Miraculously, I'm new to trading stock and I've made 2700$ in the span of 3 months just buying and selling penny stocks. I'm still a n00b.
I was wondering if it was unusual for people to drop 10-20K into a penny stock and just sell when it goes up 2 cents?
And also, is there anyway to bypass the t+3 rule every time you sell?
I'm sure everyone here will agree about penny stocks.
Yes, it's unusual. Stop what you're doing, it's not normal. What's normal here is you buy an index fund and wait 20 years. n00b, it's only a matter of time when you'll lose your $2700 in one day. Ever heard of good money management, risk management, and position sizing?
You can't bypass t+3.
> (OP)
>Yes, it's unusual. Stop what you're doing, it's not normal. What's normal here is you buy an index fund and wait 20 years. n00b, it's only a matter of time when you'll lose your $2700 in one day. Ever heard of good money management, risk management, and position sizing?
Indexes are for hobos who want to make low money
>Diversify up to 10
>Stay on top of the stocks every morning
You are a pussy cuck that will never be rich.
Penny stocks are typically very thinly traded and you'll find that as you buy or sell larger and larger quantities that you become the market.
I dont understand what is wrong with index funds. I read is computers buying and selling stocks and bonds according to your level of risk, basically the same every trader is doing but with thousand of calculations behind. red pill me in index funds please.
>matter of time when you'll lose your $2700 in one day
It's bound to happen but I hope it never does. When it does happen, I'll have to hold the bag and average out.
>Diversify
I've always concentrated on 1 stock at a time so I can always be on top of it without any distractions whatsoever but having 3 in my portfolio, would that work?
It's dumb as hell, I know but I always put 80% of my savings down when trading.
>I've always concentrated on 1 stock at a time so I can always be on top of it without any distractions whatsoever but having 3 in my portfolio, would that work?
>It's dumb as hell, I know but I always put 80% of my savings down when trading.
hahahaha you are not trading you are gambling.