hope it gets to like .54 and then sell before it drops again
BK The Great
Veteran
I’m gonna have to look Into it a little since I’ve never invested into the stock before. I’m guessing it’s good to know the ins and outs before even considering.
LeVraiPapi
Redemption is Coming
so you wanna invest money right?
Do not look for shortcuts or handouts. Go on youtube and Investopedia and learn bro. shyt is free brethren.
Learn the charts. Learn what the lines and the candles mean then open a paper trading account on etrade or TDtrade
Saysumthinfunnymike
VOTE!!!
I can't straight up tell you what to do but if it's me and I have $50 and I feel like throwing it at something (not an existing position in my portfolio) I'd look at a trusted struggling company. Look at AMC or Ford as examples, we've been talking about them here.
AMC might go completely out of business, in that case you are out fifty bucks but if they survive and you put in fifty bucks at $3/share maybe they get back to $6 and you make a hundred.
But that's the thing $50 isn't going to do much unless you hit on a random stock trading for pennies. $500 you can do more with obviously. You gotta spend more to get more with these companies.
So say you had PLAY at $5 a share and then sold it when it got back to $17. That's $1700, you made $1200.
ahomeplateslugger
Superstar
to all of you starting out i suggest you use the next few weeks to study stock terms, financial statements, chart reading, find several stocks that'll survive this that you want to invest in and stack your money.
don't rush to jump in this right now.
and don't use robinhood!
don't rush to jump in this right now.
and don't use robinhood!
Saysumthinfunnymike
VOTE!!!
But then let's say you spent $500 on Amazon years ago when it was trading at $50/share during the recession. Now it's trading at $1900. You would be at $19,000
It's not easy to predict a stock will take off like that, I'm giving you the good feel stories. There's a lot more bad stories out there than good. You gotta do your research.
In fact, you probably shouldn't enter the game without knowing the basics. I'm not an expert myself at all... I read and read everyday.
It's not easy to predict a stock will take off like that, I'm giving you the good feel stories. There's a lot more bad stories out there than good. You gotta do your research.
In fact, you probably shouldn't enter the game without knowing the basics. I'm not an expert myself at all... I read and read everyday.
Jump on a NVAX train if you nikkas haven't done that already.
Its not far off the 52 week high
Still good value?