
@investmentjer I made 500 on HJOE the past 2 days, 2 trades and today I bought 800k shares @ .0025 now at .0036(sitting overnight because Im out of daytrades) but close to 1000$ profit. It is hard to tell when to get out with a stock that small, but it never hurts to lock the profits that you do. If it continues at the rate it is going it could very well reach .006 by friday. It never hurts to take the profits you have though and if does continue at the same pace it is now, you can buy some more. Like I said, I am on my 3rd trade this week with it because I am being cautious. But from one noob trader to another, I would lock in profits and rebuy if it continues to trend, but definitely be ready to sell if it does turn for the worse. The only reason it is doing so well is because of an excessive amount of Tweets from the company and because people see it's been blowing up SO that hype could end at anytime in the next day or 2.. Decision is yours, I'd take the profits! Hoped this helped.
And if people knew exactly when to sell, we would all be rich lol It is a little more predictable, knowing about the time you should sell $2-$10 stocks, but stocks under a penny... Those are a whole different game.
Join now or log in to leave a comment