I appreciate your honesty EXO, thanks
You are right I should probably not jump on it right away just because it looks good the penny stock I am referring to is CNDD ( Concorder America) and yes I have been researching but there is not much info about it all I know is that it went from $3.20 to $4.91 in 6 days! and I feel like I migth be letting a good opportunity pass by.
But from a logical view it is too good to be true, thanks a lot for your advice I was just going to buy 200 shares this week, I will wait and paper trade for a while I am sure another opportunities will come up later...
Carlito
Quote:
|
Originally Posted by Exosist As a former wall st broker let me give you some good advice....
Dont ever take stock advice from anyone!
There is no such a thing as "inside tips"
Its all hype greedy people like myself used to create to get greedy people like yourself to buy the shit out of a stock so that we can sell the shit out of it on our end.
Dont trust the brokers. Nothing but overpaid phone salesmen.
We know nothing, because we dont care. We make money no matter what.
if you lose or win. thats why we are the brokers.
Use the head that G-d gave you, go online research the shit out of everything and anything. Trade with paper money for a few months.
Penny stocks are a gamble and are not for new traders.
Like I said paper trade for a few months.
Better to lose Monopoly Money then your hard earned.
So again, learn before your churn.
You are right this is a very interesting biz. I still trade my own funds almost every day.
But I was smart about trading, when I left Wall st. I spent 6 months paper trading. thats what I suggest you do.
Hope this helps bro |