What an exhausting first day on the penny floor. My first purchases did nothing or sucked overall. Some guy screamed dip alert about BRLL in Discord, and I hesitated and ended up getting a call as it went down to .60. It’s now .75. Opportunity whiffed. Someone said INCT was heading to the .0040’s, so I bought at .0035. It’s at .0045 now, which saved my day. I’m only down my trading fees + a few bucks and thinking a couple of things: 1. My startup was never a gangbuster and we secured VC funding pretty easily. How shitty are these companies I’ve read nothing about when they have to resort to this shit for fundraising? Serious question if anyone knows the answer. Is there ever a good reason to go that route as a legitimate player? 2. My strategy of learning absolutely nothing seems seems like it can only result in me losing my fun money unless I get lucky as hell piggybacking hype plays. Unfortunate but exhilarating nonetheless 3. Not sure whether it’s worth the effort to learn more or just keep straight up playing the lotto
From what I read it’s a great way to make money by committing fraud. 1.) start an llc 2.) make a website ** 3.) make fake press releases 4.) try to get some Twitter hype 5.)?? 6.) profit some of these real penny stock companies don’t even have websites so this helps you stand out!
I’m selling everything the day before earnings moving forward I’ve gotten absolutely crushed and it hasn’t actually mattered what their performance was. fucking ridiculous
watching the GME guy explain his process was intriguing from a game theory standpoint and was like a duh moment to the depth of this stuff generally. Subsequently going to the WSB subreddit and seeing a comment about being dumb and hating money hit me so hard it's indescribable and now two weeks later I'm browsing a website with a layout that would make 2006 rivals blush while giving Q vibes due to the baked in ability of everyone else but me to connect these apparent dots it's fucked up how much mental energy people are wasting on this and spending 8 hrs/day on this would sill make us novices at the end of the year with some capital brain poisoning to boot. But I'm looking forward to it. the only thing I've learned is to make a watch list. What I should be watching is a mystery. Just having a basic thought process would be nice. But it would seem tracking obscure press releases, proprietary moves, FDA approvals, reading charts etc is a relatively easy way to make side money, otc or otherwise, if you're not reckless and know what you're doing Spoiler: GME guy video
Yep. I stocked up on stocks with earning dates that I was expecting positive results. Got the positive results but the stocks tanked. Maybe I’m dumb
I’m still up pretty big in most of them it’s just annoying to watch a ton profit get wiped out for seemingly no reason.
Maybe the institutions realize that retail investors will invest based on earnings so they take advantage of this? So doing what you said seems like a good play or just going longer until you hopefully hit the number you want?
My strategy is to figure out who knows what they’re doing and then start copying them once I get a feel for how their trades have worked out over time. Until then I’m making small purchases to learn the system. If I make some money during this time too that’d be great.
If you guys use Thinkorswim there’s tons of great YouTube videos on how to use the charting features and other analysis. If you don’t do a lot of due diligence as is, I would suggest maybe you open up a TDA account and try it out. A lot of the important functions and charts are somewhat prebuilt. I’m fairly new to it all myself but it’s definitely helped me spot some bad plays.
Also if anyone doesn’t know, traditionally lots of people dump stock for bonds/cash before long weekends, so it’s very possible that’s why your pennies suffered today.
