Get out of the penny market before you see your money disappear....Sooner or later your money will disappear in penny stock scams... It's true.

purana kagaz · Jan 18, 2011 11:14 AM

Never put your money in a penny stock. you might gain 30-40% overnight (basically a gamble) which will lure you to put more money in it but eventually you'll get burned. put your money in stocks that have high liquidity. slow and steady wins the race. i have been there done that. good luck

dolphin · Jan 18, 2011 11:18 AM

I dont hold anything overnite i get in at the bell and get out before 10  and its been good to me so far i have been doing it for 8 months now

tyrannyoflogic · Jan 18, 2011 11:21 AM

thanks for the replies and the suggestions though

tyrannyoflogic · Jan 18, 2011 11:21 AM

 Yeah,...One day you'll get in at bell and you'll see 85% drop by 10. That's what we are talking about here. Been there, seen that, done that and saw money disappear like i mentioned.  Its just a suggestion not a warning.

purana kagaz · Jan 18, 2011 11:22 AM

thats what stop loss orders are there for the minute i buy i put a stop loss order and i have my limits to how much i put in one stock , i know its a gamble and i kid u not i have lost money  but i am up in the past eight months that i have traded...its about controls and due diligence and some more due diligence

tyrannyoflogic · Jan 18, 2011 11:32 AM

if it is making money for you then good luck. i hope you make more money. the question is how much up are you in past 8 months with all the risk you are taking.

dolphin · Jan 18, 2011 11:37 AM

 Looks like you're new in the game...i would consider 8 months as newbie... Just FYI, Stop losses doesn't work all the time when there's a significant drop in the PPS......Trust me, It will not work because there will be pressure on Selling and that's how you lose money.. 90% of Penny stock traders lose money in the long run...wait few months and you'll stop talking about penny stock and you'll start warning other people when you have lost significantly. Mark my words.

purana kagaz · Jan 18, 2011 11:40 AM

i started with 2500 for a margin account which dwindled to about a 1K in the first month now m at around 5 k and thats with 2 daytrades in a week from only one broker

tyrannyoflogic · Jan 18, 2011 11:43 AM

so you are saying, you had two trades and you had 500% ROI. you must be lucky on that part. what are those stocks that went 500% in a day. sounds like you are trolling now. 

dolphin · Jan 18, 2011 11:50 AM

@puranakagaz good looking out ...but m gonna take my risks when m down to my original 2500 i will get out and stop losses do work when your eyes are glued on to the level 2 quotes on the screen, its true i might lose more sometimes but its been good to me so far ...and again i might be pushing my luck here but hey the adrenaline sure feels good sometimes thanks when m down to 2500 i ll remember u and what u said

tyrannyoflogic · Jan 18, 2011 11:54 AM

@dolpin m talking about in the past 8 months i have had my ups and downs m not that lucky to have two trades bank me 500 percent in one week

tyrannyoflogic · Jan 18, 2011 11:55 AM

 I am new to stocks, would like to do some longterm investment, can some one suggest me what should i be looking for when i am researching

cool_volcano · Jan 23, 2011 1:01 PM