Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Penny stocks

  • 15-02-2011 3:51pm
    #1
    Theanswers
    Registered Users, Registered Users 2 Posts: 701 ✭✭✭


    Are the worth buying and selling on a daily basis.

    How would one go about this?

    Peter


Comments

  • #2
    Timmaay
    Registered Users, Registered Users 2 Posts: 11,396 ✭✭✭✭Timmaay


    Very hard unless you are an experienced day trader. Penny stocks are very risky and whereas you might get a few good wins, sooner or later you will get wiped out by a company that goes under. Also, if the stocks are illiquid, even if the value of the stock increases, you might not be able to sell them at that price.


  • #3
    Theanswers
    Registered Users, Registered Users 2 Posts: 701 ✭✭✭Theanswers


    So,
    What would you recommend for someone wanting to make abit of money on the side. I rather like the idea of online trading. It will only be small money at first till I get the knack of it.

    Who do recommend.

    Peter


  • #4
    neris
    Registered Users, Registered Users 2 Posts: 20,103 ✭✭✭✭neris


    if you only have a small amount of money your better off invetsing ir for longer term. after fees and taxes you,ll probably end up with a loss. What looks like profit on screen is a lot less in you rbank account. If you are trading penny stocks you need stock that is bought and sold regularly. Try the OTC markets. Take a look at the companies they have have and much stock is traded daily.


Advertisement