Quote:
Originally posted by starglazer
You don't have to sit on the computer all day. I go to school full time so I setup stock alerts on my cellphone so once a certain price or volume reaches it alerts me.
I won some I lose some. With penny stocks I find that looking at charts or technical analysis is useless. More like volume and news is the key.
I'd rather play stocks than go into a casino with pocket Ace and still lose. I think $3000-$4000 is the maximum you should put into 1 penny stock that way $0.01 can mean $100-$200 dollar.
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Different people have different views. With penny stocks, you either win big or lose big. It's like 50/50 chance either way.
Anyways, good luck to you!
To Redliine:
If your story is true, you made 65K already based on $4000 invested! That's pretty good. Like I said, penny stocks are not for everyone, especially for newbies.
You guys should conside playing OPTIONS too! It's just predicting how the stock will be like in coming months.