*Pounds. Don't upset Taz.
Did you put that Bitcoin short on @Taz? I fucking hope not.
*Pounds. Don't upset Taz.
Did you put that Bitcoin short on @Taz? I fucking hope not.
Nah, I need bigger rewards. It was £22k when I said I want to speculate it collapsing to £11k but at same time being able to absorb rise of up to £28k. It's sitting at £25k now. Free money.
That's a great vid, Mel.
It hit 30k though. Glad you didn't get on it either way, but there are definitely better returns out there.Originally Posted by Don
Cheers Offy.
Just had a 200% return on IONI in about 40 minutes. That was nuts. Insane luck. Thank god for r/pennystocks.
Numbers to sit up and take note. I've not traded them too much. Talk to me. Is there a strategy for entry/exit points or do you just stick it on a business that's hot on Reddit?
It's pretty much all volume for me. Look at the names being chucked around, most of them are just idiots trying to get a stock they hold moving but others will be stocks that have had a few 5-10% days in a row. They're the ones I look at. Find the ones with volume building and get in.
Just bare in mind that this shit is volatile as hell. Profit taking and panic selling left right and centre.
CHUC and CLWD have been amazing for me this week.
Sounds fucking terrifying
Consistent profits or up and down?
Yeah, agree with Spikey, you can usually see the wave building up. I scan r/pennystocks to pick up on what people are saying and filter out the bullshit. Usually people posting rockets and "to the moon!" are idiots and can be ignored, but you can get some great DD in there or just a good amount of people posting that they have a holding. I try to aim for stocks below $0.2c and it doesn't seem to matter if it's already risen 100% or so. This week I've had three 100%+ trades with ZOM, IONI and TLSS.
Like you said in your video, Mel, as long as you're there to cut if it goes tits up then the risk is minimal, but the rewards can be crazy.
I've made 66% profit overall this week. If I can keep this up, I'll be retired by Christmas.
I've watched the video and am intrigued but not sure I can be on it all the time ensuring I can cut and run. I assume that is key.
The key is to quit your job and not be a pussy.
You need to be at the screen for that strategy yeah, although once you're in you can set a stop loss and walk away. Took me about two hours to position and then left it to run for another two.
What's the score with tax etc? Don't want to be one of those horror stories you hear riding the rollercoasters and then getting hit with a tax bill bigger than their total earnings.
No tax.
How could you possibly end up with tax higher than your earnings?
Capital gains. In one case some yank college kid put $5k into Bitcoin, got up to $880k but then diversified his investment into other coins hence realising his gains. Then the arse fell out of Crypto but the IRS sent him a tax bill for $400k.
There's no capital gains tax over here.
I think ATVK might be the next one to pop.
https://www.reddit.com/r/pennystocks...ers_both_have/
There's some reasoning (which is for idiots) if you need it. I got on yesterday after seeing some murmurs about it, so if it doesn't jump too much on open I'll probably double my position.
I think this one has already popped but it may have another one in the tank. Worth a little go.
PREM is getting some hype and is creeping up. One to watch.
Just caught gold from 38 again (almost identical to the video, but hung around below 50 for a bit longer). Closed @ 55. Wishing I'd stayed in as it's crossed the hourly 100 MA, but I'm a scalping wanker who can't stay in a trade for more than 10 minutes
I might stick a bit on PREM just to get a feel for it.
Actually, no I won't
Don't. False dawn and I think the market its on isn't liquid enough to allow for the pump anyway.
Yeah, had a look. Four hourly looks a bag of shit.
That's one of the problems with some of this stuff. They're all on shit markets so it only really works on the Yank OTC one. I hadn't clocked that this was British. Shame. It was being hyped enough earlier. People think Tesla are going to be using them for their battery materials.
Gold back at 50. Should be pulling the trigger here but something's putting me off.
TLSS crashed today, which was sad. Slight recovery but hopefully it runs again. I got in very early so still in good profit, but should have cashed out earlier. ATVK 35% up today and I think it might rip tomorrow or Monday. IONI ran again today too so made some good profit out of that again. There really is some great money to be made from volatility.
Anyway, I'm up 90% this week. Who wants to join me in the #RetireByEaster pennystock challenge?
It's complete bullshit. The only potential link I could find is that they mine Manganese and Tesla are using more of it in their next generation of batteries. It's a fair jump from there to some kind of partnership.
Thats what this stuff is though, all whispers and roumers ramping the price up, then the day traders get involved and the fucker dives up and down for a week or 2 until everyone moves onto something new and a few retards are sat £5000 down, living under a bridge, screaming HOOOOOOOOLLLD at the pigeons.
Gonna make a second account with another broker (and less dough) and devote it to penny stocks. Would defo rather keep my normal trading account separate from PENNY STOCKS FUCK YEAH though. You gonna throw the next 100% golden bad boy you find in here lads? I'll get on with you and see how it goes. What are the spreads like? Shit?
Gold starting to pass through 50 like water. Leave it alone for a bit now. Back to the indices tomorrow.
I'm sticking with ATVK as the next potential 100%. It's a little bit volatile at the moment, but the murmurs are increasing. I took some profit before and then it dropped again just now so I've topped up again. They're set to win a court case on Tuesday over illegal shares being sold by some dodgy company, so I'm hoping there's a run based off that news. If it does run tomorrow or Monday I'll be getting out once it stagnates.
I also think TLSS could run again tomorrow as they should be releasing news of a merger.
Very shit. Especially on 212, but it does seem to be the unofficial home of the penny stock. I will 100% keep dropping them in here but the risk : reward is obviously completely different to the stuff you normally do and you might end up kissing a few frogs.
Looking at GAXY that looks like it's being pumped again. That's great fun, because they have an odd cult following who keep the price up for longer than some of the others.
Gaxy has taken about 2 weeks to make the moves CHUC did in 3 days. May be a nice test run for tomorrow Mellers if it has another go.
In on TLSS. Could go either way. Fingers crossed for tomorrow's merger.
https://tanktransport.com/2021/01/tl...ougar-express/
Last edited by Spikey M; 14-01-2021 at 08:24 PM.
6c a share if its not too rich for you @Mellberg?
They're not on IG. Not the first time that's happened. Don't think they cater for penny stocks as much as 212, so if that's your bag maybe stay where you are. Have to pass on the big 6c a share purchase
I'll set up a 212 account tomorrow for penny stocks and put a few quid in there.
SRNA has just popped. May have legs. You got that on IG?
I bought a bit of SRNA yesterday at 0.064 so that'll be the fourth 100% of the week. The hit rate has been ridiculous.
What’s the risk here, tens or hundreds?
Still haven’t pulled the trigger on IG but thankfully, my gaffs share price has recovered a bit which is worth WAY more to me than the £5k id have dumped in.
Was reading Biden planning more stimulus in the economy again. Another shunt expected then?
It's as risky as you make it. You can set a stop loss or you can just let it ride. There's merit to both.
Just get involved. Start with a grand, then make 20% profit every week and you'll have 9 milli by 2022.
Pretty much every post on Facebook is about SRNA right now. Cleared for take off again in the morning (afternoon. America's morning. Fuck off you cunts). They will all be placing their orders as we speak.
They'll all be after hours and pre market trading too so I reckon the best is over for us.
There's no way this lot do that. They'll just have their orders set to go through on opening. The hive mind is buzzing. I'll probably cash out within 10 minutes of opening.
Eyes on eMagin today. Technically a penny stock, but at $2.34 it won't got mental. $2.45 pre-market. Break around $2.50.
Probably a long term plat this one. Company looks good.
Did you jump on SRNA, Spike? If it crashes further down to 0.1 I might get in again.
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