Pandabear
1
Pandabear Aug 27, 16 5:01 AM

Omg whoever said to use margin please don't listen to them. That's how I blew up my account bits ok to trade high priced stocks when you have a lot of capital but to grow your account exponentially penny stocks are the best way to do it and their chart patterns are just as predictable and reliable than 'real' companies

timothysykes
1
timothysykes Aug 27, 16 6:32 AM

FYI a margin account is required to be able to short sell but it is different from leverage, do not use leverage

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amonsanto

Small loss on $MGT chased it in the pre market hours and sold before the bell because it had a tiny dip. I don't trust this stock so I expect it to go either way. It rallied after the bell and throughout the day. I guess I wasn't patient enough. Held it for a whopping 10 minutes. Hopefully tomorrow another small rally on some bs news.

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amonsanto

Ha! I knew Britain would exit. But is it official? Let's see what their gov decides. Probably will let the people of the UK keep their vote. I felt this was going to happen. Strangely enough I rented and watched The Big Short last night. Funny how gut instincts work. Today I traded GM again. I haven't traded for over 5 months, so I'm starting off slow, and with stocks that are steady.

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amonsanto

@woodtick27 Thanks for the heads up. Bought $RIG at 11.52 and out at 11.60. Didn't want to wait too much. Not familiar with this stock. Still made some $$$

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woodtick27
1
woodtick27 Jun 23, 16 10:04 AM

Good to hear! im waiting for 11.90ish

woodtick27
woodtick27 Jun 23, 16 10:08 AM

I tend not to follow the crowd to much but keep an eye on there trading co. as well

amonsanto
1
amonsanto Jun 23, 16 10:17 AM

Same here. The chart looked great for dip buy. I've done similar trades before. Thanks!

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amonsanto

Markets are rallying a bit before the Brexit vote. I'm laying low on Wednesday. Trading tomorrow maybe. Vote can still go either way and influence some panic selling.

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amonsanto

[TimAlerts] Looks lime $MNI will be sliding down soon. Earnings will be reported on 10/27 estimated -0.020. Hmm might be a potential for a short.

amonsanto

Just joined! Been making money on Option Premiums when time allows. I'm very curious about Penny Stocks since position size is very similar to what I've been doing. Looking forward to this new challenge. It will be the first time I would actually follow someone's trade or opinion on a trade :)

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