@PaperChas You have 'Thumbs-Down' by all other members, Lol. You're not impressing anyone.
@PaperChas Go transparent. Your trades are BS, 100% winners? BS. No losers? BS. Get out of here PaperChas.
Such high volume, don't get burned
Stop pumping these shitty stocks. Funny how you don't mind burning your fellow traders by getting them interested in these horrible stocks. And by the way, go transparent, or go home!
For those of us who do dabble in sub-penny stocks can tell you that they RARELY if ever pop to $0.50/$1 in a single day of trading. Not to defend the fact that I ever short them because I do not lol. That being said, if a sub-penny stock jumps from less than a penny to $0.50-1, it would surely result in the trading of the stock being suspended because of some sort of market manipulation and more than likely a return of your investment. Your possible prediction of a "famous sponsor" to increase a
stock by +5,000-10,000% is just naive. I think your overall point though in that sub-penny stocks are very volatile and it should be taken with caution when trading them is very supportive and is why I ALWAYS use a stop limit on quote when trading them.
@TheBULLet Naive? A ProfitLy member in chat last June was bragging about sub-penny stocks. He had manage to short $800 worth (where he found the shares to short is beyond me.) The shitty company has a patented piece of tech that just happen to be of interest to a Java Programming Company. Just the rumor of the company's interest in it cause the stock to jump to 47¢ in 5 minutes. He lost the $3000 he had in his account, and owes $187,000 to his broker. Shorting a sub-penny stock is insane, period
I don't disagree with you at all, in fact I agree 100%! I've shorted a sub-penny stock twice when my account was significantly smaller & I was mildly successful each time. But when I did I executed them, I called my broker and they allowed me to do a buy-stop order to insure my position would be covered if the stock jumped +5%. I'm not in to shorting any stock under $0.50 anymore but I do believe if the orders are executed with precision and accuracy then it can be done successfully.
recovery and bought in @ 98¢. It struggled at the psycological even $1.00, but broke through. I held while it made higher highs at kept an eye on $1.18, which would be a red to green move for the day. Once it passed $1.18, I just watched the price action. It gave no reason to sell until it lost momentum around $1.33, which is where I exited, profiting around $520 on 1500 shares. Instead of asking "why these rebound" or "why they continue to go up", just play the price action as it happens and wa
watch Level 2. You did the smart thing by exiting the position while maintaining a profit. Never regret a winning trade, and there are always thousands of more opportunities in the days to come. I spent $11,000 in real money in over 470 trades in an accumative 7 months of trading to gain knowledge and experience,
and am just now starting to see my experience pay off, which I will upload at the end of March. I learned the hard way with regard to revival stocks, low RSI, and holding these types of stocks overnight. So on these 'crushed' stocks, safer to play them intra-day. Hope this helps.
VNR is toxic. Be happy you that you exited. Here is a link to the CODI rules http://www.oilandgasinvestor.com/blog/bankruptcy-and-cancellation-debt-840501
$LIVE Profit $7040.25 (dance)
News says $LIVE resumed, but I'm not seeing any ticks. Anyone else?