January 16, 201511 yr And don't forget about filling out all the tax paperwork and short term capital gains taxes if you are trading in a non-retirement account. Ughh Of course with penny stocks, more than likely capital losses.
January 16, 201511 yr In my opinion, there is no such thing as day "trading", just call it day "gambling". The stock market is for "investing" and that term is generally meant for long term transactions, meaning you ride out the ups and downs of the market. The market can't be timed for profits unless you are quite unusual.
January 16, 201511 yr In my opinion, there is no such thing as day "trading", just call it day "gambling". The stock market is for "investing" and that term is generally meant for long term transactions, meaning you ride out the ups and downs of the market. The market can't be timed for profits unless you are quite unusual. Talk about teeing it up...
January 17, 201511 yr Author Lifetime I am up on penny stocks but not by a ton. To me it's like going to the casino. I am very choosey on what I buy though. I also go long on some penny stocks as well. Although a buddy of mine recently bought into a stock and tried to convince me to as well.. I passed and he made a years salary..
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