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/biz/ - Business & Finance

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7727993 No.7727993 [Reply] [Original]

How do you do it? technical analysis? pump/dump newsletters?

>> No.7728003

All the risks of Crypto. 1/10th the moon. Don't be a sucker.

>> No.7728022

Heavily invested in crypto myself. Friends seem to do better with penny stocks however...

>> No.7728023

^^^^^ this. You could literally put your money into any crypto and get a 10x by the end of the year

>> No.7728063

>>7728022
Unlikely unless your friends are Jordan Belfort, you suck at crypto, or you just got in this last crash. Trust me, I'm not some fag gonna tell you stocks are bad. They aren't they are a great investment that should make up more of your portfolio than crypto. But penny stocks are a stupid gamble for suckers.

>> No.7728118

>>7728063
i think there is more volume with pennystocls, there are some bluechip pennystocks that 10x in a month, there are some weed stocks that did way more than 10x in a couplemonths. i think that crypto when its not mooning, like now, trades sideways for a long time.

>> No.7728156

>>7728118
>Bluechip penny stocks
>bluechip
>penny stock
>more volume
>in penny stocks
>weedstocks are penny stocks
so much wrong with I don't know where to begin.

>> No.7728208
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7728208

>>7727993
I hope you read this anon because this is the advice you need..

Penny stocks are cheap because the company is not profitable, period. Would you like to purchase a business that is losing money?

In the mining industry for example, they issue shared to get money to search for gold. So $.10 per share. As they burn this cash the share price drops accordingly down to 0. THEN they do a 10-1 roll back. You owned 10 shares and now you own 1.

Then the process repeats itself. When they go up 10% of the time it's because they found something that might make a viable business. The rest of the time it's roll backs and retail investors losing everything.

Don't be stupid anon.

>> No.7728490

>>7728208
A non-retarded /biz/ poster? it gives me hope anon.

>> No.7728558

I've done pretty well in speculative mining stocks. Especially due to high demand for Lithium and Cobalt. It's generally a very long hold though. My strategy for stocks is generally to buy the bad news and sell half on good news to hopefully buy back in cheaper. Markets have a habit of over reacting.

>> No.7728900

Penny stocks are basically crypto but worse.
Why would you buy them? Are you a boomer?