I'm on TDA for my normal account, and I set up Schwab for the OTC plays. $6.95 commission just seems too rough on TDA when i'm playing with small amounts. These two brokers merging too anyway right? wonder wtf is gonna happen lol
I have bought penny stocks in very low quantities to just zero out my balance so I hope I’m not paying fees when I move it
I follow between 8-12 stock guys on youtube, here would be my top 4. I watch the below channels every day. Stock Moe: Started his channel last August and already is up to 350K subs. Kinda reminds me of a trustworthy uncle. Has two Masters in finance used to teach high school and college classes in finance, now just does youtube full time. Puts out 2 videos a day. Very much a fundamental guy, long 2-5 year plays. Just rock-solid all the way around. He was the first one that got me on to NIO back at 40 dollars. He also started a Penny portfolio about 2 weeks ago, and is already killing it. A good chunk of the penny stocks he owns have been discussed here. Chris Sain: Puts out a video a day, sometimes two. This guy is legit and the more I watch his stuff, the more I like what he has to say. He got me on to PLUG, FCEL, ZOM and a few others. Former MSU football player, but this guy is really on his stock game. Also, best intro on youtube for stock guys. Traveling Trader: This guy is fantastic when it comes to technical analysis. I really like watching this guy and his break down of charts and making it make sense. Also, his Penny stock video from like 6 days ago, lists 10 penny stocks and all of them are up double if not more since the video released. Game of Trades: This guy is a much different channel than the above 3. He is a great counterbalance to all the hype stock guys. He is very bearish and a great technical analyzer. Gives some graphs and perspective I never thought of before. I like watching his videos to balance my perspective and not get deep down a rabbit hole.
there probably going to be a fair amount of red on the ticker today, but it don't think it'll be panic worthy
really wish i had put more into LTNC. only came out up $500, but that's still nice for essentially gambling
I keep debating whether to buy some but the 6.40’ish price point doesn’t seem like a good jump in spot.
yeah i got in at like 3.80 or something. it seems to have peaked at the mid 6s i know nothing about the company, but i'll prob dump it once the market turns around today (assuming it does)
don't look at my acct for half an hour and then check it to see my position $1k higher than it was when i last checked it start getting super excited and check my positions and i see they're all red - then i realize the $1k i transferred earlier must've posted and now i'm sad again
Need SIGO to continue to run. I bought this shit back in 2018 when it was $1.80. Kept buying more to DCA down to $0.13/share and am close to getting out with a slight profit. I refuse to sell OTCs at a loss.
I lost $70 of my $200 SNDL profits yesterday because I’m dumb. Rode it down. Then Portnoy pumped above $3 with his tweet and I didn’t sell. At one point, I had another $120+ in profits. I’m ashamed.
feel the same way about selling OTC fuck around plays at a loss, but had to bail on the last one I was in because I felt like a sucker every time I saw the symbol will be keeping an eye on it if turns out to not actually be the scam I'm pretty convinced it is .. VITX for reference
Personally I am holding SNDL. I think it'll be fine on Tuesday. We'll see. There's obviously a good chance to lock in some profits now though, so i don't blame people for that.
There's a couple companies I've worked with recently that I can see blowing up. Do they have any OTC or stocks? Stealth Power: https://www.idlereduction.com/ - They use batteries to power vehicles auxillary equipment. A/C on work trucks that idle a lot (Sewer trucks, valve trucks, ambulances, etc.) and have a new technology coming out in 3 months where the battery can power the PTO (power take-off) on vehicles (bucket trucks, valve turners, etc.) They were Envision Solar and are called Beam Global now. https://www.envisionsolar.com/ We bought products from them as they were just starting and I was going to buy stock when they were EVSI , but then something happened with their stock and I got busy and forgot. They are traded as BEEM now. Beam Global makes portable charging stations that go in parking stalls. These can be used in emergency situations and also for daily use. The charging stations have 4 chargers and can make EV's go completely off the grid which is cool. Units cost $70,000-100,000 each though. I know NYC bought a bunch.
I saw that and was sick. I knew they had some pending sales in the pipeline, so I was trying to buy a little over a year ago. Anyway, I think it would be cool if people posted any cool companies they work with or vendors they've spoken to and see if there's any other opportunities out there. Liquid Spring is another really cool one that blew up and had huge growing pains the last couple years, but have their shit together now. https://liquidspring.com/ems-ambulance-suspensions/ They make it so riding/driving in an ambulance is a lot smoother. The difference is crazy and I met with a couple fire upfitters recently that said it's going to be in every fire rescue vehicle from now on because it's so great.
i'm a big fan of ARKK and ARKW for the long term lady who runs that management company is pretty impressive and they're killing it over the last year
seeing DRNK and ECEZ being pushed by people who brought me profits but I think my yolo blindly following phase is quickly ending