total stock noob

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Anonymous
total stock noob 2016-05-23 20:38:29Post No. 1264205
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total stock noob Anonymous 2016-05-23 20:38:29 Post No. 1264205 [Report]

DISCLAIMER: I'm a fucking dunce when it comes to these things so don't expect me to know what I'm talking about at all.

So I have robinhood, and I check yahoo finance, but I'm just a student with very little extra money to invest in stock (most would say not enough to even bother) and I'm honestly very ignorant to the market itself. Anyway, I was checking my watchlist this morning before the market opened and saw that SCON was trading for .190 this morning and thought about throwing like $100 into it just for shigs, and I see now that it got up to .270. So I have 2 things I want to ask you, /biz/

1. that's a 40% increase, so if I had bought $100 at .190 and sold at .270 using robinhood would I now have $140? (As I said, I'm a noob. I've never traded, and still not so sure about how RH works)

2. Did I fuck up by not buying this this morning? (I know I know, $40 isn't much to some, but hey it's gas money and food for me) It seems to me that maybe it bottomed out and is on the up and up, but I know that the higher it gets the less I could profit with only a few hundred bucks worth.. I mean a 40% increase from .270 is much less likely than a 40% increase from .190 right?

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Anonymous 2016-05-23 20:46:02 Post No.1264226
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Anonymous 2016-05-23 20:46:02 Post No.1264226 [Report]

>>1264205
Bump

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Anonymous 2016-05-23 20:51:17 Post No.1264236
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Anonymous 2016-05-23 20:51:17 Post No.1264236 [Report]

>>1264205
don't start with pennies fuckboy. 100% capital risk with a ton of volatility.

Don't invest in things you don't understand.

Get ye to tastytrade and fucking stack money

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Anonymous 2016-05-23 20:51:45 Post No.1264238
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Anonymous 2016-05-23 20:51:45 Post No.1264238 [Report]

>>1264226
well thank you kind sir.

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Anonymous 2016-05-23 20:52:01 Post No.1264240
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Anonymous 2016-05-23 20:52:01 Post No.1264240 [Report]

>>1264205
1.yes
2.no

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Anonymous 2016-05-23 21:05:44 Post No.1264272
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Anonymous 2016-05-23 21:05:44 Post No.1264272 [Report]

>>1264240
No as in I didn't fuck up and I could still buy, or no as in I didn't fuck up because I shouldn't buy it?

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Anonymous 2016-05-23 21:11:05 Post No.1264279
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Anonymous 2016-05-23 21:11:05 Post No.1264279 [Report]

>>1264272

no as you didn't fucked up. penny stock is in general a death trap.
you can have a few penny stocks in your watch list because you have reasons to do so, once the news/permit... you have been looking for gets out, you can with limited risks invest in a penny stock. other than that it's just fancy gambling.
never ask yourself if you should buy a stock, in theory you should buy them fucking all (trackers, duh), ask yourself why you should not, once the risk evaluated, decision making time