people quit playing with these penny stocks. I imagine alot ...
people quit playing with these penny stocks. I imagine alot of you have already lost alot of money on this company and you keep buying back in, trying to make your money back. cut it loose and invest in something with potential. stop looking for 2x, 4x, and 10x gains overnight on penny stocks and you will grow your account much faster by trading companies with potential. the fact this company only has to move up 4cents or 15 cents to double or 4x your money is not a winning strategy
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JTS HR : However, this will see. 07 soon.
Johnny MnemonicOP JTS HR: I'm not saying it won't go up, it keeps volume, so eventually yes it will. but how many people have bought into this for the last 2 weeks and lost money, alotnof them price out and get back in, repeatedly losing money.
your goal for trading should be preservation, then gains. these type of stocks are the opposite of that
MikeyMikeMike : in response, some people don't have 25k lying around to daytrade tesla or buying the dips on larger stocks. I started with only a couple hundred and am slowly building that up so I can get into the big leagues. every day I am cashing in profit making 20-100$ dollar trades, and am able to average down when needed on limited cash. I would agree penny stocks are a risk investment, but work out well if done wisely. I am currently 80% green in my current investments. the ones I'm not, I just started working with.
Johnny MnemonicOP MikeyMikeMike: this is a fallacy about penny stocks, if you have a few hundred to invest, you can profit the same percentage wise trading 3$, 5$, 15$ stocks. the price per stock does not matter, the gains[if achieved] would be the same. penny stocks are much more risky for someone with a small account balance who is just starting out trading and knows very little.
Johnny MnemonicOP Johnny MnemonicOP: they are notorious for large swings and the probabilities of trading determine[especially for a new trader] that you will hit large runs of bad buys, which could put eat your account
Johnny MnemonicOP MikeyMikeMike: are there some that get away with it, yes. maybe your one of them. but I'm speaking in generalities
Johnny MnemonicOP MikeyMikeMike: if I were to use BETS as an isolated example, the last weeks have been full of people buying in and having 2 weeks of negative returns. so yes, the chances of an uptick is probable now, but if you were one of the many who kept buying and being priced out and are still buying in, then even if you catch the uptick eventually, you have 2 weeks of losses before you saw any "gains"
拾二 : I couldn’t agree more.
MikeyMikeMike Johnny MnemonicOP: these types of trades aren't my usual position, and yes, I am one of the few that sees the probability of outcome before I buy. a low is not a low until it reaches 0.0 and I couldn't agree more. however, most of my trades are 1-5$ stocks and I do pretty well when I'm paying attension to them because they do tend to swing quite a bit. I don't and didn't mean to support the purchase of a stock like this to someone who doesnt know what theyre doing, just wanted to give my 2 cents. wasn't trying to offend or recommend.
Johnny MnemonicOP MikeyMikeMike: I'm not upset or offended and it sounds like you know what your doing, I'm just talking about the people who have small accounts, new to trading and are asking people with large followers, if they should buy "now".
if your someone asking random people in the chat when to buy a penny stock, you shouldn't be trading these types of volatile stocks. you will lose money not than 60% of the time over the long run in general
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