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WILTDCIIS5 - toluna-3.654-date2013-05-06-time10-56-00-7356f753a932
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bob720124

bob720124

17 months ago

do you participate in "daytime trading" or investing in "penny stocks"?

i have always been intriqued by this, and have been looking to get into this
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pokecheck

  15 months ago
My dad does this but n o I do not!
0 comments

1111blossom

  17 months ago
I have traded stocks and have done some small caps, but there is one stock that has been the best pick by far this year...and it's not a small cap or penny stock. You have to be careful with the penny stocks and they are pumped up and then dumped, and you never know when you should get in and out. Better to invest in a good quality stock...imo!!
0 comments

bullet64

  17 months ago
I have traded in the market for many years. I have bought a few good penny stocks and more bad ones. The good ones made up for the bad ones so it was ok. Day trading is risky. In some ways it is like gambling, but you can increase your odds of winning.
0 comments

jose727

  17 months ago
I have been told about it by a few friends,and am considering getting into it
0 comments

ck_JOY

  17 months ago
No, but always wanted to...I think if I had more information...I would!
0 comments

kingbfree

  17 months ago
I do not participate in daytime trading because each time a trade is executed, there is a cost which cuts into the profits. Stocks held for less than one year are taxed at a higher percentage which cuts into the profits.
0 comments

edward.mack8425

  17 months ago
I have traded stocks online but stayed away from penny stocks for two reasons. My online broker did not offer penny stock trades, so that avenue was closed before I even got started. Was kinda frustrating because there was so many stocks excluded. I'll tell you the online broker if you ask me, but I don't see any reason to name it in this forum. The other reason was that I was very afraid of the volatility of penny stocks and there was no way to know what was going on with them. I got lots of recommendations on penny stocks and still do. But if you read the fine print, you find that most of the stock advisory companies are paid a fee, which sets up a definite conflict of interest. And a lot of companies are just offering the advice as part of "a pump and dump" scheme, to pump up interest in the stock the trading company bought and then dump or sell the shares after the price gains. My online broker had a policy of not letting traders sell the stock until after settlement (the transaction cleared), which took several days. So the only way to sell early was to have enough extra in the account to cover the sale proceeds until the settlement. Otherwise, you couldn't make the trade because you would be flagged.
0 comments

JonathanPurple

  17 months ago
I am invested in the market, but I am usually not much of a day trader or penny stock picker . . . sometimes I see value and I will make a quick buy and then a quick sell . . . and sometimes there is a stock valued under a $1 . . that has really nice upside potential, but in a market like like this . . every investor should look for bagains, buy and hold in strong, stable companies with great management and a decent yield on dividends . . . . . happy investing!
0 comments

masterOo

  17 months ago
not at this time i need to find out how
0 comments

Queencleo

  17 months ago
I tried dabbling on E-Trade with a few thousand dollars... As the stock market went down E-Trade started tacking on fees. I wasn't losing money, but I wasn't making money either... at first. But then it got to the point where the fees weren't worth it. So, I got out. It was fun... a good learning experience, but don't think I'd do it now with the market being so volatile. Good luck if you decide to give it a try.
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