Today I looked at HebrewHammer's watchlist and noticed a particular stock $VPCO. A sub penny stock with momentum... I was looking at the watch list about a half hour before the market open, didn't really have a plan for that day other than the earnings winners from briefing, so I put it into etrade pro and watched it. This being a sub penny was scary (a vap company of all things mind you) but the overall chart was reassuring). It moved really slowly and since I had to get ready for school and I didnt want to leave it alone, Bought at $.004 and took the laptop with me in the shower. sold a few minutes later at $.0051. Then the thing started crashing, is what I thought. It lost 50% of its gains for the day, but if you zoom out on the daily chart, it only looks like a little bump. So stocks that look choppy are kinda pretty stable. It's funny you know, I opened this account a while back before freshman year, but didn't really have the work ethic for stock trading, I was a naiive dumbass and blew up a majority of my account lost 1430 out of 2100, and only had 650 at one point. Now sophmore year rolls around and I have this Trig teacher who trades stocks. He always lectures us about stocks. He says never buy anything with a market cap under a billion. I find it funny I buy stocks with market caps under a million. XD. Anyways he is a long term investor and he looks to make 10% each year. I want to prove him wrong and show him that I can make money with penny stocks. I know that this trade doesn't prove anything. I think the mentality to treat each trade as your 1st. Careful and confident. @HebrewHammer thank you again for the watchlist I appreciate the quick $145.02 bucks, will be looking to earn some more. Careful yet Confident.
@Palmer my trig teacher is making 10% a year on investments of hundred of thousands of dollars. He plans to be a multimillion in a few decades. He's not stupid by no means. He's funny, has a wife, a baby daughter, and his life together and teaches us how to survive in the real world and that we need to take our lives seriously and follow our own paths. He is just about slowly accumulating wealth. I see stocks that gain 75% in a day, I want to master those trades. He trades like Warren Buffet. I
I wanna trade like HebrewHammer Osirus1 and Sykes
@thebudd3 ...umm stupid question, whats rule #1?
Right on..a relaxing 10% on 100sK$ adds up. Sounds like a down to earth guy...best kind.
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