Saysumthinfunnymike
VOTE!!!
Buffet didn't make billions flipping pennies tho I mean let's be serious, he made his billions with blue chip plays.
I'm not against pennies tho
I'm not against pennies tho
Boiler Room: The Official Stock Market Discussion
$OPTIMy first one that is really hitting...
My cost basis $0.0031 per share
You guys hang on to it? Or taking the profits and run?
Real penny trading. My nikka! Hope you getting K's off that flip.That's not true. KO wasn't a blue-chip when Buffet first invested into it, and that's the largest investment of his portfolio. In fact, Buffet got in the game buying into a defunct publicly traded company and he MADE them hot. They were going bankrupt when he came into Berkshire. Most of his port is blue-chip bank stocks though. I'll give you that. But I mean he's already a billionaire at that point.
I feel like its good to diversify and have both individual stocks and index funds. Its more about money management and a mental game. penny stocks likely won't get people rich but they could give a decent return to flip into a higher priced stock. ain't no stock regardless a guarantee cuz any stock can go down and discourage an investor. like look at what happened in March. doesn't happen that often but someone who might've purchased a stock and then had it crash would be devastated. of course luckily things started going back up. Also I don't think you need to be high iq, or maybe I just am not like the average people you describe. I know all about candlestick charts and stuff like that cuz of reading up on forex, but I'm not really applying that too much. just managing my money and risking what I can afford to lose plus minimizing my losses and being smart with taking profits is what has helped me. I don't even do DD. I just follow what y'all and others online say and see what is good with the stock and get in and out as need be. some stocks will go up, some stocks will go down. but if you smart about your money, you'll be ok. investing is a long mans game. some just don't have the patience for it cuz they want huge gains on a daily basis. I made o.27% today amongst my 3 fidelity accounts for like $150 profit, not much but something and I'd take that every day of the week if I could. Success is success no matter how much.i'm an average nikka and i'm up 50% this year
average nikkas should just do index funds for steady 12-15% gain and just invest for next 30 years. they maybe average, but that's how you make a mil.
not everybody is high IQ breh. average nikkas don't even know wtf is candlestick charts and they ain't got a clue wtf they are doing. they ain't traders. they just speculate and buy with a damn hunch. there's zero research behind it. they just follow hearsay and put a damn blind faith in it. that's exactly how nikkas lose money. i know ton of these nikkas who bought into penny stock hype and they stop fukkin with them cuz at the end of the day it got them nowhere.
hell that's exactly what i do, but i at least look into wtf the company is about.
Saysumthinfunnymike
VOTE!!!
His largest holding is Apple tho by a wide margin
got in for 5k at 0.0046. up like $57 overall. PR expected tomorrow afternoon so hopefully it gets a decent morning run. might sell some to secure a profit and let the rest cook.$OPTI
My cost basis $0.0031 per share
You guys hang on to it? Or taking the profits and run?
can't imagine having that berkshire stock. 273k a share
imagine getting in that bytch when it first started.
These Covid and mask plays are back.
In AHPI and NBY.
In AHPI and NBY.
dora_da_destroyer
Master Baker
UONE ran up again,
Saysumthinfunnymike
VOTE!!!
Took a flyer on OPES. It's BurgerFi going public.. I see some upside here
I read this yesterday. Sad that breh didn't understand the option strategy he was using. I don't think it is Robin Hood's fault though. It is common practice for options to settle up the next day or over the weekend once they expire or are assigned. I had 1-2 scares a few years ago, although not to that level. I had an ITM call spread with the short calls assigned away and had to call technical support to figure out what to do to make my account whole lol. It's a right of passage as an options trader basically.
No. Wish I did tho. I made a g and took it and ran$OPTI
My cost basis $0.0031 per share
You guys hang on to it? Or taking the profits and run?
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Chrishaune
Veteran
Yea, I'm in for a nibble. the upcoming news and current volume should move it where it's not the dud it is right now, but at this point I'll take a break even and push some $ elsewhere
yea, this is sadly true. even the pennies have sharks and with the right strategies you can capitalize off these daily. someone will get left holding the bag and it's likely the new investor who bought in at the peak now stays in too long and is left with worthless stock. that's when fundamental trading has to come in - does the company do something useful? is it in an industry that is primed for growth. a no name company today could get bought out by one of the big boys tomorrow or may be one good quarter away from a major breakthrough
it's been awhile since i read one of his books but he likely had access to contact and capital most brehs aint seeing.
ugh, i been holding this bag of crap for the better part of a week, I'd gladly take a few % less than my investment to jump into some actual up and coming tickers. it's getting close tho