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Penny Stocks Gambling 2021


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23 hours ago, JoeSteeler said:

TSNP up 33% today - couldn't find any news with a quick search

 

Another 40% today so far  ♥️

only have 1,200 shares and debating selling 200 and free-rolling 1,000

I am just not confident knowing when to sell

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Yesterday and today are pretty good lessons in the penny stock world I think. Take more profits than you think when a penny stock stagnates after a jump because the penny world is probably going

So I just did a reevaluation of my penny portfolio. Most of what I have is down again today, but for the most part I really like the potential for some runs out of all of them. Here's my list, and why

So, quick funny story for ya. I talk to one of the guys at work about stocks from time to time.  He is more of the buy and check once a month kind of guy, and very close to retirement.  I have be

32 minutes ago, JoeSteeler said:

Another 40% today so far  ♥️

only have 1,200 shares and debating selling 200 and free-rolling 1,000

I am just not confident knowing when to sell

I like your plan, but then again, I like nice round numbers.

With lots of zeroes preferably.

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33 minutes ago, JoeSteeler said:

Another 40% today so far  ♥️

only have 1,200 shares and debating selling 200 and free-rolling 1,000

I am just not confident knowing when to sell

Not a bad plan. Any time you can free roll is a good thing.

 

TSNP has been on a nice even climb for awhile. 

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1 minute ago, Caesar said:

I like your plan, but then again, I like nice round numbers.

With lots of zeroes preferably.

Thanks

Whenever possible I do try to live by the rule to sell enough to get my initial investment out and let the rest go

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9 minutes ago, JoeSteeler said:

Thanks

Whenever possible I do try to live by the rule to sell enough to get my initial investment out and let the rest go

I did that with HCMC when I was finally able to.  Made 400% and still free-rolling 1 million shares.  💪:thumbup:

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3 minutes ago, Worm said:

WDLF up ~60% 

Rumors that there will be some news soon announcing zero debt.

Very bullish chart pattern today as well.

:censored:  I knew I wanted to tail you on this.  That's what I get for trying to be "smart" with my money.

oh, and congrats.... keep on rollin"

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16 minutes ago, Worm said:

WDLF up ~60% 

Rumors that there will be some news soon announcing zero debt.

Very bullish chart pattern today as well.

Still a buy or too late?

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16 minutes ago, RC94 said:

Still a buy or too late?

Not sure. A lot of people seem to think it could zoom to a $0.10 target.

This shareholder podcast was yesterday evening. May be why it's popping today. I haven't watched/listened yet.

https://www.socialnetwork.ai/podcast

 

edit - https://twitter.com/Ver20123/status/1357371654867853312

HuntPost is one of the WDLF licensees, and WDLF will have a 15% stake when it goes public

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No. I actually thought it was going to dip at open and I had a limit order in to buy but it just shot straight up.

Edit - coming back down now. Was originally hoping to get in around the 0.013's.

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10 minutes ago, JoeSteeler said:

Not a fan of the Schwab app...Fidelity is much better IMO

I've never used Fidelity. My wife has her 401k there and I'm not even touching that one. :lol:  That's where the safe money is.

I'm the idiot at Schwab letting guys I've never met on the internet basically manage my account. 

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18 hours ago, JoeSteeler said:

Got in WDLF a couple days ago 50,000 @ .005

Me too. Anyone else in this boat may want to note that the share price has doubled from this spot which means, yes you guessed it, Free-rolling! 

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23 hours ago, JoeSteeler said:

Another 40% today so far  ♥️

only have 1,200 shares and debating selling 200 and free-rolling 1,000

I am just not confident knowing when to sell

 

🚀🚀🚀

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58 minutes ago, JoeSteeler said:

Not a fan of the Schwab app...Fidelity is much better IMO

Can you buy cbbt on fidelity?  I've tried a few times in the last few weeks and always get denied.

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1 minute ago, joker said:

How much higher can CBBT run? I'm freerolling but am wondering if I should just bank the profit 

Stop limits orders are your friend!

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13 minutes ago, joker said:

How much higher can CBBT run? I'm freerolling but am wondering if I should just bank the profit 

Man, good question. I checked this morning and they still haven't sent out a press release about the merger being finalized. I think it has some room yet. 

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OK, need some advice from strangers on the internets please.

My position in WDLF has gone up 120%. :flex:  My position in SFIO has gone up 40%. AITX up 40%.

At what point do I take out initial investments to freeroll? How do I determine if I should just run with it all :diamondhands: (if my position is small, for example)? Are there signs I can look for to tell if a significant gain is a pump'n'dump as opposed to a legit leap forward that can be sustained?

I really like WDLF long term so I'd like to just let it run, but I also like the idea of freerolling when possible. Just wondering if there are consistent thoughts around such things. Learning a lot here - hoping to learn more. TIA.

 

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2 minutes ago, soothsayer said:

OK, need some advice from strangers on the internets please.

My position in WDLF has gone up 120%. :flex:  My position in SFIO has gone up 40%. AITX up 40%.

At what point do I take out initial investments to freeroll? How do I determine if I should just run with it all :diamondhands: (if my position is small, for example)? Are there signs I can look for to tell if a significant gain is a pump'n'dump as opposed to a legit leap forward that can be sustained?

I really like WDLF long term so I'd like to just let it run, but I also like the idea of freerolling when possible. Just wondering if there are consistent thoughts around such things. Learning a lot here - hoping to learn more. TIA.

 

I usually buy in these pretty small - $300 or less. Once it doubles I usually take out my initial investment and maybe some profit. 

