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Im thiking of a giving a shot at penny stocks. I know its a big risk/gamble, but Im planning to try nevertheless just few hundereds.

Is there an issue with which I trader I buy. I mean since some penny stocks dont trade much in a day. If I buy, the brokerage has to find a seller right? But this maybe an issue if the sellers, dont use that brokerage.
I have used etrade before. But openend in fidelity and zecco.

Im a newbie in trading, so can someone pls clarify this:
If I see the price as $X and I sell immediately, am i gauranteed for the sale to be at that price?
Or the brokerage firm has to wait to find a buyer and then setlle my price.

2007-05-17 23:19:07 · 1 answers · asked by arun 2 in Business & Finance Investing

1 answers

You are way to early in your trading experience to try penny stocks (your questions are my source for this conclusion).
It's as if you wanted to drive on a highway but didn't really know what a steering wheel did (let alone not knowing what a break was).

Penny stocks should only be traded by experienced traders. You don't have a clue about general trading and yet you want to gamble here. That's financially irresponsible.

For your own good, read 2 - 3 good books on investing. Start with large cap's & ETF's. Never (ever) invest in anything you don't fully understand.

Consider yourself warned.

2007-05-18 01:12:22 · answer #1 · answered by Common Sense 7 · 0 1

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