Boiler Room: The Official Stock Market Discussion

[ahomeplateslugger]

What’s the best resources to get up to speed on either penny stocks or options? I wanna see if I can flip $1k next week into like 1.5k - baby steps, but I’m seeing people make big money in a couple months, I need to pay these student loans

Why didn't you just do that Monday morning when the futures were at 900?

that was a good day to buy calls and let it print. the best way to learn is to just dive in. start small and work your way up after reading charts and learning patterns. you can learn all the terminologies you want but the best experience is just getting in.
options are dangerous tho. the money leave as fast as it come

 

[T.H.E.GOD]

I might still get a chance to make this major bread ya!! Lol. Disney might make a dude some money for real for real if it tanks for now! Hope I get to celebrate with ya on the next one!! Lol

 

[yseJ]

What’s the best resources to get up to speed on either penny stocks or options? I wanna see if I can flip $1k next week into like 1.5k - baby steps, but I’m seeing people make big money in a couple months, I need to pay these student loans

whats your bankroll and risk threshold ?

penny stocks is the easiest way but you can just lose everything. ie, gambling. most people playing that game are losing money long-term.

options and futures is something beginning investors are discouraged from, but it might be worth it in todays market like yesterday was too much of a rise for market. beware that some trading platforms can fukk you up on futures/options, since those are very time-sensitive. any flag/review/unavailability, and you can be screwed.

I dont think playing the market is a good way to make an extra 500 bucks you really need. I think there are better risk-free ways, such as putting your balance on 0% apr credit cards and earning interest on savings accounts, if you really need cash.

for investments or even gambling to work you need a bankroll you wouldn't be worried about losing too much of. in case of penny stocks, its like a poker bankroll.

if you need 50% roi off a few weeks, and you dont mind losing most of your investment as worst case scenario, penny stocks are your friend. look at trends and try to buy, hold and watch it rise, then sell as the pump gets too big. the big thing in penny stock gambling is that you have to be aware that most information coming to you is because the pumpers want you to have it. and the issue is, penny stocks attract gamblers who like to go for big gains (the moon), and by chasing those their chance of getting dumped on gets huge.

 

[dora_da_destroyer]

Why didn't you just do that Monday morning when the futures were at 900?

Talk about missing the point...I don’t do quick trades - not my knowledge base. So that’s why I “didn’t just do that”

 

[Saysumthinfunnymike]

Never fukked with penny stocks and never will. You can flip on major companies in this market, just don't get too greedy.

 

[dora_da_destroyer]

whats your bankroll and risk threshold ?

penny stocks is the easiest way but you can just lose everything. ie, gambling. most people playing that game are losing money long-term.

options and futures is something beginning investors are discouraged from, but it might be worth it in todays market like yesterday was too much of a rise for market. beware that some trading platforms can fukk you up on futures/options, since those are very time-sensitive. any flag/review/unavailability, and you can be screwed.

I dont think playing the market is a good way to make an extra 500 bucks you really need. I think there are better risk-free ways, such as putting your balance on 0% apr credit cards and earning interest on savings accounts, if you really need cash.

for investments or even gambling to work you need a bankroll you wouldn't be worried about losing too much of. in case of penny stocks, its like a poker bankroll.

if you need 50% roi off a few weeks, and you dont mind losing most of your investment as worst case scenario, penny stocks are your friend. look at trends and try to buy, hold and watch it rise, then sell as the pump gets too big. the big thing in penny stock gambling is that you have to be aware that most information coming to you is because the pumpers want you to have it. and the issue is, penny stocks attract gamblers who like to go for big gains (the moon), and by chasing those their chance of getting dumped on gets huge.

I don’t “need” any extra money per se, I feel comfortable losing a g, that’s why I threw it out there. Wanna dip in with $1000 and see if I can gain $500 from it, but I don’t know shyt about finding the best stocks to do quick flips (nor options)

 

[BucciMane]

Never trust a Chinese company..

Multiple are getting smoked for fraud recently. Proprietary information thieves and balance sheet frauds..

 

[Rickdogg44]

no way i'd be that conservative if i had that kind of cash flow.....i flipped 25k into 90k in jan-march (took some big losses too, but i was hitting the gas pedal)......right now i own like 6% of xspa's entire float....i'm a small timer compared to some of you but i make Big Moves.....know no technicals, never read WSJ or Barrons, i just act like i'm at the casino

What were your big gains and big losses during Jan - March?

 

[NkrumahWasRight Is Wrong]

Never trust a Chinese company..

Multiple are getting smoked for fraud recently. Proprietary information thieves and balance sheet frauds..

I invested in a chinese recycling company for lulz

 

[T.H.E.GOD]

I don’t “need” any extra money per se, I feel comfortable losing a g, that’s why I threw it out there. Wanna dip in with $1000 and see if I can gain $500 from it, but I don’t know shyt about finding the best stocks to do quick flips (nor options)

I’m no expert but with the advice these good dudes been throwing at me, wait for the next dip we hopefully get and look at eri, Disney, Starbucks, moderna or any other stocks these dudes put out ThAts looking good during the dip. Throw 200 at each and hope for the best. Once it raises like it just did today and yesterday, sell them shyts and get your money.

 

[the cac mamba]

no way i'd be that conservative if i had that kind of cash flow.....i flipped 25k into 90k in jan-march

damn

i have that kinda money to throw around but i dont know what the fukk im doing

 

[chineebai]

What’s the best resources to get up to speed on either penny stocks or options? I wanna see if I can flip $1k next week into like 1.5k - baby steps, but I’m seeing people make big money in a couple months, I need to pay these student loans

I basically play penny stocks all day everyday. It takes a longgg time to learn. There's alot of resource for free on YouTube. Best thing to do is to learn charts, support/resistance, types of gaps, chart patterns, scanning stocks on finviz, low float plays, play using news.

 

[T.H.E.GOD]

damn

i have that kinda money to throw around but i dont know what the fukk im doing

if I had 25k to flip, I’m throwing 15 at Tesla, and 10 at Disney on the next big dip.

 

[yseJ]

I don’t “need” any extra money per se, I feel comfortable losing a g, that’s why I threw it out there. Wanna dip in with $1000 and see if I can gain $500 from it, but I don’t know shyt about finding the best stocks to do quick flips (nor options)

oh gotcha.

penny stocks are king of flips, but with how volatile market is, follow dudes suggesting on here on quick flips or something this way you have leeway with losses. and you can do it with any platform pretty much. time a big dip and ride it till next peak and sell quickly.

 

[chineebai]

no way i'd be that conservative if i had that kind of cash flow.....i flipped 25k into 90k in jan-march (took some big losses too, but i was hitting the gas pedal)......right now i own like 6% of xspa's entire float....i'm a small timer compared to some of you but i make Big Moves.....know no technicals, never read WSJ or Barrons, i just act like i'm at the casino

You own 6% of xspa float? Thats like 2 million shares. Thats like 550k worth of stock.