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25 minutes ago, ChiefD said:

Now I'm rethinking. My $62 of CBBT is work about 2k right now. :lol:

 

Perfect example - is there a point to pulling the $62 at this point? Is it a tragedy if you ultimately lose that original $62? If not, why not let it all roll? Unless the point is to take profits along the way in a stairstep fashion (just like you'd average your cost down by investing in more if the price goes down)?

I guess if I had a $62 >> $2k, i'd probably take some profit out. Not sure how much though.

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2 minutes ago, soothsayer said:

Perfect example - is there a point to pulling the $62 at this point? Is it a tragedy if you ultimately lose that original $62? If not, why not let it all roll? Unless the point is to take profits along the way in a stairstep fashion (just like you'd average your cost down by investing in more if the price goes down)?

I guess if I had a $62 >> $2k, i'd probably take some profit out. Not sure how much though.

Yeah, this is what I struggle with. I'm freerolling at this point. So I've taken some profits out and invested in some other stuff that is doing well.

If I take say half of that profit now, I'm paying more taxes on it. So I never really know what to do. I'm pretty new at this stuff.  For this one, I think it has still more room to run, so I'll probably hold it.

But it's damn tempting to take $1000 and even with the tax hit create more opportunities. 

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I think when to take profits really depends on the stock and how you feel about its long term prospects.

I know there are chart gurus that can tell you when its about to start a retracement or "healthy dip" and maybe you try to time that and sell for profits at the top and buy back in on the dip, but that is tough to get right.  I know I have rarely done it correctly.

In a perfect scenario, I am selling 100% of my shares when I think its at the top, and then buying that same amount, or more, on the dip.  I never feel comfortable with that, but I have been able to sell 25-50% at a peak, or near a peak, and then buy back in after it dips down.  I have also sold 25-50% at what I thought was a peak and watched it keep riding up.

We've said it before, but it really comes down to how pissed you will be if you sell and it rides another 1000% vs how pissed you would be if it dipped back down 50% and you were either forced to hold and wait, or sell at a discount. 

Currently I free roll 

5252K DPLS across two different accounts  (with 2K profits)

100K AITX   (with 4K profits taken)

1Million HCMC  (with 1200 profits)

Sold out of PLYZ and ASTI

Holding a stake in UNVC, ALYI, GTEH, and XMET.   I could free roll all of these except ALYI, but I like the long term prospects.

 

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8 minutes ago, Caesar said:

I think when to take profits really depends on the stock and how you feel about its long term prospects.

I know there are chart gurus that can tell you when its about to start a retracement or "healthy dip" and maybe you try to time that and sell for profits at the top and buy back in on the dip, but that is tough to get right.  I know I have rarely done it correctly.

In a perfect scenario, I am selling 100% of my shares when I think its at the top, and then buying that same amount, or more, on the dip.  I never feel comfortable with that, but I have been able to sell 25-50% at a peak, or near a peak, and then buy back in after it dips down.  I have also sold 25-50% at what I thought was a peak and watched it keep riding up.

We've said it before, but it really comes down to how pissed you will be if you sell and it rides another 1000% vs how pissed you would be if it dipped back down 50% and you were either forced to hold and wait, or sell at a discount. 

Currently I free roll 

5252K DPLS across two different accounts  (with 2K profits)

100K AITX   (with 4K profits taken)

1Million HCMC  (with 1200 profits)

Sold out of PLYZ and ASTI

Holding a stake in UNVC, ALYI, GTEH, and XMET.   I could free roll all of these except ALYI, but I like the long term prospects.

 

I like to get out at a perceived high so I have the cash free.  The pennies are volatile so I hate having funds tied up when they drop. Particularly if I have to average down because I got in too high (I'm looking at you AITX!).

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16 hours ago, Nick Vermeil said:

I like to get out at a perceived high so I have the cash free.  The pennies are volatile so I hate having funds tied up when they drop. Particularly if I have to average down because I got in too high (I'm looking at you AITX!).

I think this is a good point.

Do you guys think it matters what you plan to do with the money when you sell off?  Are you putting it right back on another penny stock, or putting it in a more "stable" investment?

I feel like the goal of penny stocks is to really look for the homerun, and the more of them you can get into a freeroll situation the better chance of scoring on it.  I am not sure what the realistic price target or time frame is for the ones I am freerolling, but I do have an overall plan, so if I can get to that, I will reassess. 

 

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1 hour ago, Caesar said:

I think this is a good point.

Do you guys think it matters what you plan to do with the money when you sell off?  Are you putting it right back on another penny stock, or putting it in a more "stable" investment?

I feel like the goal of penny stocks is to really look for the homerun, and the more of them you can get into a freeroll situation the better chance of scoring on it.  I am not sure what the realistic price target or time frame is for the ones I am freerolling, but I do have an overall plan, so if I can get to that, I will reassess. 

 

I think it does matter what you want to do with the money. I’m gambling more than investing in the otc stocks. That said, some seem like real possibilities long term like ZOM. I’ll let those ride when I can. 

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48 minutes ago, RC94 said:

What trade platform/website do you guys use?

Is this question the new "how much do you bench?"?  💪

TDAmeritrade

 

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23 hours ago, ChiefD said:

I usually buy in these pretty small - $300 or less. Once it doubles I usually take out my initial investment and maybe some profit. 

Always my plan too.  :hifive:

Of course let CYDY ride much longer but and like everyone here wish I would have put my entire net worth into it.

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