buying and selling stocks?
dima_mi asked:
Is it possible to buy stocks one day, and automatically sell it the next day?
Is it possible to buy stocks one day, and automatically sell it the next day?
Have you heard anything about penny stocks? are they risky? How can they be purchased?
You can buy a stock and sell it a second later if you want to! I used to daytrade a few years ago. I switched to options rather than stocks cuz I make more money that way with less risk. Penny stocks are risky. That’s what I used to trade before I learned about options.
Yes.
Penny stocks are purchased like regular stocks.
1. yes, it’s possible by using stop order or limit order.
2. yes, because they are volatile stocks.
3. through stock brokers.
First, take 6 months in learning about stocks and trying it out with fake money in a stimulation web site like Yahoo! Finance.
The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.
Besides you can’t do much with $100 in the market. Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.
Good luck.
Hi Dima_mi,
1.Yes stocks can be purchased on one day and sold on the next . that is called day trading . for more visit:
2.about penny stocks , you should know the following points before investing in penny stocks
It is a well known adage that there is no free lunch: translated financially, that for every extra percentage point of return an investor gets, he has taken on comparable extra risk. This is truer than ever especially when it comes to small cap stocks in general and micro cap or penny stocks in specific. Yet, just like risk management is used even in the investment management of large cap stocks, the same technique (with requisite adaptations) can be applied to the micro cap or penny stock universe. Actually, in the smaller cap stocks, risk management is arguably far more important as the bad picks can really underperform and never come back.
While the number of small to micro cap stocks to be held in a portfolio is not written in stone, one can say with certainty that any newsletter advising too many stocks at a given time does not understand how to truly benefit from the tremendous growth opportunities available in penny stocks
I have been following penny stocks for quite sometime now and I have been using :
gives a daily analysis of the penny stocks to watch with amazing results.