Stanky's Penny Thread

Stanky Danky · Post by **Stanky Danky** » Fri 12th Nov 2010 03:24 pm

Made over $2,500 this week, very happy.

spidergawd · Post by **spidergawd** » Fri 12th Nov 2010 03:41 pm

Stanky Danky wrote:Made over $2,500 this week, very happy.

Well get over to Amsterdam then so we can help you spend it

.

Stanky Danky · Post by **Stanky Danky** » Fri 12th Nov 2010 03:55 pm

spidergawd wrote:
Stanky Danky wrote:Made over $2,500 this week, very happy.
Well get over to Amsterdam then so we can help you spend it .

Sorry that money's reserved for the strippers at Club Bristol. God, I love bottomless lap dances.

http://www.clubbristolwi.com/

Iko · Post by **Iko** » Fri 12th Nov 2010 04:22 pm

Stanky, i love this thread.
Thanks for keeping it going.
Any advice or tips for me, i've never played the stocks and have some extra money and i'd love to try.

spidergawd · Post by **spidergawd** » Fri 12th Nov 2010 05:29 pm

Stanky Danky wrote:
spidergawd wrote:
Stanky Danky wrote:Made over $2,500 this week, very happy.
Well get over to Amsterdam then so we can help you spend it .
Sorry that money's reserved for the strippers at Club Bristol. God, I love bottomless lap dances.

http://www.clubbristolwi.com/

I don't have an answer to that one

Stanky Danky · Post by **Stanky Danky** » Fri 12th Nov 2010 05:50 pm

Iko wrote:Stanky, i love this thread.
Thanks for keeping it going.
Any advice or tips for me, i've never played the stocks and have some extra money and i'd love to try.

My best advice would be to do your homework and study as much as you can about chart technical analysis, and level two. After you think you've got a good base there I would open up a paper money account and practice for a couple of months before risking any real money. Think or Swim is an online broker that offers free real-time charts and paper money trading. I use them for my charts, but I use Zecco for actual trading because they have low commissions.

https://www.thinkorswim.com/tos/suiteFr ... 12174846:s
https://www.zecco.com/?campaign=SEM-Goo ... d&promo=hp

Stanky Danky · Post by **Stanky Danky** » Fri 12th Nov 2010 08:15 pm

Oh yeah, and USE TWITTER. There are tons of people doing penny stock alerts so it eliminates having to hunt for new stocks all the time. They've already found winnners so you don't have to.

Got an early morning alert yesterday for SPPH on buyout news. Was in at .32 and out .50, +$1,300 in about 15 minutes. All I had to do was point and click.

templeball · Post by **templeball** » Sat 13th Nov 2010 03:18 pm

spidergawd wrote:
Stanky Danky wrote:
spidergawd wrote: Well get over to Amsterdam then so we can help you spend it .
Sorry that money's reserved for the strippers at Club Bristol. God, I love bottomless lap dances.

http://www.clubbristolwi.com/
I don't have an answer to that one

I do, get a real girlfriend

Seriously Stanky, if you added up all your losses and gains over a year and was honest with yourself, where do you reckon you are, up or down?

Stanky Danky · Post by **Stanky Danky** » Sun 14th Nov 2010 01:41 am

templeball wrote:
spidergawd wrote:
Stanky Danky wrote: Sorry that money's reserved for the strippers at Club Bristol. God, I love bottomless lap dances.

http://www.clubbristolwi.com/
I don't have an answer to that one
I do, get a real girlfriend
Seriously Stanky, if you added up all your losses and gains over a year and was honest with yourself, where do you reckon you are, up or down?

Girlfriends are seriously overrated, and I'm not into dating. I prefer to stick and run.

About my gains and losses over the last year, I'm up about $4,000, but I'm just starting to trade good. I've learned so much over the last few months plus I have a much better strategy. I look back at my trading when I started in 2006 and just laugh at how pathetic I was. I had absolutely no idea what I was doing and was just chasing penny stocks that just had huge runs only to have them crash on me. I took a couple years off to lick my wounds after losing $11,000. I decided to start trading again in 2008 with $8,000 I had sitting in my bank account. I was pretty scared of pennies at that point after losing so much, and I mainly swing traded big board stocks. I was doing pretty good and was up about $5,000 in less than six months until I made a huge mistake and held through the big market meltdown of 2008. My account went from over $13,000 to about $2,000 in less than 3 months. I held for another two years waiting for my stocks to rebound and finally sold them for just over $3,000 earlier this year. After this experience I realized that big board stocks can be just as dangerous as penny stocks. I looked back at all the trading mistakes I had made and decided I was going to give penny trading another shot, but this time I was going to do my homework and do it right. I studied the chart patterns of hundreds of penny stocks over the next couple of months and started to see that big breakouts could be predicted by using moving averages and the relative strength index. Over the last few months I've been getting better and better at locating and trading these explosive movements. I consider 2010 a huge learning year for me and am looking for this next year to be filled with alot more green.