Let's Talk Penny Stocks: How to make money quick

[systemJLx 10+ year member]

Alright, so i'm pretty interested in penny stocks. what i dont need is a bunch of fegs saying that it's a stupid idea, because if you research and get a lil lucky, you can make a decent amount of money in a short period of time. For those of you who don't know what penny stocks are, here is a link: http://www.pbase.com/dlcmh/penny_stocks

I do know the risks involved, and i would start out slow and cautious.

So, is anyone here a day trader? Which platform do you use for a brokerage system (you need an online platform that doesn't have high fees and is sort of geared towards day trading penny stocks)? What sites are good for information and how can i learn a lot more about this? is there some good books i can check out of the library that any of you day traders would recommend?

Click to read more...

 

[anj46907 10+ year member]

***

 

[alpine_freak32 10+ year member]

Looks like this isn't the forum where people invest money....... more like spend it on electronics....... keep searching, maybe you'll get lucky

 

[Louisiana_CRX 5,000+ posts]

//content.invisioncic.com/y282845/emoticons/popcorn.gif.32dd9e22fd77e77bc3c907062768fcd2.gif

 

[ngsm13 5,000+ posts]

Meh.

nG

 

[anj46907 10+ year member]

i vote .....how about u get a decent job

 

[gqjeff 10+ year member]

I have a few friends that bought them.. Non of them made 1 cent bro they all went down the drains.. Wait it out until the recession stops and buy real stocks. Then you can make some bank.. I am hoping we see another late 90's boom here in the next few yrs. I will then be loaded if we do...

 

[systemJLx 10+ year member]

I have a few friends that bought them.. Non of them made 1 cent bro they all went down the drains.. Wait it out until the recession stops and buy real stocks. Then you can make some bank.. I am hoping we see another late 90's boom here in the next few yrs. I will then be loaded if we do...

there is actually so many ways to make money on a falling economy. i know a guy who basically just does that, and he banks crazy doing it. There's a way you can bet on certain companies going out of business, and also borrowing stocks and such from people who do have them. It gets a little more complex because I just started getting into this kind of thing, but with some time it seems like there's some decent money that could be made with a few small and smart investments. Remember i'm not trying to make like over 100g's here, i'm just trying to maybe get lucky and make like 2k before the summer. I knew a kid in school that used to buy and trade penny stocks in school, and he would make decent money doing it. He would be putting like $900 dispersed in a couple stocks and would make decent money (for a kid in highschool/college, if you go to college and further educate yourself on the subject, then you are more likely to make the big bucks off the market). All i'm talking about is just making a little extra money while i'm at college and don't have a lot of time for a job.

 

[97gp 5,000+ posts]

Buy qtww right now //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[Compwizzard 10+ year member]

words of advice don't play penny stocks, play real stocks, my attempt at playing real stocks got shot down i was too late, i was going to invest my $1k that i would receive tomorrow! and im about a week late

one week ago gm was about 1.80 now there like 2.80

aig was .50 now there 90.

and a ton of other stocks are about to sky rocket

if you got the money buy what big company you can and earn bank, i hope i can buy my other ones before they jump too high

i could of earned a tonz of monies //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[systemJLx 10+ year member]

words of advice don't play penny stocks, play real stocks, my attempt at playing real stocks got shot down i was too late, i was going to invest my $1k that i would receive tomorrow! and im about a week late

one week ago gm was about 1.80 now there like 2.80

aig was .50 now there 90.

and a ton of other stocks are about to sky rocket

if you got the money buy what big company you can and earn bank, i hope i can buy my other ones before they jump too high

i could of earned a tonz of monies //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

well which stocks are generally good right now? or which ones will sky rocket? ive got a little money saved up, and if i can ride a stock good for a couple weeks i'll be satisfied with that. as long as i end up saving a little over 2k. I got a couple hundred i can invest.

 

[Compwizzard 10+ year member]

please do not take my advice it is all risk, and if you would of taken the risk like i was trying to do as fast as possible you could of made a ton of money, you still can, aim for all the big guys that have been failing

like i said gm, they gained a dollar plus in the few days

citi group is rising

aig just raided like 30 cents today

Microsoft raised 16% today

i believe i heard on the radio apple raised 10%

my guys

ford,gm,c,aig

if aig doesn't hit a dollar by tomorrow im buying them

n if i buy em ill keep you updated

just think, its summer everyone's earning money and everyone has there refund check so everyone is spending that's why the first nice day stocks went up

i tried so hard to get the money in time but epic fail

 

[fasfocus00 5,000+ posts]

I bought a bunch of SiriusXM stock when it was $.08 and now thier around $.34

 

[Compwizzard 10+ year member]

I bought a bunch of SiriusXM stock when it was $.08 and now thier around $.34

exactly

sh!ts about to boom, especially with everyone getting there tax refund

 

[Freakshow 10+ year member]

I got a couple hundred i can invest.

You won't make too much by only investing a couple hundred.

Remember that the government has a 25% tax rate on all short term capital gains, plus whatever your broker charges. You might be lucky to break even.