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Originally posted by FCoDxDart View PostIt doesn't let you use unsettled funds or uncleared deposits. It has to be "your" money. They will let you "borrow" their money to trade non OTC and pink sheet stocks. It may say you have $1000 buying power but that may include $500 of uncleared deposits, $350 unsettles trades and that only leaves you with $150 of actual buying power, so if you're trying to buy $200 it wont let you.
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Originally posted by jshouse View Post
you guys make this look easy
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Originally posted by hooligan View Postif it makes you feel better everything I made of SNDL yesterday basically covered my losses from last week of not selling a couple penny stocks in time. I kept holding for them to go up "a little bit more" then they turned into a dumpster fire and I lost on 3 of em
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Originally posted by Bassdeer View PostYea I just stated doing this about a year ago and the hardest thing to learn is Don't Get Greedy, One penny stock I had jumped up $400 just after I brought it , I'm like cool, started checking other stocks and when I got back about 3 or 4 minutes later it was down $800.
I wish I had the nads to play bigger but I dont. I also dont want to turn this into an all day job of watching these things. Fun to play with on certain days though.
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Originally posted by JFFB View PostMight be better off going to a betting place right now betting on red or black or even or odd 50 / 50 shot of wining or going home going home reading or weep and staying up 24 hrs. sweating if I did the right thing ?????
Who’s doing that? I think most have said this is play money/gambling money. I like my odds a lot better here than at the roulette table.
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Originally posted by TexZ71 View PostThese cheaper stocks can have big ups and downs in a day. If trying to use a trailing stop loss what is a good percentage to start with? Like ZOM for example....
I typically set up one if possible for 10% if I can’t watch it. Ive noticed that E*TRADE won’t always let me do that on some of these penny stocks.
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Originally posted by rtp View PostI typically set up one if possible for 10% if I can’t watch it. Ive noticed that E*TRADE won’t always let me do that on some of these penny stocks.
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Originally posted by rtp View PostWho’s doing that? I think most have said this is play money/gambling money. I like my odds a lot better here than at the roulette table.
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I used to trade pennies but stopped several years ago when work travel made it difficult to stay on top of them throughout the day. When covid stopped my travel I dropped all of $450 into my empty old Etrade acct. My balance pushed $30K today before settling around $28K and I haven't made a second deposit. I'll take it for play money.
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