Correct! In fact, TDA makes it pretty easy to know when this happens because it gives you a cumulative percent increase. Once that hits 100%, sell half the shares and go buy something else...Guitarsoup said:Pennies usually don't have options.Texaggie7nine said:
question:
Are you guys getting to net free on stocks via options only or also straight up buying the stock and selling at profit to cover initial purchase?
I ask as someone who isn't doing any options and only buying and selling stock.
Buy 200 shares at .01 for $2 and sell 100 shares at .02 for $2 and now you have 100 free shares.
Penny Stock Thread
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Last: 2 yr ago by LatinAggie1997
Yeah, I don't have much stomach for throwing $50 at a penny stock and getting a $7 fee on top. I might create a Fidelity account just for Pennys.Aston04 said:Yes no fees for fidelity trades. My tight a** much prefers that.sts7049 said:
TDA charges that fee for OTC trades. i believe fidelity does not
All joking aside- it actually is much better because I don't feel pressured to go "all in" on building positions. Nibble at it with more buys without incurring fees every time. And at same time feel more free to sell chunks if momentum is gone/over bought...
Fidelity won't let you buy some pennies though - like EGOC.
Still make the account and have a second platform.
Still make the account and have a second platform.
this makes me sad b/c Fidelity is my main account - I do have a webull too but nothing that can trade thoseDubFalls said:
Fidelity won't let you buy some pennies though - like EGOC.
Still make the account and have a second platform.
A lot of times it's for your protection. EGOC is a little different because of the custodial change and the hopes of a reverse merger.
I opened a TD Ameritrade account just to fund it with money for pennies I can't buy with Fidelity. Money will be available tomorrow or probably Friday.
So, expect a moonshot for EOGC tomorrow.
So, expect a moonshot for EOGC tomorrow.
Well guys here are some neat up and comers to take a look at.
https://www.barchart.com/stocks/quotes/USMJ/opinion
$USMJ based here in Texas. They are making deals with lots of different cbd companies and will be the main distribution hub for all. Logistics meets weed.
Another is $PRPM. New CEO looking at making some fun Bitcoin deals. Might be fun to throw a couple hundred at. Lots of momentum and looking to arrive in penny land soon.
https://www.barchart.com/stocks/quotes/CATV/opinion
Finally, $CATV is another fun weed play. I just think that with dems in charge, they will be making a big play with weed legalization. Fun to get on the ground floor! They are a reverse merger with CIGN a huuuuge pot farm and their CEO is a master at acquisitions. They will be buying up smaller weed companies like an amoeba and growing that way. Invest in all three and be patient but these all could be big time.
https://www.barchart.com/stocks/quotes/USMJ/opinion
$USMJ based here in Texas. They are making deals with lots of different cbd companies and will be the main distribution hub for all. Logistics meets weed.
Another is $PRPM. New CEO looking at making some fun Bitcoin deals. Might be fun to throw a couple hundred at. Lots of momentum and looking to arrive in penny land soon.
https://www.barchart.com/stocks/quotes/CATV/opinion
Finally, $CATV is another fun weed play. I just think that with dems in charge, they will be making a big play with weed legalization. Fun to get on the ground floor! They are a reverse merger with CIGN a huuuuge pot farm and their CEO is a master at acquisitions. They will be buying up smaller weed companies like an amoeba and growing that way. Invest in all three and be patient but these all could be big time.
Aston04 said:
Penny stocks on fire. My guess is this is a historic, unprecedented move up. Small time investor money pouring into it. Helps with many fleeing robinhood (no otc trades) and leaving the gme trade in general... Gotta invest it somewhere...
Yeah, what's going on? I have had terrible luck with stocks all my life so I hadn't done much with them other than mutual funds. Then 3 weeks ago I started hearing some people who at least sounded knowledgeable to me and I said what the heck, I'll try it out.
I put in about 3% of my IRAs in TNSP @.31, AITX @.069, and then a few days later with BMIX @.0175, ABML @4.40 (too high), DPLS @.0145 and HCMC @.0018
3 weeks later these penny stocks that I've always heard have a bad rap are now 8% of my IRAs, and my total IRAs have gone up about 5% in the last 3 weeks.
I take it this is not normal and should be weary of it all collapsing any second? Some of these penny stocks seem to have some long term potential, like TNSP, ABML and DPLS.
No, I don't care what CNN or Miss NOW said this time
Ad Lunam
Ad Lunam
It's not normal at all. Penny stocks are very risky. It's possible they could all go to zero.
A combo of new investors, quick information and lots of communication. It's a new world of investing. Perfect storm. New emerging markets as well!
Tibbers said:
A combo of new investors, quick information and lots of communication. It's a new world of investing. Perfect storm. New emerging markets as well!
Oh I'm in plenty and do think this a new world of investing. Just want the risk to be known. I wish I would've been following it closer the last few months. No doubt I missed out on 6+ figures. Oh well.
