need advice on penny stocks - Beginners and Introductions | futures io social day trading
futures io futures trading


need advice on penny stocks
Updated: Views / Replies:998 / 6
Created: by rhwingfield Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 
Thread Tools Search this Thread
 

need advice on penny stocks

  #1 (permalink)
Trading Apprentice
martinsville,virginia united states
 
Futures Experience: None
Platform: tradestation
Favorite Futures: stocks
 
Posts: 2 since Sep 2012
Thanks: 4 given, 1 received

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)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,075 since Aug 2011
Thanks: 970 given, 2,634 received

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.

The following 2 users say Thank You to wldman for this post:
 
  #4 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received


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.

@rhwingfield,

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.

The following user says Thank You to Silvester17 for this post:
 
  #5 (permalink)
Elite Member
Greensboro NC
 
Futures Experience: None
Platform: TOS/ NT Dorman
Favorite Futures: ES TF CL
 
Rad4633's Avatar
 
Posts: 1,352 since Sep 2011
Thanks: 2,651 given, 886 received


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 09:24 AM.
The following user says Thank You to Rad4633 for this post:
 
  #6 (permalink)
Elite Member
NC, USA
 
Futures Experience: None
Platform: None Yet
Favorite Futures: Guitar
 
MrYou's Avatar
 
Posts: 403 since Jun 2011
Thanks: 618 given, 193 received

See BigMikes webinar on Where to start as a trader? Part II is on the schedule.

The following user says Thank You to MrYou for this post:
 
  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received

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

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:

Closed Thread



futures io > > > > need advice on penny stocks

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Need advice. ReaM Psychology and Money Management 19 August 31st, 2012 05:14 AM
CANADA KILLS THE PENNY kbit News and Current Events 1 March 29th, 2012 09:36 PM
Mailing a letter to cost a penny more next year kbit News and Current Events 0 October 18th, 2011 10:17 PM
Could you advice me on this DOM. gracepips NinjaTrader 1 March 27th, 2011 08:33 AM


All times are GMT -4. The time now is 03:06 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.11 seconds with 19 queries on phoenix via your IP 54.163.209.109