:( yea it is :(
mannn i wanted to sell my bcle at a loss and buy ifsl
i duno wht to do :'(
think bcle audit will be done soon?
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:( yea it is :(
mannn i wanted to sell my bcle at a loss and buy ifsl
i duno wht to do :'(
think bcle audit will be done soon?
It closes at 4 P.M. EST... Then after hours opens up at 4:30, but not for BB Pink stocks. Don't even get involved with after hours until you absolutely know what you are doing ;)Quote:
Originally Posted by Sean
IFSL scares me. They have been paying for news and putting out all kinds of financial numbers lately and the stock hasnt been moving much at all. I hope it does great for you shots! Is anyone else in it?
it depends at what price your trying to sell at and what kind of order.. if you selling at the bid, almost instantaneously...Quote:
Originally Posted by Sean
i have a good till cancel (GTC) SELL order @.0007 (20%profit) on BNPD for a few days now, today i got another 100k shares sold, so my order is still not completed. at this rate it may clear sometime next week. the volatility is low but im not worried as long as my sells are getting through at my target albeit slowly.
so there is no quick answer to your question. depends on volume and target price
Yeah, it closes at 4 pm Eastern I think, I'm in San Diego, so its 1 pm. Depending on your broker, a trade might not be entered for that day if its X amount of time before the close. Last time I tried on scottrade, I think it was 3 seconds, but before I think it was a minute - but the details on that are fuzzy. You can email your broker to find out.Quote:
Originally Posted by Sean
Also, if it does not go thru because it fell into that range, the order may be set for the following day, so if that's not in your plan cancel it. If you placed an order before the cutoff, and it was for the day, and it simply didn't trigger due to a condition such as limit/stop, then it shouldn't be in line to trigger (provided the conditions are met, and whether you put the order thru as GTC (good til cancelled, or GTD good until such date)) the next day.
There is also aftermarket hours trading, but that's usually reserved at most brokerages for listed stocks (nyse, nasdaq, amex - not sure on amex) and the hours are different. Here, some brokerages will let you only buy and sell with limit orders, and the trading is kind of blind - meaning, you don't have as much information as to what will be triggered where. The liquidity is also very low, and a lot of trades are done earlier in the after hours session. Some stocks, like those involved with oil, will have very low liquidity, even if they are large cap, simply because the people who trade them aren't into that sort of thing. There is also premarket trading. If you are new though, I'd stay away from trading those periods.
thats cool how you can set it like that so if your at work and stuff.
i tryed to sell a stock when the stock market was closed thats why it was in queue :(
thanks for the fast responses tho
man its been a week and i'm already jumping ship lol
well, watch yourself - don't whipsaw (buy and sell at the wrong points) yourself to death.
Looking at the chart - IFSL already had a run up, and its a new person's tendency to buy after they see the stock goes up as proof that they should be in it. The "candle" - which is a charting style for the day or time period's price today, is indicative of a possible reversal for IFSL, where you would wait until tomorrow to see which way it goes (ie. if it picks up some steam, who knows, it could hit the moon). Now, with the pennies, this sort of thing is more difficult to guage, but in my opinion, you may have saved yourself from a larger loss. Also, a disclaimer here, anything I say about charts and whatnot - I'm pointing out what I think is probable or has what I (so that's my opinion) think has a higher percentage to be the case - you won't hear me ever say something like "The dow will hit 7000", as the price does what it does, you can't predict it. So for IFSL, based on candles, the setup is a reversal, but that isn't highly probable until there is weakness tomorrow, but, I also see that the setup is occuring lower than the previous high, so if I had to put money down in vegas, I'd go with that.
In general, (my opinion is) its better to start when a stock has been moving trading in a range, and starts to move up, not after it's moved up significantly (but there's caveats there - ie. I would buy a stock if it makes a new alltime high, or a new high within the last few years, depending on fundamentals). And again, that's how I try to play them, everyone is different though. Also, i'd like to say that I'm not a penny trader, so my experience in this realm is very limited, so I play with real small positions, so that if things don't go my way, it won't hurt.
Also, don't feel like you are going to miss the boat cause you just started. I used to feel that way like 10 years ago - and continually felt that way here and there for a long time. But funny, the trades still keep coming.
Thanks for that post dave, i read it but i'm probablly going to read it a few more times too.
yea i was like mann if i got into ifsl and it went up and then got back into bcle with 2x as much that woulda been sweet, but that kind of jumping without looking and losing on every trade is probablly the reason why i read that "80% of people lose money in the stock market"
what about buying stocks that have an expecting PR?
typically the stock price will slowly decrease until that PR comes out right? so theres that risk that it never comes or its bad, but the hope is that it comes and you got in just before it did :)