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need advice on penny stocks
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need advice on penny stocks

  #1 (permalink)
Trading Apprentice
martinsville,virginia united states
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Platform: tradestation
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Posts: 2 since Sep 2012
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need advice on penny stocks

As of yet I have no useful content, only questions. anyone with advice for someone who has never traded but is getting ready to get their feet wet in penny stocks.

  #2 (permalink)
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  #3 (permalink)
Elite Member
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wldman's Avatar
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Don't do it...

the spreads are way to wide relative to the price of the product. Further, there are many many penny stock hucksters that are a total fraud. Start small and trade a legit product.

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Market Wizard
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rhwingfield View Post
As of yet I have no useful content, only questions. anyone with advice for someone who has never traded but is getting ready to get their feet wet in penny stocks.


if I'm not mistaken, @Big Mike doesn't allow penny stock "talk". maybe because there're too many scams.

I personally like penny stocks. but you should be aware of the risks.

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Elite Member
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rhwingfield View Post
As of yet I have no useful content, only questions. anyone with advice for someone who has never traded but is getting ready to get their feet wet in penny stocks.

IMO-Issue with pennies, so many pump and dump out there. Meaning all these places selling info on how to get rich, they'll send out a email saying buy this stock in the am but then at lunch after most have bought, the same place that said to buy will pull liquidity and the stock will fall back to lows or lower(it might take days too but this is how they operate). Only one that made money was the "pump then dump" locations. Granted there are legit businesses on the brink of bankruptcy hence penny stock that can make a real come back and you will definitely get paid from these.

Last edited by Rad4633; October 1st, 2012 at 08:24 AM.
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See BigMikes webinar on Where to start as a trader? Part II is on the schedule.

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Penny stocks are not allowed to be discussed on (formerly BMT).


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