12-12-2021, 08:58 AM
(12-12-2021, 08:41 AM)fenders53 Wrote: Play the game long enough and you will lose most of it. I wont play with shell companies. 95% of penny stock are mostly unregulated fraud. The big market is dirty enough for me.
No charge for that lecture. You have my blessing to go light some money on fire now lol.
If you buy companies trading near 52-week lows with an ADV over 100k shares most will pop at some point or other. You just have to be ready to sell quick.
Not advising anyone to do it but I might just for the entertainment though the cash will be nice too.
There are ways to make money in just about every part of the market. This includes penny stocks. You just have to know what you're buying, how it behaves, and be sure it fits your risk tolerance. This lecture is also free. I could give you one on speculative commodity option tools where you can make 20:1 sometimes - would have to dig for my notes on that though (been about 10 years since I did it) but they exist. Though you won't get in with just $1k.
One of the keys for anything like that is don't just do one or two. You have to have dozens going at a time, figure you'll miss on at least 30% and - this is the biggest key - when it's not a winner get out. Waiting can turn a modest loss into a big one. Don't let the pride in yourself as an investment-picker get in the way of realizing you aren't perfect.