...and you've become part of the problem. Boo.I'm dumb, I did buy GE, and enough to offset the declines in INTC. At this point, I'm just surfing the irrational volitile momentum. Honestly, not much consideration for any real underlying values. I used to hate guys doing what I'm doing, because it just makes the swings bigger. Now, I'm going to go with the flow.
Buy $1,000 worth of 5 different penny stocks. 4 fail and you lose $4,000, but one makes it to $1 and you've made a $96,000 profit.It all about percent return, and trade cost. It didn't take long to see that $1,000 of anything making 5% was only $50, less $20 in trade costs, only to be taxed. Joker made that point clear early on in this thread.
At the time I bought Apple and Google, I was just dipping a toe in to get a feel, so I bought a few different stocks in "small" amounts. My plans for those two were a bit more long term, though I did expect to bank something short term from the iPhone release.
I'm not going to say the specific amount I invest, but I will say that I have designated a comfortable portion of my savings for me to trade at the frequency I have the tolerance for.
As casual momentum trading has become my style, I have found HANS to be in the range of volatility that makes it worth my efforts, but stable enough that my gut rests easier since I "feel" like I know something about the company. Penny stocks just don't do that for me and my needs.
You mean makes it $1 then gets dumped by the pumpers leaving everyone else bag holding an illiquid stock back at .001. Huge position sizes and difficult executions make that easier said than done.Buy $1,000 worth of 5 different penny stocks. 4 fail and you lose $4,000, but one makes it to $1 and you've made a $96,000 profit.
I don't know much about stocks, but that's what I did in a stocks class and made more profit than the other 250 students in my class combined.
you think you can bat 1 out of 5 in the real game? if you could do that in class, have you done it for real? seems like you could find a way to get $5k of leverage and grow some wealth.Buy $1,000 worth of 5 different penny stocks. 4 fail and you lose $4,000, but one makes it to $1 and you've made a $96,000 profit.
I don't know much about stocks, but that's what I did in a stocks class and made more profit than the other 250 students in my class combined.
I actually did that 1 out of 1, but it was in a class with no risk of losing real money so I was going for maximum profit. In real life, I'd feel much more comfortable going with 1 in 5 odds. Just enough to better the odds without raising the buy in price too much. I just don't see the real benefit of buying just a few shares of expensive stock. At least with penny stocks, you can take out $1,000 and accept that you might be kissing the money goodbye, but at least you stand a chance to win huge.you think you can bat 1 out of 5 in the real game? if you could do that in class, have you done it for real? seems like you could find a way to get $5k of leverage and grow some wealth.
My point was more that 1 in 5 is not the real odds. Your class project showed that you can get lucky and hit the lottery. My method isn't an all or none game. I may put in $1,000, and a 10% growth will only get me $100, but the downside is not that I will be out my full $1,000. It could happen, like with the AIG values in 2008, but odds are that some less significant loss is more likely with someone the size of Apple. There is also a chance for the value of a bigger name stock to return from a dip, creating growth in the future.I actually did that 1 out of 1, but it was in a class with no risk of losing real money so I was going for maximum profit. In real life, I'd feel much more comfortable going with 1 in 5 odds. Just enough to better the odds without raising the buy in price too much. I just don't see the real benefit of buying just a few shares of expensive stock. At least with penny stocks, you can take out $1,000 and accept that you might be kissing the money goodbye, but at least you stand a chance to win huge.
Out of curiosity...how would you go about picking the stocks? Buy and wait for news on one of them? Pump and dumps? When you do this on paper, are you looking at volume? Some of the low floaters can make huge % moves but would have been impossible to trade in real life due to low volume.I actually did that 1 out of 1, but it was in a class with no risk of losing real money so I was going for maximum profit. In real life, I'd feel much more comfortable going with 1 in 5 odds. Just enough to better the odds without raising the buy in price too much. I just don't see the real benefit of buying just a few shares of expensive stock. At least with penny stocks, you can take out $1,000 and accept that you might be kissing the money goodbye, but at least you stand a chance to win huge.
you've been deputized.If you are buying on news, you're too late.
I went based on some news and research. Too late for maximum profit, but good luck actually buying one for $0.01 and selling at it's highest value. The stock had a steady climb of a few pennies a week until it was about $0.20 when I bought it. I held on to it for 6 weeks or so until three consecutive days of decline. At it's peak it was around $10, and I sold it around $7.50. A few days later it went to zero. I don't remember what it was... some sort of internet/technology company.Out of curiosity...how would you go about picking the stocks? Buy and wait for news on one of them? Pump and dumps? When you do this on paper, are you looking at volume? Some of the low floaters can make huge % moves but would have been impossible to trade in real life due to low volume.
Thats why i said buy and wait for news. Loading up on sub pennies and waiting for news is the penny gambler way. I think 75% of the threads on ihub are along the lines of "PR coming soon!"If you are buying on news, you're too late.
how much money are you investing towards apple to actually see a reasonable profit? It seems that you would have to invest $50,000 or more before any reasonable return was achieved.