Quote Originally Posted by haymo:
Been reading your threads lately. HF do you put in a sell order right after your buy order when you have a target price with these penny stocks or wait awhile? thanks enjoy this discussion
Okay, glad to see you taking a step into the OTC world. First off, I highly recommend ETRADE. They are the best in the world for penny stocks. Whenever you want to BUY a stock, for instance lets use AZFL. I was just about to post that I am getting back into AZFL .0045.
So for a BUY you would click on trade at top of page after logging into your acct. Then you would type AZFL under symbol. Order type is BUY. To factor in how many shares you can get always go to google calculator or any calculator and divide for example $1,000 into what the BID price is.
So, AZFL is .0045 and so if you have $1,000 to invest you always factor the $9.99 commission trade that ETRADE charges. Now, if you have a new acct you get 60 free trades I believe, so you can use the whole $1,000 divided into the BID PRICE. Whatever that price is as a WHOLE #, if a decimal is involved it wont accept it. So 222,222 you would be able to buy.
Whenever you buy you place price type as LIMIT. When it asks for LIMIT PRICE that is the BID and the price of the stock you are willing to buy. So AZFL you can bid anywhere from .0045 or higher if your bid is sitting too long. The term (length of time) when BUY I always place GOOD FOR DAY
Now, when SELL or to place the price you want to SELL ALL. Once you are officially filled and into a trade, like AZFL. Right after you officially own that stock go to your portfolio page where it shows all your stocks. It will have a BUY/SELL button right next to it on the page. Click on the SELL link and then you place the price you want to get out of the stock.
So, AZFL if you want to make 100% and you got in at .0045 than you would place your SELL at .009 and "Set it and Forget it" it was ask for price type and its always LIMIT PRICE and limit price is the .009, limit price means WHAT PRICE U WANT TO SELL AT. The term I always put GOOD FOR 60 DAYS and so your sell will trigger whenever AZFL reaches .009, provided its within the 60 days so you don't have to be glued to your computer and it sells it automatically
Hope this helps and best of luck..AZFL is about to take off, while my others may take a bit of time..AZFL is like water boiling for a pasta meal..Its going to pop really soon! Best of luck man!