Day Trading Penny Stocks Does anyone here play penny stocks? I am a penny stock trader and I love doing it. It is a gamble but you can make alot of money. For instance, I played TPHM this week. A few months ago, I bought a few million shares at .0004 (didn't cost me much) This stock is now running- Today high was .0034 I sold some in the .002's (but now I am playing on free shares so I don't care what it really does because I made my money to reinvest) Do the math. I profited well over $1500 easy today holding some because I think this stock is going into the pennies. I consistenly trade sub penny stocks and make money so I want to talk penny stocks with people that do the same. Let's share ideas and make money together . Due Diligience is the key
I had 2 great stock plays over the past few weeks. Bought a couple million shares of TPHM a couple months ago. That one rain to .0045 Made a few thousand. Than I played HFBG (again bought a couple million at .0003 (that was is on a run now) Sold half- made a few thousand Now playing on free shares because I think going to run higher. Have to be careful with penny stocks though. Never fall in love with one. Play them to make money than move on. There are so many out there but you have to do your due diligience
It is very risky but can also be very lucrative. I try to find the bottom plays and I usually get in and out pretty quickly. Some key factors, patience, don't ever buy when stock is already running and Never fall in love with a stock There are a few stocks such as TPHM, AVTI, HHGI that I have flipped several times over the past 6 months. You have to do your research though (check the float, outstanding shares etc) DUE DILIGIENCE
as with any kind of trading, you must do your due diligence. and never get emotional. if you keep these two rules in mind, you won't lose that much. until you get greedy (which is an emotion) then again, it's like gambling, no matter how much research you do or how much you know, there are always factors out of your control.
It is like gambling. I never invest more than a couple hundred in one and alway do my dd. I was lucky enough to pick up a million shares of dpfd (deep field technologies) about a month ago at .0005. I am up like $1200.00 on that one right now. Very low float. Scared to sell on this one :-( I play alot of penny stocks and I usually set my sells immediately. I buy at like .0003 and sell at like .0005 and similar to that trading pattern. Might sell off half of this one and hold onto half for a bit