At the same time? Yeah, it's possible...agdaddy04 said:
It's not normal at all. Penny stocks are very risky. It's possible they could all go to zero.
No, I don't care what CNN or Miss NOW said this time
Ad Lunam
Ad Lunam
TexAgs91 said:Aston04 said:
Penny stocks on fire. My guess is this is a historic, unprecedented move up. Small time investor money pouring into it. Helps with many fleeing robinhood (no otc trades) and leaving the gme trade in general... Gotta invest it somewhere...
Yeah, what's going on? I have had terrible luck with stocks all my life so I hadn't done much with them other than mutual funds. Then 3 weeks ago I started hearing some people who at least sounded knowledgeable to me and I said what the heck, I'll try it out.
I put in about 3% of my IRAs in TNSP @.31, AITX @.069, and then a few days later with BMIX @.0175, ABML @4.40 (too high), DPLS @.0145 and HCMC @.0018
3 weeks later these penny stocks that I've always heard have a bad rap are now 8% of my IRAs, and my total IRAs have gone up about 5% in the last 3 weeks.
I take it this is not normal and should be weary of it all collapsing any second? Some of these penny stocks seem to have some long term potential, like TNSP, ABML and DPLS.
Reddit GME is the primary culprit here. It was a watershed moment that brought to light how truly easy it is to invest in this country. All you need is an internet connection and cash. Small, no name companies everywhere are rejoicing with their new found financial infusion.
Assume all penny stocks will fail and only use money you are totally ok setting on fire. 8% of your IRA in pennies is very high.
Yeah, I was ok with 3% but am starting rethink when it became 8%YouBet said:
Assume all penny stocks will fail and only use money you are totally ok setting on fire. 8% of your IRA in pennies is very high.
No, I don't care what CNN or Miss NOW said this time
Ad Lunam
Ad Lunam
CATV? As in 4Cable TV?
It's a reverse merger. Here is the DD: https://investorshub.advfn.com/4Cable-TV-International-Inc-CATV-26597/
Dang I'm out of capital in my account. Need to do some transfers tomorrow.
Check out $WARM. It was recommended on the stock trading thread yesterday, and it's a legitimate company with a new innovation on EV battery charging, and they announced yesterday acquisition of more funding without dilution. Seems like a real runner once it gets discovered.
Spaceship said:
Check out $WARM. It was recommended on the stock trading thread yesterday, and it's a legitimate company with a new innovation on EV battery charging, and they announced yesterday acquisition of more funding without dilution. Seems like a real runner once it gets discovered.
Time to toss a few bucks their way?
.0099 SRMX. what's the exit on this?
BRLL
Wow!
Passed .76
Wow!
Passed .76
Over a penny now.
40 ozs and Natty Light here we come!
40 ozs and Natty Light here we come!
What do you call it when your net free doubles again and you sell another half of your shares?Portland Ag 95 said:
.0099 SRMX. what's the exit on this?
Double-net secret probation free?
Good deal. I'm not quite there - I got in at .0039.
Still good to go net free my first week doing pennys and learning.
Still good to go net free my first week doing pennys and learning.
just dropped a buck on WARM
I'm with you on price and learning. I guess I'm suppose to sell half now and go net free.
I got in CTRM and TLSS late November. Freight companies, sea and land respectively, that got beat up by covid. CTRM is flying. TLSS is still worth a look though.
Ok, noob question - "Opening transactions for this security are not accepted"
What would be the reasons for this? Missed a run up on QEDN because of this.
What would be the reasons for this? Missed a run up on QEDN because of this.
penberthysgarageapartment
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Posts:
2,700
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AG
Where do we exit, seriously?!Malachi Constant said:What do you call it when your net free doubles again and you sell another half of your shares?Portland Ag 95 said:
.0099 SRMX. what's the exit on this?
Double-net secret probation free?
Net free on AZFL, only took 2 days
Congrats - tried to pick some up at opening this morning but bid wasn't high enough. Missed the spike.
RVVTF starting to move on news. Still pending the big bomb of news on their stage 3 mild-moderate trial.
I like TLSS in the .05s range for entry... Read talk of increased dilution coming... So I cashed out profits... .02->.06+... Possibility I could miss next leg up though.. Hopefully not.stick93 said:
I got in CTRM and TLSS late November. Freight companies, sea and land respectively, that got beat up by covid. CTRM is flying. TLSS is still worth a look though.
I wish I knew!PalefaceRanchAg said:Where do we exit, seriously?!Malachi Constant said:What do you call it when your net free doubles again and you sell another half of your shares?Portland Ag 95 said:
.0099 SRMX. what's the exit on this?
Double-net secret probation free?
I net-freed when it hit .01, but now it looks like it's gonna hit .02
I have half a mind to just ride this one long.
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