mjbailey21
10+ year member
Getting back into it!
You need to do a lot more research. You will not make substantial money day trading penny stocks.
On top of that, unless you open an account with $50k most places will charge $7-$10 PER TRADE (per buy, per sell) and if you are dealing with penny stocks on a daily basis you'd be losing more money buying and selling then just letting a few stocks sit for a few months.
Honestly day trading isn't for any beginners, I would start off much slower.
Buy two or three stocks and hold them for a few months to see how they do. You will learn a lot just by doing that.
