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Pennystocks

  • 27-08-2018 2:15pm
    #1
    [Deleted User]
    Posts: 0 ✭


    Just wonderIng if anyone actively trades pennystocks? Or what platform they use, de giro?

    Would be interested to have a discussion group with a few others interested in the space to bounce a few ideas off each other


Comments

  • #2
    Skelet0n
    Registered Users, Registered Users 2 Posts: 372 ✭✭Skelet0n


    I do, penny biotech stocks mostly.


  • #3
    paulers06
    Registered Users, Registered Users 2 Posts: 548 ✭✭✭paulers06


    Would also be interest to know what platforms people are using. It doesn't look as though degiro is much good.


  • #4
    greenfield21
    Registered Users, Registered Users 2 Posts: 1,036 ✭✭✭greenfield21


    With these stocks do you not get screwed trying to sell in a falling market? Because there is so many pump and dumps is that not a high probability. I don't think the return is worth it for all the effort especially if your trading.


  • #5
    Skelet0n
    Registered Users, Registered Users 2 Posts: 372 ✭✭Skelet0n


    greenfield21 wrote: »
    With these stocks do you not get screwed trying to sell in a falling market? Because there is so many pump and dumps is that not a high probability. I don't think the return is worth it for all the effort especially if your trading.

    I do alright. Just have to be disciplined, learned that the hard way. It’s not the kinda thing to get into if you have a weak stomach.


  • #6
    no money mo pro
    Registered Users, Registered Users 2 Posts: 25 ✭no money mo pro


    I'm also interested in trading penny stocks. Can anyone recommend a broker?

    Kind regards


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  • #7
    Skelet0n
    Registered Users, Registered Users 2 Posts: 372 ✭✭Skelet0n


    no money mo pro wrote: »
    I'm also interested in trading penny stocks. Can anyone recommend a broker?

    Kind regards

    Degiro


  • #8
    JourneyMan8
    Registered Users, Registered Users 2 Posts: 162 ✭✭JourneyMan8


    plenty of doom about penny stocks... but for an inexperienced person, would going long term on a few penny stocks not just be a safe way to start trading? i don't know **** so correct me if i am wrong


  • #9
    Skelet0n
    Registered Users, Registered Users 2 Posts: 372 ✭✭Skelet0n


    JourneyMan8 wrote: »
    plenty of doom about penny stocks... but for an inexperienced person, would going long term on a few penny stocks not just be a safe way to start trading? i don't know **** so correct me if i am wrong

    Long term on penny’s they can become worthless, the same can’t really be said about blue chip stocks which is where a beginner should probably start unless you’ve got money to lose.


  • #10
    no money mo pro
    Registered Users, Registered Users 2 Posts: 25 ✭no money mo pro


    I've been doing a bit of research on a guy called Tim Sykes. He specialises in short term trading, anything from a couple of hours to a couple of days.

    Looks like it could be a bit of fun.


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