Why Penny Stocks Scare Me... Need Tips Here!

Discussion in 'Penny Stocks' started by Kate, Apr 24, 2014.

  1. PennyLife

    PennyLife Member

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    When it comes to penny stocks, you go with the flow and get out when you have a profit. The more you follow penny stocks and watch the charts in combination with volume, news, dilution plans, notes payable and other similar things, the more you will understand how they work and the better you can take advantage of the scams.

    It comes down to what type of trader you want to be honestly. I'd rather not waste my time waiting an entire year to make 5% but that may be because I don't have the patience or the capital to throw into Microsoft or stocks alike.
     
    Last edited: Jun 12, 2014
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Many solid companies currently trading well into double or even triple digit price tags made well into double or even triple digit returns last year. Check out my portfolio in the investment subforum above.
     
  3. JR Ewing

    JR Ewing Super Moderator Staff Member

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    BLDP is moving up today on heavy volume.

    This one paid off for me today after first buying in 15 months ago:

    NFEC

    Transaction
    Date Transaction
    Type Dividend Per
    Share Shares
    Transacted Share Price
    $ Split
    Ratio Commission
    $ Transaction
    Value $ Share
    Balance [​IMG]
    4/28/2015 Buy 138.0000 2.0746 0.00 286.29 138.0000
    5/11/2015 Buy 138.0000 1.8700 0.00 258.06 276.0000
    7/11/2015 Buy 138.0000 1.1300 0.00 155.94 414.0000
    11/12/2015 Buy 138.0000 0.7600 0.00 104.88 552.0000
    11/24/2015 Buy 138.0000 0.9400 0.00 129.72 690.0000
    12/9/2015 Buy 110.0000 0.8701 0.00 95.71 800.0000
    12/18/2015 Buy 100.0000 0.8400 0.00 84.00 900.0000
    12/29/2015 Buy 50.0000 0.8850 0.00 44.25 950.0000
    12/30/2015 Buy 50.0000 0.7500 0.00 37.50 1,000.0000
    1/8/2016 Buy 50.0000 0.8200 0.00 41.00 1,050.0000
    1/11/2016 Buy 50.0000 0.8200 0.00 41.00 1,100.0000
    1/12/2016 Buy 50.0000 0.7513 0.00 37.57 1,150.0000
    1/15/2016 Buy 100.0000 0.6921 0.00 69.21 1,250.0000
    1/25/2016 Buy 100.0000 0.6000 0.00 60.00 1,350.0000
    1/28/2016 Buy 100.0000 0.6480 0.00 64.80 1,450.0000
    2/8/2016 Buy 100.0000 0.6200 0.00 62.00 1,550.0000
    2/12/2016 Buy 100.0000 0.6901 0.00 69.01 1,650.0000
    2/23/2016 Buy 50.0000 0.6400 0.00 32.00 1,700.0000
    7/6/2016 Buy 50.0000 0.6900 0.00 34.50 1,750.0000
    7/11/2016 Sell 150.0000 1.5000 0.00 225.00 1,600.0000
    7/11/2016 Sell 1,500.0000 2.0000 0.00 3,000.00 100.0000
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    BLDP

    Transaction
    Date Transaction
    Type Dividend Per
    Share Shares
    Transacted Share Price
    $ Split
    Ratio Commission
    $ Transaction
    Value $ Share
    Balance [​IMG]
    Transaction
    Date Transaction
    Type Dividend Per
    Share Shares
    Transacted Share Price
    $ Split
    Ratio Commission
    $ Transaction
    Value $ Share
    Balance [​IMG]
    7/1/2015 Buy 50.0000 1.6400 0.00 82.00 50.0000
    7/8/2015 Buy 50.0000 1.2750 0.00 63.75 100.0000
    1/4/2016 Buy 50.0000 1.4700 0.00 73.50 150.0000
    7/18/2016 Sell 100.0000 1.9600 0.00 196.00 50.0000
    7/19/2016 Buy 50.0000 1.6700 0.00 83.50 100.0000
    5/4/2017 Buy 30.0000 2.6600 0.00 79.80 130.0000
    9/13/2017 Sell 100.0000 4.4300 0.00 443.00 30.0000
     
  5. kirtimeliwal

    kirtimeliwal Senior Investor

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    The reality of the situation is that there is no intelligent reason an investor needs to trade in penny stocks or hold them in any type of portfolio. Penny stocks are risky as it always trades at lower prices. One need a high-risk tolerance capacity and patience to trade in such stocks.
     
  6. kirtimeliwal

    kirtimeliwal Senior Investor

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    Penny stocks are the state of dreams and nightmares for the investors. If traders want to become successful investors, they often have to invest in assets everyone else avoids. The penny stock market is heavily volatile that's is why a trader has to be very careful at the time of picking up a penny stock.
    stock tips
     
  7. Chartman

    Chartman Senior Investor

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    Penny shares often offer a greater degree of risk but also a great potential return. The fact that so many investors discount penny shares means there are some gems in the there but there is also a lot of rubbish. Dont dismiss penny shares out of hand but tread very carefully :)
     

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